---
title: "Remgro FY2026 Earnings Jump 42% and Dividends Rise"
description: "Remgro reported FY2026 headline earnings per share up 42.2% and raised dividends, as portfolio changes and Maziv’s Herotel consolidation boosted cash."
canonical_url: "https://liners.com/news/remgro-fy2026-earnings-dividends-cash-herotel-maziv"
markdown_url: "https://liners.com/news/remgro-fy2026-earnings-dividends-cash-herotel-maziv.md"
type: "article"
language: "en"
published_at: "2026-09-18T20:44:29.641Z"
updated_at: "2026-09-18T20:44:32.983Z"
---

# Remgro FY2026 Earnings Jump 42% and Dividends Rise

Remgro reported FY2026 headline earnings per share up 42.2% and raised dividends, as portfolio changes and Maziv’s Herotel consolidation boosted cash.

## Breadcrumbs

- [News](/news)
- [Remgro FY2026 Earnings Jump 42% and Dividends Rise](/news/remgro-fy2026-earnings-dividends-cash-herotel-maziv)

## Content

## In Short
Remgro reported strong FY2026 results for the year ended 30 June 2026. Headline earnings per share rose 42.2% and the group declared higher dividends, including a special dividend.

## What Happened
Remgro said headline earnings increased 42.3% to R11.14 billion. Headline earnings per share rose to R20.03. The company said headline earnings included R1.023 billion in once-off items, and would have grown about 29% without them.

Remgro’s ordinary dividend increased 73.0% to 595 cents per share. It also declared a special dividend of 550 cents per share.

On cash generation, free cash flow at the centre rose 105.6% to R8.305 billion. Remgro said this was amplified by pre-implementation dividends of R3.055 billion received from CIVH after the CIVH and Vodacom and Herotel transactions. Adjusted free cash flow at the centre, which excludes special dividends linked to corporate actions, rose 28.6% to R4.953 billion.

Cash at the centre increased to R20.371 billion at 30 June 2026. Remgro said this strengthens financial flexibility, which is the capacity to fund deals or support portfolio companies without taking on expensive debt.

Remgro highlighted stronger contributions from several investee companies. It said Mediclinic’s contribution rose by R1.367 billion, including once-off profits of R805 million from its Swiss operating entity. Rainbow, CIVH, [OUTsurance](/outsurance), and Heineken Beverages also increased contributions due to improved operations.

Remgro also gave an update on telecom infrastructure assets. It said [Herotel](/herotel) has been consolidated under Maziv after the Herotel transaction. The deal involved Maziv acquiring an additional 49.93% interest in Herotel at a floor value of R2.750 billion in exchange for newly issued Maziv shares.

## Why It Matters
For South Africa’s investment market, Remgro’s result signals that large holding companies can still grow earnings and return more cash to shareholders, even with pressure on consumers and volatile global conditions.

For the local connectivity sector, the Maziv and Herotel consolidation matters because it can shape how capital is deployed into fibre-to-the-home and last-mile broadband. Consolidation can also affect pricing, network build speed, and competition among internet service providers.

Finally, a higher cash balance at the centre gives Remgro more room to act. In practice, that can mean quicker acquisitions, follow-on investments, or share buybacks when valuations are attractive.

## Sources and products

- [remgro.com](https://www.remgro.com/uploads/2026/results-media-release-2026-ENG.pdf)
- [Herotel](/herotel)

## Related pages

- [Funding & Acquisitions](/news)

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