WILSON BAYLY HOLMES-OVCON LIMITED - Business Update and Trading Statement in Respect of the year ended 30 June 2025

Business Update and Trading Statement in Respect of the year ended 30 June 2025

WILSON BAYLY HOLMES - OVCON LIMITED
(Incorporated in the Republic of South Africa)
Registration no.: 1982/011014/06
ISIN no.: ZAE000009932
JSE and A2X code: WBO
("the Group")


BUSINESS UPDATE AND TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 30 JUNE 2025

The Group achieved marginal growth in revenue for the financial year ended 30 June 2025 but performed well by
improving margins across most business units. Activity in South Africa remains at elevated levels and was broadly in
line with that of the prior period. Activity in the rest of Africa exhibited good growth as the two large projects in
Ghana and Liberia in West Africa performed at peak production. In the United Kingdom, although the operating
environment remains depressed, the Byrne Group delivered a healthy result, and Russell WBHO bolstered its order
book for the forthcoming financial period.

Overall order book levels grew by 23% to R37.6 billion at 30 June 2025, thus reinforcing the positive short to medium
term outlook for the Group.

In terms of the JSE Limited Listings Requirements, companies are obliged to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported
upon next will differ by at least 20% from the financial results for the previous corresponding reporting period.

Shareholders are accordingly advised that the Group expects to report earnings per share and headline earnings per
share within the ranges set out below:-


                                                                  30 June 2025          30 June 2025      30 June 2024
                                                                       % range               between            Actual
                                                                       between

 Attributable earnings per share from continuing operations        15% and 25%       2 131 and 2 316             1 853
 (cents)

 Headline earnings per share from continuing operations             5% and 15%       2 122 and 2 324             2 021
 (cents)

 Attributable earnings per share from total operations             20% and 30%       2 213 and 2 397             1 844
 (cents)

 Headline earnings per share from total operations (cents)         10% and 20%       2 213 and 2 414             2 012


The financial information on which this trading statement is based has not been reviewed or reported upon by the
Group's external auditors. The results for the year ended 30 June 2025 are expected to be announced on SENS on
9 September 2025.


By order of the Board
Johannesburg
21 August 2025

Sponsor: Investec Bank Limited

Date: 21-08-2025 02:00:00
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