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The Bidvest Group Limited (BDVSY) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

The Bidvest Group Limited (BDVSY) Q2 2026 Earnings Call March 2, 2026 5:00 AM EST

Company Participants

Ilze Roux – Investor Relation Officer
Nompumelelo Madisa – CEO & Executive Director
Mark Steyn – CFO & Executive Director

Presentation

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Operator

Good day, everyone, and welcome to The Bidvest Interim Results Presentation FY ’26. [Operator Instructions] Please note that this event is being recorded. I would now hand you over to Corporate Affairs Executive, Ilze Roux. Please go ahead, ma’am.

Ilze Roux
Investor Relation Officer

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Thank you, Judith. Good morning and good afternoon, everyone. My name is Ilze Roux, the Corporate Affairs Executive, and I have the pleasure of welcoming you to this call today. Thank you for your interest in Bidvest. These results reflect resilience and our focus on operational excellence and cash generation. As is customary, Mpumi Madisa, Group CEO, will make some high-level remarks before Mark Steyn, our Group CFO, delve deeper into these income numbers. Mpumi will then follow with a detailed review of each division’s performance and close with a reflection of progress against our priorities and the outlook. There will be an opportunity to ask questions at the end of the session.

Without further delay, I hand over to Mpumi. Thank you.

Nompumelelo Madisa
CEO & Executive Director

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Thank you very much, Ilze, and good morning or good afternoon, depending on which part of the world you’re joining us from. Thank you for joining us this morning. We are very pleased to present a resilient set of results for the first half year. Reflecting on progress made since the unbundling of Bidcorp in 2016, it’s really pleasing to note the portfolio realignment and the extent to which we have rebuilt our international footprint.

Our 130,000 employees are located in 14 countries across approximately 750 branch locations. Our client

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Bindbridge raises $3.8m to fight herbicide resistance with AI-designed crop protection

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Bindbridge raises $3.8m to fight herbicide resistance with AI-designed crop protection

A Cambridge ag-biotech start-up aiming to reinvent crop protection has secured $3.8 million in early-stage funding to accelerate the development of next-generation herbicides and pest control products using artificial intelligence.

Bindbridge, founded in 2025 by a trio of Cambridge University scientists, is building what it describes as a category-defining platform for agriculture: an AI-driven system capable of designing “molecular glues” to target and degrade specific proteins in weeds and pests. The company believes its approach could help tackle the mounting crisis of herbicide resistance, which is estimated to cost farmers tens of billions of dollars each year.

The funding round was led by Speedinvest and Nucleus Capital, two investors focused on deeptech and climate innovation. The backing will allow Bindbridge to expand its eight-person team, advance its proprietary AI platform and begin laboratory testing of its first agricultural molecular glue candidates within the next 12 months.

The scale of the opportunity is considerable. According to United Nations data, around 40 per cent of global crops are lost to plant pests annually, while plant diseases cost the global economy more than $220 billion each year. Herbicide-resistant weeds alone are estimated to destroy crops worth $70 billion annually. At the same time, regulators are tightening rules on chemical persistence and environmental impact, putting pressure on the traditional agrochemical model.

The global ag-chem industry currently spends up to $9 billion a year on research and development, yet it can take as long as 12 years to bring a new active ingredient to market. Bindbridge argues that the sector’s conventional discovery methods are slow, expensive and increasingly constrained by resistance and regulatory hurdles.

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At the core of the company’s strategy is its AI platform, known as BRIDGE. The system uses computational models to design molecular glues, small molecules that trigger the targeted degradation of specific proteins inside plants or pests. By leveraging the plant’s own intracellular protein control systems, Bindbridge aims to create more precise, potent and environmentally responsible crop protection agents.

Beyond herbicides, the company sees applications for insecticides, fungicides and even sprayable plant traits designed to improve nutrient efficiency, enhance heat tolerance or support carbon sequestration.

George Crane, co-founder and chief executive of Bindbridge, said the agricultural sector is facing “significant performance and sustainability challenges” that demand a fundamentally new approach to product development.

“There’s currently no affordable, rational or systematic way to discover molecular glues at scale for agriculture,” he said. “We’re using AI to rapidly and accurately derive new molecules that can change farming’s future.”

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The investment will also support co-development discussions with major agrochemical companies. Bindbridge says it is already in late-stage talks with industry players to collaborate on targeted protein degradation projects.

Speedinvest investor Namratha Kothapalli said the company was applying modern AI techniques to one of the world’s most consequential industries. “They’re unlocking entirely new chemical space that the industry simply couldn’t reach before,” she said.

Nucleus Capital general partner Dr Isabella Fandrych described the platform as a potential breakthrough in tackling herbicide resistance and strengthening global food systems. “Their computational approach lays the groundwork for a new era of sustainable agriculture,” she said.

Bindbridge’s founding team, Dr George Crane, Dr Alex Campbell and Dr Simeon Spasov, bring experience spanning machine learning engineering, plant biology, chemistry and venture building. With the new capital, the company aims to position itself as a disruptive force in agricultural R&D, combining deep science with scalable AI to address one of the most pressing challenges in global food security.

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Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

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Construction starts on northern suburbs maternity plan

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Sod turned on hospital expansion

Osborne Park Hospital’s expansion plans have begun construction as part of the state’s new maternity blueprint.

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Holi-to-Holi multibaggers: From market favourites to hidden gems, 80 stocks deliver up to 1,822% returns

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Holi-to-Holi multibaggers: From market favourites to hidden gems, 80 stocks deliver up to 1,822% returns
As investors prepare to celebrate Holi on Wednesday, March 4, 2026, the real splash of green has fallen upon these 80 stocks from Indian markets that have turned multibaggers from last Holi, which fell on March 14, 2025. The returns have skyrocketed up to an extraordinary 1,822%, even as Indian equities grappled with tariff concerns, subdued earnings and stretched valuations.

Out of the 80 stocks under review, 17 have delivered over 200% returns in the said period, with Midwest Gold rising up to 1,822%, the highest among its peers. The Karnataka-based company processes granite blocks, including the mining and processing of all other types of minerals. The next is Kalind, which has yielded 1,143% returns.

The other head turners are Belding India, GHV Infra Projects, Cupid, Gujarat Natural Resources, SML Mahindra, Valiant Communications, BGR Energy Systems, Concord Control Systems, CIAN Agro Industries & Infrastructure, Indokem, Spice Lounge Food Works, Lumax Auto Technologies, Force Motors, Mahamaya Steel Industries and MTAR Technologies, which have delivered returns between 201% and 650%.

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Stock market holiday: Are BSE, NSE open or closed on Wednesday for Holi?

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Stock market holiday: Are BSE, NSE open or closed on Wednesday for Holi?
The Indian stock market will remain open on Wednesday, March 4, even as Holi celebrations continue in several parts of the country. The official trading holiday for Holi in 2026 was observed on Tuesday, March 3, and there will be no exchange closure on Wednesday.

The National Stock Exchange (NSE) and BSE follow a pre-declared holiday calendar, and March 3 was the designated closure for Holi this year. Although many states are expected to celebrate Holi on March 4, trading will proceed as usual across equity, derivatives and currency segments.

In 2026, Indian exchanges will remain closed for a total of 15 days, covering a mix of national and religious occasions.

The next closures will be Ram Navami on March 26 and Mahavir Jayanti on March 31. In April, trading will remain suspended on Good Friday, April 3, and Ambedkar Jayanti on April 14. Maharashtra Day on May 1 will also be a holiday.

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Bakri Id on May 28 and Muharram on June 26 will mark additional closures in the first half of the year. In the second half of 2026, markets will be shut for Ganesh Chaturthi on September 14 and Gandhi Jayanti on October 2. Dussehra will be observed on October 20, followed by Diwali Balipratipada on November 10 and Guru Nanak Jayanti on November 24. The final trading holiday of the year will be Christmas on December 25.


Independence Day, August 15, falls on a weekend in 2026, so there will be no additional market closure beyond the regular Saturday break.
Also Read | Silver and gold ETFs jump upto 18% as US-Israel attacks on Iran fuel safe-haven demand. What should investors do?

What next for Indian markets?

The holiday comes amid heightened volatility in domestic equities. On Monday, markets witnessed sharp selling pressure, losing more than 1% amid weak global cues and escalating geopolitical tensions in West Asia. The Nifty opened with a gap down and extended losses during the session before trimming some decline in the final hour to settle at 24,865.

The fall was broad-based. Auto, realty and energy stocks led the losses, while only a few defensive names and select metal stocks showed resilience. Broader markets also remained under pressure, with mid-cap and smallcap indices slipping by more than 1.5%, reflecting widespread caution among investors.

Investor sentiment has deteriorated following a surge in crude oil prices amid Middle East tensions. The spike in oil has raised concerns over inflation, currency pressure and a higher import bill for India, weighing on equities. Volatility indicators have also moved higher as participants reduced exposure amid fears of further escalation.

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Ajit Mishra, Senior Vice President of Research at Religare Broking, said the recent decline has pushed the Nifty closer to its swing low around 24,600.

“A decisive break below this could extend the correction towards the 24,400 mark. On the upside, the 25,000 to 25,250 zone is likely to act as an immediate hurdle in case of any recovery,” he said. Mishra advised investors to maintain a cautious stance, keep position sizes light and focus on disciplined risk management given the current volatility.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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Plastics maker Heyside hopes robot investment will help its sales soar as it secures local support package

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GM Business Growth Hub backs transformation at Oldham business

From left to right: Matt Pryce, managing director at Heyside Group; Janine Smith, director of GM Business Growth Hub; Cllr Arooj Shah, leader of Oldham Council; Garreth Brown, finance & transformation lead, Heyside Group.

From left: Matt Pryce, managing director at Heyside Group; Janine Smith, director of GM Business Growth Hub; Cllr Arooj Shah, leader of Oldham Council; Garreth Brown, finance & transformation lead, Heyside Group(Image: Growth Company)

A plastics manufacturer is hoping to grow capacity by up to 60% after investing in robotics and advanced tooling with the backing of Greater Manchester business support bodies.

Heyside Group, of Oldham, makes PVC injection‑moulded products and processes some 300 tonnes of recycled plastic per week to create products for the traffic management, utilities and infrastructure sectors.

Its ongoing modernisation programme has seen it move away from manual manufacturing with bosses investing in robotics, advanced tooling, digital systems and automated processes. Managers say the move will help it to stay competitive while opening new market opportunities in the UK and beyond. They estimate the project could help grow capacity by 60% and could help the business unlock some £4.8m in additional revenue as it enters new markets.

The business has been supported by the GM Business Growth Hub, which helped bosses access Made Smarter expertise and digital internships, technical assurance from the Northern Engineering and Robotics Innovation Centre (NERIC), materials‑innovation support from CEAMS and decarbonisation guidance from the Green Economy team.

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The Growth Hub also connected Heyside to a £500,000 GMCA loan that has backed the firm’s investment in robotic paint‑spraying systems, new tooling and conveyor upgrades – and two Knowledge Transfer Partnerships with Lancaster University and the University of Salford.

Matt Pryce, managing director at Heyside Group, said: “The Growth Hub’s support has been instrumental in helping us move from traditional manufacturing towards a modern, automated factory environment. From robotics to materials research, the guidance and connections we’ve received have accelerated our progress and strengthened our position for future growth.

“We are excited about the opportunities ahead as we continue to scale our capabilities.”

Cllr Arooj Shah, leader of Oldham Council, said: “Heyside Group’s transformation reflects the strength of Greater Manchester’s business support ecosystem. Their commitment to innovation and modernisation demonstrates how manufacturers can embrace advanced technologies to grow sustainably and competitively.

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“The council is proud to play a role in supporting this progress and looks forward to seeing the next phase of their development.”

Janine Smith, director of GM Business Growth Hub, said: “Heyside is becoming a standout example of innovation-led manufacturing growth in Greater Manchester.

“By connecting the business to the right expertise at the right time – from digital adoption to robotics, research partnerships and funding – we’ve helped create a pathway to long-term competitiveness and new market opportunities. Their progress shows what’s possible when ambition is matched with coordinated support.”

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Opinion: Fresh take needed on AI shift

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OPINION: Artificial intelligence has the potential to disrupt our comfortable existence.

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A major voice in WA’s performing arts sector says the state’s creative industries are set for a shake-up.

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HSBC upgrades Block stock rating on workforce cuts, raises price target to $77

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Thailand’s Public and Private Sectors Unite to Advance Sustainable Tourism and Protect Marine Ecosystems

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Thailand's Public and Private Sectors Unite to Advance Sustainable Tourism and Protect Marine Ecosystems

Thailand’s “Save Maya, Save Pakarang” project promotes sustainable tourism and marine conservation in the Andaman Sea, featuring educational activities and restoration efforts at Maya Bay to protect natural resources.


Key Points

  • Thailand’s “Save Maya, Save Pakarang” project was launched by the Hat Noppharat Thara-Mu Ko Phi Phi National Park, in collaboration with the Andaman Natural Resources Conservation Foundation, to promote sustainable tourism and marine conservation in the Andaman Sea.
  • The project’s opening ceremony, attended by notable officials, featured a conservation forum with discussions on natural resource preservation and educational activities aimed at raising awareness among locals and youth about marine conservation.
  • Participants engaged in hands-on restoration efforts at Maya Bay, including planting coastal trees and installing mooring buoys to protect sensitive coral reefs, showcasing collaboration among government, private sector, educational institutions, and civil society for sustainable natural heritage in Krabi.

Thailand’s Public and Private Sectors Launch Project to Promote Sustainable Tourism and Marine Conservation

Hat Noppharat Thara-Mu Ko Phi Phi National Park, together with the Andaman Natural Resources Conservation Foundation and network partners, launched the “Save Maya, Save Pakarang” project. The initiative aims to promote sustainable tourism and marine conservation in the Andaman Sea.

Krabi Governor Angkoon Silathewakul presided over the opening ceremony at the Hat Noppharat Thara activity grounds. The event was attended by high-ranking officials, including Samran Sinthong, representing the Senate’s Extraordinary Commission on the Protection and Consolidation of the Monarchy, and Protected Areas Regional Office 5 Director Surasak Anuson.

​The project included educational and environmental activities. These featured a conservation forum, where park directors and environmental experts led a panel discussion on natural resource preservation. Learning stations were also set up to raise awareness among local residents and youth about marine conservation.

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The initiative is dedicated to fulfilling the Royal initiatives to conserve and restore Thailand’s marine resources. After the opening ceremony, participants traveled to the world-renowned Maya Bay to engage in hands-on restoration efforts, including planting coastal trees to rehabilitate the shoreline ecosystem and installing mooring buoys. These buoys serve to organize maritime tourism and prevent anchor damage to sensitive coral reefs.

This collaborative effort highlights the commitment of government agencies, the private sector, educational institutions, and civil society to ensuring the long-term sustainability of Krabi’s natural heritage.

Source : Thailand’s Public and Private Sectors Launch Project to Promote Sustainable Tourism and Marine Conservation

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Analysis-Toyota’s buyout deal is a bigger win for Elliott than for governance

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