YORK TIMBER HOLDINGS LIMITED - Unaudited condensed consolidated interim financial results for the six months ended 31 December 2023

Unaudited condensed consolidated interim financial results for the six months ended 31 December 2023

York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1916/004890/06)
JSE share code: YRK 
ISIN: ZAE000133450
("York" or the "Company")

www.york.co.za

Unaudited condensed consolidated interim financial results 
for the six months ended 31 December 2023

Results overview

- Revenue decreased by 2% to R882 million
- Adjusted EBITDA^ decreased by R54 million*
- Debt (including the Absa IMX facility) reduced by R5,4 million. Net debt 
stands at R292 million
- Cash generated from operations decreased by R111 million*
- Biological asset value increased by 5% to R2 657 million
- Net working capital increased by 21% to R155 million
- Earnings per share decreased from 13,26 cents* to 5,64 cents
- Headline earnings per share decreased from 13,27 cents* to 4,67 cents
- Core earnings per share decreased from a loss of 2,62 cents* to a loss 
of 10,06 cents
- Net asset value per share increased from 579 cents to 584 cents
- No dividend has been declared for the six months ended 31 December 2023 
(2022: Rnil)

* The prior period figures have been restated. Refer to note 3 to the unaudited 
condensed consolidated interim financial results.
^ Earnings before interest, taxation, depreciation, amortisation, impairment 
and fair value adjustment on biological assets.

About this announcement

This announcement is the responsibility of the directors. As the
information in this announcement does not provide all of the details, any 
investment decision should be based on consideration of the Group's unaudited 
condensed consolidated interim financial statements for the six- months 
ended 31 December 2023, which are accessible via the following JSE cloudlink: 
https://senspdf.jse.co.za/documents/2024/jse/isse/YRK/Interim24.pdf and can 
be found on the Company's website at: http://www.york.co.za/wp-
content/uploads/2024/03/YorkInterimResults2024.pdf.

On behalf of the Board

Gabriël Stoltz                     Schalk Barnard
Chief Executive Officer            Chief Financial Officer

Sabie, Mpumalanga
28 March 2024

Executive directors: 
Gabriël Stoltz (Chief Executive Officer)
Schalk Barnard (Chief Financial Officer)

Non-executive directors: 
Nonzukiso Siyotula* (Chairperson), Hetisani Mbanyele-Ntshinga*,
Maxwell Nyanteh* (Lead Independent Director), Andries Brink*, 
Andre van der Veen, Lindani Dhlamini*, Alton Solomons, Adrian Zetler
(* Independent)

Registered office: 
York Corporate Office, 3 Main Road, Sabie, Mpumalanga

Postal address: 
PO Box 1191, Sabie, 1260

Auditor: 
Deloitte and Touche

Company Secretary: 
Kilgetty Statutory Services (South Africa) Proprietary Limited

Sponsor: 
One Capital Sponsor Services Proprietary Limited

Sponsor address: 
17 Fricker Road, Illovo, Johannesburg, 2196

Transfer secretaries: 
Computershare Investor Services Proprietary Limited

Date: 28-03-2024 02:40:00
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