REC7
May 12, 2026 12:43
· 35:41
· English
· Whisper Turbo
· 2 Altaveus
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0:02
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Speaker 1 (REC7)
Do you see what it's saying?
0:02
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It doesn't go to the nearest
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kitchen. Yeah,
0:12
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I don't know.
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You see
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when they're up here,
0:20
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they look at the taste of the
0:24
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pizza. Yeah.
0:35
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Speaker 1 (REC7)
Thank you.
1:02
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Speaker 1 (REC7)
Thank you.
1:24
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Speaker 1 (REC7)
Thank you.
2:00
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Speaker 1 (REC7)
Thank you.
3:02
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Speaker 1 (REC7)
Thank you.
3:10
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Speaker 1 (REC7)
What are you doing? Yeah.
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I said two.
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Thank you.
4:46
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so okay that's why you said
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not from the future
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I get coordinated with these things,
5:19
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and when I eat it my own,
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I eat it and I eat it and I eat it and I eat it and I eat it and I eat it and
5:26
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I eat it and I eat it and I eat it and I eat it and I eat
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it and I eat it and I eat it and I eat
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it.
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4,
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4, 4,
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4, 5, 5,
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5, 6,
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7, 8, 9,
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10,
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11, 12, 13, 13,
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14, 14,
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14,
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15,
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15,
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16,
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16,
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16, 17, 17, 18, 19, 19, 20, 20, 21,
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21, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22, 22,
6:04
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Speaker 1 (REC7)
That's what I was saying,
6:05
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Speaker 1 (REC7)
for this positive manner also,
6:07
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to reflect on your take.
6:39
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Speaker 1 (REC7)
So,
6:40
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I think this is the same thing to eat by myself.
7:42
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Speaker 1 (REC7)
Let's get the...
7:50
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Speaker 1 (REC7)
The finance guys and the procurement guys,
7:52
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Speaker 1 (REC7)
the most important guys,
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Speaker 1 (REC7)
a chance to...
8:17
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Speaker 1 (REC7)
Salud? Salud?
8:58
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Speaker 1 (REC7)
This one, I lost it.
9:06
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Speaker 1 (REC7)
I'll try again. I'll try again.
10:01
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Speaker 2 (REC7)
What do you think?
10:26
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Speaker 1 (REC7)
Good afternoon colleagues.
10:27
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Speaker 1 (REC7)
Today we'll be going through the financial
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report for March 2026.
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So what I did,
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we'll be covering the whole financial year from April to March.
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The report will look slightly different
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from the other reports.
10:45
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So we're going to be covering financial
10:50
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performance that will also include the ratios.
10:53
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When you come to performance as a business unit as a whole,
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right? So I didn't cover length by length,
10:59
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I just focus on the whole business unit,
11:00
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how you perform throughout the year,
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Speaker 2 (REC7)
right? Alright,
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so what we did,
11:08
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we were working on the income statement,
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colleagues.
11:10
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I'm not
11:18
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sure
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if it's clear for everyone.
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So when we look at the deficit on the income statement,
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we'll be looking at how did the business unit
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operate inclusive of income less operational expenses,
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Speaker 2 (REC7)
right, in overall.
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Speaker 1 (REC7)
So if you look at the Northwest business unit,
11:45
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you can see that in 20...
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There was a net surplus of 147 million compared
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to the prior year which was 2025 and
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2024.
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The improvement is driven by strong revenue combined
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with control expenditure.
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This will get an overall improvement in financial performance and
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in the end surplus position.
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However, sustaining this trend will depend on them.
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organizing activity to maintain revenue growth while managing increased
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cost pressure right then
12:23
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we have the total revenue this will be the revenue that that
12:27
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has been generated throughout the business unit that will be including the test revenue
12:31
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And then if you have any grant you receive from maybe
12:36
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NDOH then it will reflect that.
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If you have any teaching income,
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it will reflect that.
12:41
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But for Northwest,
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it doesn't help because most of those,
12:45
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they reflect on the academic,
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right?
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so for northwest you can see that throughout the 2026
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financial year we have accumulated a revenue of 671
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million in total right compared to the previous year previous
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year with uh 549 million right
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so if you if you check there there's a 22 percent growth from
13:10
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previous to the current here if you if you check from 549
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to 672 that's 22
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growth in revenue so it means that when you look
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at 2026 it means that we are generating more revenue compared to the
13:25
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previous year,
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right?
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So this reflects strong growth in the current period.
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The increase is primarily driven by high testing volumes
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and increased demand in laboratory services from the hospitals.
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The growth has significantly contributed to improved
13:44
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cost -efficient ratio.
13:45
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Continual revenue growth will remain critical to sustain the financial
13:49
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performance of the business unit.
13:54
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Then what we did here,
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we did a revenue split by contribution here.
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What we did,
13:59
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we went to check our volumes and revenue and
14:03
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then we take the top 10,
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what do you call that,
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the test that you are conducting as a lab to see which top 10 is generating
14:11
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the highest revenue.
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I'm not sure,
14:15
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the screen is not clear,
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but I will just read them on my side.
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From the top 10,
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we have DeanExpect,
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PCRTB.
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So this one,
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according to the business,
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you were able to generate a revenue of $57 million
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for the current year,
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compared to the previous year which was $33 million.
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And then when we look at that as to which
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lab was the highest contributor when it comes to this test,
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this was Rustin Berg in the series.
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Rustin Berg was able to contribute 31 % of that revenue.
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And then also I have at least one additional block.
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And then this one,
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the business unit generated 12 million.
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And then the biggest contributor was Tsebong with
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the 8 % of revenue coming from Tsebonga,
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right? So this was the top 10 test.
15:14
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So I will just look the names.
15:15
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Speaker 2 (REC7)
Correct me if I pronounced it incorrectly,
15:18
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Speaker 1 (REC7)
right?
15:18
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Speaker 2 (REC7)
The name of the test.
15:20
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So we have GeneXpect,
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we have hepatitis,
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we have histology,
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one additional block,
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we have full blood count.
15:27
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And then we have profile discrete analyzer,
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UNE,
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C -reactive protein.
15:35
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We have,
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what is it called?
15:39
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Cretanine
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automator,
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thyroid stimulating.
15:50
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and then we have HPV test and we have EZQ viral
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load right these were the top 10 when you look at the world business unit colleagues and
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then most of these tests the biggest contributor was Tsepong if
16:03
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you look at those the biggest contributor when you come to the lab that conducted
16:07
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most of the tests and generating more revenue was Tsepong lab right
16:11
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And then if you look at the whole revenue and volumes report that I sent
16:15
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to you guys,
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you will see that we have generated 728 million worth
16:20
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of revenue,
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which 61 % come from those top 10 that are
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displayed there,
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right? And then the other one that didn't qualify for top 10,
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they only contribute 39%.
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And then if you look at the previous year,
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we did 598 million revenue compared
16:39
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to this.
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That was about 22 % increase,
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which I discussed on the other slide when I was discussing the revenue.
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Even though now,
16:47
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if you look at the current year compared to the previous year,
16:50
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previously there were tests that were part of the top 10,
16:54
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but currently they didn't appear on the top 10,
16:58
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right? If you look in previous year,
17:01
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Alright, we have CD4
17:05
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PLG and then we also have AN
17:14
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Those ones,
17:15
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right? So those previously in 2025,
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they were part of your top 10,
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but when you look at the top 10,
17:21
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on 2026,
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they were replaced by tests like HPV test,
17:25
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histology 1 additional block,
17:27
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right?
17:27
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And hepatitis B,
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surface AG.
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These replaced the other ones that were under top 10 in the previous foundation
17:35
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year, right?
17:36
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And then we also did the volumes,
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high volume contributors because we wanted to see which data
17:43
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contributing more in our region that are
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generating revenue for us,
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for us to be able to continue operating.
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You can see some of them will repeat the same
17:55
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test and some did change.
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But when it comes to volumes,
17:59
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in current year we...
18:03
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Speaker 2 (REC7)
We did a volume,
18:04
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according to the top 10,
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we had GeneXpert,
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and then Full Black Count,
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we have Profile,
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we have Align,
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we have Align,
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right?
18:20
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Speaker 1 (REC7)
Okay,
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Speaker 2 (REC7)
I'll just ask him to leave me for those who want the case.
18:25
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Speaker 1 (REC7)
I'm not good when you come to court.
18:27
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The Profile is talking about you.
18:31
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It's a U &E Albumy
18:35
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AST.
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so these are your top 10 when you come to volumes right instead
18:49
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of revenue right so now here we're looking at the volumes as well
18:53
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these are your top 10 so meaning that this top 10 contributed
18:57
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49 % of the total volumes for the whole year so meaning
19:01
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these are the some of them that also contributed
19:04
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in higher availability that was generated by North
19:09
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-West distance unit,
19:10
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right?
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Speaker 2 (REC7)
When we come,
19:14
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then we will discuss the total expenditure as overall,
19:17
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right?
19:18
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Speaker 2 (REC7)
So here what we did,
19:19
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Speaker 1 (REC7)
remember,
19:20
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Speaker 2 (REC7)
this you can relate back to income statement.
19:22
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Speaker 2 (REC7)
This just will work on the business unit rather than lab,
19:26
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Speaker 1 (REC7)
right?
19:26
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Speaker 2 (REC7)
So you will see,
19:28
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we gave you a breakdown from direct material to direct billing budget,
19:32
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precision and all of those things.
19:33
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But if you look at your total expenditure for 2026,
19:36
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it means that Northwest,
19:37
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we spent 423.
19:40
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million right compared to the previous year which was 1373 million
19:45
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right and in 2024 it was 133 million so
19:50
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meaning it represented a 30 percent increase if you compare 2025
19:54
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and 2026 it means that there will be a 30 percent increase in
19:59
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between right
20:00
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from 373 to 423.
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That is the 13 % we are talking about,
20:06
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right? So this increase is mainly driven by high operational activity level
20:10
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and rising input cost.
20:13
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However, expenditure growth remains below revenue growth,
20:16
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indicating that the costs have been
20:21
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well controlled relatively to revenue.
20:24
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This reflects improved cost efficient and effective cost containment
20:28
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across the key expenses category.
20:32
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While the overall position is favorable,
20:34
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continued monitoring is required to ensure the cost
20:39
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pressure, particularly in material and direct labor,
20:42
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do not impact your future financial performance.
20:48
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Speaker 1 (REC7)
When we speak about those,
20:50
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we need to also look into things like underspending,
20:54
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especially on the income statement.
20:56
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Speaker 1 (REC7)
Because if you view most of the income statement,
20:58
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there were a lot of items that we didn't reach our budget
21:02
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Speaker 1 (REC7)
that we were given,
21:03
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right? Those are considered as underspending.
21:05
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So also,
21:06
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this can also influence the surplus that you have seen there to say
21:10
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we have done a quite good surplus as the region,
21:14
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but if it's not properly...
21:16
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money tag you can also impact your future financial performance at the end of the day
21:20
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because of it won't be the true reflection and so i will always urge you guys to
21:24
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say make sure that all your expenses that you have incurred throughout financial year
21:28
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has been preceded and has been paid through the accounts payable right
21:32
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but we still have a challenge is where we know that most of the invoices
21:36
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they haven't reached ap and then yeah where i
21:40
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think they will be with the approval throughout the year
21:44
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Speaker 2 (REC7)
for the invoices that were paid around April,
21:46
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May because they were not settled during the financial year,
21:49
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Speaker 1 (REC7)
right? Also,
21:50
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Speaker 2 (REC7)
that is going to impact your surplus as well once they did those
21:54
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journals.
21:54
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Let's just bear in mind when we come to that.
21:57
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And then we have direct materials.
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Here I'm just showing you how much we have spent on the direct material.
22:03
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Speaker 2 (REC7)
You can see that the direct material has spent $189 million compared to
22:07
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Speaker 2 (REC7)
the previous year of $160 million.
22:10
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Speaker 2 (REC7)
So we're still going to do the ratio on the other page where I will explain
22:14
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Speaker 1 (REC7)
more in detail.
22:15
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Speaker 2 (REC7)
This is just an overall summary of how the business union has
22:19
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Speaker 1 (REC7)
operated.
22:20
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Speaker 1 (REC7)
And then we have the ratios.
22:23
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Speaker 2 (REC7)
You can see that according to the ratios in
22:28
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Speaker 1 (REC7)
2026,
22:30
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Speaker 2 (REC7)
our direct material ratio to revenue is 28%,
22:33
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Speaker 1 (REC7)
right?
22:34
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Speaker 1 (REC7)
And then in March 2025,
22:36
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Speaker 2 (REC7)
you can see it's 29%,
22:38
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Speaker 2 (REC7)
compared to the budget of 31%.
22:40
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Speaker 2 (REC7)
And then you can look at the labor as well.
22:42
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Speaker 2 (REC7)
Labor, you can see it's 22,
22:45
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Speaker 1 (REC7)
25, 23,
22:46
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Speaker 1 (REC7)
and a budget of 23.
22:47
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Speaker 1 (REC7)
You can see in 2025,
22:49
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Speaker 1 (REC7)
it was slightly high,
22:51
S…
Speaker 2 (REC7)
but we still gonna discuss when we get to the reference line,
22:55
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Speaker 1 (REC7)
right?
22:57
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Speaker 2 (REC7)
Then, these are just overall expenses according
23:01
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Speaker 1 (REC7)
to the income statement.
23:02
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Speaker 1 (REC7)
If you want to see how it is,
23:05
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Speaker 1 (REC7)
these were just overall expenses.
23:07
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Speaker 2 (REC7)
We'll just show you guys as to where the money was spent as well,
23:11
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Speaker 1 (REC7)
right? According to the business unit.
23:14
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Speaker 1 (REC7)
And then,
23:15
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Speaker 2 (REC7)
we're going to discuss carpet spending.
23:19
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Speaker 2 (REC7)
We could not draw the match one because the module of fixed asset register
23:23
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Speaker 1 (REC7)
is too close.
23:23
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Speaker 2 (REC7)
So we agreed that it's fine.
23:27
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Speaker 2 (REC7)
Let's use February to do the presentation.
23:30
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Speaker 2 (REC7)
So what we did here,
23:32
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Speaker 2 (REC7)
the total budget that we were given was 33 million.
23:35
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Speaker 1 (REC7)
But in that 33 million,
23:37
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Speaker 2 (REC7)
there are things that qualify as a tender,
23:39
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Speaker 2 (REC7)
so we had to remove them out,
23:41
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Speaker 2 (REC7)
meaning it left us with 12 million that has been allocated for this
23:46
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Speaker 2 (REC7)
unit that doesn't qualify for a tender.
23:48
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Speaker 1 (REC7)
And then upon that,
23:50
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Speaker 2 (REC7)
only 57 % of 12 million was spent,
23:53
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Speaker 2 (REC7)
meaning that we didn't achieve at the end of the day.
23:57
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Speaker 2 (REC7)
right so meaning at least we should have by end of March we
24:01
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Speaker 2 (REC7)
should have at least achieved 80 % of the budget and 20 % was not spent then
24:05
S…
Speaker 2 (REC7)
we would have said we have achieved and then we know that this was due to
24:09
S…
Speaker 2 (REC7)
the budget remember there was a lot of issues regarding the budget
24:14
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Speaker 2 (REC7)
it was uploaded late and then the whole process started late so it affected
24:18
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Speaker 2 (REC7)
us when it comes to performance as a finance as well but Bongini
24:22
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Speaker 2 (REC7)
will take you through as to when you do this report as well
24:26
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Speaker 2 (REC7)
i'm just giving you guys a summary of how we spend as a whole region
24:30
S…
Speaker 2 (REC7)
i do not do the business in this one you look at the original level so
24:35
S…
Speaker 2 (REC7)
when we say it is a menu it's including the other counterpart
24:39
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Speaker 1 (REC7)
which is free state and university
24:43
S…
Speaker 2 (REC7)
Then let's speak about the analysis of the expenditure
24:48
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Speaker 1 (REC7)
as a whole.
24:49
S…
Speaker 1 (REC7)
When we talk about direct material,
24:51
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Speaker 2 (REC7)
remember we said direct material you spend 189
24:55
S…
Speaker 1 (REC7)
compared to the revenue of direct material ratio of
24:59
S…
Speaker 1 (REC7)
600.
25:00
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Speaker 1 (REC7)
then that's where 28 % come,
25:02
S…
Speaker 1 (REC7)
right? To say out of 670 million,
25:05
S…
Speaker 1 (REC7)
28 % were spent,
25:08
S…
Speaker 1 (REC7)
which is 189 million,
25:12
S…
Speaker 1 (REC7)
which is part of their direct material.
25:13
S…
Speaker 1 (REC7)
Those are things like your agents and other operational
25:17
S…
Speaker 1 (REC7)
costs that are occurring under direct
25:22
S…
Speaker 2 (REC7)
material, right?
25:22
S…
Speaker 1 (REC7)
You can see what I was saying is that you see 189 .4 million.
25:27
S…
Speaker 1 (REC7)
This is how much you spend as a business unit for
25:31
S…
Speaker 1 (REC7)
March 2026 financial year against the
25:36
S…
Speaker 1 (REC7)
actual revenue of 671,
25:38
S…
Speaker 1 (REC7)
right? So if we compare to our prior year,
25:40
S…
Speaker 1 (REC7)
there is a slightly increase of 25 .1 million
25:44
S…
Speaker 1 (REC7)
that we have spent on the direct material,
25:47
S…
Speaker 1 (REC7)
mainly driven by tax revenue and increase in consumable cost,
25:51
S…
Speaker 1 (REC7)
right?
25:51
S…
Speaker 2 (REC7)
However,
25:52
S…
Speaker 1 (REC7)
a percentage of revenue material decreased slightly.
25:56
S…
Speaker 1 (REC7)
indicating the revenue has grown faster than material cost right this
26:00
S…
Speaker 1 (REC7)
reflects improved cost efficient and lower material spending terrain
26:05
S…
Speaker 1 (REC7)
of revenue however the increase from period period
26:09
S…
Speaker 1 (REC7)
highlights underlying cost pressure
26:12
S…
Speaker 1 (REC7)
particularly in laboratory consumable and reagents.
26:15
S…
Speaker 1 (REC7)
Continued monitoring is required to ensure this pressure does not erode
26:21
S…
Speaker 2 (REC7)
margins.
26:21
S…
Speaker 1 (REC7)
So you can see that the movement in prior
26:25
S…
Speaker 1 (REC7)
year, it was 29 minutes.
26:27
S…
Speaker 1 (REC7)
We were spending more than the current
26:31
S…
Speaker 1 (REC7)
year.
26:31
S…
Speaker 1 (REC7)
And then we spoke about the labor,
26:35
S…
Speaker 1 (REC7)
which is part of our...
26:38
S…
Speaker 1 (REC7)
salaries and overtimes and all those in general right so
26:42
S…
Speaker 1 (REC7)
in labor labor we spend about 49 million
26:47
S…
Speaker 1 (REC7)
right compared to compared to the revenue of 671
26:51
S…
Speaker 1 (REC7)
meaning upon that revenue we spend 22 percent
26:56
S…
Speaker 1 (REC7)
of revenue we spend it to pay
27:00
S…
Speaker 1 (REC7)
the the labor cost right
27:04
S…
Speaker 1 (REC7)
Now, if you compare it with the prior
27:08
S…
Speaker 1 (REC7)
year, the 25 % and the 23 % of 2024,
27:12
S…
Speaker 1 (REC7)
the variance is primarily contributed by ongoing recruitment
27:17
S…
Speaker 1 (REC7)
initiatives in the current year and the annual increase.
27:20
S…
Speaker 1 (REC7)
The improvement is mainly attributed to a vacancy position of being
27:24
S…
Speaker 1 (REC7)
filled during the year.
27:27
S…
Speaker 1 (REC7)
as well as the strong revenue performance.
27:29
S…
Speaker 1 (REC7)
While this reflects improvement cost deficiencies,
27:32
S…
Speaker 1 (REC7)
it may also indicate capacity constraints.
27:35
S…
Speaker 1 (REC7)
Prolong vacancy could lay stronger on service delivery around
27:39
S…
Speaker 1 (REC7)
time and staff workload,
27:42
S…
Speaker 1 (REC7)
requiring a balance between the cost containment
27:46
S…
Speaker 1 (REC7)
and operational needs.
27:49
S…
Speaker 1 (REC7)
And then we're going to speak of overheads
27:53
S…
Speaker 2 (REC7)
as a whole,
27:54
S…
Speaker 1 (REC7)
right? So on overheads,
27:57
S…
Speaker 1 (REC7)
we spend 60 % of the 671 million when
28:01
S…
Speaker 2 (REC7)
it comes to the ratio,
28:02
S…
Speaker 1 (REC7)
right?
28:03
S…
Speaker 1 (REC7)
So when it comes to this,
28:05
S…
Speaker 1 (REC7)
this indicates that the expenditure cost has well been controlled
28:10
S…
Speaker 2 (REC7)
relatively to revenue.
28:11
S…
Speaker 1 (REC7)
The favorable position reflects from cost containment across
28:15
S…
Speaker 1 (REC7)
the market.
28:15
S…
Speaker 2 (REC7)
It's acceptable.
28:17
S…
Speaker 2 (REC7)
However,
28:18
S…
Speaker 1 (REC7)
it is important to access where the element of underspending
28:22
S…
Speaker 1 (REC7)
may exist to ensure that the cost management does not negatively
28:26
S…
Speaker 1 (REC7)
impact service delivery or operational capacity going forward.
28:31
S…
Speaker 1 (REC7)
So,
28:34
S…
Speaker 1 (REC7)
I spoke of the ratio that we did.
28:37
S…
Speaker 1 (REC7)
Alright, so remember we have a direct material ratio which most
28:41
S…
Speaker 1 (REC7)
of you are familiar with.
28:42
S…
Speaker 1 (REC7)
Currently it was 28%,
28:45
S…
Speaker 1 (REC7)
previous year you can see it's 29%,
28:47
S…
Speaker 1 (REC7)
and 2024 it was at 27%,
28:50
S…
Speaker 1 (REC7)
and our budget was 31%,
28:53
S…
Speaker 1 (REC7)
right?
28:55
S…
Speaker 1 (REC7)
Most of the comments that I wrote will be repeating each other,
28:59
S…
Speaker 1 (REC7)
but I will just write them for you guys so you can understand,
29:02
S…
Speaker 1 (REC7)
right? So material decreased slightly to 28 compared to 29 %
29:06
S…
Speaker 1 (REC7)
in the 2025 financial year and increased from 27 in
29:10
S…
Speaker 1 (REC7)
2024 while remained below the budget of 31%.
29:13
S…
Speaker 1 (REC7)
This indicates that revenue has grown faster than material
29:17
S…
Speaker 1 (REC7)
cost.
29:18
S…
Speaker 1 (REC7)
resulting in improved cost -efficient and lower material spending
29:22
S…
Speaker 1 (REC7)
per rent of revenue.
29:24
S…
Speaker 1 (REC7)
The favorable variance against the budget suggests better cost control
29:28
S…
Speaker 1 (REC7)
and higher activity levels.
29:30
S…
Speaker 1 (REC7)
However, the increase from 2024 level points to underlying
29:35
S…
Speaker 1 (REC7)
cost pressure,
29:36
S…
Speaker 1 (REC7)
particularly in laboratory consumables and reagents,
29:39
S…
Speaker 1 (REC7)
which may be driven by price -increase supplier constraints.
29:43
S…
Speaker 1 (REC7)
and increased health volumes.
29:45
S…
Speaker 1 (REC7)
Continued monitoring is required to ensure this cost
29:49
S…
Speaker 1 (REC7)
does not erode money,
29:51
S…
Speaker 1 (REC7)
right?
29:51
S…
Speaker 1 (REC7)
And then we have direct labor percentage to the revenue where
29:55
S…
Speaker 1 (REC7)
currently was 22%,
29:57
S…
Speaker 1 (REC7)
2025 was...
30:00
S…
Speaker 1 (REC7)
25 percent and 2024 was 23 percent to the budget of 2025
30:04
S…
Speaker 1 (REC7)
-26 was 23 percent right labor represented 22 percent
30:09
S…
Speaker 1 (REC7)
of revenue decreased from 2025 in the prior year and below
30:13
S…
Speaker 1 (REC7)
the budget of 23 percent the improvement is mainly added to vacancy
30:17
S…
Speaker 1 (REC7)
position during the vacancy as well
30:22
S…
Speaker 1 (REC7)
as strong revenue performance while this has specifically impacted cost
30:26
S…
Speaker 1 (REC7)
efficiency
30:28
S…
Speaker 1 (REC7)
potential risk of prolonged vacancy may place
30:32
S…
Speaker 1 (REC7)
pressure on service delivery,
30:33
S…
Speaker 1 (REC7)
turn around time and staff workload.
30:35
S…
Speaker 1 (REC7)
Going forward,
30:36
S…
Speaker 1 (REC7)
a balance will be required between cold container and
30:41
S…
Speaker 1 (REC7)
maintenance at the starting level to support operational.
30:45
S…
Speaker 1 (REC7)
uh support right and then we have uh other operational
30:49
S…
Speaker 1 (REC7)
expenses uh percentage to the revenue right you can see it's
30:54
S…
Speaker 1 (REC7)
a it's a two percent compared to the previous year which was 30 percent 2024
30:58
S…
Speaker 1 (REC7)
also was three percent and our budget we budgeted nine percent right that
31:03
S…
Speaker 1 (REC7)
was our that was our target for the 25 26 but operational expenses
31:07
S…
Speaker 1 (REC7)
decreased to two percent compared to three percent in the prior year
31:12
S…
Speaker 1 (REC7)
and significantly below the budget of 9%.
31:14
S…
Speaker 1 (REC7)
This reflects strong cost containment and discipline spending in
31:18
S…
Speaker 1 (REC7)
operation support area.
31:20
S…
Speaker 1 (REC7)
The significant variance against budget may also indicate that
31:24
S…
Speaker 1 (REC7)
certain planned activity or support initiatives were not fully
31:29
S…
Speaker 1 (REC7)
implemented during the year.
31:30
S…
Speaker 1 (REC7)
While the outcome is favorable from a
31:35
S…
Speaker 1 (REC7)
cost perspective,
31:35
S…
Speaker 1 (REC7)
it is important to assess whether any
31:40
S…
Speaker 1 (REC7)
understanding goes true.
31:41
S…
Speaker 1 (REC7)
impacted the operational effectiveness in the long term right and
31:46
S…
Speaker 1 (REC7)
then we also have a non -net profit percentage to revenue
31:51
S…
Speaker 1 (REC7)
that's what that's the one that will speak about the surplus that we did for 274
31:56
S…
Speaker 1 (REC7)
media to say uh it will be saying uh
32:00
S…
Speaker 1 (REC7)
not what business has done quite well it means that
32:04
S…
Speaker 1 (REC7)
we were able to pay our expenses and also we were able to realize
32:08
S…
Speaker 1 (REC7)
profit at the end of the day as a business unit right so this
32:13
S…
Speaker 1 (REC7)
indicates a solid financial performance and an improved surplus position however sustaining
32:18
S…
Speaker 1 (REC7)
this level of profit will depend on the organizational ability to continue uh
32:23
S…
Speaker 1 (REC7)
going to continue growing revenue while managing rice
32:28
S…
Speaker 1 (REC7)
input costs right particularly material and labor remember material
32:32
S…
Speaker 1 (REC7)
and labor
32:33
S…
Speaker 1 (REC7)
increase every year right so they need to be monitored as
32:37
S…
Speaker 1 (REC7)
well because it will affect your your your profit at the end of the day expenditure
32:42
S…
Speaker 1 (REC7)
percentage to revenue uh you can i already discussed
32:46
S…
Speaker 1 (REC7)
this one 63 to 68 percent and then 2024 it was
32:50
S…
Speaker 1 (REC7)
61 percent to the budget of 72 percent right
32:54
S…
Speaker 1 (REC7)
Defavorable variance suggests effective cost management across
32:58
S…
Speaker 1 (REC7)
major expense category.
32:59
S…
Speaker 1 (REC7)
Going forward,
33:00
S…
Speaker 1 (REC7)
it will be important to ensure that the cost containment measure
33:05
S…
Speaker 1 (REC7)
does not negatively impact the sales delivery or
33:10
S…
Speaker 1 (REC7)
operational capacity.
33:11
S…
Speaker 1 (REC7)
Because all those things play a role throughout
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