CROOKES BROTHERS LIMITED - Unaudited Condensed Consolidated Interim Results for the six months ended 30 September 2025

Unaudited Condensed Consolidated Interim Results for the six months ended 30 September 2025

Crookes Brothers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
("Crookes Brothers" or "the Company" or "the Group")

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2025 –
SHORT FORM ANNOUNCEMENT

The Crookes Brothers Limited board of directors ("the Board") presents the Group's unaudited consolidated
interim financial results for the six months ended 30 September 2025 ("Interim Results"). The Board cautions
against using these Interim Results to project figures for full year earnings, given the seasonality and timing of
crop production at half year, and the impact of these factors on biological asset valuations.

Figures extracted from the Interim Results:

                                                                         Six months         Six months
                                                                              ended              ended          %
 Financial overview                                        Index       30 September       30 September     change
                                                                               2025               2024
 Revenue                                                   R'000            492 198            519 055        (5)
 Operating profit before biological assets                 R'000            128 233            163 285       (21)
 Change in fair value of biological assets                 R'000           (81 578)           (68 756)       (19)
 Operating profit after biological assets                  R'000             46 655             94 529       (51)
 Finance costs                                             R'000           (19 541)           (20 760)        (6)
 Profit for the period                                     R'000             29 280             60 470       (52)
 Headline earnings                                         R'000             19 364             34 421       (44)
 Shareholders' equity                                      R'000          1 107 587         1 079 084           3
 Cash generated from operations                            R'000            120 067            126 383        (5)
 Net cash generated by operating activities                R'000             94 700             98 987        (4)
 Weighted average number of ordinary shares               shares         15 264 317         15 264 317          -
 Net asset value per share                                 cents              7 256              7 069          3
 Cash flow from operating activities per share             cents              620,4              648,5        (4)
 Basic earnings per share                                  cents              128,4              248,1       (48)
 Headline earnings per share                               cents              126,9              225,5       (44)

Dividend

The Board has resolved not to declare an interim dividend for the six-month period ended
30 September 2025 (September 2024: R Nil).

Interim Results

This short form announcement is the responsibility of the Board. It is only a summary of the information
contained in the Interim Results and does not contain full or complete details of the information in the Interim
Results, which is available for viewing on the following websites:

Company's website: https://www.cbl.co.za/wp-content/uploads/2025/11/IR30Sept25.pdf
JSE website:       https://senspdf.jse.co.za/documents/2025/jse/isse/cks/cblint.pdf

Any investment decision by investors and/or shareholders should be based on consideration of the full
Interim Results. Copies of the Interim Results are also available for inspection at the registered office of the
Company or available from the Company Secretary: john@hicorp.co.za upon request on workdays during
business hours, at no charge.

Durban
28 November 2025

JSE Sponsor to Crookes Brothers
Questco Corporate Advisory (Pty) Ltd

Date: 28-11-2025 01:30:00
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