Metair QFY25 Revenue Rises 57% to ZAR17.9B, EBITDA Up 99%
Metair reported 57% revenue growth to ZAR17.9 billion and a 99% jump in EBITDA to ZAR1.7 billion for 2025, driven by Hesto consolidation and full-year AutoZone inclusion, while net debt climbed to ZAR3.9 billion. Aftermarket Parts & Retail posted a ZAR46 million loss and Romanian unit Rombat absorbed a EUR20 million fine, leaving core margins under pressure.
1. Full-Year 2025 Financial Results
Metair delivered ZAR17.9 billion in revenue for the year, up 57% year-over-year, and nearly doubled EBITDA to ZAR1.7 billion through consolidation of Hesto for nine months and full-year inclusion of AutoZone. HEPS rose from ZAR1.05 to ZAR1.91 per share, while net debt increased to ZAR3.9 billion from ZAR2.7 billion, reflecting added leverage.
2. Aftermarket Parts & Retail Struggles and EU Fine
The Aftermarket Parts & Retail segment recorded a ZAR46 million loss, with segment EBIT down to ZAR246 million from ZAR267 million. In addition, the Romanian battery unit Rombat incurred a EUR20 million compliance fine that has been fully provisioned, weighing on group operating margins.
3. Hesto Consolidation and Strategic Outlook
Hesto performed strongly with revenue up 8% to ZAR5.9 billion and EBIT surging 79% following rightsizing and restructuring. Management is targeting AutoZone margins of 1–2% in the short term, a medium-term goal of 3%, and long-term margins of 5.5%, while expanding the Aftermarket Parts & Retail division’s revenue contribution from 30% to 40%.