Wrap Text
Unaudited Interim Results for the Six Months Ended 31 March 2025 and Cash Dividend Declaration
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income tax registration number 9000/051/71/5)
(Share code: BAW)
(A2X code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "company" or the "group")
SHORT FORM ANNOUNCEMENT
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2025 AND CASH DIVIDEND DECLARATION
Financial performance relative to 31 March 2024 ("1H24")
- Group revenue of R18.1 billion declined by 5.8% weighed down by a significant reduction in Vostochnaya Technica ("VT")
revenue
- EBITDA of R2.2 billion declined by 9.1%. Excluding VT, EBITDA increased by 3.0%
- EBITDA margin declined to 12.4% from 12.9%. Excluding VT, EBITDA margin expanded from 11.9% to 12.5%
- Basic earnings per share declined by 21.2% to 403.4 cents (1H24: 511.7 cents)
- Headline earnings per share ("HEPS") declined by 20.5% to 423.2 cents (1H24: 532.2 cents)
- Net asset value per share increased from 9 111 cents to 9 235 cents
- Ordinary dividend of 120 cents per share (cps) (1H24: 210 cps)
Dividend declaration
Notice is hereby given that interim dividend number 191 of 120 cents per ordinary share in respect of the six months
ended 31 March 2025 has been declared subject to the applicable dividends tax levied in terms of the Income Tax Act,
58 of 1962 (as amended) (the "Income Tax Act") as follows:
Dividend Gross amount Withholding tax* Net amount
Ordinary 120 cents per share 20% 96 cents per share
*Withholding tax subject to applicable exemptions
In accordance with the Listings Requirements of the JSE Limited ("JSE") the following additional information is
disclosed:
- The dividend has been declared out of income reserves
- The company's income tax number is IT 9000051715
- Local dividends tax rate is 20% (twenty percent)
- Barloworld has 189 641 787 ordinary shares in issue
In compliance with the requirements of Strate and the JSE, the following dates are applicable to the dividend:
Dividend declared Friday, 23 May 2025
Last day to trade cum dividend Tuesday, 17 June 2025
Ordinary shares trade ex-dividend Wednesday, 18 June 2025
Record date Friday, 20 June 2025
Payment date Monday, 23 June 2025
Share certificates may not be dematerialised or rematerialised between Wednesday, 18 June 2025 and Friday, 20 June 2025,
both days inclusive.
SHORT FORM ANNOUNCEMENT
This short form announcement is the responsibility of the board of directors of Barloworld and is a summarised
version of the full announcement in respect of the six months ended 31 March 2025 of Barloworld and its subsidiaries
(collectively the "group") and as such, it does not contain full or complete details pertaining to the group's interim
results. Any investment decisions should be made based on the full announcement. The interim results for the six months
ended 31 March 2025 were not reviewed or audited by the external auditors.
The full announcement can be accessed on the group's website at:
https://www.barloworld.com/investors/interim-results-presentations and on the JSE's cloudlink at:
https://senspdf.jse.co.za/documents/2025/jse/isse/BAWE/ie2025.pdf
Copies of the full announcement can be requested from the registered office by contacting the company secretary on
+27 11 445 1000.
VOLUNTARY ANNOUNCEMENT: EXTENSION OF PERIOD FOR FILING OF VOLUNTARY SELF-DISCLOSURE NARRATIVE ACCOUNT TO U.S.
DEPARTMENT OF COMMERCE, BUREAU OF INDUSTRY AND SECURITY ("BIS")
Shareholders are referred to the Company's announcement dated 3 March 2025, in which the Company advised that the BIS
had granted an extension of the deadline for the Company to complete its investigation and submit a final narrative
account of voluntary self-disclosure, to 2 June 2025.
Shareholders are advised that the BIS has granted the Company a further extension of this deadline to 2 September 2025.
DIRECTORS
Non-executive
NN Gwagwa (Chair), N Chiaranda^, NP Mnxasana, NV Mokhesi, H Molotsi, V Nkonyeni, B Odunewu*, P Schmid
Executive
DM Sewela (Group Chief Executive Officer), N Lila (Group Finance Director)
* Nigeria ^Italy
Group company secretary
Nomini Rapoo
Sandton
26 May 2025
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Enquiries:
Kgaugelo Legoabe-Kgomari
Group Investor Relations
Tel: +27 11 445 1032
E-mail: bawir@barloworld.com
About Barloworld
Barloworld is positioned as an industrial processing, distribution and services company with two primary areas of focus:
Industrial Equipment and Services and Consumer Industries (food and ingredient solutions). Our provision of Industrial
Equipment and related services, offers earthmoving equipment, industrial services and power systems, which enable the
operation and maintenance of a large array of mining, construction and power solutions for our customers, with whom we
have built enduring relationships based on mutual trust. Through our Consumer Industries business, Ingrain, we provide
large enterprises with the ingredients essential to the manufacturing of a range of products including food and beverages,
paper, pharmaceuticals, building materials and adhesives, among others.
Date: 26-05-2025 08:11:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
