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ADvTECH
On this page
Company details
- Legal name
- ADvTECH Limited
- Incorporated in
- South Africa
- Listing
- ADH on the A2X Markets, active · ISIN ZAE000031035 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · audited financial statements, signed / final · source
-
Revenue
ZAR 9.33 billion
9,330.4 ZAR millions · p22
+9.5% vs 2024
-
Operating profit / (loss)
ZAR 2.03 billion
2,028.6 ZAR millions · p22
+13.6% vs 2024
-
Profit / (loss) for the year
ZAR 1.33 billion
1,326.6 ZAR millions · p22
+15.2% vs 2024
-
Total assets
ZAR 11.3 billion
11,297 ZAR millions · p23
+4.8% vs 2024
-
Total equity
ZAR 6.73 billion
6,725 ZAR millions · p23
+8.8% vs 2024
-
Cash from operations
ZAR 1.39 billion
1,387.1 ZAR millions · p25
+33.9% vs 2024
Large amounts are rounded for reading (ZAR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZAR millions unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — audited financial statements, signed / final; reported for the year · source
- FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Revenue from contracts with customers | 9,330.4 | 8,520.6 |
| Placement costs1 | (1,184.6) | (1,253.2) |
| Staff costs | (3,627.3) | (3,256.3) |
| Rent and occupancy costs2 | (445.8) | (387.7) |
| Net credit losses | (158.6) | (195.3) |
| Share of (loss)/profit from joint venture | (0.4) | 0.4 |
| Other operating expenses | (1,374.3) | (1,202.7) |
| Depreciation and amortisation3 | (501.2) | (435.1) |
| Operating profit before interest and non-trading items4 | 2,038.2 | 1,790.7 |
| Non-trading items5 | (9.6) | (5.2) |
| Net loss on disposal of property, plant and equipment6 | (2.2) | (4.4) |
| Profit from early termination of leases7 | 0.7 | 1.6 |
| Corporate action costs8 | (2.1) | (2.4) |
| Impairment of joint venture9 | (6.0) | –10 |
| Operating profit before interest | 2,028.6 | 1,785.5 |
| Net finance costs11 | (194.8) | (204.3) |
| Interest earned | 19.4 | 32.8 |
| Finance costs incurred | (48.9) | (85.9) |
| Finance costs on lease liabilities12 | (165.3) | (151.2) |
| Profit before taxation | 1,833.8 | 1,581.2 |
| Taxation | (507.2) | (429.6) |
| Profit for the year | 1,326.6 | 1,151.6 |
| Non-controlling interests13 | 38.6 | 46.9 |
| Exchange (loss)/gain on translating foreign operations | (117.4) | 108.1 |
| Total comprehensive income for the year | 1,209.2 | 1,259.7 |
- Printed “-”, read as nil: subtotal_arithmetic: is.native.co_w92zyb3hrzxm.non_trading_items.
Notes and alternative reported figures (12)
- “Placement costs” is an issuer-specific line, not mapped to a shared definition: Operating cost line above EBITDA.
- “Rent and occupancy costs” is an issuer-specific line, not mapped to a shared definition: Operating cost line above EBITDA.
- “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Note 5: depreciation and amortisation combined.
- “Operating profit before interest and non-trading items” is an issuer-specific line, not mapped to a shared definition: Issuer subtotal.
- “Non-trading items” is an issuer-specific line, not mapped to a shared definition: Issuer subtotal of the four items printed beneath it.
- “Net loss on disposal of property, plant and equipment” is an issuer-specific line, not mapped to a shared definition: Note 5; non-trading item.
- “Profit from early termination of leases” is an issuer-specific line, not mapped to a shared definition: Note 5; non-trading item.
- “Corporate action costs” is an issuer-specific line, not mapped to a shared definition: Non-trading item.
- “Impairment of joint venture” is an issuer-specific line, not mapped to a shared definition: Note 18; non-trading item.
- “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Issuer subtotal: interest earned less finance costs incurred and finance costs on lease liabilities.
- “Finance costs on lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 6.3.
- “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Share of profit for the year attributable to non-controlling interests.
Balance sheet
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Property, plant and equipment | 7,469.8 | 6,684.8 |
| Proprietary technology systems1 | 178.1 | 173.4 |
| Right-of-use assets | 1,053.4 | 1,038.1 |
| Goodwill2 | 1,473.2 | 1,488.4 |
| Other intangible assets3 | 124.6 | 138.1 |
| Deferred taxation assets | 41.3 | 39.3 |
| Investment in joint venture | 5.4 | 11.8 |
| Non-current assets (unlabelled subtotal) | 10,345.8 | 9,573.9 |
| Inventories | 6.5 | 12.6 |
| Trade and other receivables | 525.3 | 506.2 |
| Taxation | –4 | 37.1 |
| Prepayments5 | 74.6 | 97.1 |
| Cash and cash equivalents | 344.8 | 509.4 |
| Current assets (unlabelled subtotal) | 951.2 | 1,162.4 |
| Non-current assets held for sale6 | –7 | 40.3 |
| Total assets | 11,297.0 | 10,776.6 |
| Stated capital | 1,595.8 | 1,595.8 |
| Shares held by the group (treasury shares)8 | (38.6) | (57.0) |
| Net stated capital9 | 1,557.2 | 1,538.8 |
| Share incentive reserve10 | 10.0 | 28.1 |
| Foreign currency translation reserve11 | (24.0) | 88.2 |
| Retained earnings | 5,177.2 | 4,489.8 |
| Equity attributable to owners of the parent | 6,720.4 | 6,144.9 |
| Non-controlling interests | 4.6 | 34.2 |
| Total equity | 6,725.0 | 6,179.1 |
| Long-term bank loans | 1.6 | 9.9 |
| Deferred taxation liabilities | 199.3 | 186.1 |
| Lease liabilities | 1,175.5 | 1,134.4 |
| Acquisition liabilities12 | 50.5 | 52.9 |
| Non-current liabilities (unlabelled subtotal) | 1,426.9 | 1,383.3 |
| Current portion of long-term bank loans13 | 0.7 | 600.7 |
| Short-term bank loans14 | 1,552.0 | 1,185.9 |
| Current portion of lease liabilities | 264.2 | 222.8 |
| Trade and other payables | 720.5 | 644.8 |
| Current portion of acquisition liabilities15 | 15.0 | 9.6 |
| Taxation | 18.1 | –16 |
| Fees received in advance and deposits17 | 570.7 | 533.1 |
| Shareholders for capital distribution18 | 0.8 | 0.8 |
| Shareholders for dividend | 3.1 | 16.5 |
| Current liabilities (unlabelled subtotal) | 3,145.1 | 3,214.2 |
| Total equity and liabilities | 11,297.0 | 10,776.6 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (15)
- “Proprietary technology systems” is an issuer-specific line, not mapped to a shared definition: Note 13 (non-current assets).
- “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 15.
- “Other intangible assets”: mapping to a shared definition is uncertain. Other intangible assets; goodwill and proprietary technology systems are printed separately (native).
- “Prepayments” is an issuer-specific line, not mapped to a shared definition: Current assets.
- “Non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 22.
- “Shares held by the group (treasury shares)” is an issuer-specific line, not mapped to a shared definition: Deducted from stated capital.
- “Net stated capital” is an issuer-specific line, not mapped to a shared definition: Stated capital less treasury shares.
- “Share incentive reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
- “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
- “Acquisition liabilities” is an issuer-specific line, not mapped to a shared definition: Note 28.
- “Current portion of long-term bank loans” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Short-term bank loans”: mapping to a shared definition is uncertain. Short-term bank loans; the current portion of long-term bank loans is printed separately (native).
- “Current portion of acquisition liabilities” is an issuer-specific line, not mapped to a shared definition: Note 28.
- “Fees received in advance and deposits”: mapping to a shared definition is uncertain. Fees received in advance (contract liabilities) together with deposits.
- “Shareholders for capital distribution” is an issuer-specific line, not mapped to a shared definition: Current liabilities.
Cash flow
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Cash generated from operations1 | 2,569.9 | 2,265.6 |
| Movement in working capital2 | 120.9 | (15.3) |
| Cash generated by operating activities | 2,690.8 | 2,250.3 |
| Net finance costs3 | (212.1) | (200.6) |
| interest received | 19.4 | 32.8 |
| finance costs paid | (42.8) | (75.6) |
| finance costs on lease liabilities | (165.3) | (151.2) |
| borrowing costs capitalised to assets4 | (23.4) | (6.6) |
| Taxation paid | (432.0) | (423.9) |
| Dividends paid5 | (659.6) | (589.7) |
| Net cash inflow from operating activities | 1,387.1 | 1,036.1 |
| to maintain operations6 | (264.0) | (313.0) |
| to expand operations7 | (728.0) | (591.2) |
| Additions to proprietary technology systems8 | (36.0) | (78.0) |
| Net cash consideration for business combination9 | (171.2) | (75.8) |
| Proceeds on disposal of property, plant and equipment | 60.0 | 30.0 |
| Net cash outflow from investing activities | (1,139.2) | (1,028.0) |
| Shares repurchased10 | (35.4) | (36.0) |
| Settlement of long-term bank loans11 | (605.7) | –12 |
| Settlement of short-term bank loans13 | (1,365.0) | (950.0) |
| Drawdowns of short-term bank loans | 1,730.0 | 1,175.0 |
| Repayment of principal portion of lease liabilities | (76.2) | (81.6) |
| Acquisition of additional shares in subsidiaries14 | (17.4) | –12 |
| Net cash (outflow)/inflow from financing activities | (369.7) | 107.4 |
| Net (decrease)/increase in cash and cash equivalents | (121.8) | 115.5 |
| Cash and cash equivalents at beginning of the year | 509.4 | 381.4 |
| Net foreign exchange difference on cash and cash equivalents | (42.8) | 12.5 |
| Cash and cash equivalents at end of the year | 344.8 | 509.4 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (13)
- “Cash generated from operations” is an issuer-specific line, not mapped to a shared definition: Note 33.1: printed 'Cash generated from operations', before the movement in working capital.
- “Movement in working capital” is an issuer-specific line, not mapped to a shared definition: Note 33.2.
- “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Operating activities: subtotal of the four lines printed beneath it.
- “borrowing costs capitalised to assets” is an issuer-specific line, not mapped to a shared definition: Operating activities, within net finance costs.
- “Dividends paid”: mapping to a shared definition is uncertain. Presented in operating activities; may include dividends to non-controlling interests (statement of changes in equity, p24).
- “to maintain operations” is an issuer-specific line, not mapped to a shared definition: Note 33.5; investing activities.
- “to expand operations” is an issuer-specific line, not mapped to a shared definition: Note 33.6; investing activities.
- “Additions to proprietary technology systems” is an issuer-specific line, not mapped to a shared definition: Note 13; investing activities.
- “Net cash consideration for business combination” is an issuer-specific line, not mapped to a shared definition: Note 35; investing activities.
- “Shares repurchased” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Settlement of long-term bank loans” is an issuer-specific line, not mapped to a shared definition: Note 25; financing activities.
- “Settlement of short-term bank loans” is an issuer-specific line, not mapped to a shared definition: Note 26; financing activities.
- “Acquisition of additional shares in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 35; financing activities.
Reported measures outside the statements
| Measure (as printed) | FY2025 | FY2024 |
|---|---|---|
| Earnings before Interest, Taxation, Depreciation and Amortisation | 2,539.4 p22 | 2,225.8 p22 |
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid |
(659.6) | ZAR millions | Audited financial statements, p25 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid |
(589.7) | ZAR millions | Audited financial statements, p25 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Advtech Limited Group and Company Audited Annual Financial Statements for the year ended 31 December 2025
Year ended 31 December 2025 · Audited financial statements · signed / final
Audit: Ernst & Young Inc., unmodified opinion · signed
Auditor's sign-off: Ernst & Young Inc., director Charles Edgar Trollope, registered auditor
Final status: Independent auditor's report on the consolidated and separate financial statements (opinion PDF p6) signed electronically (DocuSign signature 'Ernst & Young Inc.') for Ernst & Young Inc., director Charles Edgar Trollope, registered auditor, dated 20 March 2026 (PDF p12, page image). Annual financial statements approved by the board on 19 March 2026 and signed on its behalf by Geoff Whyte (Group CEO) and Hannes Boonzaaier (Group CFO), handwritten signatures visible (PDF p3, page image).
- Document date
- 20 Mar 2026
- Auditor's report
- 20 Mar 2026
- Board approval
- 19 Mar 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · ZAR millions (printed “R'm”)
- Comparative 2024 total comprehensive income attributable: the statement of other comprehensive income prints owners of the parent 1 211.3 and non-controlling interests 48.4 (p22), while the statement of changes in equity prints 1 212.8 and 46.9 (all 2024 OCI 108.1 to owners, p24). Totals agree (1 259.7). These attribution lines are not transcribed; recorded as printed.
- Statement of financial position subtotals for non-current assets, current assets, non-current liabilities and current liabilities are printed without labels; no total liabilities line is printed (p23).
- The statement of cash flows starts from 'Cash generated from operations' (2 569.9, note 33.1) before the movement in working capital; the printed 'Cash generated by operating activities' (2 690.8) is after working capital and is mapped to cash_generated_from_operations.
Technical details
- File
- 96 pages, with a text layer
- SHA-256
fbdd80ced9354a9ed7ad1508486b8e6402eaa7ab7db4f52a72b17f80748a0645- Entity as printed
- Advtech Limited (Registration number: 1990/001119/06) (PDF p1); 'ADvTECH Limited and its subsidiaries' in the auditor's report (PDF p6)
- Issuer copy
- retrieved 2026-10-08T18:46:01Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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