Income for the period grew 5% to R3.1 billion, driven primarily by strong domestic trading. However, offshore revenue fell 29%, impacted by the closure of Paradise Sun and unrest in Maputo.
The EBITDAR margin declined to 26% due to rising cost pressures, although adjusted headline earnings remained stable, reflecting the company’s resilience amid challenging conditions.
Looking ahead, the firm is pursuing ongoing expansion, with major refurbishments underway and a new 50-year lease signaling long-term growth prospects.