CURRO HOLDINGS LIMITED - Trading Statement And Publication Date Of The Financial Results For The Six Months Ended 30 June 2022

Trading Statement And Publication Date Of The Financial Results For The Six Months Ended 30 June 2022

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1998/025801/06)
JSE Equity Alpha Code: COH
LEI: 378900E237CB40F0BF96
ISIN: ZAE000156253
JSE Debt Alpha Code: COHI
(“Curro” or “the Company”)


TRADING STATEMENT AND PUBLICATION DATE OF THE FINANCIAL RESULTS FOR
THE SIX MONTHS ENDED 30 JUNE 2022

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period. The Company hereby advises that it expects the financial
results for the six months ended 30 June 2022 to fall within the following ranges:

                         Reported results                    Forecast
                           for the six                  for the six months
                          months ended                         ended
                          30 June 2021                     30 June 2022
                              
                              cents                 cents                 change
 
Recurring headline
                                                                  Increase of between 22.2%
 earnings per share             19.4             23.7 to 27.1
                                                                          and 39.7%
 (“RHEPS”)

 Headline earnings                                                Increase of between 33.5%
                                19.4             25.9 to 29.1
 per share (“HEPS”)                                                       and 50.0%


 Earnings per share                                               Increase of between 19.4%
                                21.7             25.9 to 29.1
 (“EPS”)                                                                  and 34.1%


In evaluating these results, shareholders should take into account that Curro’s Meridian
subsidiary received long overdue education subsidy income from the provincial government
in the first half of this year, which is treated as non-recurring in this period.

This subsidy income is included in the calculation of EPS and HEPS but is removed for
purposes of the calculation of RHEPS, and accordingly accounts for the key difference
between RHEPS and HEPS and EPS.

The Company had 597 961 595 shares in issue throughout the first half of this year and the
previous comparable period.

Results announcement

The Company is currently finalising its financial results for the six months ended
30 June 2022. These results will be published on Thursday, 18 August 2022 and a webcast
of the results presentation is scheduled for 10:30 on the same day.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company.

Durbanville
26 July 2022

Equity and Debt Sponsor
PSG Capital 

Independent Joint Equity Sponsor
Tamela Holdings  

Date: 26-07-2022 08:30:00
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