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Trading Statement for the six months ended 31 March 2025
Pepkor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share code: PPH
Debt code: PPHI
ISIN: ZAE000259479
LEI: 3789006D677C34F69875
("Pepkor" or the "group")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2025
In terms of the JSE Limited ("JSE") Listings Requirements, a listed company is required to publish
a trading statement as soon as it becomes aware that a reasonable degree of certainty exists that
the financial results for the financial period to be reported on next will differ by at least 20% from
the financial results for the previous corresponding period.
Pepkor's performance during the six months ended 31 March 2025 ("H1FY25") benefited from
strong trading in the group's core Traditional Retail operations while FinTech continued to deliver
aggressive growth.
Discontinued operations in the prior comparable period ("H1FY24") includes The Building
Company which was successfully disposed of on 30 September 2024. H1FY25 results do not
include any discontinued operations.
Shareholders and noteholders are hereby advised that a reasonable degree of certainty exists
that the group's headline earnings per share ("HEPS") and earnings per share ("EPS") for
H1FY25, when compared to the previous corresponding period, are expected to fall within the
ranges reflected in the table below.
Continuing operations H1FY25 expected H1FY25 expected H1FY24
range change actual
(cents) (%) (cents)
EPS 79.9 to 87.5 6% to 16% 75.4
HEPS 81.0 to 88.5 8% to 18% 75.0
Normalised HEPS** 80.4 to 87.5 13% to 23% 70.9
** Normalised HEPS: As reported at Pepkor's FY24 and interim FY24 results on 26 November
2024 and 28 May 2024 respectively, the group's effective tax rate was expected to normalise in
FY25 and interim FY25 results due to a tax settlement in FY23 and subsequent remeasurement
of uncertain tax positions.
Total operations - including H1FY25 expected H1FY25 expected H1FY24
discontinued operations range change actual
(cents) (%) (cents)
EPS 79.4 to 86.1 18% to 28% 67.4
HEPS 81.6 to 89.3 5% to 15% 77.7
Results announcement and webcast
Pepkor's interim results for the six months ended 31 March 2025 will be published on SENS on
or about Tuesday, 27 May 2025.
A results presentation will be held at 10:00am (SAST) on Tuesday, 27 May 2025. The webcast
registration link will be made available prior to publication of the results on the Pepkor website:
www.pepkor.co.za.
The information included in this announcement has not been reviewed and reported on by the
group's external auditors.
Parow
16 May 2025
Equity and Debt sponsor
Investec Bank Limited
Date: 16-05-2025 02:00:00
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