Neville Brink
CEO & Executive Director
Good morning, everybody, and thank you for joining us on this fine Monday morning in Cape Town, our annual results presentation for 2025. And let me just take you through the format. So we’ve got about 1.5 hours. I will take you through an overview and I’ll cover our three pillars, and then I’ll hand over to Zaf, who will take us through the financial results, and then I’ll go back to our outlook and give you an indication of what we’re facing for the next year and then happy to answer some questions. So let’s kick off.
Just when — and I just want to take you back a step, what I’ve done is slightly different this presentation. I put four context slides in the presentation, one for group and one for each of the divisions. And the purpose of that is to give you a view not only of the numbers of the environment that it currently exists both from a group point of view and each of the divisions and what they’re facing and some of the issues that affect their business.
And I want to start off with the group because we put out a trading statement about 2 months ago. And obviously, you’ve all seen the trading statement and it showed our figures, our results were going to be somewhere between 38% and 42% down. And immediately, I started getting questions from the market and from friends and everybody about Oceana. Was Oceana in trouble, what was happening. And it made me think a bit about where Oceania is quite right now. And the more I thought about it, the more
