JSE-listed Altron on Tuesday reiterated expectations of double-digit increases in earnings for the year ended February 28, 2026.

Headline earnings per share (HEPS) from continuing operations and earnings per share (EPS) from continuing operations will be at least 30% higher than reported in the 2025 financial year.

“Operational momentum evidenced in the first half of the financial year provided a solid foundation for a stronger performance in the second half of the year to date and this trend is expected to continue for the full 2026 financial year,” Altron said in an operational update.

In a previous trading update on February 12, Altron noted that HEPS for continuing operations will increase from 178c in 2025 to at least 231c in 2026, while EPS will increase from 156c in 2025 to at least 203c in the 2026 financial year.

The group’s continuing operations include Netstar, Altron FinTech, Altron HealthTech, Altron Digital Business, Altron Security, Altron Document Solutions and Altron Arrow. It excludes Altron Nexus.

In the voluntary operational update on Tuesday, Altron said its continuing operations delivered low double-digit earnings before interest, taxes, depreciation and amortisation (Ebitda) growth year-to-date and more than 20% growth in operating profit.

Excluding the change in Netstar's depreciation policy, operating profit recorded low-to-mid-teens growth.

“The group's performance is attributable to disciplined focus on execution of its strategy across all businesses and reflects the benefit of a robust and diversified portfolio, despite varying operating conditions,” the company said, adding that deliberate focus on the deployment of capital into higher-margin, annuity-revenue growth opportunities continued in the second-half of the year under review.

Altron's Platforms segment has contributed about 45% to revenue and about 90% to both Ebitda and operating profit.

However, the robust double-digit revenue growth in the Platforms segment was offset by a decrease in revenue in the Information Technology (IT) Services segment.

“The constrained operating environment for IT Services persisted in the second half of the 2026 financial year and is in line with market trends observed in South Africa and globally.”

During the period under review, Netstar delivered a strong performance, with mid-to-high-teen Ebitda growth, underpinned by solid growth in South Africa and early signs of progress in Australia.

The South African business continues to perform well, with sustained low-double-digit growth in revenue and strengthening operational execution, delivering high-teen Ebitda growth.

“Australia's recovery has been slower than initially anticipated owing to one-off items affecting operating profit; however, key performance indicators including subscriber growth, cash flow and sales activity have shown improvement,” Altron pointed out.

Altron FinTech, meanwhile, delivered high-teen revenue growth driven by continued success in onboarding small and medium-sized enterprise customers onto its payments and collections platform and higher volumes in payments and collections.

“Annuity revenue year-to-date exceeded 80%. With the focus on higher-margin products and services, and as the business scales, operating margins continued to improve, delivering Ebitda and operating profit growth, both in the high-twenties percent range.”

Altron HealthTech's year-to-date low-20% range growth in Ebitda and operating profit growth in the high teens, is in line with the first half of the 2026 financial year performance.

In the IT Services segment, Altron Digital Business continues to be impacted by the challenging IT services environment.

However, Altron implemented a comprehensive profit-improvement strategy and finalised its restructuring in December 2025.

“Two consecutive months of operating profitability in December 2025 and January 2026 reflect a marked improvement in the IT Services segment's performance and provide clear evidence that the cost-reduction measures are gaining traction,” the company continued.

“The business is now well positioned to benefit from any upturn in IT services spend.”

Altron Security continued to see changes in sales mix, delivering double-digit revenue growth, with operating profit growth broadly in line with the performance in the first half of 2026.

Further, Altron Document Solutions' profit improvement strategy continues to deliver positive results. The focus on higher-margin services led to more than 30% year-to-date Ebitda and operating profit improvement.

As Altron completes its 2026 financial year end, it also marks the completion of Altron's Accelerated Growth phase of its strategy.

“Having delivered three years of accelerated growth, which strengthened margins, streamlined the portfolio and embedded operational discipline, Altron is now positioned to enter its next phase of Transformative Growth.”

The company will expand on its strategy and present its 2026 financial year results on May 25.