Sephaku stock faces cement import test as FY 2026 revenue rises

Published on 09/30/2026 at 19:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sephaku Holdings reported ZAR 1.29 billion in FY 2026 revenue and net income growth of 26.87 percent. Cement imports add a regulatory catalyst.

Sephaku, ZAE000138459, Illustration mit AI erstellt.

Sephaku stock, linked to ISIN ZAE000138459, had a JSE market capitalization of ZAR 360.2 million on September 29, 2026. The company enters the latest trading session with FY 2026 growth figures and a regulatory development affecting South African cement producers.

Revenue reaches ZAR 1.29 billion

According to Sustainability Reports, Sephaku generated revenue of ZAR 1.29 billion in fiscal year 2026, covering April 1, 2025, through March 31, 2026. The report also described record results from Métier Mixed Concrete, the group's wholly owned ready-mixed concrete business.

Investing.com reported FY 2026 net income of ZAR 93.31 million, compared with ZAR 73.55 million in FY 2025, an increase of 26.87 percent. Revenue rose from ZAR 1.18 billion in FY 2025 to ZAR 1.29 billion in FY 2026, a 9.18 percent increase, according to the same financial summary.

Cement imports create a regulatory test

The current operating issue is the investigation into cement imports from Mozambique and Vietnam. Nairametrics reported on September 30, 2026, that Sephaku Cement was among local producers supporting the case before South Africa's International Trade Administration Commission.

BusinessDay said ITAC found prima facie dumping margins of 90 percent for cement from Mozambique and 37 percent for Vietnamese material. The finding starts an investigation rather than delivering a final duty decision, so the potential benefit to local producers remains tied to the outcome of the process.

JSE valuation stays small

Finance market data put Sephaku's JSE quote at ZAc 156.00 on September 29, 2026 at 4:21 p.m. SAST, with a 52-week range of ZAc 135.00 to ZAc 273.00. The market capitalization of ZAR 360.2 million places the company among the smaller listed construction-materials names, while the FY 2026 earnings comparison supplies a stronger operating reference than the share price alone.

Shareholder structure remains defined

Sharenet reported on September 11, 2026, that 254,486,436 ordinary shares were issued as of the September 4 voting record date. Sephaku Holdings owns 100 percent of Métier Mixed Concrete and holds a 36 percent stake in Dangote Cement South Africa, giving the group exposure to both ready-mixed concrete and cement.