Enhanced Investments - Financial Portal

Trading Statement for the six months ended 31 March 2025

Published: 2025-05-16 15:00:34 ET

Pepkor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share code: PPH
Debt code: PPHI
ISIN: ZAE000259479
LEI: 3789006D677C34F69875

(“Pepkor” or the “group”)


TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2025


In terms of the JSE Limited (“JSE”) Listings Requirements, a listed company is required to publish
a trading statement as soon as it becomes aware that a reasonable degree of certainty exists that
the financial results for the financial period to be reported on next will differ by at least 20% from
the financial results for the previous corresponding period.

Pepkor’s performance during the six months ended 31 March 2025 (“H1FY25”) benefited from
strong trading in the group’s core Traditional Retail operations while FinTech continued to deliver
aggressive growth.

Discontinued operations in the prior comparable period (“H1FY24”) includes The Building
Company which was successfully disposed of on 30 September 2024. H1FY25 results do not
include any discontinued operations.

Shareholders and noteholders are hereby advised that a reasonable degree of certainty exists
that the group’s headline earnings per share (“HEPS”) and earnings per share (“EPS”) for
H1FY25, when compared to the previous corresponding period, are expected to fall within the
ranges reflected in the table below.


 Continuing operations               H1FY25 expected           H1FY25 expected           H1FY24
                                          range                    change                 actual
                                         (cents)                     (%)                 (cents)

 EPS                                     79.9 to 87.5              6% to 16%                    75.4

 HEPS                                    81.0 to 88.5              8% to 18%                    75.0

 Normalised HEPS**                       80.4 to 87.5             13% to 23%                    70.9



** Normalised HEPS: As reported at Pepkor’s FY24 and interim FY24 results on 26 November
2024 and 28 May 2024 respectively, the group’s effective tax rate was expected to normalise in

                                                                                                    1
FY25 and interim FY25 results due to a tax settlement in FY23 and subsequent remeasurement
of uncertain tax positions.


 Total operations - including       H1FY25 expected          H1FY25 expected           H1FY24
 discontinued operations                 range                   change                 actual
                                        (cents)                    (%)                 (cents)

 EPS                                    79.4 to 86.1             18% to 28%                  67.4

 HEPS                                   81.6 to 89.3             5% to 15%                   77.7


Results announcement and webcast

Pepkor's interim results for the six months ended 31 March 2025 will be published on SENS on
or about Tuesday, 27 May 2025.

A results presentation will be held at 10:00am (SAST) on Tuesday, 27 May 2025. The webcast
registration link will be made available prior to publication of the results on the Pepkor website:
www.pepkor.co.za.
The information included in this announcement has not been reviewed and reported on by the
group's external auditors.


Parow
16 May 2025


Equity and Debt sponsor
Investec Bank Limited




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

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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.