The Spur Corporation has expanded its restaurant network across South Africa and its international markets, with the total number of locations now over 750, and more are on the way.
In its financial results for the six months ended 31 December 2025, the group traded out of 753 restaurants in 14 countries.
In South Africa, 29 new restaurants were opened during the period, which included seven new Spur restaurants.
This group also opened two John Dory’s, five RocoMamas, four Doppio Zeros, two Hussar Grills, one Casa Bella and one Nikos in South Africa.
This expanded the group’s local restaurant footprint to 640. Moreover, 26 restaurants were revamped. The group, however, closed eight restaurants in South Africa over the six-month period.
The group opened nine new restaurants in the rest of Africa during the period, which increased the international store network to 113.
This included the reintroduction of the Spur brand into Lesotho in September 2025. The group also revamped three international restaurants, while John Dory’s store in Zambia was closed.
“The group’s network development strategy, known as the ‘R8 model’, which focuses on restaurant revamps, relocations and revival strategies, remains a key tool in evolving the brand networks into leading experiences for customers,” it said.
The group said that it continues to secure key trading sites and plans to open a total of 42 new restaurants in South Africa and 14 internationally over the 2026 financial year.
Spur restaurants were the primary revenue source over the reporting period, seeing sales increase by 7.2% to R3.7 billion. The group’s total sales from its restaurants stood at R6.4 billion over the period.
| Number of restaurants | SA (Dec 25) | Intl (Dec 25) | Group (Dec 25) | SA (Jun 25) | Intl (Jun 25) | Group (Jun 25) |
| Spur | 321 | 34 | 355 | 316 | 31 | 347 |
| Panarottis | 97 | 53 | 150 | 92 | 47 | 139 |
| John Dory’s | 44 | 1 | 45 | 44 | 2 | 46 |
| RocoMamas | 93 | 24 | 117 | 88 | 24 | 112 |
| Speciality brands (*) | 85 | 1 | 86 | 79 | 1 | 80 |
| Hussar Grill* | 28 | — | 28 | 26 | — | 26 |
| Doppio Zero* | 34 | 1 | 35 | 31 | 1 | 32 |
| Piza e Vino* | 7 | — | 7 | 8 | — | 8 |
| Casa Bella* | 7 | — | 7 | 6 | — | 6 |
| Nikos* | 7 | — | 7 | 6 | — | 6 |
| Modern Tailors* | 2 | — | 2 | 2 | — | 2 |
| Total | 640 | 113 | 753 | 619 | 105 | 724 |
| Sales | Six months to Dec 2025 | Six months to Dec 2024 | Six months to June 2025 | Sales Growth (%) (Dec 25 vs Dec 24) |
| Spur | 3 680 752 | 3 434 994 | 3 209 291 | 7.2 |
| Panarottis | 628 431 | 535 423 | 507 621 | 17.4 |
| John Dory’s | 204 605 | 231 663 | 190 493 | (11.7) |
| RocoMamas | 545 811 | 520 184 | 459 042 | 4.9 |
| Speciality brands | 704 743 | 646 139 | 641 536 | 9.1 |
| Total South Africa | 5 764 342 | 5 368 403 | 5 007 983 | 7.4 |
| Total International | 636 209 | 558 319 | 560 630 | 14.0 |
| Total group | 6 400 551 | 5 926 722 | 5 568 613 | 8.0 |
Financials
The group said that its brand’s competitive trading performance underpinned continued strong growth in both revenue and profitability.
Group revenue increased by 8.5% to R2.2 billion. Improved restaurant turnover translated into 7.5% revenue growth in South Africa.
The Manufacturing and distribution division also saw an additional boost in revenue growth, with a 11.5% increase over the prior period.
The group stressed that the current period includes the impact of insourcing the management of the group’s retail products offering, which was not included in the comparable period.
“While the change has not yet resulted in a significant change in revenue, an improved operating margin has increased the division’s contribution to group profits,” the group said.
The Retail company stores segment also saw a 5.5% decline in revenue, mainly due to the closure of the Ciccio concept store in the second half of the previous financial year.
The group also sold a Doppio Zero restaurant to a franchisee in the first quarter of the current financial year. Outside the contributions for these two stores, revenue for the Retail company stores increased by 2.4%.
The group’s profit before income tax increased by 13.0% to R244.7 million over the period.
The group’s headline earnings per share increased by 12.9% to R163 million. The group’s total profit for the year increased by 12.4% to R173 million.
The group also repurchased 1.5 million ordinary shares, while issuing 1.2 million shares under its long-term share incentive schemes.
The group also increased its interim dividend per share by 13.2% to 120 cents per share over the period.
