GCR Ratings (“GCR”), an affiliation of Moody’s Investor Services, announced that Omnia’s ratings have remained unchanged, affirming the Company's long-term and short-term issuer ratings of A+(ZA) and A1(ZA), respectively, with a Stable Outlook.
The affirmation of Omnia’s ratings follows the positive earnings performance from core segments, notwithstanding challenges in certain parts of the Group. This has enabled Omnia to maintain a net cash position and strong liquidity, whilst at the same time increasing investments to strengthen its domestic market position and expand into international markets.
The Stable Outlook also reflects the following key elements of Omnia’s investment case:
Diversified business model across geographies and industries
Leading market positions in agriculture and mining, with a growing global presence
Modern manufacturing and supply chain capabilities are enhancing operational efficiency
Commitment to sustainability and innovation, driving product development and customer alignment
Robust cash flow and funding capacity enabling continued investments and shareholder returns
Seelan Gobalsamy, Chief Executive Officer of Omnia, said: “The affirmation of our credit rating is a testament to Omnia’s earnings quality, global reach, and operational excellence. It reflects our ability to deliver consistent performance and create long-term value, even in the face of global uncertainty. Our strong financial position and liquidity are the result of disciplined capital allocation aligned with our strategic priorities, empowering us to invest in innovation, sustainability, and growth.”
GCR’s full report is available at https://gcrratings.com/announcements/gcr-affirms-omnias-long-term-issuer-rating-ofaza-stable-outlook-due-to-steady-performance-from-core-business-segments-and-low-leverage/ or Omnia’s Investor Relations office at omniaIR@omnia.co.za.