Famous Brands shows financial resilience despite tough year marked by deteriorating infrastructure

FAMOUS Brands, Africa's largest restaurant franchisor, reported a resilient financial performance for the year ended 28 February 2025 in its annual report, despite challenging operating conditions marked by a deteriorating infrastructure environment, and cash-strapped consumers.

- PHILIPPA LARKIN

The group, which owns and franchises major South African food brands such as Steers, Wimpy, Debonairs Pizza, Mugg & Bean, and Fishaways, posted a 3.2% rise in revenue to R8.28 billion, up from R8.02 billion the previous year. Operating profit grew by 12.6% to R914 million, while headline earnings per share climbed to 520 cents, from 465 cents in 2024.

CEO Darren Hele credited the group's performance to disciplined cost containment, brand resilience, and a robust business model.

"Our financial results are thanks to strong cost control, the enduring appeal of our brands, and the resilience built into our business," Hele said in the annual report.