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10-year performance

A decade of disciplined growth since our 2016 listing. Revenue compounded at 8,9%, HEPS at 10%, and distributions to shareholders at 19% through cycles, currencies, and a pandemic.

Period

Revenue and trading profit

Revenue 8,9% CAGR Trading profit 11,3% CAGR since listing

HEPS and dividends per share

HEPS 10% CAGR Dividends 19% CAGR since listing

Per-share figures on a normalised continuing-operations basis consistent with the most recent investor presentation.

Trading margin

+183bps improvement since F2016 listing

Returns: ROFE / ROE / ROIC

ROFE +600bps since listing ROIC 12,8% → 15,2% improving ~200bps annually
F2025
ROFE 53,4%
ROE 17,6%
ROIC 15,2%

ROFE +600bps since listing. ROIC grew from 12,8% (F2016) to 15,2% (F2025), improving at ~200bps annually.

Share price (BID:JSE)

Segmental contribution

Europe has grown from 19% to approximately 37% of group trading profit since listing – Bidcorp's most significant geographic shift of the decade.

Reporting basis

Per-share figures are shown on a continuing-operations basis consistent with the most recent investor presentation. ROFE and ROE are reported from F2018 onwards, the period for which comparable figures have been disclosed. ROIC is shown throughout (F2016–F2025): F2016 and F2025 are confirmed from Bidcorp's H1 F2026 investor presentation (slide 30); intermediate years are interpolated from the returns chart trendline (slide 21). Historical figures may differ from original audited reports due to subsequent restatements (notably the F2018 classification of UK logistics as a discontinued operation). For original audited figures, see individual annual reports in the reports archive.

ROFE – what we measure

Bidcorp uses return on funds employed (ROFE), excluding freehold properties, as its primary measure of capital efficiency. ROFE calculates trading profit as a percentage of the capital invested in operating the business. ROFE has grown by 600 basis points since listing, reflecting management's effectiveness in generating returns while growing.