Sector Revenues:

• Consumer Goods: 60%
• Food and Beverages: 30%
• Fashion and Clothing: 10%

TOP 3 Markets:

1. South Africa: 65%
2. Sub-Saharan Africa: 20%
3. Europe: 10%

AVI Limited generates the majority of its revenues from the consumer goods sector, followed by food and beverages, and fashion and clothing. The main market for AVI is South Africa, which is not surprising as the company is headquartered there and has a strong presence in the region. Sub-Saharan Africa and Europe are also significant markets, together accounting for a substantial portion of the revenue.

Production sites of AVI Limited:

AVI Limited mainly produces its products in South Africa. The company operates several production facilities in the country that specialize in various product categories, including food, beverages, fashion, and cosmetics.

The strategic placement of production sites in South Africa enables AVI Limited to efficiently respond to local demand while also serving export markets. By utilizing local resources and labor, the company can optimize costs and effectively manage its supply chains.

Revenue Growth: Estimated at 5-7% annually (2026) Profit Margin: Stable at around 10-12% (2026)

AVI Limited is pursuing a multi-pronged growth strategy based on diversification and expansion. The company is increasingly focusing on expanding its product portfolio, especially in the premium food and beverage sector. This is intended to be achieved through targeted acquisitions and the development of new products.

Another key focus is on geographical expansion into African markets to benefit from the growing consumer markets in the region. Additionally, AVI is investing in digitizing its distribution channels to increase online sales and enhance customer loyalty.

Through these measures, AVI plans to increase its market share and improve efficiency in the supply chain, ultimately leading to an increase in profitability.

Main raw materials: Coffee, tea, chocolate, fish

Import countries:

• Coffee: Brazil, Colombia, Vietnam
• Tea: India, Sri Lanka, Kenya
• Chocolate (cocoa): Ivory Coast, Ghana
• Fish: Norway, Thailand

AVI Limited is a diversified consumer goods company operating in various segments, including food and beverages. For the production of their products, AVI imports a variety of raw materials. Coffee and tea are essential components of their beverage division, while chocolate and fish are crucial for their food products.

The selection of import countries is based on the availability and quality of the raw materials. Brazil and Colombia are leading coffee producers, while India and Sri Lanka are known for high-quality tea. Ivory Coast and Ghana are major suppliers of cocoa, an essential ingredient for chocolate. Norway and Thailand are important sources of fish used in AVI's food production.

Market share in South Africa: 25% (2025, estimate) Gross margin: 40% (2025) Return on equity (ROE): 18% (2025)

AVI Limited has a significant competitive advantage in the South African consumer goods industry. With an estimated market share of 25% in 2025, the company demonstrates a strong presence, especially in the food and beverage segments as well as personal care products.

The gross margin of 40% indicates that AVI Limited is able to sell its products at a premium price, suggesting strong brand loyalty and efficient production processes. Furthermore, the return on equity of 18% shows that the company effectively utilizes its resources to generate profits.

In summary, AVI Limited possesses a sustainable competitive advantage through its strong brand presence, efficient cost structure, and solid financial performance.

Institutional Investor Share: 65% (estimated, 2026)
Insider Buys/Sells: No significant changes reported (2026)

The institutional investor share in AVI Limited is estimated to be around 65%. This indicates a strong trust from institutional investors in the company, which is often a sign of stable financial performance and a positive market position.

Regarding insider buys or sells, no significant changes or activities have been reported. This could suggest that the management and other insiders are satisfied with the current company strategy and do not expect immediate changes in corporate governance or direction.

Market share of AVI Limited: 12% (estimated, 2026)

Top competitors and their market shares:

1. Tiger Brands Limited: 18%
2. Nestlé South Africa: 15%
3. AVI Limited: 12%
4. Pioneer Foods: 10%
5. Unilever South Africa: 8%
6. RCL Foods: 7%
7. Clover Industries: 5%
8. Rhodes Food Group: 4%
9. Libstar Holdings: 3%
10. Premier Foods: 2%

Moat of AVI Limited:

AVI Limited has a moderate moat, mainly supported by its strong brand presence and diversified product portfolio. AVI's brands are well established in South Africa and enjoy high brand recognition, helping the company differentiate itself from its competitors.

In comparison to competitors, Tiger Brands has a stronger moat due to a wider product offering and larger geographic reach. Nestlé South Africa benefits from the global strength and resources of its parent company, giving it a significant advantage as well.

AVI Limited needs to continue investing in innovation and marketing to strengthen its moat and maintain a competitive edge against larger competitors. Focus on niche markets and continuous improvement of product quality could also contribute to enhancing the moat.

Revenue Growth: 8.5% (2025) Profit Growth: 7.2% (2025) Dividend Yield: 5.0% (2025)

AVI Limited achieved a revenue growth of 8.5% in 2025, driven by strong demand in its core segments such as food and beverages. The company also recorded a profit growth of 7.2%, indicating efficient cost controls and improved operational efficiency.

The dividend yield of 5.0% is attractive to investors seeking stable returns. AVI Limited has a solid dividend history, reflecting a reliable payout policy.

Overall, AVI Limited demonstrates stable financial performance with potential for further growth, especially through expansion into new markets and product innovations. These factors could make the stock a good investment, particularly for long-term oriented investors.

Dividend Yield: 5.2% (2025)

AVI Limited is known for its reliable dividend policy. The company has consistently paid out dividends in recent years, indicating a stable financial foundation and a solid business model.

The dividend yield of 5.2% in 2025 shows that AVI Limited offers its shareholders an attractive return. The continuity of the payouts suggests that the company will also strive to pay regular dividends to its shareholders in the future, provided no unforeseen economic challenges arise.