The Necsa Group’s financial results for the 2025 financial year tabled before the Parliament’s Portfolio Committee on Electricity and Energy (PCEE) showed positive results with a net profit after tax of R125.2m. It also showed a 93% achievement on its Shareholder Compact targets and a clean audit opinion.
The session followed the PCEE’s oversight visit to the Necsa Group at Pelindaba on 8 October 2025 where they were given an overview on company activities and visited the research reactor, medical isotope production facilities and the Necsa Learning Academy.
““The positive operational and governance results bear testimony to a hard-working team of employees and guidance from our oversight bodies and support of stakeholders,” said Necsa Group CEO Mr Loyiso Tyabashe.
The organisation has recorded commendable progress in the past four financial years with the successful implementation of the turnaround strategy that was approved by the Board in 2021. At the core of the strategy was financial sustainability, efficient operations and good governance. The radioisotopes subsidiary NTP posted good results amidst volatility in global markets ending at a net profit after tax of R118.3m and a clean audit. The fluorochemical subsidiary Pelchem ended on a negative net profit after tax at R28.82m, however reducing its losses compared to the previous financial years and achieved an unqualified audit.
Future plans for the Necsa Group include six High Impact Programmes that will cement Necsa’s role in the nuclear technology and development space including the nuclear energy industry at large. This will be done through the implementation of these programmes that include the re-establishing the front-end nuclear fuel cycle, positioning itself in the development of small modular reactors (SMRs), extending the life of SAFARI-1 and building a new multipurpose nuclear research reactor (MPR), increasing its footprint for the radioisotope production and services, beneficiating fluorochemicals and stabilising that businesses as well as capacitating and strengthening skills development for the nuclear industry and other industries in general. These programmes will set Necsa on a growth path and allow South Africa to occupy centre stage in the global nuclear technology industry.