TSOGO SUN LIMITED - Reviewed condensed consolidated financial results and cash dividend declaration for the year ended 31 March 2026

Reviewed condensed consolidated financial results and cash dividend declaration for the year ended 31 March 2026

Tsogo Sun Limited 
(Incorporated in the Republic of South Africa)
(Registration number 1989/002108/06)
Share code: TSG  
JSE Alpha code: TSGI 
ISIN: ZAE000273116
("Tsogo Sun" or "the company" or "the group")

Reviewed condensed consolidated financial results and cash dividend declaration for the year ended 31 March 2026
Income                                     R11.1 billion        no change           -
Operating costs                            (R7.7 billion)       no change           -
Adjusted EBITDA                             R3.5 billion        no change           -
Headline earnings                           R1.6 billion               up           7%
Earnings per share                             126 cents               up           5%
Headline earnings per share                    153 cents               up           8%
Final dividend per share                        30 cents        no change           -
NIBD and guarantees                         R6.5 billion          reduced          10%
Share buy-backs                             R438 million           

FINANCIAL
Total income of R11.13 billion was generated for the year and adjusted EBITDA amounted to R3.46 billion.

Headline earnings achieved for the year amounted to R1.57 billion compared to R1.47 billion for the prior year, 
and headline earnings per share increased by 8% to 153 cents.

DEBT AND COVENANTS 
The group's net interest-bearing debt ("NIBD") and guarantees at 31 March 2026 reduced to R6.49 billion from R7.19 billion 
at 31 March 2025 (a reduction of R0.7 billion). The net debt to adjusted EBITDA ratio, as measured for covenant purposes 
at 31 March 2026, amounted to a 1.92 times multiple.

DIVIDEND 
The board of directors has resolved to declare a final gross cash dividend of 30.0 (thirty) cents per share in respect
of the year ended 31 March 2026 from distributable reserves. The dividend will be paid in cash to shareholders recorded
in the register of the company at close of business Friday, 24 July 2026. The number of ordinary shares in issue at the
date of this declaration is 970 287 602. The dividend will be subject to a local dividend tax rate of 20%, which will
result in a net dividend of 24.0 (twenty-four) cents per share to those shareholders who are not exempt from paying
dividend tax. The company's income tax reference number is 9250039717.

The salient dates are as follows: 
Last date to trade cum dividend       Tuesday, 21 July 2026
Trading ex-dividend commences       Wednesday, 22 July 2026
Record date                            Friday, 24 July 2026
Payment date                           Monday, 27 July 2026

IMPORTANT INFORMATION
This short form announcement and the results herein contained have been prepared in compliance with the JSE Limited
Listings Requirements and are the responsibility of the board of directors of Tsogo Sun. This short form announcement is
only a summary of the information contained in the full announcement released on SENS on 26 May 2026 and does not include
full or complete details. Any investment decisions by investors and/or shareholders should be based on consideration of
the full announcement as a whole which is available at https://senspdf.jse.co.za/documents/2026/jse/isse/TSGE/Yearend.pdf 
and on the group's website at https://www.tsogosun.com. The condensed consolidated financial statements have been reviewed 
by Deloitte & Touche, and their unmodified review conclusion is available in the full announcement. The short form
announcement itself is not reviewed. 

Fourways
26 May 2026

EQUITY SPONSOR: Investec Bank Limited, 100 Grayston Drive, Sandton, 2196 (PO Box 785700, Sandton, 2146)
DEBT SPONSOR: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 3rd Floor, Block F, 
135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton, 2196 (PO Box 1144, Johannesburg, 2000)

http://www.tsogosun.com

Date: 26-05-2026 08:00:00
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