Stefanutti Stocks Holdings said in February 2026 it had a current construction work order book worth R15.3 billion.
Image: Simphiwe Mbokazi/ANA
Stefanutti Stocks Holdings’ share price shot up 8.68% on the JSE Friday morning after it predicted a 195% to 215% increase in headline earnings per share for the year to February 28, 2026.
The construction group said in a trading statement that earnings per share of continuing operations is expected to reflect a profit of between 362,41 cents and 387,41 cents, or an improvement of between 190% and 210% compared with the previous year.
Similarly, headline earnings a share is expected to reflect a profit of between 369,13 cents and 394,16 cents, well up from 125,13 cents per share profit a year before.
On the JSE, the share price traded at R7.39, which is more than double the R3.05 that it traded at a year before.
One of the reasons for the better earnings is a settlement with Eskom over construction claims for the Kusile Power station.
Stefanutti Stocks and Eskom signed a final settlement agreement on November 24, 2025 for an amount of R580 million. This settlement was recognised net of related costs and taxation, resulting in a net profit after tax of R492m for the construction company.
In addition, SS-Construcoes (Mocambique) and Stefanutti Stocks Construction was sold on December 12, 2025. The disposals were part of Stefanutti Stocks’ restructuring and debt reduction strategy.
The exit from the Mozambique and Mauritius markets sees Stefanutti Stocks’ continued focus on core South African operations and selective African projects with stronger margins.
The results for the financial year are expected to be released on May 26, 2026.
In February, the company had announced that the outstanding facility with Standard Bank had reduced to R250m from an initial loan of R850m, by the end of January 2026, thereby reducing the group's anticipated interest charge relating to this facility by approximately 70% per annum for the year ending February 2027.
Also in February, the group said its current order book increased to R15.3 billion, from R13.2bn as reported in the interim results for the six months ended August 31, 2025.
The company had gone into business rescue in July 2020 after severe liquidity pressure due to delayed payments on large public sector projects, notably Kusile, and the impact of the Covid 19 lockdowns. It exited business rescue in August 2022, and a JSE suspension of its shares was also lifted at that time.
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