Mpact reports mixed results: HEPS down, revenue up in challenging market

MPACT’S headline earnings a share (HEPS) from continuing operations will likely decline between 28% and 18.2% in the six months to June 30, even though revenue should increase by about 3%.

- EDWARD WEST

The JSE-listed paper and plastics packaging group said in a trading statement on Wednesday that HEPS is expected to be between 88 and 100 cents per share, compared with 122.2 cents at the same time last year, in a persistently challenging trading environment.

The group said uncertainty in local and global markets had contributed to poor business sentiment, despite that lower interest rates and lower inflation, and consumer demand remained weak. The detailed half-year results are expected to be released around August 4, 2025. Mpact directors said, however, they were making “good progress” on development projects that focus on growth sectors and investments in innovative, higher-margin, and sustainable products. “We remain confident in our value-enhancing strategy and future prospects,” they said.