South African tech giant that doubled investors’ money in 5 years gives R500 million gift to shareholders

Altron has reported bumper results for its 2026 financial year and declared a special dividend for shareholders

Altron is among South Africa’s largest JSE-listed tech companies, providing solutions to half of the top 100 companies listed on the bourse, including giants like Vodacom, Capitec, and Standard Bank.

The company’s share price has performed exceptionally well over the past five years, up over 113% since 2021.

On Monday, 25 May, Altron released its results for the year ended 28 February 2026, which revealed an excellent financial performance.

The company’s revenue from continuing operations rose by a modest 0.51% to R9.64 billion, while its operating profit rose by 25.82% to R1.07 billion.

Altron reported a net profit for the year from total operations of R741 million, up 78.55% from 2025. Basic earnings per share from total operations rose by 84.47% to 190 cents per share.

Altron’s headline earnings per share increased by 34% to 239 cents, which the company said was supported by its strong balance sheet and cash flow generation of R1.9 billion.

“The operational momentum established in the first half of the year provided a solid foundation for an even stronger second-half performance,” CEO Werner Kapp said.

From a segmental perspective, Altron’s performance was uneven, with its strong Platforms segment offsetting a weaker performance in IT Services.

Altron’s Platforms segment, which includes Netstar, Altron FinTech, and Altron HealthTech, reported a 12% increase in revenue to R4.42 billion, and a 21% jump in EBITDA before capital items to R1.83 billion.

The IT Services division, which includes Altron Digital Business, Altron Security and Altron Document Solutions, saw revenue decline by 5% to R4.78 billion and EBITDA before capital items down 17% to R255 million.

Altron’s smallest division, its Distribution segment, saw revenue decline by 13% to R581 million, while EBITDA before capital items plunged by 52% to R33 million.

Overall, the strong performance of the Platforms segment offset the weaker performance in other divisions, allowing Altron’s group EBITDA before capital items from continuing operations to rise by 10% to just over R2 billion.

On the back of these strong results, Altron was able to increase its final ordinary dividend by 44% to 72 cents per share and declare a special dividend of 120 cents per share. This amounts to a R500 million special dividend.