Softcare 1H26 Profit Jumps 46% on Robust African Demand; Announces US$0.08 Interim Dividend

Bulletin Express
Sep 23

Softcare Limited reported a 46.0% year-on-year surge in net profit to US$75.82 million for the six months ended 30 June 2026, driven by a 30.7% increase in revenue to US$332.75 million. Adjusted net profit rose 53.2% to US$78.61 million, lifting basic earnings per share to 12.2 US cents from 10.2 US cents.

Gross margin expanded to 35.8% from 34.2%, underpinned by stronger pricing and an improved product mix. Segment performance remained dominated by Baby Care, which contributed US$261.88 million, or 78.7% of total revenue, up 31.7%. Feminine Care sales grew 21.6% to US$56.00 million, while Family Care revenue climbed 52.5% to US$14.87 million.

Geographically, East Africa delivered US$151.42 million (45.5% of group total), followed by West Africa at US$126.99 million (38.2%). Central Africa contributed US$34.48 million, and Latin America reached US$19.39 million, more than doubling its share to 5.8% of group revenue.

Operating cash flow amounted to US$43.65 million. Cash and cash equivalents stood at US$414.51 million as of 30 June 2026, versus US$445.46 million at year-end 2025, after funding capacity expansion and dividend distribution. Total equity increased to US$662.13 million, and the current ratio improved to 6.0x. Interest-bearing debt fell to US$5.19 million, trimming the equity-debt ratio to 1.5%.

The Board declared an interim dividend of 8.00 US cents per share, equivalent to approximately US$49.70 million, payable on 18 September 2026.

Management signalled continued investment in new production lines—seven were added in 1H26—plus regional capacity build-outs in Africa and Latin America to support demand growth for baby diapers, sanitary pads and wet wipes.

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