Wrap Text
Unreviewed condensed consolidated results for the six months ended 31 August 2025
INSIMBI INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No: 2002/029821/06)
Share code: ISB
ISIN code: ZAE000116828
("Insimbi" or "the Group" or "the Company")
UNREVIEWED CONDENSED CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2025
PROFILE
Insimbi is a Group of companies that sustainably source, process, beneficiate and recycle metals. The core business
expertise is the ability to source and provide local, regional, and global industrial consumers with the required commodity
over its three distinct business segments. The Group herewith announces its unreviewed condensed consolidated
financial results for the six months ended 31 August 2025.
FINANCIAL INDICATORS
2025 2024 % Change
Revenue (R'000) 2 754 265 2 706 581 2%
Net Loss (R'000) (8 634) (9 434) 8%
Operating profit (R'000) 25 184 15 223 65%
Cash (utilised in)/generated from operations (R'000) Note 1 (30 922) 36 607 (184%)
Earnings before interest, tax, depreciation and amortisation ("EBITDA") 36 470 30 658 19%
(R'000)
Earnings per share (cents) (2.69) (2.61) (3%)
Headline earnings per share (cents) (1.30) (1.22) (6%)
Net Asset Value per share (cents) Note 2 170.70 204.91 (17%)
Note 1: R158 million was received from debtors in the first week after month-end, delayed only because the due date
fell on a non-banking Sunday.
Note 2: On 28 February 2025 the group recognised impairments of goodwill totalling R78million, which resulted in a
decrease of Net Asset Value per share of 12%.
OVERVIEW
The past year has been one of continued challenges but also resilience and progress across our Group. The decision to
streamline operations has resulted in a significant reduction in costs.
The trading environment remains complex. Uncertainty around US tariffs continues to weigh on sentiment, particularly
for the local automotive industry. Meanwhile, Arcelor Mittal New Castle has officially commenced winding down, this is
expected to create opportunities for other mills, which will in turn benefit our operations. On the restructuring front, the
ferrous segment has stabilised and is now operating at a more sustainable monthly cost base.
Across the Group, ferrous volumes continue to grow steadily despite the ongoing uncertainty in the local steel sector
Encouragingly, our non-ferrous segment has also shown steady volume growth on last year. That said, tariff
developments remain volatile, with recent announcements undoing some of the recovery seen earlier in the year. Our
export division delivered solid growth, which helped offset some of the decline in our aluminium operations, while
revenues remained consistent overall. Seasonal winter weakness weighed on the local foundry and steel divisions, yet
encouragingly, margins have held up well.
The Refractory segment provides encouragement, having recovered strongly after a slow start to the year. Historically,
the performance of this segment has served as a leading indicator for infrastructure investment, with positive momentum
here often preceding upturns in steel, foundry, ferrous and non-ferrous markets by six to nine months.
Looking ahead, while the external environment is likely to remain volatile, the strategic actions we have taken are
positioning the Group to operate more efficiently, capitalise on opportunities in adjacent markets, and build on the
resilience demonstrated over the past year.
SHORT FORM ANNOUNCEMENT
This short form announcement is the responsibility of the Board and is only a summary of the information contained in
the full announcement ("Full Announcement") and does not contain full or complete details. The Full Announcement
published on SENS is available at https://senspdf.jse.co.za/documents/2025/jse/isse/ISBE/HY2026.pdf.
Any investment decisions in relation to the Company's shares should be based on the Full Announcement. Copies of
the Full Announcement are available on the Group's website at www.insimbi-group.co.za
The information in this announcement has not been audited or reviewed by the Group's auditors.
Directors: F Botha (Chief Executive Officer)
N Winde (Chief Financial Officer)
RI Dickerson* (Chairperson)
N Mwale*
CS Ntshingila*
(*non-executive)
Company Secretary: N Legodi
Registered office: Stand 359 Crocker Road, Wadeville, Germiston, 1422
Website: www.insimbi-group.co.za
Sponsor: PSG Capital Proprietary Limited
Transfer Secretaries: Computershare Investor Services Proprietary Limited
Auditors: Moore Cape Town Inc.
Johannesburg
17 October 2025
Sponsor
PSG Capital
Date: 17-10-2025 04:00:00
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