Enhanced Investments - Financial Portal

Audited results for the year ended 30 September 2022

Published: 2022-11-21 08:06:14 ET

Astral Foods Limited
Incorporated in the Republic of South Africa
Registration number: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757
("Astral" or "the Company")

Audited results for the year ended 30 September 2022

Revenue up 22%
Operating profit up 103%
Earnings per share up 127%
Headline earnings per share up 125%
Total dividend per share up 97%

FINANCIAL RESULTS
                                                            Audited                      Audited
                                                          12 months                    12 months
                                                              ended                        ended
                                                       30 September                 30 September
                                                               2022          %              2021
                                                              R'000     change             R'000
Revenue
  From continuing operations                             19 333 850         22        15 865 938
  From discontinued operations                              125 795        (31)          181 300
Profit before interest and tax (Operating profit)
  From continuing operations                              1 439 778        103           710 999
  From discontinued operations                               17 743                       20 427
Profit for the period
  From continuing operations                              1 054 616        129           459 641
  From discontinued operations                               15 960         13            14 082
Total assets                                              8 438 309          8         7 834 985
Total equity                                              4 786 007         15         4 161 191
Total liabilities                                         3 652 302         (1)        3 673 794
Earnings per share                                            2 781        127             1 225
- From continuing operations                                  2 745                        1 192
- From discontinued operations                                   36                           33
Headline earnings per share                                   2 762        125             1 228
- From continuing operations                                  2 726                        1 194
- From discontinued operations                                   36                           34
Dividends per share - declared out of earnings
for the period (cents per share)
- Interim dividend                                              790                            300
- Final dividend                                                590                            400
- Total dividend                                              1 380         97                 700

REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the full announcement of the Audited
Summarised Consolidated Results but is not itself audited.

The contents of this short form announcement are the responsibility of the Board of directors of Astral.
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/Documents/Investor Centre/2022/FinancialResults-30September2022.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/2022/jse/isse/ARL/ye2022.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) and at the offices of the sponsor, Nedbank Corporate and Investment Banking, a division of
Nedbank Limited, from 21 November 2022 to 25 November 2022, both days inclusive. 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.

The Auditor, PricewaterhouseCoopers Inc., has issued an unqualified audit opinion in terms of the
International Standards on Auditing in respect of the Consolidated Financial Statements for the year
ended 30 September 2022. The audited consolidated financial statements and the Auditor's Unqualified
Audit Report in terms of International Standards on Auditing, along with their key audit matters is
available on the Company’s website at the following links:
https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/Auditor's-report-30-September-2022.pdf
https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/AFS-30-September-2022.pdf

DECLARATION OF ORDINARY DIVIDEND No 42
The Board has approved a final dividend of 590 cents per ordinary share (gross) in respect of the year ended
30 September 2022. The dividend will be subject to Dividend Tax that was introduced with effect from
1 April 2012. In accordance with paragraphs 11.17 (a) (i) to (x) and 11.17 (c) of the JSE Listings Requirements
the following information is disclosed:
- The dividend has been declared out of income reserves;
- The local Dividend Tax is 20% (twenty per centum);
- The gross local dividend is 590 cents per ordinary share for shareholders exempt from Dividend Tax;
- The net local dividend is 472 cents per ordinary share for shareholders liable to pay Dividend Tax;
- Astral Foods Limited has currently 42 922 235 ordinary shares in issue (which includes 4 088 577
  treasury shares held by a subsidiary and 437 095 held in terms a forfeitable share scheme); and
- Astral Foods Limited's income tax reference number is 9125190711.

Shareholders are advised of the following dates in respect of the final dividend:
Last date to trade cum-dividend                                                   Tuesday, 10 January 2023
Shares commence trading ex-dividend                                             Wednesday, 11 January 2023
Record date                                                                        Friday, 13 January 2023
Payment of dividend                                                                Monday, 16 January 2023

Share certificates may not be dematerialised or rematerialised between Wednesday, 11 January 2023 and
Friday, 13 January 2023, both days inclusive.

On behalf of the Board

T Eloff
Chairman

CE Schutte
Chief Executive Officer

Pretoria
21 November 2022

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

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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.