Spur Corporation reported group revenue of ZAR 1.3 billion for the fiscal year ended June 30, 2026, an 8.5% increase from the prior year. Total restaurant sales reached ZAR 12.3 billion, up 6.9% year-over-year, reflecting continued recovery in consumer demand despite persistent inflationary pressures.
Reported profit before tax declined 19.4% to ZAR 323 million due to a ZAR 129 million provision related to the GPS litigation claim. Adjusted profit before tax, excluding the litigation charge, rose 12.8% to ZAR 454 million. Operating margin expanded to 10.4% from 9.7% in FY25, while gross margin narrowed to 30% from 32% a year earlier. Earnings per share increased 11.6% and headline earnings per share rose 8.9%.
Cash generated from operations totaled ZAR 488.6 million, with unrestricted cash at ZAR 494 million as of June 30, 2026. Return on equity stood at 22.6%. The board declared a final dividend of ZAR 2.06 per share, bringing the full-year payout to ZAR 3.26 per share. Total expected distributions amount to approximately ZAR 188 million, payable on September 14, 2026.
The group operated 751 restaurants globally at year-end, including 639 in South Africa and 112 across 14 international markets. During the year, 52 new restaurants opened and seven closed. RocoMamas surpassed ZAR 1 billion in annual restaurant sales, while Spur SA’s annual turnover exceeded ZAR 7 billion in fiscal 2022 and international turnover surpassed ZAR 1 billion in fiscal 2024.
Management highlighted resilience in supply chains and customer loyalty amid elevated beef prices, which rose approximately 50% year-over-year due to foot-and-mouth disease outbreaks and broader inflation. Urban meat inflation reached 12.6% by December 2025, the fastest pace since 2018, and current beef prices remain 15%–20% above 2024 levels. CEO Val Sokolov emphasized risk controls, supply chain strength, and consumer-led innovation as key drivers of performance, stating that franchisee success remains central to the company’s strategy.
