JSE-listed Blu Label Unlimited Group on Wednesday said that its reported results for the year ended May 31, 2026, were materially affected by the impact of IFRS(R) Accounting Standards arising from the culmination of the multi-year restructuring and separate listing of Cell C, as well as the unbundling of Comm Equipment Company (CEC).
However, Blu Label joint CEO Brett Levy assures that the group has emerged with a simplified structure and a sharpened focus on its cash-generative digital platforms, which remain resilient.
Cell C’s listing in November 2025 and the partial disposal of Blu Label’s shareholding transitioned the mobile operator from a subsidiary to an associate, and removed much of the historic complexity associated with Blu Label’s funding instruments and restructuring-related exposures.
“This was a transformational year for Blu Label. We completed the work required to place Cell C on an independent footing and, in doing so, materially simplified our own balance sheet and investment case. The group can now direct its full attention towards the platforms where we have scale, proven capability and clear opportunities to generate cash and compound value,” said Levy, along with Blu Label joint CEO Mark Levy.
