Jakarta:Denel recorded a 15.8% increase in revenue, rising from R1.272 billion to approximately R1.473 billion, with improved cash generation from operations.
According to South African Government News Agency, this information is detailed in Denel's 2025/26 Annual Report, which also highlights a pipeline of business opportunities exceeding R30 billion that the company is continuing to build.
Denel Group Chief Executive Officer Tsepo Monaheng emphasized that the recovery of the state-owned aerospace and defence company should be measured by improved delivery, stronger financial management, sound governance, and the ability to convert market opportunities into sustainable revenue and cash flows. Monaheng stated the company's focus on executing existing programs, securing new business, investing in critical technologies, and maintaining relevance to South Africa's defence and security needs.
Monaheng reaffirmed Denel's commitment to enhancing its operational and financial sustainability while supporting South Africa's sovereign defence mandate. He acknowledged significant challenges, particularly regarding liquidity, financial controls, and operational sustainability, but noted progress in stabilizing the business and setting a foundation for recovery.
Denel aims to strengthen its strategic role by aligning more closely with the Department of Defence and Military Veterans, the South African National Defence Force (SANDF), Armscor, and other stakeholders to preserve critical defence capabilities.
