Business

Iconic South African security company slammed by another loss

Jonathan Hoyle

 ·11 Sep 2026

Trellidor has seen its revenue decline in 2026, following years of falling share prices and weakening financial results.

The company reported revenue of roughly R293 million for the 2026 financial year, a R74.4 million decline from the previous reporting period.

While the company recorded a loss of over R16 million for the year, it was an improvement on its 2025 loss of R39.5 million.

Headline losses per share also improved from –31.5 cents to –17.3 cents, with Trellidor also declaring no dividends for the year.

While results are poor for Trellidor, the company said its results should be viewed as a step towards ongoing simplification and turnaround efforts.

“While the financial outcome is not satisfactory, the strategic progress made during the year has materially improved the Group’s focus and its capacity to pursue growth in its core markets,” it said.

The company sold two of its subsidiaries, namely Taylor Blinds and NMC, in an attempt to simplify its balance sheet.

The companies were reportedly sold for up to R90 million to reduce Trellidor’s overall debts and allow capital to be re-allocated.

“These disposals have simplified the group structure and enabled management to focus capital, resources, and leadership attention on the core Trellidor business,” the company said.

“The disposals have also strengthened the Trellidor balance sheet, with debt reduced by R21.6 million during the year.”

The company’s remaining net debt is approximately R56.8 million, and it noted that its medium-term growth strategies will not require additional debt.

Trellidor said its focus for the next financial year will be on increasing its sales capacity and expanding its geographic footprint.

Its plans involve using its existing manufacturing capacity and relying on the weight of its brand, which it says “continues to hold meaningful equity.”

Years of decline for Trellidor

In the last five years, Trellidor’s share price has fallen by approximately 62.5% as it has struggled to grow its business.

The company has now seen two consecutive years of losses, following its rebound in 2024, where profits rose to roughly R34.7 million.

Following this, the company reported a full-year loss of R39.5 million, as debt and lease repayments weighed on its revenue.

The largest drop in Trellidor’s share price occurred in February 2026, following a trading statement by the company warning of a significant decline in earnings per share.

In the week that followed this announcement, Trellidor’s share price fell by 28% from 196 cents to 141 cents.

Trellidor has been a household name in South African security for many years, following its founding in 1975.

The company manufactures and provides home security gates and other related household protection items.

In 2021, research from Budget Insurance found that approximately 83% of households outside of estates had security gates installed in South Africa.

In total, South Africa had over 1 million households with security gates, with many worried about the high number of break-ins in the country.

Between April and June 2026, South Africa recorded over 29,000 burglaries from residential premises, demonstrating why security is a high priority for many homeowners.

In its latest financial results, Trellidor acknowledged the high demand for security-related products in South Africa.

The company said there was strong commercial and retail demand in areas where it had an adequate distribution presence.

“Stronger South African commercial and retail demand demonstrated the resilience of demand where selling capacity, focus, and distribution are in place,” it said.

It also noted positive growth in several provinces, including KwaZulu-Natal, the Free State, and the Western Cape.

Trellidor 2026 financial results