ASTRAL FOODS LIMITED - Unaudited Interim Results for the six months ended 31 March 2023

Unaudited Interim Results for the six months ended 31 March 2023

Astral Foods Limited
Incorporated in the Republic of South Africa
Registration no: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757

Unaudited Interim Results for the six months ended 31 March 2023

- Revenue up 6%
- Operating profit down 89%
- Earnings per share down 89%
- Headline earnings per share down 88%
- Net cash outflow down R1.2 billion
- No dividend down 100%

FINANCIAL RESULTS
                                              Unaudited             Unaudited         Audited
                                             six months            six months       12 months
                                                  ended                 ended           ended
                                               31 March              31 March    30 September
                                                   2023        %         2022            2022
                                                  R'000   change        R'000           R'000
Revenue
From continuing operations                    9 963 795        6    9 427 269      19 333 850
From discontinued operations                          -     (100)      91 553         125 795
Profit before interest and tax                                                    
(operating profit)                                                                
From continuing operations                       98 047      (88)     785 326       1 439 778
From discontinued operations                          -     (100)       8 686          17 743
Profit for the period                                                             
From continuing operations                       62 037      (89)     546 860       1 054 616
From discontinued operations                          -     (100)      14 979          15 960
Total assets                                  9 006 990       11    8 139 428       8 438 309
Total equity                                  4 571 825        1    4 508 355       4 786 007
Total liabilities                             4 435 165       22    3 631 073       3 652 302
Earnings per share                                R1.62      (89)      R14.56          R27.81
From continuing operations                        R1.62                R14.22          R27.45
From discontinued operations                          -                 R0.33           R0.36
Headline earnings per share                       R1.63      (88)      R14.20          R27.62
From continuing operations                        R1.63                R13.86          R27.26
From discontinued operations                          -                 R0.33           R0.36
Dividends per share - declared out of                                             
earnings for the period                                                           
- Interim dividend                                    -                 R7.90           R7.90
- Final dividend                                      -                 R5.90     
- Total dividend                                      -                R13.80     

REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the full announcement of the Unaudited
Interim Results.

The contents of this short-form announcement are the responsibility of the board of directors of Astral
("Board"). The information in the short-form announcement is a summary of the full announcement available
on the Company's website at the following link: https://www.astralfoods.com/assets/AstralSENS.pdf,
and accordingly does not contain full or complete details. The full announcement can also be accessed
online at the following link: https://senspdf.jse.co.za/documents/2023/jse/isse/ARL/ie2023.pdf.

Any investment decisions by shareholders/investors should be based on the full announcement as released
on the JSE's website and published on the Company's website, www.astralfoods.com. The full announcement
is available at the Company's registered office (for inspection, at no charge, during office hours on any
business day). Copies of the full announcement may be requested from the registered office of the
Company by e-mailing such a request to contactus@astralfoods.com.

On behalf of the Board

T Eloff
Chairman

CE Schutte
Chief Executive Officer

Pretoria
22 May 2023

Sponsor
Nedbank Corporate and Investing Banking, a division of Nedbank Limited






Date: 22-05-2023 07:05:00
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