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York - trading statement and trading update
The board of directors of York (“Board”) has resolved to proceed with various options to restructure and optimise the York group. As part of this process, the Board has resolved to proceed with the separation of certain assets, comprising the business operations conducted through Stadsrivier Vallei (Pty) Ltd. (“Stadsrivier”) and Mbulwa Estate (Pty) Ltd. (“Mbulwa”).
In this regard, the Board has approved, inter alia, the unbundling of Stadsrivier and Mbulwa to Shareholders, subject to the finalisation of the proposed structure and the satisfaction of all applicable legal, regulatory and corporate requirements.
Trading Statement and Trading Update
York is in the process of finalising its results for the year ended 30 June 2026 (“Current Period”) for release on or about 30 September 2026.
For the Current Period, the following results are expected:
Continuing operations
- earnings per share(“EPS”) from continuing operations of between 27.40 cents and 30.73 cents, compared to EPS of 66.63 cents for the year ended 30 June 2025 (“Previous Comparative Period”), representing a decrease of between 59% and 54%; and
- headline earnings per share (“HEPS”) from continuing operations of between 29.37 cents and 32.65 cents, compared to HEPS of 65.50 cents for the Previous Comparative Period, representing a decrease of between 55% and 50%.
Furthermore, in respect of continuing operations:
- Core EPS (being EPS attributable to ordinary shareholders from continuing operations, adjusted for the fair value movement in biological assets, net of tax) is expected to be a loss per share of between 4.90 cents and 4.95 cents, compared to a loss per share of 0.86 cents for the Previous Comparative Period.
- Earnings before interest, taxation, depreciation, amortisation, impairment and fair value movements in biological assets is expected to be between R158.7 million and R166.7 million, representing an increase of between 1% and 4% compared to R160 million for the Previous Comparative Period.
- Cash generated from continuing operations is expected to be between R182.3 million and R189.6 million, representing an increase of between 25% and 30% compared to R145.9 million in the Previous Comparative Period.
- Cash generated from total operations is expected to be between R166.9 million and R174.2 million, representing an increase of between 13% and 18% compared to R147.6 million in the Previous Comparative Period.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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