SOUTHERN SUN LIMITED - Publication of the Financial Results for the year ended 31 March 2026 and Trading Statement

Publication of the Financial Results for the year ended 31 March 2026 and Trading Statement

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
("Southern Sun" or "the Company" or "the Group")


PUBLICATION OF THE FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026 AND TRADING STATEMENT

Shareholders are advised that Southern Sun is scheduled to release its financial results for the year
ended 31 March 2026 on Wednesday, 20 May 2026. A presentation will be held on the same day at
10:00 via Microsoft Teams, and those wishing to join can find the link to the presentation on the
Company's website at www.southernsun.com/investors.

The Group delivered a strong performance for the financial year. Overall occupancy of 62.9% (2025:
60.8%) was achieved with growth driven by the South African operations and offshore results being
constrained by the closure of Paradise Sun for refurbishment for the first half of the year and
challenging trading conditions in Mozambique and Tanzania. Domestic hotel performance benefited
from higher occupancy levels at 64.3% (2025: 61.9%) supported by resilient demand from the
meetings, incentives, conferences and exhibitions ("MICE") segment, as well as foreign-inbound
corporate and leisure travel.

Trading momentum increased in the second half of the year, with broad-based improvements across
all regions underpinned by major international conferences and events including the G20 in Gauteng
and improved transient demand in South Africa. Offshore hotels benefitted in the second half of the
year with the successful reopening of Paradise Sun, which experienced strong demand until the impact
of the middle east war in March 2026 and marginal improvements in trading in Mozambique.

The Group reflected a net cash position of R86 million at 31 March 2026 despite having increased
maintenance capex spend in the year on refurbishments and having returned cash to shareholders
through dividends of R335 million and share buybacks of R359 million (37 million shares).

Based on the latest available financial information, the Group expects to report the following
performance ranges for the year ended 31 March 2026 compared to the financial results for the year
ended 31 March 2025:

                 Range for the year ended   Total operations for the    Change on 31 March 2025
                            31 March 2026        year ended 31 March
                                                                2025

 EPS (cents)                  90.9 – 94.0                       76.4     Increase of 19% to 23%
 HEPS (cents)                 88.3 – 91.3                       74.8     Increase of 18% to 22%
 AHEPS (cents)                88.5 – 91.5                       75.6     Increase of 17% to 21%


The financial information on which this trading statement is based has not been reviewed or reported
on by the Group's external auditors.


7 May 2026
Sponsor
Investec Bank Limited

Date: 07-05-2026 02:05:00
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