Super Group posts $1.43 billion H1 2026 revenue despite UK headwinds

Super Group, the diversified mobility, supply chain and dealership group, reported revenue of $1.43 billion for the six months ended Dec. 31, 2025, amid a sharp surge in earnings as its South African and European operations gathered momentum.

The Group’s recently released report reflects disciplined cost control and a stronger business mix. Despite macroeconomic pressure in the U.K. automotive logistics segment, the diversified mobility and logistics group delivered improved profitability from continuing operations, reinforcing earnings momentum heading into the second half of its 2026 financial year.

Earnings growth outpaces revenue expansion
The group posted revenue of R22.68 billion ($1.43 billion) for the six months ended Dec. 31, 2025, a 7%  increase from R21.2 billion ($1.33 billion) a year earlier, as its supply chain and South African dealership businesses powered growth.

EBITDA rose 5.9% to R1.96 billion ($123.28 million), while operating profit advanced 8.7% to R1.1 billion ($69.15 billion), reflecting stronger operational leverage across core divisions. Profit before tax climbed 24.8% to R834 million. Headline earnings per share from continuing operations jumped 28% to R1.554, while earnings per share rose 26.1% to R1.575.

Profit comparison and discontinued operations
Profit after tax from continuing operations increased to R602.2 million ($37.86 million) from R483.4 million ($30.39 million). However, discontinued operations recorded a loss of R460.7 million ($28.96 million) compared with a loss of R595 million ($37.41 million) a year earlier.

As a result, total profit for the period stood at R141.5 million ($8.9 million), sharply lower than the R1.08 billion ($67.9 million) reported in the prior year, which included significant discontinued gains.

The group classified AMCO as held-for-sale under rules governing assets classified for sale following continued deterioration in the U.K. automotive logistics segment, recording an impairment of R382 million ($24.01 million).

Segment performance drives momentum
Supply Chain contributed 45.9% of revenue, while Dealerships accounted for 51.2% and Fleet Solutions 2.9%. In Spain, Ader delivered standout performance, with revenue rising 17.2% to R1.32 billion ($82.99 million) and EBITDA surging 225.6% to R83.3 million ($5.24 million), supported by strong demand in home delivery and logistics services.

Dealerships South Africa outperformed the broader automotive market, benefiting from strong growth in emerging Chinese and Indian vehicle brands. Cash generated from operations rose 39.4% to R710.9 million ($44.7 million), strengthening balance sheet resilience.

Balance sheet and outlook
Super Group, founded in 1991, provides leading logistics and mobility solutions across sub-Saharan Africa, the United Kingdom (UK) and Europe. Headquartered in South Africa and listed on the JSE Limited, the Group partners with blue-chip clients across multiple industries.

Total assets declined 6.6% to R35.97 billion ($2.26 billion) following vehicle replacements and debt settlements, including R800 million ($50.27 million) in corporate bonds. Net tangible asset value per share rose 7.4% to R28.26 ($1.77).

Despite macroeconomic headwinds in Europe and restructuring in the U.K., Super Group expects improved earnings from continuing operations for the full year ending June 2026.