HUGE GROUP LIMITED - Short-form announcement:Audited consolidated financial results for the financial year ended 28 February 2025 and IAR

Short-form announcement:Audited consolidated financial results for the financial year ended 28 February 2025 and IAR

 HUGE GROUP LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 2006/023587/06)
 Share code: HUG ISIN: ZAE000102042
 ("Huge Group" or "the Company")

SHORT-FORM ANNOUNCEMENT:
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED
28 FEBRUARY 2025 AND AVAILABILITY OF INTEGRATED ANNUAL REPORT

The board of directors of the Company (the Board) is authorised to present the
financial results for the year ended 28 February 2025 (the Financial Results).

SALIENT FEATURES

Huge Group is an investment entity in terms of International Financial Reporting
Standards (IFRS Accounting Standards): IFRS 10. The performance measures
relevant to the Company's financial results are:

                                           Financial year         Financial year
                                                    ended      ended 29 February
                                         28 February 2025                   2024
                                                (Audited)              (Audited)
 Net asset value per share     Cents               928.69                 964.54

 Operating profit              R'000             (61 514)                 35 374
 Headline earnings per         cents              (35.65)                  20.50
 share
 Earnings per share            cents              (35.65)                  20.50

DIVIDEND

No dividends have been declared or paid for the year ended 28 February 2025
and 29 February 2024.

INVESTMENT ENTITY STATUS

IFRS requires that an entity annually reassesses whether it is an investment entity
and if facts or circumstances indicate changes to one or more of the elements
characteristics of an investment entity, it may be required to change its basis
of accounting.

An investment entity does not consolidate its subsidiaries (other than
subsidiaries that provide services related to the investment entity's investment
activities, such as those subsidiaries comprising Huge Group's head office
operations, being Huge Management Company Proprietary Limited, Huge
Soho Proprietary Limited, and Huge SPV 1 Proprietary Limited), but rather
measures its subsidiaries at fair value through profit or loss.

Huge Group has re-assessed its status as an entity and has determined that it
continues to exhibit the characteristics of an investment entity in terms of
IFRS10.

AVAILABILITY OF THE INTERGRATED ANNUAL REPORT

The Company's Integrated Annual Report, incorporating the audited financial
statements for the year ended 28 February 2025, is available on the
Company's website at:
https://www.hugegroup.com/financials

The Company's Integrated Annual Report will be issued to shareholders on
Friday, 30 May 2025.

SHORT-FORM ANNOUNCEMENT

This short form announcement is the responsibility of the Board and is only a
summary of the information contained in the Integrated Annual Report.

The Financial Results have been audited by Huge Group's auditor, Moore
Johannesburg Incorporated, who have expressed an unmodified audit
conclusion thereon.

This short-form announcement does not contain full or complete details
pertaining to Huge Group's results. Any investment decisions by investors
and/or shareholders should be based on consideration of the Integrated
Annual Report, which may be downloaded from the Company's website at:
https://www.hugegroup.com/financials and which may also be viewed at the
registered offices of the Company and the Sponsor, at no charge, during office
hours from the date of this announcement for a period of 30 days.

The Full Announcement is also available on the JSE's website at:
https://senspdf.jse.co.za/documents/2025/jse/isse/HUG/YE2025.pdf.

Johannesburg

30 May 2025

Sponsor
Questco (Pty) Ltd

Date: 30-05-2025 04:56:00
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