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Upbeat Raubex Group predicts solid earnings growth amid new contracts
Cape Times
|March 25, 2025
RAUBEX Group’s share price increased over 8% on the JSE Monday morning after it predicted a 15% to 25% increase in headline earnings per share (HEPS) and a stronger pipeline of new contracts, including the repair of the Parliament building.
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The group said included in its pipeline of new work was the recent award for the repair and upgrade of the Parliament buildings in Cape Town, valued at R1.98 billion.
“This project will be a key project for our Commercial Building business in the new financial year,” Raubex directors said in a trading statement Monday.
Earnings a share were expected to be between 590.1 cents and 637.3 cents, while HEPS was expected to be between 547.7 cents and 595.4 cents (2024: 476.3 cents) for the year to February 28, the infrastructure and construction group directors said in a trading statement.
Three out of the four divisions improved on their first half earnings in the second half of 2025, while the diversification strategy was pivotal role in driving performance,’ directors said in the statement.
Normalised EPS was expected to be between 15% and 25% higher than the previous corresponding period. This would translate to normalised EPS of between 542.9 cents and 590.1 cents for the year.
The increase in the Roads and Earthworks division operating profit was due to the execution of the project pipeline.
This story is from the March 25, 2025 edition of Cape Times.
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