By Terri-Ann Brouwers.
Spur Corporation reported higher earnings and a sharply increased dividend for the year ended 30 June 2025. Headline earnings rose 16.5% to R275.0 million, while headline earnings per share increased 16.8% to 339.88 cents.
Revenue grew 11.2% to R3 863.2 million and profit before income tax rose 17.5% to R401.7 million, according to the group’s Sens announcement released on 21 August 2025.
Franchised restaurant turnovers increased 8.3% to R11.5 billion. Cash generated from operations rose to R463.1 million, with unrestricted cash of R477.1 million at year-end. Return on equity increased to 31.7%.
The board declared a final gross cash dividend of 193.0 cents per share, taking the full-year dividend to 299 cents, up 40.4% year on year.
Group CEO Val Nichas said the company’s competitive position in casual dining hospitality remains central to the strategy. “In the current environment of constrained consumer spending, we supported sales through value-added campaigns, brand loyalty programmes, menu innovation and offering customer experiences that differentiate. Consumers crave value, care and memorable experiences that foster social connections,” she said.
Brand performance in South Africa included Spur up 4.8%, accounting for 64% of local sales, Panarottis up 13.6%, and RocoMamas up 5%. The speciality portfolio increased sales by 36.2%, supported by the Doppio Collection brands. International franchised restaurant sales increased by 7.8%; Mauritius represents 23% of international sales with Spur contributing 40%, Panarottis 34% and RocoMamas 26%.
Network growth saw the group trading through 724 restaurants in 14 countries at end-June 2025. In South Africa, 31 restaurants were opened and 15 closed. Internationally, 15 new restaurants were opened and eight closed. Spur noted continued brand refresh initiatives, with 51 Spur restaurants upgraded to the new identity and 55% of Panarottis outlets featuring the updated store design. A refreshed format has been introduced for John Dory’s, and enhanced designs are being implemented for The Hussar Grill and Doppio Zero.
The group plans to open 42 new restaurants in South Africa and 14 internationally in the 2026 financial year. “Our brands have not yet reached saturation in South Africa or beyond. We will continue expanding our presence on the African continent and are optimistic about the growth potential as casual dining continues to gain appeal,” Nichas concluded