PPC reports another year of significant financial turnaround with a 72 percent dividend increase

PPC is constructing a R3.1 billion cement plant in the Western Cape which it plans to open in the first quarter of 2027, within budget, and on time.

PPC delivered a second consecutive year of financial turnaround to March 31, with a step-change across all key financial metrics and despite muted South African cement sales volume growth.

The strong performance led to a dividend of R469 million for the 2026 financial year, a 72% increase. Group earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 31% to R2.1 billion. EBITDA margins expanded by 4.2 percentage points. Earnings a share increased by 75% to 56 cents, in line with the significant increase in profit.

This follows the first two years of the implementation of PPC’s “Awaking the Giant” turnaround strategy. In this period, EBITDA increased by 62% from R1.2bn in 2024 to R2.1bn for 2026. Also, the EBITDA margin increased markedly by eight percentage points over two years to 20.3%.

Profitability and cash flow generation improved materially compared to the 2025 financial year. South Africa cement was the main driver of results expansion, while Zimbabwe registered a good performance in the second half of the year.