1. South Africa Stocks

  2. •

    Non-energy minerals

  3. •

    Construction materials
Brikor Limited

Brikor Limited

JJSE:BIK
17.00
ZAC
0.00
(0.00%)
9.05BMarket Cap
Brikor Limited
JSE:BIK
(Johannesburg Stock Exchange)

Recent

price

17.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
ZAR
0.54
0.45
0.2
0.21
0.51
0.5
0.4
0.43
0.45
0.47
0.41
0.33
0.38
0.43
0.46
0.39
- -
Revenue per Share
-0.05
-0.2
-0.35
-0.05
0.02
0.05
0.01
0.01
0.01
- -
0.02
- -
-0.01
0.01
- -
-0.01
- -
Basic EPS, GAAP
-0.12
-0.01
-0.02
-0.03
0.09
0.03
- -
0.01
-0.03
- -
0.03
- -
0.01
0.02
0.01
0.01
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.6
0.4
0.05
- -
0.02
0.07
0.08
0.09
0.11
0.11
0.13
0.14
0.13
0.14
0.14
0.12
0.12
Book Value per Share
0.45
0.37
0.04
-0.01
0.02
0.07
0.08
0.09
0.1
0.1
0.12
0.13
0.12
0.14
0.13
0.12
0.12
Tangible Book Value per Share
623
625
627
629
629
629
629
629
629
629
629
822
822
822
822
822
822
Basic Weighted Avg Shares
339
280
126
135
318
317
252
273
285
293
258
273
312
351
381
318
- -
Sales/Revenue/Turnover
-5.2
-6.99
-5.42
10.04
13.27
17.45
7.3
13.31
4.94
5.23
8.64
1.14
4.54
6.11
1.29
-1.67
- -
Operating Margin (%)
30
132
227
6
12
18
16
15
13
8
8
11
15
21
17
16
- -
Depreciation Expense
-28
-124
-219
-33
9
33
4
8
8
2
12
3
-6
8
-3
-10
- -
Net Income, GAAP
- -
- -
- -
- -
18.35
13.93
- -
34.71
42.96
59.25
26.37
- -
- -
52.52
- -
- -
- -
Effective Tax Rate (%)
-8.34
-44.38
-173.93
-24.3
2.98
10.36
1.67
2.78
2.93
0.53
4.64
1.04
-1.88
2.35
-0.69
-3.11
- -
Profit Margin (%)
20
13
-135
-129
-40
8
10
31
21
27
25
2
-26
-9
22
24
24
Working Capital
131
154
40
38
44
49
48
44
16
11
8
14
28
12
4
8
8
LT Debt
376
252
33
- -
14
47
51
59
67
69
81
112
106
115
111
102
102
Total Equity
- -
- -
- -
- -
14.5
25.39
- -
15.13
6.32
5.69
14.41
- -
- -
5.7
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
12.06
32.63
- -
12.52
12.24
4.2
17.4
- -
- -
8.7
- -
- -
- -
Return on Capital (%)
-7.19
-39.67
-153.89
-196.45
132.5
107.94
8.62
13.83
13.27
2.27
16.07
2.94
-5.37
7.46
-2.33
-9.24
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
ST Debt
13
9
10
LT Borrowings
3
2
8
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
822
822
822
Market Capitalization
115
107
90

Working Capital

ZAR

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
Total Current Assets
120
103
120
Cash, Cash Equivalents & STI
1
1
- -
Accounts Receivable, Net
13
17
23
Inventories
92
76
88
Total Current Liabilities
97
92
96
Payables & Accruals
- -
- -
- -
ST Debt
13
9
10
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.86%
6.16%
-7.89%
Free Cash Flow
191.14%
-104.15%
-48.59%
Net Income, GAAP
11.75%
-96.41%
273.91%
Sales/Revenue/Turnover
0.76%
4.91%
-16.56%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
351
2025
- -
- -
381
2026
- -
- -
318

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
- -
2026
- -
- -
-0.01

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Brikor Limited (JSE: BIK), founded in 1994 and headquartered at 1 Marievale Road, Nigel, Gauteng, South Africa, manufactures and supplies building and construction materials alongside coal mining operations primarily serving the South African market including low-cost housing, residential, commercial, industrial, civil engineering, and infrastructure projects. The Bricks segment, through Plant 1 and Plant 3, produces semi-face clay bricks such as Verona Satin FBA, Rhodium Satin FBA, Krypton Satin FBA, Venezia Satin FBA, Roma Satin FBA, Palomino Satin FBA, Bronze Satin FBA, Bronze Rustic FBA, Gold Rustic FBA, Argon Rustic FBA, and Baroque FBA; stock bricks; and ancillary products with an annual production capacity exceeding 160 million bricks, sourcing clay from the Coal segment. The Coal segment, operated via wholly-owned subsidiary Ilangabi Investments 12 (Pty) Ltd across Vlakfontein and Grootfontein mines under a June 2023 life-of-mine contract mining and coal purchase agreement with TCQ Mining (Pty) Ltd, supplies Duff, Screened Run of Mine (ROM), Small Nuts, Large Nuts, and Peas coal products; Brikor also holds a 40% stake in associate Zingaro Holdings (Pty) Ltd, which provides specialized transportation services with over 100 vehicles including tippers, low-beds, flat-decks, and earthmoving equipment for mining activities across Gauteng, North West, Mpumalanga, and Limpopo. Recent developments include the September 2025 announcement of two significant off-take agreements under the existing Coal Agreement—a three-year deal with Eskom's Grootvlei Power Station for approximately 2.8 million tonnes and a one-year renewable agreement with a private company for 600,000 tonnes—to support minimum monthly mining tonnages of 150,000 tonnes; finalization of the Rayton property sale in March 2025 yielding R2.2 million proceeds; a February 2025 share buy-back of 15.9 million ordinary shares at 14 cents each from the Brikor Share Incentive Scheme trust, approved by shareholders in May 2025 and offset against receivables with no cash impact as the trust winds down; continued ramp-up of Grootfontein mining as Vlakfontein nears end-of-life; and strategic focus on expanding Bricks production capacity, sustainable mineable reserves management, and leveraging new off-take deals for Coal profitability amid H1 F2026 revenue of R169.9 million and operational challenges.