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Trading Statement
Stefanutti Stocks Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/003767/06)
(Share code: SSK ISIN: ZAE000123766)
("Stefanutti Stocks" or "the group")
(Main Board – General Segment)
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the board of directors of
Stefanutti Stocks hereby provides shareholders with a trading update of the group's results for the year ended
28 February 2025.
With reference to previous announcements, in line with the Restructuring Plan, the disposal of SS-Construcoes
(Mocambique) Limitada and Stefanutti Stocks Construction Limited remains as held for sale. Consequently,
the results for the current and comparative prior year reflect continuing and discontinued operations in
accordance with International Financial Reporting Standards.
With respect to the Kalabo-Sikongo-Angola border gate road in the Western Province of Zambia (Kalabo
settlement), as reported in previous announcements, shareholders are advised that the Zambian Court of
Appeal ruled in favour of Stefanutti Stocks and its joint venture. Following the ruling, the parties have agreed
to a settlement amount, however, repayment terms still need to be concluded. The group recognised R148
million of its 50% share of the settlement amount less costs. Given the uncertainty surrounding the
recoverability thereof, an expected credit loss of R109 million and a tax charge of R12 million has been
recognised.
In respect of continuing operations, earnings per share is expected to reflect a profit of between 123,48 cents
and 126,60 cents per share representing an improvement of between 690% and 710% on the earnings per
share of 15,63 cents per share for the comparative prior year. Similarly, headline earnings per share is
expected to reflect a profit of between 124,48 cents and 125,58 cents per share representing an improvement
of between 2355% and 2375% on the loss of 5,52 cents per share for the comparative prior period.
In respect of total operations (comprising both continuing and discontinued operations), earnings per share is
expected to reflect a profit of between 77,43 cents and 79,33 cents per share representing an improvement of
between 715% and 735% on the earnings per share of 9,50 cents per share for the comparative prior year.
Similarly, total headline earnings per share is expected to reflect a profit of between 103,10 cents and 114,25
cents per share representing an improvement of between 285% and 305% on the loss of 55,73 cents per share
for the comparative prior year.
The financial information on which this trading statement is based has not been reviewed or reported on by
the group's auditors.
The release of the results for the year ended 28 February 2025 is anticipated to be published on 27 May 2025.
Johannesburg
20 May 2025
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 20-05-2025 09:25:00
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