iOCO LIMITED - iOCO trading statement

iOCO trading statement

iOCO LIMITED
(Formerly EOH Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/014669/06)
JSE share code: IOC ISIN: ZAE000071072
("iOCO" or the "Company")


iOCO TRADING STATEMENT


A Year of Resilience, Growth, and Strategic Momentum

iOCO is pleased to provide a trading update for the full year ended 31 July 2025 ("FY25"). FY25 marks a year of
meaningful progress, with strong performance across key financial metrics:

-   EBITDA is expected to grow by 60% to 70%, reaching between R490 million and R525 million,
-   Operating profit is expected to grow by 260% to 285%, reaching between R395 million and R420 million,
-   Headline earnings per share (HEPS) is expected to range between 35 cents and 45 cents, compared to the headline
    loss per share of 0.21 cents for the year ended 31 July 2024 ("FY24").
-   Earnings per share (EPS) is expected to range between 35 cents and 45 cents, compared to the loss per share of 10
    cents for FY24; and
-   Continued strengthening of the balance sheet, with net debt to EBITDA improving from 2.7x to below 1x.

Statement from the Leadership team:

The strategic reset started just over a year ago when the new leadership team put in place a 3-step transformational
plan with a core focus to drive iOCOs efficient operating model, business autonomy, resource and capital allocation.
The early gains from our transformation are beginning to show, reaffirming our ambition to position IOCO as a premier
technology partner in South Africa, the Middle East, and the UK. Our FY25 results show good momentum across the
group as the strategy takes hold and is embraced by the dedicated 4,500 IOCO employees. Besides the vastly improved
profitability translating into strong free cash flow generation highlighted above, most satisfying is the inflection to
revenue growth in the second half of FY25.

We are building a business that is not only profitable but deeply relevant. Anchored in relevant and growing
technologies and a culture that puts our customers at the centre of everything we do ensuring that every solution, service,
and interaction is designed to meet evolving client needs with precision and care.

The financial information on which this trading statement is based has not been reviewed and reported on by the
Company's external auditors.

Shareholders are advised to refer to the Company's full year financial results announcement, which will be released on
28 October 2025, for further information.


2 September 2025


Sponsor
Java Capital

Date: 02-09-2025 08:30:00
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