SALUNGANO GROUP LIMITED - Audited Consolidated Financial Results for the year ended 31 March 2025

Audited Consolidated Financial Results for the year ended 31 March 2025

SALUNGANO GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG    ISIN: ZAE000306890
("Salungano" or "the Company" or "the Group")


AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2025


Salungano hereby publishes its audited consolidated financial results for the year ended 31 March 2025
("FY25"). The results reflect a material improvement in the Group's financial performance compared to the
prior year, while the external auditor's report includes a Material Uncertainty Related to Going Concern
paragraph.

• Revenue increased to R4.37 billion (FY24: R3.65 billion)
• Gross profit increased to R372 million (FY24: R292 million)
• Operating profit improved to R189 million (FY24: R309 million operating loss)
• Earnings per share increased to 2.54 cents (FY24: 34.89 cents loss per share)
• Headline earnings per share increased to 2.62 cents (FY24: 111.91 cents headline loss per share)
• No dividend declared for the period (FY24: nil cents per share)

This results announcement is the responsibility of the directors of Salungano and was approved by the Board
on 26 March 2026. This announcement does not include full or complete details of the audited consolidated
and separate annual financial statements for the year ended 31 March 2025 ("2025 AFS"), released on SENS on
27 March 2026. Any investment decision should be based on the 2025 AFS as a whole. None of the information
contained in this announcement has been reviewed or reported on by the Company's auditors.

The 2025 AFS have been audited by SizweNtsalubaGobodo Grant Thornton Inc., which expressed an unmodified
audit opinion thereon. The auditor's report contains a Material Uncertainty Related to Going Concern
paragraph, drawing attention to the disclosures in note 39 regarding conditions that may cast significant doubt
on the Group's and Company's ability to continue as a going concern, although the auditor's opinion is not
modified in respect of this matter. The auditor also reported that reportable irregularities were identified and
reported to the Independent Regulatory Board for Auditors in accordance with sections 44(2) and 44(3) of the
Auditing Profession Act. The matters pertaining to the reportable irregularities are described in note 46 of the
2025 AFS.

As required in terms of paragraph 4.13(e) of the JSE Listings Requirements, the directors of the Company hereby
confirm that the 2025 AFS have been prepared in compliance with the JSE Listings Requirements.

The 2025 AFS, including the audit opinion, are available on the Company's website at:
https://salunganogroup.com/investors/annual-reports-and-results/?tab=annual-financial-statements
and on the JSE's cloudlink at:
https://senspdf.jse.co.za/documents/2026/jse/isse/slge/FY25.pdf

Woodmead

27 March 2026

Sponsor
Merchantec Capital

Date: 27-03-2026 02:00:00
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.