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Quarterly Progress Report - March 2026
Sebata Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/003821/06)
Share code: SEB ISIN: ZAE000260493
Listed on the General Segment of the JSE
("Sebata" or "the Company")
QUARTERLY PROGRESS REPORT – MARCH 2026
Shareholders are referred to the ongoing suspension in trading of the Company's shares on the
JSE Limited ("JSE"), which came into effect on 1 October 2025 ("the Suspension") for failing to
publish its audited financial results for the year ended 31 March 2025 ("FY2025 financial results")
within the prescribed period.
In terms of paragraph 1.11(c) of the JSE Listings Requirements, Sebata is required to provide
shareholders with an update on a quarterly basis until the Suspension is lifted, on the state of affairs
of the Company and any action proposed by the Company in order to have the listing reinstated,
including the date on which the suspension is expected to be lifted.
Publication of FY2025 financial results and integrated annual report
As previously communicated, the delay in the publication of the FY2025 financial results has
predominantly been due to the complexities around the treatment of the collapse of the Inzalo
Capital Holdings Proprietary Limited transactions ("Inzalo Transactions") which occurred during
the financial year in question. An announcement relating to the termination of the Inzalo
Transactions was released on SENS on 31 July 2024.
Since the update provided to shareholders on 11 March 2026, Sebata and its auditors, Nexia
SAB&T, have remained engaged in extensive working discussions and have now concluded on the
treatment of the outstanding aspects pertaining to the Inzalo Transactions that were still subject to
review. Sebata can now confirm that all work relating to the preparation of the FY2025 financial
results is now complete and a set of Annual Financial Statements have been produced, subject to
Nexia SAB&T's review and sign-off. Following discussions with the auditors, Sebata hereby advises
the FY2025 financial results will be released by no later than 17 April 2026.
Delay in the publication of FY2026 interim results
There are no material issues or concerns with the FY2026 interim results, and Sebata expects to
release these results as soon as possible after the release of the FY2025 financial results, and no
later than 30 April 2025.
The aforementioned publication target dates are intended to place the Company in a position to
publish its audited annual financial results for the year ended 31 March 2026 ("FY2026 financial
results") within the period prescribed by the JSE Listings Requirements, being 31 July 2026,
subject to the timely completion of the remaining reporting processes and associated reviews.
The Company remains committed to compliance with the JSE Listings Requirements and will
provide further updates as required.
Expected date for lifting of suspension and timelines
In the Quarterly Progress Report released on SENS on 19 December 2025, shareholders were
advised that the board of directors' ("Board") best estimate at the time for the lifting of the
Suspension was on or around the end of January 2026. In light of the planned timing for the
publication of the FY2025 financial results, the FY2026 interim results and the FY2026 financial
results (being no later than 31 July 2026) and the administrative and regulatory processes
associated with a lifting of a suspension, the Board currently estimates that Sebata will be in a
position to request the JSE to lift the Suspension from August 2026, subject to the JSE's
confirmation that the grounds for the Suspension have been satisfactorily remedied.
Johannesburg
31 March 2026
Sponsor
Merchantec Capital
Date: 31-03-2026 05:00:00
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