SPAR Group's profit fell 8.96% in 2025 despite higher revenue, hurt by debt and taxes, though it reduced net debt after selling Europe units.

SPAR Group reported an 8.96% drop in full-year profit for the 52 weeks ending September 2025, with diluted earnings per share falling to 795.4 cents from 873.7 cents, despite a 1.6% revenue increase to 132.4 billion rand. Higher financing costs from legacy Poland debt and a rising tax rate hurt earnings, though gross operating profit rose 2.3% to 2.8 billion rand. The company completed the sale of its Switzerland and Poland operations, reducing net debt to 5.4 billion rand.