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Audited Consolidated Financial Statements for the Year ended 30 September 2025 and Dividend Declaration
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL", the "Company" or the "Group")
AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 AND DIVIDEND DECLARATION
1. SALIENT FEATURES
Revenue R20.30 billion, decreased by 6.6% (30 September 2024 ("LY"): R21.73 billion), with
the deflationary impact of fuel contributing 5.8% of this decline.
Gross profit R3.09 billion, increased by 3.9% (LY: R2.97 billion).
EBITDA R923.8 million, increased by 7.5% (LY: R859.3 million).
Profit before taxation, excluding impairments and loss on sale of subsidiary, R707.8 million,
increased by 10.4% (LY: R641.3 million).
Earnings per share 570.33 cents per share, increased by 1.4% (LY: 562.26 cents per share).
Headline earnings per share 620.98 cents per share, increased by 10.6% (LY: 561.58 cents
per share).
Recurring headline earnings per share 624.47 cents per share, increased by 11.2% (LY:
561.58 cents per share).
Net cash from operating activities R933.6 million, increased by 10.0% (LY: R848.8 million).
Net interest-bearing debt to equity reduced to 38.1% (LY: 51.3%).
Net interest-bearing debt to EBITDA reduced to 1.2 times (LY: 1.8 times).
Total dividend 210.00 cents per share, increased by 16.7% (LY: 180.00 cents per share).
2. DIVIDEND DECLARATION
Given the significant repayment of the PEG acquisition debt and KAL's strong trading
performance and cashflows, the Group has improved its dividend cover to 2.8 times (2024:
3.0 times), in line with its communicated strategy to do so. A gross final dividend of 154.00
cents per share (2024: 126.00 cents per share) has been approved and declared by the
Board from income reserves, for the period ended 30 September 2025. The final dividend
amount, net of South African dividends tax of 20%, is 123.20 cents (2024: 100.80 cents) per
share for those shareholders not exempt from dividend tax or who are not entitled to a
reduced rate in terms of an applicable double tax agreement. Including the interim dividend,
the total dividend for the year ended 30 September 2025 of 210.00 cents per share (2024:
180.00 cents per share) increased by 16.7% from the prior year.
The salient dates for this dividend distribution are:
Declaration date Thursday, 27 November 2025
Last day to trade cum dividend Tuesday, 10 February 2026
Trading ex dividend commences Wednesday, 11 February 2026
Record date to qualify for dividend Friday, 13 February 2026
Date of payment Monday, 16 February 2026
Share certificates may not be dematerialised or rematerialised between Wednesday,
11 February 2026 and Friday, 13 February 2026, both days inclusive.
The number of ordinary shares in issue at declaration date is 74 319 837, the income tax
number of KAL is 9312717177 and the Company registration number is 2011/113185/06.
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 in the full annual financial statements
("Full AFS") and does not contain full or complete details. The Full AFS can be found at:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/KALE/KALSept25.pdf
A copy of the Full AFS is also available for viewing on the Company's website at:
https://www.kalgroup.co.za/s3/year-end-results-30-sept-25
Shareholders are reminded that the Company will be hosting a webcast at 10:00 am today,
Thursday, 27 November 2025, to present the results to shareholders and the market.
For shareholders' convenience, the webcast registration details and link are included below:
- View and listen mode, with a Q&A facility
- Link: www.corpcam.com/KALGroup27112025
Any investment decisions by investors and/or shareholders should be based on consideration
of the Full AFS, as a whole.
The Full AFS have been audited by the Company's auditors, Deloitte & Touche, who
expressed an unmodified audit opinion thereon.
Paarl
27 November 2025
Sponsor
PSG Capital
Date: 27-11-2025 08:00:00
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