Prominent South African tech company shooting the lights out

Altron is set to release a strong set of results in its 2026 financial year, despite ongoing struggles in its IT Services segment.

Founded in 1965, Altron is one of South Africa’s largest technology companies, providing technology solutions to half of the top 100 companies listed on the JSE, including Vodacom, Capitec, Standard Bank and Implats.

On Tuesday, 24 February, Altron released an operational update outlining its expectations for the year ended 28 February 2026.

In this update, the company said it expects its earnings per share and headline earnings per share to grow by over 30% compared to 2025.

Altron explained that its operational momentum in the first half of the financial year provided a solid foundation for a stronger performance in the second half.

In the first half of its 2026 financial year, the company reported a 1% decline in revenue and an 11% increase in net profit after tax from its continuing operations.

In the latest operational update, Altron said its continuing operations delivered low double-digit EBITDA growth in the year to date and operating profit growth of more than 20%. 

“The group’s performance is attributable to disciplined focus on execution of its strategy across all businesses and reflects the benefit of a robust and diversified portfolio, despite varying operating conditions,” the company said.

A standout performer in these results is Altron’s Platforms segment, which includes vehicle tracking company Netstar, Altron FinTech, and Altron HealthTech.

This segment contributed around 45% of the group’s revenue, and about 90% of both EBITDA and operating profit.

However, the company noted that this strong performance was offset by a decrease in revenue in its IT Services segment.

“The constrained operating environment for IT Services persisted in H2 FY2026 and is in line with market trends observed in South Africa and globally,” the company explained.

In light of this industry trend, Altron has been deploying its capital into higher-margin, annuity-revenue growth opportunities, such as its Platforms segment, which has also aided its cash flow.

Altron’s 2026 financial year results are expected to be released on or about 25 May 2026, with the company set to host a capital markets day in June 2026.