JSE-listed IT services group iOCO expects to report interim EPS of between 27c and 30c amid restructuring success.

TechCentral

JSE-listed IT services company iOCO (formerly EOH Holdings) has issued a trading update forecasting interim earnings per share of 27c–30c for the six months to end-January 2026, representing a 42%–58% increase over the prior comparable period. The improvement is attributed to early benefits from its three-step turnaround strategy: cost rationalisation, a decentralised operating model, and disciplined capital allocation. The company has also been actively buying back shares, repurchasing 9.38 million shares worth R38.82-million since August 2025. This follows a turbulent period in which the company, then known as EOH Holdings, was embroiled in state capture corruption scandals. Co-CEO Dennis Venter recently resigned, with full financial results due on 18 March 2026.

iOCO expects up to 58% jump in interim earnings

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