MultiChoice performance unpacked.
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GUEST - Mudiwa Gavaza - business writer for the Business Day and Financial Mail
Multichoice has declared a profit of R1.8 billion for the financial year ended 31 March 2025, with the group benefitting from selling its life insurance business and lower foreign exchange translation losses.
The profit marks a remarkable turn for the company, which declared massive losses of R2.9 billion in 2023 and a R4 billion loss in 2024.
The group said that the return to its favourable equity position came through cost savings and a stabilisation in currencies, benefiting from the rand’s appreciation against the dollar.
Multichoice has declared a profit of R1.8 billion for the financial year ended 31 March 2025, with the group benefitting from selling its life insurance business and lower foreign exchange translation losses.
The profit marks a remarkable turn for the company, which declared massive losses of R2.9 billion in 2023 and a R4 billion loss in 2024.
The group said that the return to its favourable equity position came through cost savings and a stabilisation in currencies, benefiting from the rand’s appreciation against the dollar.
