JSE companies report strong earnings growth in latest updates

Several Johannesburg Stock Exchange listed firms have posted encouraging results ahead of the reporting season. Tech companies Altron, Datatec and Lesaka, hotel group Southern Sun and brewer AB InBev all delivered positive trading updates for periods ending in February or March 2026.

Altron reported headline earnings per share from continuing operations rose between 31% and 37% for the year ended February. The company has focused on higher margin areas after restructuring its operations.

Datatec saw headline earnings per share jump between 51% and 58.8% over the same period, supported by strong performances at its Westcon International and Logicalis International divisions. Lesaka achieved 45% growth in adjusted earnings before interest, taxes, depreciation and amortisation in its latest quarter on the back of 16% higher net revenue.

Southern Sun recorded adjusted headline earnings per share growth of 17% to 21% for the year to March. Occupancy at its South African hotels reached 64.3% compared with 61.9% a year earlier. AB InBev posted a 1.2% rise in beer volumes in its latest quarter, exceeding market expectations of flat or negative growth.

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Seoul's Kospi index briefly tops 6,700 points on trading floor screens amid excitement ahead of US big tech earnings.
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Kospi briefly tops 6,700 ahead of US big tech earnings

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Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.

South African bank Capitec has shown stronger share price growth than global brewer AB InBev over the past five years, despite differing price/earnings multiples. Recent earnings updates highlight Capitec's ongoing expansion and AB InBev's challenges with declining beer volumes. Investors are weighing the value in each company's strategy amid shifting market dynamics.

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Nine BSE smallcap companies delivered standout performances in the March 2026 quarter, with net profits surging over 50% year-on-year and share prices rising 50% to 170% in the past year. Four of these stocks became multibaggers, more than doubling investor returns. Data from ACE Equity highlights the momentum amid mixed results from 168 reporting firms.

Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi held its first-quarter 2026 earnings call on May 6. The company posted a 5% rise in consolidated volumes to 26 million hectoliters. Revenue increased 8% amid ongoing challenges.

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Adidas announced on April 29 that its first-quarter revenues for fiscal 2026 rose 14% year-on-year to €6.6 billion. The results coincided with the company's success at the London Marathon, where its athletes secured top spots and a women's world record. CEO Bjørn Gulden emphasized the brand's strong product demand and innovation efforts.

Nvidia Corporation reported stronger-than-expected results for its fiscal fourth quarter of 2026, with revenue rising 73% year-over-year to $68.1 billion. The company's data center segment, fueled by products like Blackwell and NVLink, now accounts for over 90% of total revenue. Asian markets climbed for a fourth straight day, boosted by Nvidia's upbeat sales forecast.

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Adobe Inc. reported stronger-than-expected earnings, with double-digit revenue growth and expanding subscriptions. Despite the positive results, its stock declined sharply due to ongoing concerns over AI disruption. The company highlighted its shift to generative AI tools amid declining traditional revenue streams.

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