26-07-2025
Cashbuild share price drops despite fourth quarter revenue growth
Cashbuild reported single digit revenue growth from its building and related materials and product stores in the fourth quarter to July 2025..
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The share price of Cashbuild, the JSE-listed building materials and related products retail group, fell by 2.25% on Friday after it announced a 4% increase in revenue for the fourth quarter ending June 30.
In an operational update, the group noted that revenue growth was 3% when compared with the 304 stores that were in existence before July 2023. Revenue from 14 new stores opened by July 2025 contributed 1% to the growth.
The share price closed at R139 on Friday, which is approximately 17.8% lower than at the same time last year.
For the financial year, revenue for the group increased by 5%. Transactions through the tills during the fourth quarter rose by 6% compared to the same period last year, with existing stores contributing a 5% increase and new stores accounting for a 1% rise.
Selling inflation was recorded at 1.7% at the end of June 2025 compared to June 2024. The group's South African stores accounted for 82% of total sales.
During the fourth quarter, three new stores were opened, and a total of eight were opened over the full year. Four stores were closed in the fourth quarter, bringing the total closures for the year to 12: 11 P&L Hardware stores and one Cashbuild store.
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Additionally, the group refurbished 10 stores and upgraded 26 stores over the year, resulting in a total of 318 stores trading at the year-end.
In April, Cashbuild announced plans to acquire 60% of Allbuildco Holdings for R93 million, with the acquisition to be funded through cash reserves and existing overdraft facilities. 'Cashbuild believes that Allbuildco will provide the growth platform to target a customer base not previously serviced by Cashbuild,' directors stated at the time.
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