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Trading Statement for the Year ended 31 March 2025

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Published: 2025-05-15 08:30:24 ET
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  PPC Ltd
  (Incorporated in the Republic of South Africa)
  (Company registration number 1892/000667/06)
  JSE ISIN: ZAE000170049
  JSE code: PPC
  ZSE code: PPC
  (“PPC” or “the group”)
  (
  (“PPC” or “company” or “group”)
TRADING STATEMENT FOR THE YEAR ENDED
31 MARCH 2025

PPC is currently finalising its results for the year ended 31 March 2025 (“the current period”).
Shareholders are advised that PPC is satisfied that a reasonable degree of certainty exists that the
expected earnings per share (“EPS”) and headline earning per share (“HEPS”) for continuing operations
in the current period will differ by at least 20% from that of the previous corresponding period, being the
year ended 31 March 2024 (“the prior period”). Accordingly, a trading statement is required in terms of the
JSE Limited Listings Requirements.


The following EPS and HEPS for the continuing operations of the group are expected:

                                                                                 Current period    Prior period

                                                                             Expectation range

*Continuing operations EPS (cents)                                               31.00 to 32.15              6
Continuing operations HEPS (cents)                                               37.30 to 41.00             19


The main driver of the significant increase in both EPS and HEPS is management’s continued focus on
the execution of the turnaround plan announced in both its half-year results on 18 November 2024 and in
its operational update on 3 March 2025. The improvement in the results is primarily due to improved cost
control in the current period and the commencement of savings due to operational efficiencies. This
resulted in cost of goods sold decreasing in absolute terms across all the operational segments.
Administrative and other operating expenses were also strictly controlled and, again, reduced across all
the segments compared to the prior period.


The financial information on which this trading statement is based is the responsibility of the directors of
PPC and has not been reviewed or reported on by the group's independent external auditor. Full details of
the groups’ performance will be contained in the group’s audited consolidated financial statements for the
year ended 31 March 2025, which are expected to be released on or about 9 June 2025.


Dunkeld
15 May 2025
Sponsor
Questco Corporate Advisory Proprietary Limited