Samro Achieves The Highest Revenue And Royalty Distributions In A Decade

Samro has reached unprecedented financial growth, achieving the highest revenue ever and the lowest Cost-to-Income CTI ratio in ten years.

This financial success positively benefits members by facilitating increased royalty distributions and fair compensation. The ongoing emphasis on financial sustainability and operational efficiency highlights the organizations dedication to maximizing member earnings while bolstering long-term stability.

During its 2024 Annual General Meeting AGM on December 5, SAMRO reported a notable 15.2 rise in Total Company Licence Revenue, increasing from R593.7 million in 2023 to R683.8 million in 2024.

This expansion is fueled by a diversified licensing that has opened up new revenue avenues and strengthened SAMRO's mission to optimize value for its members.

Furthermore, new business generated R35.9 million in total revenue, marking a 32.5 year-on-year growth, while digital revenuea crucial growth sectorrose by 56.3, indicating a significant change in music consumption trends.