Boxer Retail Ltd

BOX · JSE · Consumer Cyclical / Department Stores

8,387.00ZAC+50.00 (+0.60%)

Price History

Full chart

Market Stats

Previous Close8,337.00

Open8,389.00

Day Range8,290.00 – 8,451.00

52-Week Range6,562.06 – 8,953.24

Volume1.23M

Market Cap36.73B

P/E (TTM)23.62

Forward P/E0.00

EPS3.40

Dividend Yield1.77%

50-Day Avg7,786.90

200-Day Avg7,648.91

About

Boxer Retail Limited engages in the retail of food, health and beauty products, general merchandise, and liquor in South Africa and Eswatini. It is involved in retail operations under the Boxer Superstores, Boxer Build, and Boxer Liquors brands. The company was founded in 1977 and is based in Westville, South Africa. Boxer Retail Limited operates as a subsidiary of Pick n Pay Retailers Proprietary Limited.

Company Details

SectorConsumer Cyclical
IndustryDepartment Stores
CEOMr. Marek Adam Masojada
Employees35.31K
HeadquartersWestend Office Park, Westville, South Africa, 3630, South Africa
Websitehttps://www.boxer.co.za

Leadership

Mr. Marek Adam MasojadaCEO & Executive Director · b. 1966
Mr. David Peter Wayne C.A.CFO & Executive Director · b. 1979
Mr. Chris TheronGroup Executive of Operations · b. 1968
Ian BamberGroup Executive of Human Resources · b. 1968
Ms. Ntombi DludlaGroup Executive of Stakeholder Engagement & Sustainability · b. 1968
Mr. Vaughan Ian Pierce B.A., L.L.B., L.L.M.Company Secretary

Financials

Income Statement

Currency: ZAR	2022-02-28	2023-02-28	2024-02-29	2025-02-28	2026-02-28
Total Revenue	26.58B	31.90B	37.42B	42.34B	47.07B
Growth (%)	-	+19.99%	+17.31%	+13.16%	+11.17%
Cost of Revenue	21.42B	25.16B	29.50B	33.29B	40.69B
Gross Profit	5.16B	6.73B	7.92B	9.05B	6.38B
Gross Margin	19.42%	21.11%	21.17%	21.38%	13.55%
Operating Expense	4.18B	5.12B	5.82B	6.75B	3.74B
Operating Income	982.00M	1.61B	2.10B	2.31B	2.64B
Operating Margin	3.69%	5.06%	5.61%	5.45%	5.60%
EBITDA	2.27B	2.84B	3.32B	3.62B	4.04B
EBITDA Margin	8.55%	8.89%	8.87%	8.56%	8.59%
Net Income	854.00M	1.10B	1.39B	1.38B	1.56B
Net Income Margin	3.21%	3.46%	3.70%	3.27%	3.31%
Interest Expense	275.00M	295.00M	342.00M	458.00M	549.00M
Interest Expense % of Total Revenue	1.03%	0.92%	0.91%	1.08%	1.17%

Balance Sheet

Currency: ZAR	2022-02-28	2023-02-28	2024-02-29	2025-02-28	2026-02-28
Total Assets	9.36B	10.79B	12.72B	12.73B	14.29B
Total Liabilities	7.37B	9.85B	10.88B	10.79B	10.97B
Total Equity	1.99B	937.00M	1.84B	1.94B	3.33B
Cash	561.00M	345.00M	349.00M	466.00M	538.00M
Total Debt	3.64B	3.94B	4.31B	5.65B	5.47B
Net Debt	3.08B	3.59B	3.96B	5.18B	4.93B

Cash Flow

Currency: ZAR	2022-02-28	2023-02-28	2024-02-29	2025-02-28	2026-02-28
Operating Cash Flow	1.13B	1.49B	2.84B	-6.86B	2.49B
Investing Cash Flow	-750.00M	-1.34B	-1.09B	-834.00M	-919.00M
Financing Cash Flow	-383.00M	-463.00M	-1.01B	6.81B	-1.46B
Capital Expenditure	823.00M	1.19B	1.09B	911.00M	995.00M
Free Cash Flow	306.00M	294.00M	1.75B	-7.77B	1.49B
FCF to OCF	27.10%	19.76%	61.72%	113.28%	60.01%

Earnings

Report Date	Oct 12, 2026
EPS Estimate	-
EPS Actual	-
Surprise	-
Timing	After-hours

Key Statistics & Ratios

Market Cap36.73B

Enterprise Value42.21B

Trailing P/E23.62

Forward P/E0.00

Price / Sales0.79

Price / Book11.21

EPS3.40

Book Value7.35

Revenue (TTM)46.68B

Gross Profit (TTM)10.07B

EBITDA3.30B

Profit Margin3.33%

Operating Margin7.06%

Return on Equity59.09%

Return on Assets12.20%

Shares Outstanding457.39M

Shares Float181.15M

Dividend Yield1.77%

Dividend Rate1.41

Payout Ratio13.32%

Dividends

20261×

95.37May 27, 2026

20251×

45.30Dec 3, 2025