Barloworld Group reported a 7% drop in revenue to R41.9-billion for the year ending September 30, 2024. Earnings before interest, tax, depreciation, and amortization (EBITDA) also fell 7% to R5.1-billion, while operating profit decreased by 12.6% to R3.8 billion. Despite these declines, Barloworld declared a final dividend of 310 cents per share, totaling 520 cents for the year, a 4% increase from the previous year.
The company noted provisions of R180-million related to its acquisition of Barloworld Mongolia and R482-million for inventory and restructuring costs in Russia. Barloworld reduced its debt by 29%, bringing it down to R7.9-billion. The company is in talks with investors for a possible takeover, which could lead to its delisting from the JSE.