Cash flow PPC Ltd

Stocks

PPC

ZAE000170049

Construction Materials

End-of-day quote Johannesburg S.E. Other stock markets 29/06/2026			5-day change	1st Jan Change
7.870 ^ZAR	-1.13%		-7.19%	+40.79%

06-09	PPC Ltd, 2026 Earnings Call, Jun 08, 2026
06-08	PPC Ltd announces Annual dividend, payable on June 29, 2026	CI

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Published financial data: PPC LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	9.88B	9.9B	10.06B	9.87B	10.26B
Total Revenues	9.88B	9.9B	10.06B	9.87B	10.26B
Cost of Goods Sold, Total	8.35B	8.34B	8.41B	7.92B	8.06B
Gross Profit	1.53B	1.56B	1.65B	1.95B	2.19B
Selling General & Admin Expenses, Total	1.06B	1.08B	1.04B	950M	764M
Provision for Bad Debts	-	-	-	-	-
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses	-49M	23M	-5M	17M	-46M
Other Operating Expenses, Total	1.01B	1.1B	1.03B	967M	718M
Operating Income	522M	456M	618M	982M	1.47B
Interest Expense, Total	-240M	-165M	-122M	-99M	-79M
Interest And Investment Income	10M	27M	42M	63M	58M
Net Interest Expenses	-230M	-138M	-80M	-36M	-21M
Income (Loss) On Equity Invest.	-	23M	-	-	-
Currency Exchange Gains (Loss)	-	56M	-45M	-16M	-210M
Other Non Operating Income (Expenses)	2M	-10M	-6M	30M	-2M
EBT, Excl. Unusual Items	294M	387M	487M	960M	1.24B
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-42M	-	-	-
Gain (Loss) On Sale Of Investments	38M	-18M	13M	-5M	5M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-38M	-103M	-267M	-181M	3M
Other Unusual Items	-108M	-131M	-	-	-
EBT, Incl. Unusual Items	186M	93M	233M	774M	1.25B
Income Tax Expense	207M	242M	145M	308M	388M
Earnings From Continuing Operations	-21M	-149M	88M	466M	859M
Earnings Of Discontinued Operations	158M	-425M	422M	-	-
Net Income to Company	137M	-574M	510M	466M	859M
Minority Interest	-49M	-93M	-104M	-	-29M
Net Income - (IS)	88M	-667M	406M	466M	830M
Net Income to Common Incl Extra Items	88M	-667M	406M	466M	830M
Net Income to Common Excl. Extra Items	-70M	-242M	-16M	466M	830M
Per Share Items
Net EPS - Basic	0.06	-0.44	0.27	0.32	0.56
Basic EPS - Continuing Operations	-0.05	-0.16	-0.01	0.32	0.56
Basic Weighted Average Shares Outstanding	1.54B	1.52B	1.5B	1.47B	1.47B
Net EPS - Diluted	0.05	-0.44	0.27	0.32	0.56
Diluted EPS - Continuing Operations	-0.05	-0.16	-0.01	0.32	0.56
Diluted Weighted Average Shares Outstanding	1.54B	1.53B	1.5B	1.47B	1.47B
Normalized Basic EPS	0.09	0.1	0.13	0.41	0.51
Normalized Diluted EPS	0.09	0.1	0.13	0.41	0.51
Dividend Per Share	-	-	0.14	0.18	0.3
Payout Ratio	-	-	-	150.86	31.57
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	1.49B	1.31B	1.18B	1.5B	1.99B
EBITA	522M	478M	627M	990M	1.48B
EBIT	522M	456M	618M	982M	1.47B
EBITDAR	-	1.32B	1.19B	-	1.99B
Effective Tax Rate - (Ratio)	111.29	260.22	62.23	39.79	31.11
Current Domestic Taxes	-	39M	114M	226M	210M
Current Foreign Taxes	-	132M	184M	209M	259M
Total Current Taxes	-	171M	298M	435M	469M
Deferred Domestic Taxes	-	-5M	-116M	-104M	-65M
Deferred Foreign Taxes	-	76M	-37M	-23M	-16M
Total Deferred Taxes	-	71M	-153M	-127M	-81M
Normalized Net Income	135M	149M	200M	600M	745M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	-	143M	111M	83M	66M
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	-	13M	1M	-	1M
Imputed Operating Lease Interest Expense	-	11.81M	890K	-	927K
Imputed Operating Lease Depreciation	-	1.19M	110K	-	73.32K
Stock-Based Comp., Other (Total)	-	27M	28M	42M	54M
Total Stock-Based Compensation	-	27M	28M	42M	54M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	577M	424M	857M	872M	1.09B
Total Cash And Short Term Investments	577M	424M	857M	872M	1.09B
Accounts Receivable, Total	1.01B	758M	693M	593M	647M
Other Receivables	43M	160M	164M	113M	59M
Total Receivables	1.05B	918M	857M	706M	706M
Inventory	1.08B	1.29B	1.36B	1.22B	1.39B
Prepaid Expenses	-	130M	124M	193M	403M
Other Current Assets, Total	2.46B	8M	3M	1M	36M
Total Current Assets	5.17B	2.77B	3.2B	2.99B	3.63B
Gross Property Plant And Equipment	18.16B	16.2B	14.06B	14.26B	15.02B
Accumulated Depreciation	-8.83B	-8.8B	-8.03B	-8.6B	-8.85B
Net Property Plant And Equipment	9.32B	7.4B	6.04B	5.67B	6.17B
Long-term Investments	-	41M	55M	49M	41M
Goodwill	37M	-	-	-	5M
Other Intangibles, Total	113M	85M	68M	61M	56M
Loans Receivable Long-Term	-	24M	-	15M	12M
Deferred Tax Assets Long-Term	26M	27M	42M	20M	-
Other Long-Term Assets, Total	198M	144M	156M	212M	196M
Total Assets	14.87B	10.49B	9.56B	9.02B	10.11B
Liabilities
Accounts Payable, Total	1.26B	946M	887M	955M	1.28B
Accrued Expenses, Total	-	284M	382M	532M	513M
Short-term Borrowings	205M	6M	4M	2M	50M
Current Portion of Long-Term Debt	226M	331M	550M	-	-
Current Portion of Leases	21M	28M	37M	40M	86M
Current Income Taxes Payable	61M	57M	95M	103M	133M
Unearned Revenue Current, Total	-	6M	1M	4M	1M
Other Current Liabilities	3.13B	67M	65M	36M	423M
Total Current Liabilities	4.9B	1.72B	2.02B	1.67B	2.48B
Long-Term Debt	1.15B	853M	225M	500M	500M
Long-Term Leases	38M	42M	117M	101M	85M
Pension & Other Post Retirement Benefits	-	14M	16M	16M	16M
Deferred Tax Liability Non Current	1.65B	1.34B	1.13B	917M	792M
Other Non Current Liabilities	211M	173M	148M	122M	153M
Total Liabilities	7.96B	4.14B	3.66B	3.33B	4.03B
Common Stock, Total	4.58B	4.54B	4.35B	4.38B	4.34B
Retained Earnings	7.05B	8B	8.82B	8.58B	9.16B
Comprehensive Income and Other	-4.59B	-6.82B	-7.2B	-7.2B	-7.35B
Total Common Equity	7.03B	5.72B	5.97B	5.76B	6.16B
Minority Interest	-121M	617M	-73M	-75M	-77M
Total Equity	6.91B	6.34B	5.9B	5.69B	6.08B
Total Liabilities And Equity	14.87B	10.49B	9.56B	9.02B	10.11B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.58B	1.52B	1.53B	1.53B	1.53B
ECS Total Common Shares Outstanding	1.58B	1.52B	1.53B	1.53B	1.53B
Book Value / Share	4.45	3.76	3.91	3.76	4.02
Tangible Book Value	6.88B	5.64B	5.9B	5.7B	6.09B
Tangible Book Value Per Share	4.36	3.7	3.87	3.72	3.98
Total Debt	1.64B	1.26B	933M	643M	721M
Net Debt	1.06B	836M	76M	-229M	-368M
Debt Equivalent Oper. Leases	-	104M	8M	-	8M
Minority Interest, Total (Incl. Fin. Div)	-121M	617M	-73M	-75M	-77M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	674M	847M	752M	715M	714M
Inventories - Work In Process, Total	201M	237M	367M	267M	401M
Inventories - Finished Goods, Total	439M	454M	496M	519M	462M
Inventories - Others	-	-	-	-	-
Land - (BS)	3.17B	2.65B	2.6B	2.58B	2.5B
Buildings, Total	-	-	-	-	-
Machinery, Total	14.58B	13.16B	10.97B	11.16B	11.91B
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	91M	75M	91M	36M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	88M	-667M	406M	466M	830M
Depreciation & Amortization - CF	971M	868M	598M	556M	589M
Amortization of Goodwill and Intangible Assets - (CF)	-	22M	9M	8M	10M
Depreciation & Amortization, Total	971M	890M	607M	564M	599M
Amortization of Deferred Charges, Total - (CF)	-	13M	16M	10M	8M
(Gain) Loss From Sale Of Asset	-	9M	9M	-20M	-129M
(Gain) Loss on Sale of Investments - (CF)	-	-23M	-	-	-
Asset Writedown & Restructuring Costs	-	154M	258M	181M	-3M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	27M	28M	42M	54M
Provision and Write-off of Bad Debts	-	-	-	-	-51M
Net Cash From Discontinued Operations	-174M	36M	183M	-	-
Other Operating Activities, Total	160M	676M	-418M	-164M	195M
Change In Accounts Receivable	-	-102M	-37M	75M	-174M
Change In Inventories	-	-359M	-319M	49M	-227M
Change In Accounts Payable	-	187M	73M	207M	303M
Cash from Operations	1.04B	841M	806M	1.41B	1.4B
Capital Expenditure	-553M	-415M	-400M	-373M	-827M
Sale of Property, Plant, and Equipment	27M	5M	24M	12M	148M
Cash Acquisitions	-	-	-	-	-18M
Divestitures	-	-	656M	-	-
Sale (Purchase) of Intangible assets	-18M	-18M	-8M	-4M	-4M
Investment in Marketable and Equity Securities, Total	-	15M	-	2M	1M
Other Investing Activities, Total	472M	-121M	-29M	2M	-70M
Cash from Investing	-72M	-534M	243M	-361M	-770M
Long-Term Debt Issued, Total	1B	3M	-	-	48M
Total Debt Issued	1B	3M	-	-	48M
Long-Term Debt Repaid, Total	-2B	-475M	-184M	-314M	-76M
Total Debt Repaid	-2B	-475M	-184M	-314M	-76M
Issuance of Common Stock	-	-	-	5M	1M
Repurchase of Common Stock	-21M	-36M	-223M	-10M	-87M
Common Dividends Paid	-	-	-	-703M	-262M
Common & Preferred Stock Dividends Paid	-	-	-	-703M	-262M
Other Financing Activities, Total	42M	-210M	-197M	-3M	-31M
Cash from Financing	-979M	-718M	-604M	-1.02B	-407M
Foreign Exchange Rate Adjustments	-100M	71M	-12M	-9M	-11M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-106M	-340M	433M	15M	217M
Supplemental Items
Cash Interest Paid	224M	160M	124M	98M	78M
Cash Income Tax Paid (Refund)	11M	145M	185M	419M	439M
Levered Free Cash Flow	1.09B	303M	627M	1.21B	998M
Unlevered Free Cash Flow	1.24B	406M	703M	1.27B	1.05B
Change In Net Working Capital	-513M	376M	-74M	-420M	-297M
Net Debt Issued / Repaid	-1B	-472M	-184M	-314M	-28M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	2.13	2.21	3.85	6.61	9.62
Return on Total Capital	3.63	3.43	5.35	9.33	14.01
Return On Equity %	-0.31	-2.17	1.44	8.04	14.6
Return on Common Equity	-1.01	-3.7	-0.27	7.94	13.93
Margin Analysis
Gross Profit Margin %	15.48	15.74	16.39	19.74	21.36
SG&A Margin	10.7	10.91	10.3	9.62	7.45
EBITDA Margin %	15.11	13.24	11.78	15.23	19.41
EBITA Margin %	5.28	4.83	6.23	10.03	14.45
EBIT Margin %	5.28	4.61	6.14	9.95	14.35
Income From Continuing Operations Margin %	-0.21	-1.5	0.87	4.72	8.38
Net Income Margin %	0.89	-6.74	4.04	4.72	8.09
Net Avail. For Common Margin %	-0.71	-2.44	-0.16	4.72	8.09
Normalized Net Income Margin	1.36	1.5	1.99	6.08	7.27
Levered Free Cash Flow Margin	11.02	3.06	6.23	12.27	9.73
Unlevered Free Cash Flow Margin	12.54	4.1	6.99	12.89	10.21
Asset Turnover
Asset Turnover	0.64	0.77	1	1.06	1.07
Fixed Assets Turnover	1.04	1.18	1.5	1.69	1.73
Receivables Turnover (Average Receivables)	9.89	13.71	13.86	15.35	16.54
Inventory Turnover (Average Inventory)	7.61	7.03	6.37	6.16	6.18
Short Term Liquidity
Current Ratio	1.05	1.6	1.58	1.79	1.46
Quick Ratio	0.33	0.78	0.85	0.94	0.72
Operating Cash Flow to Current Liabilities	0.21	0.49	0.4	0.84	0.57
Days Sales Outstanding (Average Receivables)	36.92	26.61	26.4	23.78	22.07
Days Outstanding Inventory (Average Inventory)	47.98	51.89	57.5	59.3	59.11
Average Days Payable Outstanding	53.11	38.46	39.57	43.18	49.42
Cash Conversion Cycle (Average Days)	31.79	40.04	44.33	39.9	31.76
Long Term Solvency
Total Debt/Equity	23.73	19.87	15.82	11.3	11.86
Total Debt / Total Capital	19.18	16.57	13.66	10.16	10.6
LT Debt/Equity	17.19	14.11	5.8	10.57	9.62
Long-Term Debt / Total Capital	13.89	11.77	5.01	9.49	8.6
Total Liabilities / Total Assets	53.51	39.53	38.28	36.91	39.86
EBIT / Interest Expense	2.18	2.76	5.07	9.92	18.63
EBITDA / Interest Expense	6.22	8.16	10.04	15.62	26.22
(EBITDA - Capex) / Interest Expense	3.92	5.64	6.76	11.85	15.75
Total Debt / EBITDA	1.1	0.94	0.76	0.42	0.35
Net Debt / EBITDA	0.71	0.62	0.06	-0.15	-0.18
Total Debt / (EBITDA - Capex)	1.74	1.35	1.13	0.55	0.58
Net Debt / (EBITDA - Capex)	1.13	0.9	0.09	-0.2	-0.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.56	0.2	20.61	-1.86	3.89
Gross Profit, 1 Yr. Growth %	-25.76	1.9	48.83	18.19	12.37
EBITDA, 1 Yr. Growth %	-12.38	-9.34	41.75	26.73	32.56
EBITA, 1 Yr. Growth %	-50.33	-10.99	386.05	57.64	49.85
EBIT, 1 Yr. Growth %	-50.33	-12.64	437.39	58.64	50.05
Earnings From Cont. Operations, 1 Yr. Growth %	-102.05	609.52	-126.83	429.55	84.33
Net Income, 1 Yr. Growth %	-53.44	1.01K	-160.87	14.78	78.11
Normalized Net Income, 1 Yr. Growth %	-76.05	-22.21	-594.75	199.44	24.23
Diluted EPS Before Extra, 1 Yr. Growth %	-105.67	4.18K	-95.87	-2.88K	76.38
Accounts Receivable, 1 Yr. Growth %	1.31	10.5	-8.58	-14.43	9.11
Inventory, 1 Yr. Growth %	-2.34	18.62	5.28	-10.04	14.27
Net Property, Plant and Equip., 1 Yr. Growth %	-3.78	-20.65	-18.39	-6.13	8.84
Total Assets, 1 Yr. Growth %	-5.95	-31.58	-8.89	-5.64	12.09
Tangible Book Value, 1 Yr. Growth %	2.78	-21.67	4.65	-3.39	6.87
Common Equity, 1 Yr. Growth %	2.16	-22.11	4.28	-3.47	6.8
Cash From Operations, 1 Yr. Growth %	-23.39	-19.52	-4.16	74.94	-0.35
Capital Expenditures, 1 Yr. Growth %	50.68	-24.95	8.7	-6.75	121.72
Levered Free Cash Flow, 1 Yr. Growth %	-22.53	-54.51	1.13K	93.12	-17.61
Unlevered Free Cash Flow, 1 Yr. Growth %	-21.71	-49.46	481.8	80.82	-17.7
Dividend Per Share, 1 Yr. Growth %	-	-	-	28.47	71.59
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.75	5.25	0.89	8.8	0.97
Gross Profit, 2 Yr. CAGR %	-9.76	-13.03	3.82	32.63	15.24
EBITDA, 2 Yr. CAGR %	5.91	-8.44	-9.47	34.08	29.57
EBITA, 2 Yr. CAGR %	-7.87	-34.02	8.06	177.03	53.62
EBIT, 2 Yr. CAGR %	-5.46	-34.13	8.81	192.22	54.21
Earnings From Cont. Operations, 2 Yr. CAGR %	-82.4	-61.84	104.71	19.19	212.43
Net Income, 2 Yr. CAGR %	-78.32	87.86	160.13	-16.41	42.98
Normalized Net Income, 2 Yr. CAGR %	-61.79	-49.04	2.32	284.9	92.87
Diluted EPS Before Extra, 2 Yr. CAGR %	-33.21	-57.4	74.77	7.2	600.32
Accounts Receivable, 2 Yr. CAGR %	10.43	-0.13	0.51	-11.55	-3.38
Inventory, 2 Yr. CAGR %	-17.55	7.63	11.75	-2.68	1.39
Net Property, Plant and Equip., 2 Yr. CAGR %	-13.25	-12.62	-19.53	-12.48	1.08
Total Assets, 2 Yr. CAGR %	-6.74	-18.55	-21.05	-7.28	2.84
Tangible Book Value, 2 Yr. CAGR %	-2.73	-8.22	-9.46	0.55	1.61
Common Equity, 2 Yr. CAGR %	-4.93	-8.8	-9.88	0.33	1.54
Cash From Operations, 2 Yr. CAGR %	50.23	-21.48	-12.18	29.48	32.03
Capital Expenditures, 2 Yr. CAGR %	0.09	6.34	-14.95	0.68	43.79
Levered Free Cash Flow, 2 Yr. CAGR %	128.36	-52.18	-2.95	387.86	26.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	729.74	-47.94	-6.43	224.49	21.96
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	48.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.98	4.52	4.01	-0.04	7.14
Gross Profit, 3 Yr. CAGR %	-8.65	-6.03	-7.16	8.4	25.5
EBITDA, 3 Yr. CAGR %	-7.48	-0.5	-8.84	1.3	33.54
EBITA, 3 Yr. CAGR %	-17.42	-8.06	-17.04	22.62	125.64
EBIT, 3 Yr. CAGR %	-16.23	-7.92	-16.22	23.45	133.92
Earnings From Cont. Operations, 3 Yr. CAGR %	-49.39	-39.65	-55.86	181.01	37.84
Net Income, 3 Yr. CAGR %	-27.92	-29.11	29.03	98.04	7.56
Normalized Net Income, 3 Yr. CAGR %	4.71	-45.56	-29.56	46.36	164.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-30.66	12.6	-76.52	339.58	26.55
Accounts Receivable, 3 Yr. CAGR %	3.36	-2.78	-3.03	-4.74	-5.14
Inventory, 3 Yr. CAGR %	-5.26	-6.92	6.84	3.96	2.67
Net Property, Plant and Equip., 3 Yr. CAGR %	-9.55	-15.79	-14.59	-15.29	-5.88
Total Assets, 3 Yr. CAGR %	-5.56	-15.03	-15.45	-16.21	-1.23
Tangible Book Value, 3 Yr. CAGR %	-5.3	-8.13	-4.12	-7.48	2.61
Common Equity, 3 Yr. CAGR %	-7.55	-9.72	-4.63	-7.79	2.44
Cash From Operations, 3 Yr. CAGR %	-5.97	22.01	-16.08	10.5	18.66
Capital Expenditures, 3 Yr. CAGR %	-10.56	-9.07	2.91	-12.3	30.98
Levered Free Cash Flow, 3 Yr. CAGR %	36.4	13.19	-22.07	22.07	169.66
Unlevered Free Cash Flow, 3 Yr. CAGR %	15.09	182.54	-22.28	16.58	105.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.5	-0.73	-0.85	2.63	2.79
Gross Profit, 5 Yr. CAGR %	-7.68	-7.86	-3.85	0.73	1.22
EBITDA, 5 Yr. CAGR %	-3.95	-6.21	-8.87	2.46	4.95
EBITA, 5 Yr. CAGR %	-13.63	-13.86	-7.52	9.99	6.18
EBIT, 5 Yr. CAGR %	-12.66	-13.76	-6.99	10.95	6.97
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.9	32.13	-11.49	-7.22	-3.43
Net Income, 5 Yr. CAGR %	-1.1	34.95	11.56	-24.28	34.44
Normalized Net Income, 5 Yr. CAGR %	-6.05	-16.51	11.29	-8.25	5.39
Diluted EPS Before Extra, 5 Yr. CAGR %	-8.97	10.15	-40.26	23.15	-8.68
Accounts Receivable, 5 Yr. CAGR %	0.22	-3.38	-5.32	-6.39	-3.17
Inventory, 5 Yr. CAGR %	-1.38	1.72	1.21	-5.25	4.63
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.74	-8.27	-13.68	-14.48	-8.64
Total Assets, 5 Yr. CAGR %	-3.79	-8.34	-11.55	-12.01	-8.56
Tangible Book Value, 5 Yr. CAGR %	-0.72	-4.18	-6.14	-4.75	-1.87
Common Equity, 5 Yr. CAGR %	-2.67	-5.92	-7.67	-5.83	-2.21
Cash From Operations, 5 Yr. CAGR %	4.14	-10.07	-8.5	24.95	0.59
Capital Expenditures, 5 Yr. CAGR %	-23.11	-14.74	-12.35	-7.54	17.64
Levered Free Cash Flow, 5 Yr. CAGR %	1.78	-11.78	7.87	42.12	-5.51
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.09	-15.41	-2.86	134.37	-6.91