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Fri 2 Oct 2026
Close: 4 320c 
Day's move: -76c (-1.73%)
Volume: 889 303
Trades: 2 230
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Spar - board appointment and operational updates
The Board aims to finalise and announce the appointment of the Chairperson and additional independent non-executive directors by early November 2026. Any resulting appointments will be made in accordance with regulatory requirements, followed by shareholder election at the next annual general meeting.
Operational progress and the turnaround pathway
The Group has made progress on the operational priorities reported at H1 FY2026 and is focused on initiatives which underpin and align the retailer focus areas set out at the interim results and form part of one integrated recovery plan rather than separate workstreams. These include merchandising and pricing, marketing effectiveness SPAR2U, retailer technology and profitability. Retailers and the Group exchanged views transparently, worked through practical obstacles and agreed on shared accountability.
Whilst these workstreams are being progressed, the earnings and cash benefits are expected to build progressively through FY2027.
Financial performance
FY2026 is expected to underperform FY2025, with the pressure concentrated in Southern Africa, specifically in Groceries & Liquor. Operational improvements have not yet translated into sufficient earnings or cash benefits to offset that pressure. Management’s immediate priority is to improve profitability and cash generation in Southern Africa while maintaining appropriate levels of support for retailers.
For the 48 weeks ended 28 August 2026, Group revenue from the sale of merchandise moderated from the interim period with Southern Africa recording modest revenue growth as wholesale volumes and trading remained subdued in a competitive consumer environment. Consumer sentiment and consequently wholesale revenue continued to be under pressure with higher fuel, utility costs and elevated interest rates.
Annual results for FY2026 are expected to be released on or about 4 December 2026.
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The SPAR Group Ltd. - Notice of a Disposal of a Be
The company has issued a statement regarding an interest in shares.
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The SPAR Group Ltd. - Notice of an Acquisition of
The company has issued a statement regarding an interest in shares.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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