{"id":645945,"date":"2026-05-07T09:42:19","date_gmt":"2026-05-07T07:42:19","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=645945"},"modified":"2026-05-07T09:42:22","modified_gmt":"2026-05-07T07:42:22","slug":"top-technology-firm-in-south-africa-expects-double-digit-earnings-growth","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/645945-top-technology-firm-in-south-africa-expects-double-digit-earnings-growth.html","title":{"rendered":"Top technology firm in South Africa expects double-digit earnings growth"},"content":{"rendered":"\n

South African technology company Altron published a trading statement for the year ended 28 February 2026 on Thursday, notifying shareholders that it expected to report significant earnings growth.<\/p>\n\n\n\n

Altron announced that the group’s headline earnings per share, a measure of company profitability, are expected to increase by 68% to 74% in its 2026 financial year.<\/p>\n\n\n\n

The group includes technology firms like Netstar, Altron FinTech, Altron HealthTech, Altron Digital Business, Altron Security, Altron Document Solutions, and Altron Arrow.<\/p>\n\n\n\n

It stated that it expected to report group headline earnings growth of 225 to 233 cents per share in its upcoming annual financial results.<\/p>\n\n\n\n

Meanwhile, group earnings per share are set to increase by 187 cents to 193 cents, with an expected change of between 82% and 87%.<\/p>\n\n\n\n

Headline earnings per share of its continuing operations is also expected to grow between 31% and 37%, while earnings per share will see a similar increase.<\/p>\n\n\n\n

This latest trading update provided a clearer picture of what investors can expect from its yearly performance, as outlined in its upcoming results.<\/p>\n\n\n\n

In February, the company reported that its operating profit grew<\/a> by more than 20% in its 2026 financial year, supported by strong performance in its Netstar vehicle-tracking business.<\/p>\n\n\n\n

At that time, it indicated that its headline earnings per share and earnings per share from its companies were expected to increase by 30%.<\/p>\n\n\n\n

“Continuing operations delivered low double-digit Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) growth year-to-date, and operating profit growth greater than 20%,” it said.<\/p>\n\n\n\n

“Excluding the change in Netstar’s depreciation policy, operating profit increased in the low-to-mid-teens.”<\/p>\n\n\n\n

Altron said that the performance was a result of disciplined focus on execution of its strategy across all businesses and reflected the benefit of a diversified portfolio, despite varying operating conditions.<\/p>\n\n\n\n

“Deliberate focus on deployment of capital into higher-margin, annuity-revenue growth opportunities continued in H2 FY2026, with further improvement in operating leverage,” it said.<\/p>\n\n\n\n

“Year-to-date, Altron’s Platforms segment has contributed approximately 45% to revenue, and approximately 90% to both EBITDA and operating profit.”<\/p>\n\n\n\n

Despite this, the group’s overall revenue in H2 2026 was negatively impacted by continued poor performance at Altron Digital Business, the company’s IT services division.<\/p>\n\n\n\n

“The constrained operating environment for IT Services persisted in H2 FY2026 and is in line with market trends observed in South Africa and globally,” it said in February.<\/p>\n\n\n\n

It said that there were still early signs of improvement after the implementation of a comprehensive profit-improvement strategy and restructuring in December 2025.<\/p>\n\n\n\n

Vehicle tracking business showing signs of success in Australia<\/h2>\n\n\n\n
\"\"
Warren Mande, incoming managing director for Netstar.<\/figcaption><\/figure>\n\n\n\n

Altron’s platforms include the Netstar business, which it said at the time recorded “robust” double-digit revenue growth.<\/p>\n\n\n\n

It said the vehicle and asset-tracking company delivered strong performance thanks to solid growth in South Africa and early progress in its Australian arm.<\/p>\n\n\n\n

“Excluding the change in Netstar’s depreciation policy, operating profit increased in the high teens, in line with EBITDA growth,” it said.<\/p>\n\n\n\n

In April, Netstar announced the appointment<\/a> of Warren Mande as its new managing director, effective 1 July 2026.<\/p>\n\n\n\n

It followed the resignation of incumbent director Grant Fraser, who is emigrating to Australia with his family, the company reported.<\/p>\n\n\n\n

Altron Group CEO Werner Kapp said Mande is exactly the right person to lead the vehicle-tracking firm into its next chapter with his ability to “deliver operational excellence.”<\/p>\n\n\n\n

“We will continue to leverage cutting-edge technology and data-driven innovation to strengthen our leadership in the industry, while building on the momentum Grant has created,” added Kapp.<\/p>\n\n\n\n

Fraser and Mande embarked on a transition period through 30 June 2026 to ensure a seamless handover and the comprehensive onboarding of the new managing director.<\/p>\n","protected":false},"excerpt":{"rendered":"

Altron Group reported that its headline earnings per share for the year ended 28 February 2026 are expected to increase between 68% and 74%.<\/p>\n","protected":false},"author":341213,"featured_media":645966,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[7983,98173,58026,39268,85329,55538,104581,59943],"class_list":["post-645945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-altron","tag-altron-digital-business","tag-altron-group","tag-fintech","tag-grant-fraser","tag-netstar","tag-warren-mande","tag-werner-kapp"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/645945"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341213"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=645945"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/645945\/revisions"}],"predecessor-version":[{"id":645982,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/645945\/revisions\/645982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/645966"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=645945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=645945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=645945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}