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Fri 11 Jul 2025
Close: 165c 
Day's move: 12c (7.84%)
Volume: 1 838
Trades: 5
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Sephaku - trading statement
Shareholders were advised that the financial results for the twelve months ended 31 March 2025, will be released on SENS on or about 30 June 2025 and published in the press on or about 1 July 2025.
Accordingly, SepHold, advised shareholders that, the basic earnings per share and headline earnings per share for the twelve months ended 31 March 2025 compared to the twelve months ended 31 March 2024 ("FY 2024") are expected to increase as follows:
• the basic earnings per share to be between 30.8 cents and 32.9 cents representing an increase of between 16% and 24% (FY 2024: basic earnings per share of 26.5 cents), and
• the headline earnings per share to be between 30.0 cents and 32.0 cents representing an increase of between 17% and 24% (FY 2024: headline earnings per share of 25.7 cents).
Financial results webcast and conference call
A results conference webcast and conference call will be held at 11:00 SAST on 3 July 2025. Registration is required and can be done clicking the following link to obtain the unique dial-in details:
Webcast link
SepHold FY 2025 results webcast registration link
Conference call link
SepHold FY 2025 results Conference call registration link
The results presentation can be downloaded from the Company website on 3 July 2025 from 7:00 using the following link: sephakuholdings.com/investor-centre/presentations/
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Sephaku - Sephaku cement and Métier update
Following Dangote Cement PLC's ("DCP") 2024 financial results announcement for the period ended 31 December 2024, SepHold reports on Dangote Cement SA (Pty) Ltd.'s ("Sephaku Cement", "SepCem" or "the associate") performance. The commentary also includes an update on Métier Mixed Concrete (Pty) Ltd.'s ("Métier" or "the subsidiary") operational performance.
Sales, Revenue and Profitability
SepCem's after-tax profit for the 12 months ended 31 December 2024 was R42.6 million, compared to R41.9 million in 2023. Of this, R15.3 million (2023: R15.1 million) will be included in SepHold's results for the period ending 31 March 2025, as SepHold'.
For the 12 months ended 31 December 2024, sales volume decreased by 4% year-on-year ("y-o-y"), resulting in a 1.4% decline in revenue, which amounted to R2 785 million (2023: R2 823 million).
SepCem continues to implement various cost-saving initiatives, measured by the Dangote Group, to mitigate the negative impact of low demand in the market. Furthermore, an easing of finance cost and a lower depreciation charge contributed to maintaining a flat profit after-tax number.
The full Dangote Cement PLC's results, which incorporate SepCem's results for the year ended 31 December 2024, can be accessed at the following link: www.dangotecement.com/wp-content/uploads/2025/03/Dangote-Cement-Full-Year-2024-Account.pdf
Métier:
Métier was impacted by deteriorating economic conditions and ongoing challenges in the construction sector, resulting in lower sales volumes for the 11 months ended 28 February 2025 in comparison to the prior period. However, it still managed to achieve an increase in EBITDA based on management's unaudited accounts. This performance improvement was primarily driven by cost-saving measures and higher selling prices, which outpaced inflation.
Debt management
Métier utilizes various vehicle and property finance facilities to fund its fleet and expansion projects. The current utilization stands at R125 million, from an available R200 million, in addition to an overdraft facility of R40 million. The net debt position at the end of February 2025 was R75 million.
Company outlook
While the Government of National Unity (GNU) remains intact, economic outcomes remain stagnant. However, the commencement of certain government infrastructure projects has been observed, and these are expected to contribute to the growth of the construction sector. As a leading indicator for construction activity, data on building plans passed continues to indicate constrained demand for building materials.
Given the current economic conditions, a defensive approach is necessary, with the flexibility to respond to short-term opportunities as they arise.
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Sephaku - transfer to the general segment
The Company's application to transfer its listing to the General Segment of the Main Board of the JSE Ltd. ("JSE") has been approved by the JSE with effect from Monday, 24 March 2025. Consequently, SepHold will now be classified as being a primary issuer listed in the General Segment of the JSE list.
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Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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