Trading Statement for the Year ended 30 June 2024
Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002097/06)
Share code: SFN ISIN: ZAE000006565
("Sasfin" or "the Company" or "the Group")
TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
In accordance with section 3.4(b) of the JSE Listings Requirements, shareholders are advised
of the following expectations regarding the Company's financial results for the year ended 30
June 2024.
30 June 2024 30 June 2023
Expected
Aggregate Group EPS (cents) (185.79) - (205.35) 353.65
Aggregate Group HEPS (cents) (181.41) - (200.50) 366.18
Aggregate (combines continued and discontinued operations)
Brackets denote losses per share
While our core Wealth and Asset Finance businesses continued to perform strongly over the
period, the Group is expected to make a loss. The expected loss is largely due to an increase
in expected credit losses and negative fair value adjustments due to the impact of the
challenging economic environment as well as high once-off costs, including a provision raised
in respect of administrative sanctions. Sasfin has made meaningful progress in executing its
strategic reset, including disposing of non-core activities, which has resulted in higher net
available cash and a strengthened balance sheet.
The financial information in this trading statement has not been reviewed or reported on by
the external auditors of the Company.
The Company's financial results for the year ended 30 June 2024 are expected to be published
in the coming days.
Johannesburg
14 October 2024
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 14-10-2024 12:17:00
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