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Second quarter operational update – FY 2024
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
("Cashbuild" or "the Group")
SECOND QUARTER OPERATIONAL UPDATE – FY 2024
Cashbuild herewith provides its voluntary quarterly operational update for the second quarter of the 2024
financial year ("second quarter").
Revenue for the second quarter for the Group was up 5% on the second quarter of the prior financial year ("the
comparative period"). For the 312 existing stores (in existence prior to July 2022), revenue increased by 3%
and the 9 new stores, contributed 2% growth. This, combined with the results reported in the first quarter of
FY 2024, equates to an increase in revenue for the half year ended 24 December 2023 ("half year" or
"HY2024") of 2% compared to the prior half year ended 25 December 2022 ("HY2023").
Transactions through the tills during the second quarter for the Group increased by 1% (half year: flat) to that
of the comparative period, with existing stores decreasing by 1% (half year: 1% down) and new stores
contributing 2% (half year: 2%).
Selling inflation was 3.2% at the end of December 2023 when compared to HY2023.
A revenue performance breakdown per operating segment is reflected in the following table:
Revenue performance HY2024 versus 1HY2023
Operating Segment Percentage Total New Existing
of Total Growth Growth Growth
Sales % % %
Cashbuild South Africa Q1 83 1 2 (1)
Q2 83 6 2 4
Half Year 83 4 2 2
Cashbuild Common Monetary Areas Q1 6 1 - 1
Q2 6 3 - 3
Half Year 6 2 - 2
Cashbuild Other * Q1 3 (3) - (3)
Q2 3 - - -
Half Year 3 (1) - (1)
P&L Hardware South Africa Q1 8 (9) - (9)
Q2 8 (5) 1 (6)
Half Year 8 (7) 1 (8)
Total Group Q1 100 - 2 (2)
Q2 100 5 2 3
Half Year 100 2 1 1
*Botswana and Malawi
During the second quarter, the Group opened one new Cashbuild store (half year: two Cashbuild and one P&L
Hardware), completed two Cashbuild refurbishments (half year: 3 Cashbuild) bringing the total number of
stores trading at the end of the half year to 321.
A store breakdown by operating segment is reflected in the following table:
Number of stores – end of quarter two Percentage Total New Existing
of total
Cashbuild South Africa 74 239 8 231
Cashbuild Common Monetary Areas 6 18 - 18
Cashbuild Other * 3 11 - 11
P&L Hardware South Africa 17 53 1 52
Total Group 100 321 9 312
*Botswana and Malawi
The information contained in this operational update has not been reviewed or reported on by Cashbuild's
auditors.
23 January 2024
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 23-01-2024 01:43:00
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