Bidcorp

2026 Annual
integrated report

for the year ended June 30  2026

Food|Service|Technology

Leadership reviews

Stephen Koseff

Stephen Koseff

Chairman’s statement

We mark the tenth anniversary of Bidcorp’s listing. In a decade, Bidcorp has delivered compound annual shareholder returns of 18% and paid R24,1 billion in dividends

Download
Bernard Berson

Bernard Berson

Chief executive officer’s report

In a world of rapid technological change and intense competition, we know what it takes to survive and grow. We are confident of delivering sustained growth in future years

Download
David Cleasby

David Cleasby

Chief financial officer’s report

Our approach to capital management balances disciplined reinvestment with responsible shareholder returns, while preserving balance-sheet resilience and conservatism

Download

Bidcorp’s investment case

Bidcorp’s strategy, entrepreneurial business model, and strength of leadership

Download
Bidcorp truck

Bidcorp’s strategy – how we create value

Our objective is to evolve beyond traditional distribution, becoming the preferred foodservice partner to our customers

Download
Prepared food

Bidcorp’s results announcement for the year ended June 30 2026

Bidcorp’s 2026 financial reporting provides a clear view of the group’s financial position, performance, risk profile, and regulatory matters, enabling stakeholders to assess Bidcorp’s financial strength and resilience.

Download
Food preparation
Value creation

Materiality – it's all about deciding what matters

Material topics and the group risk profile are updated as risks evolve, with the annual integrated report providing stakeholders with the key risks identified, management responses, and outcomes.

Download Bidcorp's double materiality assessment

Bidcorp's risks and opportunities

The group's twelve material risks and opportunities are identified through a devolved process, with inputs from the businesses independently filtered through to the centre and reported on according to their potential to create, preserve or erode value.

Download Material risks and opportunities

Bidcorp's value creation model – What we do to create value

Bidcorp's business model is built around four connected activities: We procure, We process, We warehouse and distribute, and We serve. These activities describe how our businesses source products, build supply capability, add value where appropriate and deliver reliable foodservice solutions to customers.

Download Bidcorp's business model 2026

Divisional reviews

Australasia

Australasia's results were flat but satisfactory as the division successfully contended with severe economic headwinds and heightened competition.

R47,5bn

Revenue

R3,9bn

Trading profit

8,2%

Trading margin

4 865

Employees

In constant currency

United Kingdom

The UK achieved solid growth and improved margins in a sluggish economic environment.

R72,1bn

Revenue

R2,85bn

Trading profit

4,0%

Trading margin

8 098

Employees

In constant currency

Europe

European businesses achieved very pleasing growth in revenue and profitability, despite intensified competition.

R92,4bn

Revenue

R5,5bn

Trading profit

6,0%

Trading margin

10 370

Employees

In constant currency

Emerging markets

Emerging Markets performed well under varying operating conditions, with the division delivering flat trading profits.

R35,2bn

Revenue

R2,0bn

Trading profit

5,7%

Trading margin

7 674

Employees

In constant currency

Downloads

Bidcorp online report sectional downloads

Navigating our value creation journey

Bidcorp’s 2026 annual reporting suite

2026 Annual reporting suite – Embracing integrated thinking

Leadership reviews

Bidcorp’s investment case

Chairman’s statement

Chief executive officer’s report

Bidcorp's strategy – how we create value

Delivering on our strategy

Chief financial officer's report

Financial results highlights for 2026

Value creation

Bidcorp’s value creation model

Unpacking our six capitals

We procure

We process

We warehouse and distribute

We serve

Materiality

Bidcorp’s risks and opportunities

Divisional reviews

Bidcorp global footprint

Bidcorp food adventure

Bidfood Australasia

Bidfood United Kingdom

Bidfood Europe

Bidfood Emerging Markets

Bidfood Corporate Services