Investor Relations
Discover a business built on accountability, shareholder alignment,
and a clear strategy for profitable growth.
2025 marked a pivotal year for iOCO. Through strategic restructuring and a renewed focus on our core strengths, we have navigated challenges to build a resilient foundation for sustainable growth. This report highlights our progress and the clear path we’ve forged for future value creation.
Adjusted EDITDA
R516m
HEPS
40c EPS
Total Revenue
R5.5B
Free Cash Flow EPS
53c
Profit after Tax
R258m
Our core value is delivering technology solutions that create tangible client impact. Our executive team provides the strategic clarity and fosters a culture of innovation, while our business heads execute with deep, customer-aligned technical expertise. This fusion of strategic oversight and hands-on excellence ensures we solve real-world challenges for our clients and partners.
“The Board is confident in management’s ability to capture growth opportunities, drive further efficiencies, and deliver on the next phase of the new strategy.”
Jabu Moleketi
Non-executive Director and Board chairman
Profitable Growth Platform
We leverage automation, AI, and cloud solutions to drive organic expansion and innovation, building a highly profitable and cash-generative business.
Global Scale & Reach
Our team of 4,000 experts serves over 4,000 customers across South Africa, EMEA, and the UK, providing market breadth, resilience, and extensive reach.
Superior Financial Returns
Return on equity of 40% with positive free cash flow underpins reinvestment and shareholder returns.
Disciplined Capital Management
Gearing at 1.2× EBITDA and a management team incentivised in line with shareholders.
Our new leadership team is owner-led, accountable, and fully \aligned with shareholder interests. The Joint CEOs are
incentivised solely on share price growth, not salaries, ensuring a sharp focus on long-term value creation.
Voluntary announcement: general repurchase of shares
Shareholders are advised that iOCO has cumulatively repurchased 1 947 358 shares, representing 0.3% of the Company’s issued share capital, in terms of the general authority granted by shareholders at the annual general meetings held on 27 November 2024 and 23 May 2025 (“Repurchase”).
Change to the board of directors and composition of board committees
Shareholders are advised of the appointment of Ms. Lerato Dipuo Pheuginia Pule to the board of directors (the “Board”) of iOCO as an independent non-executive director, member of the audit and risk committee and as chairperson of the social and ethics committee, with effect from 4 December 2025.
iOCO Technology Group Strengthens Public Sector Leadership with Appointment of Ntutule Tshenye
iOCO Technology Group, a leading end-to-end digital transformation specialist, is pleased to announce the appointment of Ntutule Tshenye as Business Executive: Public Sector. In this role, Ntutule will report to Co-CEO: Dennis Venter and Chief Executive: Intelligent Technology Solutions, Conrad Blignaut.
iOCO Technology Group Strengthens Public Sector Leadership with Appointment of Ntutule Tshenye
OCO Technology Group, a leading end-to-end digital transformation specialist, is pleased to announce the appointment of Ntutule Tshenye as Business Executive: Public Sector. In this role, Ntutule will report to Co-CEO: Dennis Venter and Chief Executive: Intelligent Technology Solutions, Conrad Blignaut.
iOCO continues its strong growth trajectory, and delivers a 159.3% increase in EBITDA
iOCO Limited (formerly EOH Holdings Limited) today announced its interim financial results for the six months ended 31 January 2025 (“HY2025”), marking a significant milestone in its turnaround strategy. The company has delivered its first profitable interim period in three years, driven by disciplined execution, strategic cost management, and a streamlined operating structure, which is yielding clear benefits.
iOCO Group announces leadership transition, strong financial performance, and plans for growth
The iOCO Group Board of Directors today announced a leadership transition to usher in a new era of innovation and growth. Marius de la Rey, who has served as Interim CEO since May 2024, will step down this month.
Letter from iOCO Ltd Joint CEOs – 13 February 2025
When Dennis and I joined the Board of iOCO (then EOH) in May 2024, we found a business with much potential, but without the necessary focus to deliver value for all stakeholders. From day 1, we began to implement the following 3-phase strategy to place iOCO onto a sustainable path for the benefit of customers, employees and shareholders
Voluntary announcement: general repurchase of shares
Shareholders are advised that iOCO has cumulatively repurchased 1 947 358 shares, representing 0.3% of the Company’s issued share capital, in terms of the general authority granted by shareholders at the annual general meetings held on 27 November 2024 and 23 May 2025 (“Repurchase”).
Change to the board of directors and composition of board committees
Shareholders are advised of the appointment of Ms. Lerato Dipuo Pheuginia Pule to the board of directors (the “Board”) of iOCO as an independent non-executive director, member of the audit and risk committee and as chairperson of the social and ethics committee, with effect from 4 December 2025.
iOCO Technology Group Strengthens Public Sector Leadership with Appointment of Ntutule Tshenye
iOCO Technology Group, a leading end-to-end digital transformation specialist, is pleased to announce the appointment of Ntutule Tshenye as Business Executive: Public Sector. In this role, Ntutule will report to Co-CEO: Dennis Venter and Chief Executive: Intelligent Technology Solutions, Conrad Blignaut.
iOCO Technology Group Strengthens Public Sector Leadership with Appointment of Ntutule Tshenye
OCO Technology Group, a leading end-to-end digital transformation specialist, is pleased to announce the appointment of Ntutule Tshenye as Business Executive: Public Sector. In this role, Ntutule will report to Co-CEO: Dennis Venter and Chief Executive: Intelligent Technology Solutions, Conrad Blignaut.
iOCO continues its strong growth trajectory, and delivers a 159.3% increase in EBITDA
iOCO Limited (formerly EOH Holdings Limited) today announced its interim financial results for the six months ended 31 January 2025 (“HY2025”), marking a significant milestone in its turnaround strategy. The company has delivered its first profitable interim period in three years, driven by disciplined execution, strategic cost management, and a streamlined operating structure, which is yielding clear benefits.
iOCO Group announces leadership transition, strong financial performance, and plans for growth
The iOCO Group Board of Directors today announced a leadership transition to usher in a new era of innovation and growth. Marius de la Rey, who has served as Interim CEO since May 2024, will step down this month.
Letter from iOCO Ltd Joint CEOs – 13 February 2025
When Dennis and I joined the Board of iOCO (then EOH) in May 2024, we found a business with much potential, but without the necessary focus to deliver value for all stakeholders. From day 1, we began to implement the following 3-phase strategy to place iOCO onto a sustainable path for the benefit of customers, employees and shareholders
Our commitment to Environmental, Social, and Governance (ESG) principles is integrated into our business strategy, driving both efficiency and impact.
Our commitment to the planet is woven into every aspect of our operations. We strive for a greener future through sustainable practices and measurable impact.
- Reduced carbon emissions by 20% through energy efficiency initiatives since 2022.
- Implemented a comprehensive waste reduction and recycling program, diverting 75% of operational waste from landfills.
- Invested in renewable energy sources, powering 40% of our facilities with solar energy.
Carbon Emission Reduction (2022-2024):
Waste Diversion Rate (2023):
Renewable Energy Usage (2024):
We believe in empowering our people and enriching the communities we operate in. Our social initiatives focus on diversity, well-being, and impactful community engagement.
- Increased employee diversity by 15% across all levels through inclusive hiring practices since 2023.
- Launched 5 community engagement programs focused on education and skills development, benefiting over 1000 individuals
- Achieved a 95% employee satisfaction rate with comprehensive health and safety measures and wellness programs.
15% across all levels through inclusive hiring practices since 2023.
5 community engagement programs
95% employee satisfaction rate
Strong governance is the bedrock of our ethical operations. We uphold the highest standards of integrity, transparency, and accountability across all levels of our organization.
- Implemented new board diversity targets, increasing independent director representation by 10%.
- Enhanced transparency in financial reporting with quarterly ESG performance disclosures.
- Achieved 100% employee completion of annual ethics and compliance training.
Director representation by 10%.
100% Enhanced transparency in financial reporting.
100% employee completion of annual ethics
Our commitment to the planet is woven into every aspect of our operations. We strive for a greener future through sustainable practices and measurable impact.
- Reduced carbon emissions by 20% through energy efficiency initiatives since 2022.
- Implemented a comprehensive waste reduction and recycling program, diverting 75% of operational waste from landfills.
- Invested in renewable energy sources, powering 40% of our facilities with solar energy.
We believe in empowering our people and enriching the communities we operate in. Our social initiatives focus on diversity, well-being, and impactful community engagement.
- Increased employee diversity by 15% across all levels through inclusive hiring practices since 2023.
- Launched 5 community engagement programs focused on education and skills development, benefiting over 1000 individuals
- Achieved a 95% employee satisfaction rate with comprehensive health and safety measures and wellness programs.
Strong governance is the bedrock of our ethical operations. We uphold the highest standards of integrity, transparency, and accountability across all levels of our organization.
- Implemented new board diversity targets, increasing independent director representation by 10%.
- Enhanced transparency in financial reporting with quarterly ESG performance disclosures.
- Achieved 100% employee completion of annual ethics and compliance training.
