iOCO forecasts up to 40% profit growth as it targets expansion
The company expects net profit after tax to reach between R348m and R360m, compared with R258m in FY25.
Headline earnings per share are expected to increase by between 37.5% and 50%, from 40c to between 55 and 60c. Adjusted EBITDA is forecast to rise by between 19% and 24%, reaching between R610m and R636m.
The figures remain unaudited, with iOCO expecting to publish its full-year results on or about 14 October 2026.
Growth plans follow stronger performance
The improved earnings come as iOCO shifts its focus towards growth following changes to its operating model and leadership structure over the past two years.
Management says the group is now positioned to pursue both organic growth and acquisitions, with investment directed towards higher-growth technologies and scalable digital capabilities.
The company also made a number of leadership appointments and internal promotions during FY26 as it sought to strengthen its management structure.
iOCO says the improvement in profitability, operational efficiency and earnings quality reflects its strategy rather than a once-off cycle.
Technology services group targets further expansion
iOCO has more than 4,000 professionals serving about 5,000 clients across Africa, the UK, Europe and the Middle East.
Management says its next phase will focus on combining organic expansion with acquisitions, while maintaining capital discipline and improving cash generation.
The company says its balance sheet, operating model and leadership team are in a materially different position from two years ago, giving it greater scope to pursue growth.
The full-year results for the period ended 31 July 2026 are expected on 14 October.
