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Unaudited Condensed Consolidated Interim Financial Results For The Six Months Ended 31 December 2024
TRELLIDOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
Main Board – General Segment
("the Company" or "the Group")
UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX
MONTHS ENDED 31 DECEMBER 2024
1. SALIENT FEATURES
Revenue increased by 4.1% to R304.3 million, from R292.2 million in the prior corresponding
period.
Earnings and headline earnings per share increased by 38.3% to 29.6 cents per share, from
21.4 cents per share in the prior corresponding period.
Cash generated from operations for the six-months was R38.6 million (2024: R39.5 million).
Net debt was reduced by R31.5 million to R85.3 million with a resulting reduction in net
interest paid to R5.7m (2024: R8.5m).
Restoration of shareholder value remains the foremost strategic focus of the Group. Plans
implemented to recoup and grow our share in the domestic market, supported by revenue
generating strategies in the UK and the rest of Africa, will enable revenue growth.
This, together with rigorous management of factory efficiencies, costs and margins will boost
returns. Strong cash generation will be utilised to further reduce net debt resulting in reduced
risk and lower finance charges.
2. DIVIDEND
The board of directors of the Company ("Board") has taken a decision not to declare an
interim dividend in respect of the six months ended 31 December 2024 (2024: Nil). The
objective of the Board is to revert to paying dividends, once borrowings, gearing levels and
the projected free cash flow generation have normalised.
3. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information included in the full announcement ("Full
Announcement") and does not contain full or complete details. The Full Announcement can
be found at https://senspdf.jse.co.za/documents/2025/JSE/ISSE/TRLE/TRL_HY25.pdf
A copy of the Full Announcement is also available for viewing on the Company's website at
TRL_HY25
This short-form announcement has not been audited or reviewed by the Group's auditors.
The financial information has been extracted from the unaudited condensed consolidated
interim financial results for the six months ended 31 December 2024.
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
4. WEBINAR
Shareholders are advised that the Company will be hosting a webinar at 15:30 SAST today,
Wednesday, 5 March 2025 to present the interim financial results for the six-month period
ended 31 December 2024 to the market.
Please follow the link below to register for the webinar:
TRL - HY25 Results Presentation
A copy of the results presentation is available on the Company's website at:
TRL_HY25 Roadshow Presentation
A recording of the results presentation webinar can also be found on the Company's website
at: TRL_HY25 Roadshow Webinar
Durban
5 March 2025
Sponsor
PSG Capital
Date: 05-03-2025 01:30:00
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