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Netcare

NTC · A2X Markets · Incorporated in South Africa · Consolidated statements

On this page
Company details
Legal name
Netcare Limited
Incorporated in
South Africa
Listing
NTC on the A2X Markets, active · ISIN ZAE000011953 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 September

Overview

Year ended 30 September 2024 · audited financial statements, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Key Audit Matters: 'We have determined that there are no key audit matters to communicate in respect of the consolidated and separate financial statements.' (p14).
Full wording and sources

  • Auditor's emphasis of matter

    Key Audit Matters: 'We have determined that there are no key audit matters to communicate in respect of the consolidated and separate financial statements.' (p14). No emphasis-of-matter or material-uncertainty paragraph.

    Source: Netcare Limited Audited Consolidated and Separate Annual Financial Statements for the year ended 30 September 2024 (dated 2024-11-22)

  • Revenue

    ZAR 25.2 billion

    25,202 ZAR millions · p16

    +6.3% vs 2023

  • Operating profit / (loss)

    ZAR 3.16 billion

    3,159 ZAR millions · p16

    +16.3% vs 2023

  • Profit / (loss) for the year

    ZAR 1.55 billion

    1,547 ZAR millions · p16

    +15.8% vs 2023

  • Total assets

    ZAR 28.4 billion

    28,391 ZAR millions · p18

    +2.1% vs 2023

  • Total equity

    ZAR 11.0 billion

    10,972 ZAR millions · p18

    −0.6% vs 2023

  • Cash from operations

    ZAR 1.87 billion

    1,869 ZAR millions · p19

    −0.6% vs 2023

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

  • FY to 30 Sep 2024 — audited financial statements, signed / final; reported for the year · source
  • FY to 30 Sep 2023 — audited financial statements, signed / final; comparative in the FY to 30 Sep 2024 filing · source

Income statement

Income statement, ZAR millions. Columns: FY to 30 Sep 2024 — audited financial statements (signed / final), as reported for the year; FY to 30 Sep 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 30 Sep 2024Audited financial statementsreported for the yearFY to 30 Sep 2023Audited financial statementscomparative in FY to 30 Sep 2024 filing
Revenue 25,202 23,699
Cost of sales (12,746) (11,937)
Gross profit 12,456 11,762
Other income 546 466
Administrative and other expenses (9,638) (9,371)
Impairment of financial assets (205) (141)
Operating profit 3,159 2,716
Investment income 205 144
Finance costs (1,269) (1,064)
Other financial (losses)/ gains – net1 (8) 2
Attributable (losses)/earnings of associates2 (4) 2
Attributable earnings of joint ventures3 55 38
Impairment of long-term interests and investments in associates4 –5 (31)
Profit before taxation 2,138 1,807
Taxation (591) (471)
Profit for the year 1,547 1,336
Preference shareholders6 63 50
Non-controlling interests7 48 15
Items that will not subsequently be reclassified to profit or loss8 –9 53
Remeasurement of post-employment benefit obligation10 –11 72
Taxation on items that will not subsequently be reclassified to profit or loss12 –11 (19)
Items that may subsequently be reclassified to profit or loss13 (33) (6)
Effect of cash flow hedge accounting14 (45) (8)
Taxation on items that may subsequently be reclassified to profit or loss15 12 2
Other comprehensive income for the year (33) 47
Total comprehensive income for the year 1,514 1,383
  1. Printed “—”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “—”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
  3. Printed “—”, read as nil: subtotal_arithmetic: is.native.co_nyk6zp3na8f1.oci_not_reclassified.
Notes and alternative reported figures (12)
  1. “Other financial (losses)/ gains – net” is an issuer-specific line, not mapped to a shared definition: Below operating profit.
  2. “Attributable (losses)/earnings of associates” is an issuer-specific line, not mapped to a shared definition: Equity-accounted associates, printed separately from joint ventures.
  3. “Attributable earnings of joint ventures” is an issuer-specific line, not mapped to a shared definition: Equity-accounted joint ventures.
  4. “Impairment of long-term interests and investments in associates” is an issuer-specific line, not mapped to a shared definition: Below operating profit.
  5. “Preference shareholders” is an issuer-specific line, not mapped to a shared definition: Attribution of profit for the year.
  6. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Attribution of profit for the year.
  7. “Items that will not subsequently be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: Printed OCI subtotal.
  8. “Remeasurement of post-employment benefit obligation” is an issuer-specific line, not mapped to a shared definition: Note 8.5.
  9. “Taxation on items that will not subsequently be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 8.5.
  10. “Items that may subsequently be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: Printed OCI subtotal.
  11. “Effect of cash flow hedge accounting” is an issuer-specific line, not mapped to a shared definition: Note 8.5: amortisation of the hedge reserve and fair value change.
  12. “Taxation on items that may subsequently be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 8.5.

Balance sheet

Balance sheet, ZAR millions. Columns: FY to 30 Sep 2024 — audited financial statements (signed / final), as reported for the year; FY to 30 Sep 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 30 Sep 2024Audited financial statementsreported for the yearFY to 30 Sep 2023Audited financial statementscomparative in FY to 30 Sep 2024 filing
Property, plant and equipment 14,413 13,887
Right of use assets 4,418 4,073
Goodwill1 1,606 1,606
Intangible assets 314 267
Investment in joint ventures2 258 217
Investment in associates3 157 166
Loans and receivables4 129 223
Financial assets5 26 63
Deferred lease assets6 20 19
Deferred taxation 668 854
Total non-current assets 22,009 21,375
Loans and receivables4 22 27
Financial assets5 17 15
Inventories 550 556
Trade and other receivables 3,940 3,542
Taxation receivable 51 9
Cash and cash equivalents 1,802 2,279
Total current assets 6,382 6,428
Total assets 28,391 27,803
Ordinary share capital 4,233 4,297
Treasury shares7 (4,306) (3,926)
Other reserves 563 526
Retained earnings 9,799 9,479
Equity attributable to owners of the parent 10,289 10,376
Preference share capital and premium 644 644
Non-controlling interests 39 21
Total shareholders’ equity 10,972 11,041
Long-term debt 5,505 6,057
Long-term lease liabilities 4,810 4,334
Financial liabilities8 15 –9
Post-employment healthcare benefit obligations 526 495
Deferred taxation 265 254
Provisions10 35 19
Total non-current liabilities 11,156 11,159
Trade and other payables 3,786 3,657
Short-term debt 1,603 1,249
Short-term lease liabilities 731 658
Financial liabilities8 14 12
Taxation payable 129 26
Bank overdrafts –11 1
Total current liabilities 6,263 5,603
Total equity and liabilities 28,391 27,803
  1. Printed “—”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  2. Printed “—”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (9)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 2.11.
  2. “Investment in joint ventures” is an issuer-specific line, not mapped to a shared definition: Note 9.1.
  3. “Investment in associates” is an issuer-specific line, not mapped to a shared definition: Note 9.2.
  4. “Loans and receivables” is an issuer-specific line, not mapped to a shared definition: Note 9.3.
  5. “Financial assets” is an issuer-specific line, not mapped to a shared definition: Note 6.1.
  6. “Deferred lease assets” is an issuer-specific line, not mapped to a shared definition: Non-current.
  7. “Treasury shares” is an issuer-specific line, not mapped to a shared definition: Note 8.2 (deducted from equity).
  8. “Financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 6.2.
  9. “Provisions” is an issuer-specific line, not mapped to a shared definition: Note 7.3.

Cash flow

Cash flow, ZAR millions. Columns: FY to 30 Sep 2024 — audited financial statements (signed / final), as reported for the year; FY to 30 Sep 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 30 Sep 2024Audited financial statementsreported for the yearFY to 30 Sep 2023Audited financial statementscomparative in FY to 30 Sep 2024 filing
Cash received from customers1 24,689 23,338
Cash paid to suppliers and employees2 (20,315) (19,203)
Cash generated from operations 4,374 4,135
Interest paid on debt (679) (516)
Interest paid on lease liabilities (511) (454)
Taxation paid (345) (374)
Ordinary dividends paid by subsidiaries3 (50) (47)
Ordinary dividends paid (850) (808)
Preference dividends paid4 (63) (50)
Distribution paid to beneficiaries of the HPFL B-BBEE1 trusts5 (7) (6)
Net cash flows from operating activities 1,869 1,880
Advances from/(to) associates6 27 (25)
Advances from/(to) joint ventures7 58 (20)
Payments for acquisition of property, plant and equipment2 (1,463) (1,443)
Payments for additions to intangible assets (56) (64)
Proceeds on disposal of property, plant and equipment and intangible assets 40 101
Proceeds from/(payments for) investments and loans8 7 (45)
Interest received 205 144
Dividends received9 28 46
Net cash flows from investing activities (1,154) (1,306)
Proceeds on disposal of treasury shares10 –11 49
Acquisition of treasury shares12 (722) (510)
Debt raised 2,600 2,080
Debt repaid (2,814) (1,174)
Payments for equity interests in subsidiaries13 –11 (8)
Payment for acquisition of non-controlling interests14 –11 (2)
Proceeds from disposal/issue of shares to non-controlling interests15 3 –11
Payment of principal elements of lease liabilities (258) (226)
Net cash flows from financing activities (1,191) 209
Net (decrease)/increase in cash and cash equivalents (476) 783
Cash and cash equivalents at the beginning of the year 2,278 1,495
Cash and cash equivalents at the end of the year 1,802 2,278
  1. Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (14)
  1. “Cash received from customers” is an issuer-specific line, not mapped to a shared definition: Operating activities (direct method).
  2. “Cash paid to suppliers and employees” is an issuer-specific line, not mapped to a shared definition: Operating activities (direct method).
  3. “Ordinary dividends paid by subsidiaries” is an issuer-specific line, not mapped to a shared definition: Dividends to non-controlling shareholders, in operating activities.
  4. “Preference dividends paid” is an issuer-specific line, not mapped to a shared definition: Note 8.3; operating activities.
  5. “Distribution paid to beneficiaries of the HPFL B-BBEE1 trusts” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  6. “Advances from/(to) associates” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  7. “Advances from/(to) joint ventures” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  8. “Proceeds from/(payments for) investments and loans” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  9. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  10. “Proceeds on disposal of treasury shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  11. “Acquisition of treasury shares” is an issuer-specific line, not mapped to a shared definition: Note 8.2; financing activities.
  12. “Payments for equity interests in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Financing activities (2023).
  13. “Payment for acquisition of non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities (2023).
  14. “Proceeds from disposal/issue of shares to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities (2024).

Per share and shares

Per share and shares. Columns: FY to 30 Sep 2024 — audited financial statements (signed / final), as reported for the year; FY to 30 Sep 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 30 Sep 2024Audited financial statementsreported for the yearFY to 30 Sep 2023Audited financial statementscomparative in FY to 30 Sep 2024 filing
Earnings / (loss) per share (per share)41 1.1042 0.9453
Profit / (loss) attributable to shareholders (ZAR millions)5 1,436 1,271
  1. Printed as 110.4 cents; value converted to ZAR at 100 cents = 1 ZAR.
  2. Printed as 94.5 cents; value converted to ZAR at 100 cents = 1 ZAR.
Notes and alternative reported figures (3)
  1. “Basic earnings per share”: mapping to a shared definition is uncertain. Basic earnings per share in cents; diluted is printed separately and differs (108.9; 2023: 93.5).
  2. Earnings / (loss) per share: printed as “Basic earnings per share”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the parent”.

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.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Sep 2024 Dividends paid (cash flow statement) Ordinary dividends paid (850) ZAR millions Audited financial statements, p19
30 Sep 2023 Dividends paid (cash flow statement) Ordinary dividends paid (808) ZAR millions Audited financial statements, p19

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.

  • Netcare Limited Audited Consolidated and Separate Annual Financial Statements for the year ended 30 September 2024

    Year ended 30 September 2024 · Audited financial statements · signed / final

    Audit: Deloitte & Touche (Partner: Spiro Tyranes), unmodified opinion · signed

    Auditor's sign-off: Deloitte & Touche (DocuSigned), Registered Auditor, Per: Spiro Tyranes, Partner

    Final status: Independent auditor's report on the consolidated and separate financial statements, unmodified, closed with a DocuSign signature 'Deloitte & Touche' (envelope ID shown) above 'Deloitte & Touche, Registered Auditor, Per: Spiro Tyranes, Partner, 22 November 2024', Waterfall City (PDF p15, page image). Board approval on 21 November 2024 with handwritten signatures of A Maditse (Lead Independent Director), RH Friedland (CEO) and KN Gibson (CFO) (PDF p4, page image).

    Document date
    22 Nov 2024
    Auditor's report
    22 Nov 2024
    Board approval
    21 Nov 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Sep 2024, FY to 30 Sep 2023
    Basis
    consolidated statements · ZAR millions (printed “Rm”)
    • No total liabilities line is printed (p18). Cash and cash equivalents in the cash-flow statement are net of bank overdrafts (2023: 2 279 cash less 1 overdraft = 2 278, p18-p19). Dividends paid (ordinary, preference, to non-controlling shareholders and the HPFL trust distribution) are in operating activities; interest received is in investing activities (p19). Em dashes '—' are printed for nil cells.
    • Profit attribution (p16): owners of the parent 1 436 and preference shareholders 63 are subtotalled (1 499) before non-controlling interests 48; basic EPS (110.4 cents) is on profit attributable to ordinary owners.
    Technical details
    File
    102 pages, with a text layer
    SHA-256
    5e0a49026dc7dcfc6eccfdc4f42a8063b55f4479df744d9e3a8d36e27fa923ff
    Entity as printed
    Netcare Limited (Registration number 1996/008242/06) (PDF p99)
    Issuer copy
    retrieved 2026-10-08T18:51:53Z

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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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

South Africa country page · Company methodology and coverage