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Trading statement for the interim results period ended 30 September 2025
YeboYethu (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/014734/06)
Share code: YYLBEE
ISIN: ZAE000218483
("YeboYethu")
Trading statement for the interim results period ended 30 September 2025
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited ("JSE"), issuers must
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 on next will differ by at least 20% from the financial
results for the previous corresponding period.
YeboYethu is currently in the process of finalising its results for the period ended 30 September 2025.
Shareholders are hereby advised that the net asset value per share ("NAV") for 30 September 2025
and the percentage change compared to the results for 30 September 2024 is expected to be in the
range outlined below:
September 2025 September 2024 Percentage Change (%)
Expected Range (ZAR) (ZAR)
NAV 84.36 – 89.18 48.21 75% - 85%
The increase in NAV is attributable to the increase in the Vodacom Group Limited ("Vodacom") closing
share price from R109.47 as at 30 September 2024 to R133.29 as at 30 September 2025. Vodacom
shares represent the majority of the assets held by YeboYethu and the Vodacom share price is
therefore a key driver for change in the net asset value.
The financial information on which this trading statement is based has not been reviewed and reported
on by the external auditor of YeboYethu. YeboYethu's consolidated interim financial results for the
period ended 30 September 2025 are expected to be announced on the Stock Exchange News Service
of the JSE on or about Monday, 24 November 2025.
YeboYethu reminds shareholders that the NAV for trading statement purposes was adopted as this
measure is more relevant than earnings per share / headline earnings per share given the nature of
YeboYethu's business.
Johannesburg
3 November 2025
JSE Sponsor:
Tamela Holdings Proprietary Limited
Date: 03-11-2025 08:00:00
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