Wrap Text
Consolidated interim financial results and cash dividend declaration for the six months ended December 2025
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2024/200346/06)
ISIN: ZAE000334850
Share code: RBO
("Rainbow" or "the Company" or "the Group")
UNAUDITED INTERIM FINANCIAL RESULTS AND CASH DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED
28 DECEMBER 2025
• Revenue from operations is up 11.3% to R8,8 billion
• Earnings before interest, taxes, depreciation and amortisation (EBITDA) is up 81.4% to R1,1 billion
• Earnings per share (EPS) is 74.79 cents, up 110.2%
• Headline earnings per share (HEPS) is 74.81 cents, up 109.9%
Financial results
Unaudited Unaudited
28 December 29 December
2025 2024
R'000 R'000 Movement
Revenue 8 786 983 7 894 686 11.3%
EBITDA 1 053 898 581 131 81.4%
EBITDA margin % 12.0% 7.4% 4.6 ppts
Earnings attributable to equity holders of the Company 669 457 317 010 111.2%
Earnings per share (cents) 74.79 35.58 110.2%
Headline earnings 669 595 317 604 110.8%
Headline earnings per share (cents) 74.81 35.64 109.9%
Dividend per share (cents) 15.0 - 100.0%
Total Assets 9 122 298 7 985 773 14.2%
Total Liabilities 4 000 639 3 610 197 10.8%
The ongoing implementation of Rainbow's growth strategy, supported by strong demand for chicken, lower
input prices, ongoing focus on operational efficiency and cost management, and the strengthening of the
South African Rand versus the US Dollar, has continued to result in improved profitability over the first half of
this 2026 financial year.
Revenue increased by 11.3% to R8,8 billion (December 2024: R7,9 billion) for the six months ended 28
December 2025, positively impacted by stronger demand, enhanced channel and product mixes and improved
pricing.
Earnings attributable to equity holders increased by 111.2% to R669,5 million (December 2024:
R317,0 million), with earnings per share and headline earnings per share increasing to 74.79 cents and 74.81
cents respectively.
The Group's statement of financial position indicates that Rainbow is well placed to support ongoing
operational requirements, planned capital investments and future growth initiatives.
DECLARATION OF ORDINARY DIVIDEND No. 2
Notice is hereby given that the Board of Directors has approved an interim gross cash dividend (number 2) of
15.0 cents per ordinary share (12.0 cents per share net of dividend withholding tax) for the six months ended
28 December 2025. The dividend has been declared from income reserves. A dividend withholding tax of 20%
will be applicable to all shareholders who are not exempt.
The issued share capital at the declaration date is 898 731 497 ordinary shares. The Company's tax reference
number is 9031711303.
The salient dates for the dividend will be as follows:
Publication of declaration data Wednesday, 11 March 2026
Last day of trade to receive a dividend Tuesday, 14 April 2026
Shares commence trading "ex" dividend Wednesday, 15 April 2026
Record date Friday, 17 April 2026
Dividend payment date Monday, 20 April 2026
Share certificates may not be dematerialised or re-materialised between Wednesday, 15 April 2026 and Friday,
17 April 2026, both days inclusive.
Shareholders are advised that this results announcement, which is the responsibility of the Board of Directors
of the Company, represents a summary of the information contained in the unaudited interim results for the
six months ended 28 December 2025 ("condensed consolidated interim financial results and cash dividend
declaration") and does not contain full or complete details. Any investment decisions by investors and/or
shareholders should be based on consideration of the condensed consolidated interim financial results.
The condensed consolidated interim financial results are available through the JSE cloudlink at:
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/RBOE/11032026.pdf and on Rainbow's website:
https://rainbowchickens.co.za/wp-content/uploads/2026/03/2026-Interim-Results-Announcement.pdf
The interim results Investor Presentation is available on Rainbow's website:
https://rainbowchickens.co.za/wp-content/uploads/2026/03/2026-Interim-Results-Investor-
Presentation.pdf
This results announcement has been prepared in compliance with the JSE Limited Listings Requirements.
Centurion
11 March 2026
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11-03-2026 07:05:00
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