Sharenet Sites 
Sharenet Sites
Trading Statement for the year ended 31 March 2025
Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA ISIN: ZAE000208245
("Capital Appreciation" or the "Group")
TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
In terms of paragraph 3.4 (b) of the Listings Requirements of JSE Limited, a listed company is
required to publish a trading statement as soon as it is satisfied that a reasonable degree of
certainty exists that any of its financial results for the period to be reported on next, will differ by
at least 20% from those of the previous corresponding period.
Capital Appreciation is currently finalising its annual results for the year ended 31 March 2025.
The Group is pleased to report that the Group's Basic Earnings Per Share ("EPS") and Headline
Earnings Per Share ("HEPS") for the year ended 31 March 2025 is expected to be at least 20%
(2.73 cents) higher than the EPS and HEPS of 13.59 cents and 13.61 cents respectively for the
year ended 31 March 2024. A further trading update will be published as soon as the results are
finalised.
As disclosed in the business update published on 27 March 2025, the period has been
characterised by strong financial performance in the Payments division and improved but below-
expectation performance in the Software division. Both the Payments and Software divisions
have continued to attract new clients and diversify their revenue sources. The divisions remain
cash-generative with healthy cash conversion from operations.
The financial information on which this trading statement is based has not been reviewed or
reported on by the Group's external auditors.
The Group's audited financial results for the year ended 31 March 2025 will be released on SENS
on or about 24 June 2025.
Johannesburg
30 May 2025
Sponsor: Investec Bank Limited
Date: 30-05-2025 02:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
