Invicta sees interim earnings shoot 9% despite industrial challenges

INVICTA Holdings’ geographic diversification strategy and other initiatives to streamline the business and bed down investments paid off in the six months to September 30, despite the challenges facing South Africa's industrial sector.

- EDWARD WEST

The JSE-listed holding company that distributes engineering components, capital equipment, and related technical services across South Africa, Africa, Europe, and Asia, increased sustainable headline earnings a share by 19% to 285 cents in this period. Cash on hand stood at R931 million.

The group acquired Spaldings in the UK, a distributor of agricultural and ground care components, on September 1, 2025, for about R250m. Invicta also repurchased and cancelled 3.1 million ordinary shares. On May 1, 2025, associate Kian Ann acquired 100% of US-Texas based Safe Harbor - a premium aftermarket parts supplier for various capital equipment.

“We are pleased with our cash generation. The business continues to demonstrate strength in its geographical diversification strategy and initiatives that have supported resilient operations, and delivered value despite challenging trading conditions,’ said CEO Stephen Joffe.

He said during the first half, the focus had been on streamlining operations, solidifying investments, and keeping abreast of tariffs and foreign exchange fluctuations.