61-year old South African tech company set to boom

Altron expects to release strong results for its 2026 financial year, with earnings set to rise by as much as 87%.

This follows strong operational momentum in the first half of the financial year, which provided a solid foundation for stronger performance in the second half.

Altron was founded in 1965, making it one of South Africa’s oldest tech companies. It is also among South Africa’s largest, providing technology solutions to half of the top 100 companies listed on the JSE.

Some of its clients include Vodacom, Capitec, Standard Bank and Impala Platinum.

On Thursday, 7 May, the company released a trading update outlining its earnings expectations for the financial year through February 2026.

This update showed that Altron expects a significant jump in both earnings per share (EPS) and headline earnings per share (HEPS) for the 2026 financial year, as follows:

• EPS from continuing operations up between 31% and 37%
• HEPS from continuing operations up between 31% and 37%
• EPS from group operations up between 68% and 74%
• HEPS from group operations up between 82% and 87%

In an earlier trading statement released on 24 February, the group explained that its 2026 financial year benefited from a stronger second half.

In the first half of the financial year, Altron’s revenue declined by 1% while its net profit after tax increased by 11%.

However, this first half was marked by strong operational gains, which showed through in the financial results for the second half.

“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.

The group’s Platforms segment, which includes vehicle tracking company Netstar, performed remarkably well.

This division only contributed 45% of the group’s revenue, but about 90% of its EBITDA and operating profit.

In contrast, Altron’s IT Services segment came under pressure in the financial year, which the company attributed to a constrained operating environment for these services.

Altron’s full-year results are expected to be released on 25 May 2026.