Wrap Text
Summarised Unaudited Interim Group Results for the Six Months ended 28 February 2025
ENX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
JSE share code: ENX ISIN: ZAE000222253
("enX" or "the Group")
General Segment
SUMMARISED UNAUDITED INTERIM GROUP RESULTS
for the six months ended 28 February 2025
- Revenue from continuing operations of R1.134 billion (2024: R1.266 billion), down 10%
- HEPS from continuing operations of 22c per share (2024: 31c per share), down 29%
- Profit before tax from continuing operations of R64 million (2024: R79 million), down 19%
- Net asset value per share of R8.65 (31 August 2024: R9.06)
For the period For the period For the year
ended ended ended
28 February 29 February 31 August
2025 2024 2024
(cents) (cents) (cents)
Total operations:
Basic earnings per share (44) 86 115
Diluted earnings per share (44) 86 115
Headline earnings per share 47 196 297
Net asset value per share ** 865 1 386 906
Net tangible asset value per share 865 1 361 885
** Equity attributable to equity holder of the parent/Number of shares in issue less treasury shares.
For the period For the period For the year
ended ended ended
28 February 29 February 31 August
2025 2024# 2024
(cents) (cents) (cents)
Continuing operations:
Basic earnings per share 22 31 29
Diluted earnings per share 22 31 29
Headline earnings per share 22 31 29
Discontinued operations:
Basic earnings per share (66) 55 86
Diluted earnings per share (66) 55 86
Headline earnings per share 25 165 268
# The Prior Period has been restated due to the classification of enX's Lubricant segment, AG Lubricants, as a disposal group held for sale and
discontinued operation as at 1 December 2024. The Prior Period EPS, Diluted EPS and HEPS remain unchanged on a total enX Group basis. The split
between continuing and discontinued operations has, however, changed due to AG Lubricants being classified as a disposal group held for sale and
discontinued operation from 1 December 2024.
The results for the half-year reflect a good performance in the Chemical segment but, with almost no load-shedding in the current
period, demand within Power reduced considerably compared to the prior period.
The net asset value per share was R8.65 per share (31 August 2024: R9.06). A special distribution of R1.55 per ordinary share,
amounting to R283 million, was declared on 12 March 2025 and paid on the 7 April 2025 after the current reporting period.
Revenue from continuing operations decreased 10% to R1.134 billion (2024: R1.266 billion). Revenue within the Chemical segment was
similar to the prior period with average selling prices of chemicals being up, but was offset with lower period-on-period volumes.
Power revenues across all revenue streams were down significantly due to minimal load-shedding, which previously presented
significant opportunities.
Operating profit from continuing operations before net finance costs and impairments, was R41 million (2024: R69 million), down
significantly due to lower demand in Power compared to the same period last year offset by better margins from the Chemicals
segment.
Net financing income was R23 million (2024: R10 million) due to lower borrowings and higher cash balances.
Profit before tax from continuing operations was R64 million (2024: R79 million), down 19%.
Headline earnings per share from continuing operations was 22 cents per share (2024: 31 cents per share), down 29%.
The financial results for the six months ended 28 February 2025 have not been audited or reviewed by the Group's external auditors.
This short-form announcement is the responsibility of the directors of the Company. This short-form announcement is only a
summary of the full announcement which is published on the Company's website (https://www.enxgroup.co.za/interim-results) on
14 May 2025 and does not contain complete or full details. Any investment decisions by investors and/or shareholders should be
based on consideration of the full announcement.
The full announcement can be accessed directly using the following JSE link:
https://senspdf.jse.co.za/documents/2025/jse/isse/enx/HY2025.pdf
Copies of the full announcement is available for inspection at the Company's registered office and may be requested during office
hours at no charge by emailing info@enxgroup.co.za or from the Company Secretary at enx@acorim.co.za
By order of the board
P Baloyi R Lumb J Dawson
Chairman Chief Executive Officer Chief Financial Officer
14 May 2025
DIRECTORS
Executive directors: R Lumb (Chief Executive Officer), J Dawson (Chief Financial Officer)
Non-executive directors: P Baloyi (Chairman), Z Matthews*, R Mokhobo^, N Simamane*
(*Independent, ^ Lead Independent)
Registered office: 9th Floor, Katherine Towers, 1 Park Lane, Sandton, 2196
Postal address: PostNet Suite X86, Private Bag X7, Aston Manor, 1630
Sponsor: The Standard Bank of South Africa Limited
Company secretary: Acorim Proprietary Limited, represented by R Cloete
Transfer secretaries: Computershare Investor Services Proprietary Limited
Date: 14-05-2025 10:00:00
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