Raubex Lifts Revenue 11.8% to R12.12 Billion
The South African construction and materials group also raised its interim dividend and reported a sharply higher secured order book.
Updated on Nov. 9, 2026 in Corporate Finance
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Raubex reported group revenue up 11.8% to R12.12 billion, with operating profit rising 2.5% to R618 million. The group also disclosed a potential disposal of its entire interest in Bauba Resources, though no transaction is certain at this stage.
Why it matters
Stronger cash generation and lower borrowings strengthen the group's balance sheet, while the planned review of Bauba Resources reflects pressure from higher logistics, freight and diesel costs linked to Middle East tensions. The outcome could reshape the group's materials handling and mining portfolio.
Cash generated from operations more than doubled to R1.56 billion, while borrowings fell 12.4% to R2.40 billion against cash and cash equivalents of R1.89 billion. The materials handling and mining division posted an operating loss of R111.1 million despite revenue rising 27% to R2.28 billion.
The players
Raubex
A South African construction and materials group with roads, earthworks, materials handling and mining operations, including its Vedanta lead-zinc plant project in the Northern Cape.
The details
Roads and earthworks generated R4.26 billion in revenue during the period. The interim dividend rose 8.6% to 88 cents per share, and headline earnings per share increased 4.4% to 254.3 cents.
Timeline
Financial year 2028: earnings contributions from the B&E International contract are expected to begin.
Market Dynamics
Rising freight and diesel costs linked to Middle East tensions have eroded margins at Bauba Resources, prompting Raubex to consider exiting the business. The move reflects how energy and logistics shocks feed directly into the earnings of South African materials and mining suppliers.
Shareholders receive an interim dividend of 88 cents per share, up 8.6%. Investors should watch whether the Bauba Resources disposal proceeds, as no transaction is certain yet.
The takeaway
Strong cash generation and a rising order book can offset margin pressure in individual divisions. Investors should track order book conversion and the outcome of portfolio reviews rather than headline revenue alone.
Further reading
Explore more South Africa corporate finance coverage for context on listed-company results and portfolio decisions.
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