Invicta Holdings achieved its long-stated goal of generating approximately 50% of income from operations outside South Africa in the year to end March 2026, ahead of schedule, which reduces the group's dependence on any single market and positions the group for the next phase of growt. says it will continue to be on debt reduction.
Invicta Holdings (Invicta) increased its dividend 9% to 125 cents per share as a result of a robust financial performance for the year ending March 31 and in spite of the continuing de0industrialisation of South Africa.
“The financial year was defined by external pressure and internal resolve. Sustained rand strength affected the translation of our foreign operations, while US trade tariffs and the supply chain disruption triggered by the Middle East conflict created headwinds across nearly every market in which we operate,” said CEO Steven Joffe on Monday.
“As a result of continuous action by management, we were successful in maintaining our margins across the businesses. We also tightened working capital management to improve liquidity, with targeted measures such as more disciplined purchasing of inventory to ensure foreign exchange risk was also well managed. These initiatives, with prudent capital expenditure, enabled us to preserve cash,” he said.
