SEPHAKU HOLDINGS LIMITED - Audited financial results for the year ended 31 March 2026, Short-form announcement

Audited financial results for the year ended 31 March 2026, Short-form announcement

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
Main Board – General Segment
("SepHold" or the "Company")


                               Audited financial results for the year ended 31 March 2026
                                               Short-form announcement

SepHold hereby reports on the audited financial results for the year ended 31 March 2026 ("FY 2026").
SepHold, Métier Mixed Concrete (Pty) Ltd ("Métier" or "the Subsidiary") and Dangote Cement SA (Pty) Ltd
("SepCem" or "the Associate") are collectively referred to as the Group.

Salient points

SepHold
    -    Group consolidated revenue*: R1,29 billion (FY 2025: R1,18 billion)
    -    Net profit after tax: R93 million (FY 2025 net profit after tax: R74 million)
    -    Basic earnings per share: 40.50 cents (FY 2025 basic earnings per share: 31.57 cents)
    -    Headline earnings per share: 37.91 cents (FY 2026 headline earnings per share: 31.52 cents)

Métier

    -    EBITDA: R196 million (FY 2025: R146 million)
    -    EBITDA margin: 15.2% (FY 2025: 12.4%)
    -    Net profit after tax: R107 million (FY 2025 net profit after tax: R76 million)

SepCem¹

    -    Sales revenue: R2,7 billion (FY 2025: R2,8 billion)
    -    EBITDA: R301 million (FY 2025: R322 million)
    -    EBITDA margin: 11.3% (FY 2025: 11.6%)
    -    Net profit after tax: R25 million (FY 2025 net profit after tax: R43 million)

* The Group revenue is all from Métier's operations as the 100% subsidiary of SepHold.
¹ SepCem has a December year-end as a subsidiary of Dangote Cement PLC ("DCP"). The FY2026 figures are for the 12 months ended
31 December 2025 and FY2025 figures are for the 12 months ended 31 December 2024.


Financial results audio webcast and conference call
An audio webcast and conference call to discuss the financial results will be hosted on Thursday, 2 July 2026 at
11:00 SAST. To receive unique access details, all participants must pre-register using the following hyperlinks:

Webcast link
SepHold FY2026 Results Webcast link

Conference call link
SepHold FY2026 Results Conference Call Registration Link

The results presentation will be available on the Company's website at 7:00 SAST on Thursday, 2 July 2026 for
downloading via the link: http://sephakuholdings.com/investor-centre/presentations/

Audit report
The Company's independent auditor, PricewaterhouseCoopers Incorporated, has issued an unqualified audit
opinion on the underlying annual financial statements. The independent auditor's report includes a section on
key audit matters. The full auditor's report and annual financial statements are available for inspection at the
company's registered office and may also be requested by email at info@sephold.co.za . The full auditors
report and annual financial statements are also available on the Company's website:
www.sephakuholdings.com/investor-centre/results-and-reports.

Director's statement
The information in this short form announcement of the FY2026 audited annual financial statements has been
extracted from audited information but is not itself audited. The FY2026 audited annual financial statement
have been prepared in accordance with IFRS, the SAICA Financial Reporting Guides as issued by the Accounting
Practices Committee and the Financial Pronouncements as issued by the Financial Reporting Standards Council
and the requirements of the Companies Act and the JSE Listing Requirements. The contents of this short-form
announcement are the responsibility of the board of directors of SepHold. Shareholders are advised that this
short-form announcement represents a summary of the information contained in the full announcement,
published on the SENS at https://senspdf.jse.co.za/documents/2026/JSE/ISSE/SEP/FY2026.pdf and on
SepHold's website at www.sephakuholdings.com on 30 June 2026.

The full announcement is available for inspection at no charge during normal business hours at SepHold's
registered office. Copies of the full announcement may also be requested by email at info@sephold.co.za .
Any investment decisions by investors and/or shareholders should be based on consideration of the full
announcement as a whole and shareholders are encouraged to review the full announcement, which is
available for viewing on SENS and the Company's website as set out above.

30 June 2026

Enquiries
Neil Crafford-Lazarus
Financial Director
+27 12 648 6300
info@sephold.co.za

Sponsor: Questco Corporate Advisory Proprietary Limited


About Sephaku Holdings Limited

Sephaku Holdings Limited is a building and construction materials company with a portfolio of investments in the cement and mixed
concrete sectors in South Africa. The company's core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd and 100% in
Métier Mixed Concrete (Pty) Ltd. SepHold's strategy is to generate income and realise value for shareholders through the prod uction of
cement and ready mixed concrete in Southern Africa. www.sephakuholdings.com

Date: 30-06-2026 11:00:00
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