Enhanced Investments - Financial Portal

Unaudited Interim Results for the six months ended 31 March 2023

Published: 2023-05-22 08:06:00 ET

Astral Foods Limited
Incorporated in the Republic of South Africa
Registration no: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757

Unaudited Interim Results for the six months ended 31 March 2023

-   Revenue up 6%
-   Operating profit down 89%
-   Earnings per share down 89%
-   Headline earnings per share down 88%
-   Net cash outflow down R1.2 billion
-   No dividend down 100%

FINANCIAL RESULTS
                                                Unaudited              Unaudited        Audited
                                               six months             six months      12 months
                                                    ended                  ended          ended
                                                 31 March               31 March   30 September
                                                     2023        %          2022           2022
                                                    R'000   change         R'000          R'000
Revenue
From continuing operations                      9 963 795        6     9 427 269     19 333 850
From discontinued operations                            -     (100)       91 553        125 795
Profit before interest and tax
(operating profit)
From continuing operations                         98 047      (88)      785 326      1 439 778
From discontinued operations                            -     (100)        8 686         17 743
Profit for the period
From continuing operations                         62 037      (89)      546 860      1 054 616
From discontinued operations                            -     (100)       14 979         15 960
Total assets                                    9 006 990       11     8 139 428      8 438 309
Total equity                                    4 571 825        1     4 508 355      4 786 007
Total liabilities                               4 435 165       22     3 631 073      3 652 302
Earnings per share                                  R1.62      (89)       R14.56         R27.81
From continuing operations                          R1.62                 R14.22         R27.45
From discontinued operations                            -                  R0.33          R0.36
Headline earnings per share                         R1.63      (88)       R14.20         R27.62
From continuing operations                          R1.63                 R13.86         R27.26
From discontinued operations                            -                  R0.33          R0.36
Dividends per share - declared out of
earnings for the period
- Interim dividend                                      -                  R7.90          R7.90
- Final dividend                                        -                  R5.90
- Total dividend                                        -                 R13.80

REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the full announcement of the Unaudited
Interim Results.

The contents of this short-form announcement are the responsibility of the board of directors of Astral
("Board"). The information in the short-form announcement is a summary of the full announcement available
on the Company's website at the following link: https://www.astralfoods.com/assets/AstralSENS.pdf,
and accordingly does not contain full or complete details. The full announcement can also be accessed
online at the following link: https://senspdf.jse.co.za/documents/2023/jse/isse/ARL/ie2023.pdf.

Any investment decisions by shareholders/investors should be based on the full announcement as released
on the JSE's website and published on the Company's website, www.astralfoods.com. The full announcement
is available at the Company's registered office (for inspection, at no charge, during office hours on any
business day). Copies of the full announcement may be requested from the registered office of the
Company by e-mailing such a request to contactus@astralfoods.com.

On behalf of the Board

T Eloff
Chairman

CE Schutte
Chief Executive Officer

Pretoria
22 May 2023

Sponsor
Nedbank Corporate and Investing Banking, a division of Nedbank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.