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Fri 3 Jul 2026
Close: 18 996c 
Day's move: 246c (1.31%)
Volume: 6 316
Trades: 157
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Hudaco - trading update and trading statement
Hidaka Industries Ltd. has announced the discontinuation of two underperforming businesses: its alternative energy division and the battery bay management and service business within Eternity Technologies. The alternative energy segment, which experienced demand decline post-load-shedding, is being phased out due to commoditisation and low margins, with a R125 million inventory impairment recognised. The Eternity Technologies battery service business will cease operations, resulting in a R21 million impairment and retrenchment of approximately 90% of its 245 employees.
As a result, Hudaco expects its earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months ending 31 May 2026 to decrease by at least 20% compared to the prior period, with HEPS and EPS projected between 624 and 635 cents, down 32% to 34%. Conversely, comparable earnings per share ("CEPS") are expected to increase by 12% to 13%, to between 973 and 983 cents. The full results will be released on or about 3 July 2026.
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Hudaco - B-BBEE compliance report
The Company's annual Broad-based Black Economic Empowerment Amendment Act compliance report is available at: hudaco.co.za/bee.htm
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Hudaco - lease renewal
Hudaco Trading (Pty) Ltd., an 85% held subsidiary of Hudaco, via its Ambro Steel division, has renewed its lease agreement with Dufomo Investments (Pty) Ltd. ("Dufomo") in terms of which Ambro Steel will continue to lease premises located at the corner of Lamp and Snapper Roads, Wadeville, Germiston from Dufomo.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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