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Trading Statement for the Six Months Ended 30 September 2025
PBT Holdings Limited
(Previously PBT Group Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
JSE Share code: PBT
ISIN: ZAE000256319
Main Board – General Segment
("PBT Holdings" or "the Company" or "the Group")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2025
Shareholders of PBT Holdings ("Shareholders") are advised that the Company is satisfied that a reasonable
degree of certainty exists that the expected earnings per share ("EPS") and headline earnings per share
("HEPS") for the current period, being the six months ended 30 September 2025 ("HY2026") will differ by at
least 20% from that of the previous corresponding period, being the six months ended 30 September 2024
("the prior period") and that a trading statement is required in terms of the JSE Limited Listing Requirements.
Our Evolution
PBT Group has evolved over the years and has grown to more than a single brand and service offering. To
better reflect its entire service offering and to align with its growth strategy, Shareholders have approved the
name change of the Company to PBT Holdings, effective today. PBT Holdings remains a leading technology
business delivering enterprise-scale solutions and services to blue-chip, mainly JSE-listed clients. Services
are provided to clients via three core brands, being PBT Technology Services (trading as PBT Group), PBT
Insurance Technologies (trading as PBTit) and CyberPro Consulting.
The PBT Holdings website is now live and can be accessed at www.pbtholdings.com
Performance Overview
Our HY2026 results were encouraging from an operational profit perspective, as the efficiency steps taken
during the year ended 31 March 2025 began to yield results. Full details of the Group's performance will be
contained in the Company's Interim Results, which are expected to be released on or about 28 November
2025.
Results are expected to be as follows:
Trading statement for the Period on period 6 months ended 6 months ended
6 months ended change based on 30 September 2025 30 September
30 September 2025 expected ranges 2024
% Expected ranges
Revenue (ZARm) 3.0% - 4.0% 565.4 - 570.9 549
EBITDA (ZARm) 11.1% - 13.6% 74.5 - 76.1 67
Profit after taxation (ZARm) 12.4% - 15.2% 52.7 - 54.0 47
Cash Generated from (ZARm) 6.6% - 9.5% 47.0 - 48.3 44
Operations
Normalised Headline (ZARm) 13.1% - 16.0% 36.8 - 37.8 33
Earnings*
Headline Earnings (ZARm) 16.9% - 20.7% 34.0 - 35.1 29
Normalised Headline (ZAR 13.5% - 16.6% 35.9 - 36.9 31.7
Earnings per share* cents)
Headline Earnings per (ZAR 20.0% - 23.5% 34.4 - 35.4 28.7
share cents)
Earnings per share (ZAR 20.0% - 23.2% 34.4 - 35.4 28.7
cents)
*PBT Holdings is reporting normalised headline earnings and normalised headline earnings per share
figures. These figures reverse the accounting effect of IFRS 2 Share-based Payment. The board of directors
of PBT Holdings is of the view that this is a more accurate reflection of the Company's after-tax earnings and
after-tax earnings per share.
The financial information on which this trading statement is based has not been reviewed and reported on by
the Company's auditors.
By order of the board of directors.
12 November 2025
Cape Town
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 12-11-2025 11:00:00
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