Enhanced Investments - Financial Portal

Trading Update for the Nine Months ended December 2024

Published: 2025-01-27 08:15:45 ET

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number: 2004/009817/06
Share code: LEW
ISIN: ZAE000058236
Bond code: LEWI
(“Lewis Group” or “the group”)

TRADING UPDATE FOR THE NINE MONTHS ENDED DECEMBER 2024

Lewis Group increased total revenue by 13.6% in the nine months to December 2024 with
robust growth in other revenue, and merchandise sales gaining momentum in the quarter to
December benefitting from improving consumer confidence and strong marketing
campaigns.

Group merchandise sales grew by 9.1%. Credit sales increased by 13.1%, accounting for
68.2% (Dec 2023: 65.8%) of total sales. Cash sales showed a strong turnaround in the
quarter to December 2024 with all 3 months reporting a double-digit growth, resulting in an
overall increase of 14.4% for the quarter and 1.5% for the year to date.

Group merchandise sales for the third quarter to December 2024 increased by 9.9%,
supported by strong Black Friday sales across all brands, following growth of 7.7% for Q1
and 9.3% for Q2.

Comparable store sales grew by 6.2% for the nine month period and 6.3% for Q3.

Other revenue, comprising effective interest income and ancillary services income as well
as insurance revenue, benefited from the strong credit sales in recent years, increasing by
19.6% for the third quarter and 20.1% for the nine months.

Collection rates remained resilient and settled at a satisfactory 79.6% for the nine months
(Dec 2023: 80.7%) and 79.7% for the third quarter (Q3 2023: 80.3%).

Debtor cost growth was contained to 2.0% for the nine month period and was 10.3% lower
for the quarter.

The financial information in this trading update is the responsibility of the directors and has
not been reviewed or reported on by the group’s independent auditor. The group’s annual
results for the year to 31 March 2025 are expected to be released on SENS on or about 22
May 2025.

Cape Town
27 January 2025

Sponsor
The Standard Bank of South Africa Limited

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

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

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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.
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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.