INSIMBI INDUSTRIAL HOLDINGS LIMITED - Update to the initial trading statement

Update to the initial trading statement

INSIMBI INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB
ISIN: ZAE000116828
("the Company")




UPDATE TO THE INITIAL TRADING STATEMENT


On 11 March 2025, the Company published a trading statement in which it advised shareholders that a
reasonable degree of certainty existed that earnings per share ('EPS') and headline earnings per share
("HEPS") are expected to decrease by at least 20%, respectively, compared to the previous
corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that, for the year ended
28 February 2025 ("Current Period"):

-   earnings per share ("EPS") will decrease by more than 100%, which is a decrease of at least 11.86
    cents per share, when compared to the EPS of 11.86 cents for the year ended 29 February 2024;
    and
-   headline earnings per share ("HEPS") will decrease by more than 100%, which is a decrease of at
    least 12.54 cents per share, when compared to the HEPS of 12.54 cents for the year ended 29
    February 2024.

The results of the Company have been negatively impacted by:
- Non-recurring costs and the associated tax implications relating to the repurchase of shares and
  disposals of certain business assets as explained in the circular published on SENS on 11 July
  2024;
- Year-end impairments and provisions, some of which has adversely affected the gross profits;
- Subdued revenues and margins throughout the year due to local and global market uncertainty,
  particularly within the aluminium and steel sectors;
- Foreign exchange losses due to the volatility in exchange rates;
- Higher-for-longer interest rates during the first half of the financial year and
- Other non-recurring costs incurred due to strategic restructuring and optimisation of operations
   within the group.

A further trading statement, as required in terms of the JSE Listings Requirements, will be released on
SENS as soon as the Company has a reasonable degree of certainty on the expected EPS and HEPS
ranges or numbers for the Current Period.

The audited results for the Current Period are expected to be published on or about 30 May 2025.
The financial information on which this trading statement is based has not been reviewed nor reported
on by the Company's external auditors.

Johannesburg
16 April 2025

Sponsor
PSG Capital

Date: 16-04-2025 02:47:00
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