{"id":4533,"slug":"samro-implied-operating-cost-fy24-fy25","title":"SAMRO implied operating cost, FY2024 and FY2025","source":"Computed from SAMRO's audited company licence revenue and its own published cost-to-income ratio, Integrated Report 2025","source_url":"https:\/\/cdn.prod.website-files.com\/641d55c4d3455bd939321315\/69c3f930c5f11a7f982815d9_Samro_Annual_IR_2025_19472_20260324_V04a_LDV_12H42_Interactive.pdf","source_type":"computed","method":"SAMRO does not publish an absolute operating-cost line for licence administration; it publishes total company licence revenue and a cost-to-income ratio. implied_operating_cost_zar is licence_revenue_zar multiplied by cost_to_income_pct\/100, both figures taken unaltered from samro-royalty-accrual-vs-cash (audited company licence revenue: R683,843,000 for FY2024, R680,350,000 for FY2025) and samro-cost-to-income-ratio-decade (22.9% for FY2024, 21.6% for FY2025, both stated in the report's prose, not chart-read). This is an implied figure, not a disclosed one: it assumes the ratio was computed by SAMRO against the same company licence-revenue base used here, which is consistent with how the report defines the ratio but is not independently itemised in the audited financial statements. change_zar and change_pct compare FY2025 to FY2024. Confidence is marked medium because the underlying ratio is disclosed to one decimal place, not to the rand.","unit":"zar","license":"Afrobeats Wire's compilation and analysis are licensed CC BY 4.0. Rights in the underlying source data remain with the source named above.","confidence":"medium","retrieved":"2026-09-15 01:46:40","n":2,"first_party":0,"columns":[{"key":"fy","label":"Financial year to 30 June","type":"text"},{"key":"licence_revenue_zar","label":"Company licence revenue, ZAR","type":"number"},{"key":"cost_to_income_pct","label":"Cost-to-income ratio, %","type":"number"},{"key":"implied_operating_cost_zar","label":"Implied licence-administration cost, ZAR","type":"number"},{"key":"change_zar","label":"Change on prior year, ZAR","type":"number"},{"key":"change_pct","label":"Change on prior year, %","type":"number"}],"rows":[{"fy":"FY2024","licence_revenue_zar":683843000,"cost_to_income_pct":22.9,"implied_operating_cost_zar":156600047,"change_zar":0,"change_pct":0},{"fy":"FY2025","licence_revenue_zar":680350000,"cost_to_income_pct":21.6,"implied_operating_cost_zar":146955600,"change_zar":-9644447,"change_pct":-6.2}]}