The R6.77 Billion Agricultural Powerhouse Behind South Africa’s Farms
The R6.77 Billion Agricultural Powerhouse Behind South Africa’s Farms. South African agricultural group BKB has reported stronger financial results following several years of restructuring and portfolio changes.
The Gqeberha-based company operates across several areas of the agricultural value chain, including livestock and wool, grain, agricultural retail, fuel, property and financial services.
BKB’s roots date back to 1919, when the Farmers’ Co-operative Wool and Produce Union was established in Gqeberha. Other wool cooperatives followed, including Boere-Saamwerk Beperk in 1920, the Wool Growers Association in 1925 and Koöperatiewe Wolmaatskappy in 1927.
The cooperatives were eventually consolidated in 1975 when FCU, BSB and KWB amalgamated to form BKB.
The group has since expanded beyond its original wool operations and now provides services to farmers across South Africa.
BKB generated R6.77 billion in revenue in the financial year ended June 2025. The group subsequently recorded further growth in the year ended June 30, 2026.
Operating profit increased by 24.5% to R332.2 million, while profit before tax rose by 46.9% to R273 million. The value of business transactions increased by 11.4% to R15.3 billion.
Headline earnings per share increased by 38.2% to 241.3 cents, while basic earnings per share rose by 46.4% to 245.3 cents.
Net interest-bearing debt declined by 53% to R262.4 million.
The latest performance follows a stronger preceding financial year, during which BKB’s net profit increased by 51.1% compared with the previous year. Losses from discontinued operations also fell to zero.
The improved results follow several years of restructuring at BKB. During this period, the group streamlined its portfolio and divested non-core, loss-making operations.
