Short-Form Announcement Audited Results for the Year Ended 31 May 2025
LABAT AFRICA LIMITED 
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
LEI number: LEI9845000R73DF5EE41J88
("Labat" or "The company" or "the Group")
SHORT-FORM ANNOUNCEMENT
AUDITED RESULTS FOR THE YEAR ENDED 31 MAY 2025
Salient Features
Extracted from the audited annual financial statements:
                                                   Year             Year
                                                 ended            ended
                                                31 May           31 May
                                                   2025             2024    Difference   Percentage
                                                Audited         Audited
 Revenue                            R' 000      199 400           48 536      150 864         310%
 Gross profit                       R' 000      117 538           29,839       87 699         294%
 Total comprehensive profit/loss    R' 000      131 492         (26 404)      157 896         598%
 Profit/Loss per share              cents         10.59           (3.97)        14.56         367%
 Headline profit/loss per share     cents          5.40           (3.95)         9.35         237%
 Net asset value per share          cents         22.23           (2.99)        25.22         843%
Short-Form Announcement
The short-form announcement is the responsibility of the directors. It is only a summary of the
information contained in the audited Annual Financial Statements for the year ended 31 May 2025
("Full announcement") and does not contain full or complete details. Any investment decisions by
investors and/or shareholders should be based on a consideration of the full announcement which
is available on the Company's website www.labat.co.za or can be accessed via the following link:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/LAB/LABIR25.pdf
Audit Opinion
The audited annual financial statements for the year ended 31 May 2025 have been audited by
P.Mapfumo Accountants and Auditors. The auditors' opinion is unmodified and is set out below:
"In our opinion, the consolidated and separate financial statements present fairly, in all material
respects, the consolidated and separate financial position of Labat Africa Limited as at 31 May 2025,
and its consolidated and separate financial performance and consolidated and separate cash flows
for the year then ended in accordance with IFRS Accounting Standards as issued by the International
Accounting Standards Board and the requirements of the Companies Act of South Africa."
The Auditor's Opinion does not necessarily report on all of the information contained in this
announcement. Shareholders are therefore advised that in order to obtain a full understanding of
the nature of the Auditor's engagement, they should obtain a copy of the Auditor's Report together
with the accompanying annual financial statements from the company's registered office.
Copies of the annual financial statements may be requested from the Company (info@labat.co.za)
or inspected at the registered office and/or the Sponsors' office, at no charge, during office hours.
No dividends were declared or paid to shareholders during the period under review
For and on behalf of the Board of Directors.
IO Noormohamed                                                                         DJ O NEILL
CHIEF EXECUTIVE OFFICER                                                       FINANCIAL DIRECTOR
Johannesburg
3 November 2025
Directors:
IO Noormohamed *, DJ O'Neill*, SE van Rooyen*, N Bodirwa^, R Rustum^, B Van Rooyen: H
Maasdorp; S Van Rooyen F Paruk; J Kabila
Executive*, Independent non-executive^
Company Secretary: Alred Van Rooyen
Registered Address: 75 Maude Street, Sandown, Sandton, 2146
Sponsor: Vunani Sponsors
Transfer Secretary: Computershare Investor Services Proprietary Limited
Date: 03-11-2025 05:06:00
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