Cashbuild stock gains 1.02 percent as earnings expose a split

Cashbuild stock was last at ZAc 9,950.00 on the JSE on September 28, 2026, at 5:00 p.m. SAST, up 1.02 percent from ZAc 9,850.00. The move followed a mixed fiscal 2026 result, with sales growth and margin improvement offset by weaker reported earnings.

Revenue grows as earnings weaken

According to Sharenet on September 2, 2026, Cashbuild reported fiscal-year revenue of ZAR 12.10 billion for the 52 weeks ended June 28, 2026, up 6.00 percent from ZAR 11.48 billion. Gross profit increased 8.00 percent to ZAR 3.07 billion, lifting the gross margin to 25.30 percent from 24.80 percent.

The bottom line moved in the opposite direction. Moneyweb reported on September 2, 2026, that headline earnings per share fell 8.00 percent to 960 cents, while basic earnings per share declined 25.00 percent to 786 cents. Profit after tax decreased 24.00 percent to ZAR 173.00 million, partly reflecting a ZAR 34.90 million loss on the disposal of the Malawi subsidiary.

Margin recovery faces cost pressure

The more constructive signal came from underlying profitability. Normalized operating profit rose 9.00 percent to ZAR 311.00 million, while normalized profit after tax increased 5.00 percent to ZAR 196.00 million, according to Investing.com on September 3, 2026.

Cashbuild ended the fiscal year with 317 stores after opening 9 locations, closing 11 underperforming stores and acquiring 3 Amper Alles stores, according to the company announcement carried by Sharenet. Management also said fiscal 2027 trading conditions remained challenging, with revenue for the first 7 weeks at similar levels to the comparative period.

Stock remains near yearly low

The September 28 quote stood 4.73 percent above the 52-week low of ZAc 9,501.00 and 45.63 percent below the 52-week high of ZAc 18,299.00. Trading volume was 6,210 shares on that session, keeping the market picture centered on the earnings split between improving margins and weaker statutory profit.