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Fri 12 Dec 2025
Close: 9 410c 
Day's move: 143c (1.54%)
Volume: 988 037
Trades: 2 487
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Spar - annual results presentation
Shareholders were advised that the results presentation for the 52 weeks ended 26 September 2025 has been uploaded to the Company's website at thespargroup.com/resource-centre/results- announcements/.
The live question-and-answer session will proceed as previously communicated, and participants may access the session via the registration link: www.corpcam.com/SPAR08122025.
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Spar - board committee change
Reeza Isaacs, the Group Chief Financial Officer of the Company, has been appointed as a member of the Risk Committee with effect from 5 December 2025
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Spar - trading statement and trading update
SPAR is in the process of finalising its annual financial results ("Results") for the 52 weeks ended 26 September 2025 ("Current period"). In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements ("JSE Listings Requirements"), issuers are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by at least 20% from the financial results for the previous corresponding period.
Due, in large part, to once-off impairments processed during the Current period, earnings per share ("EPS") from continuing operations on a comparable basis will be lower by between 40% and 50% compared to the 52 weeks ended 27 September 2024 ("Prior period"). Headline earnings per share ("HEPS") from continuing operations on a comparable basis will be lower by between 7.5% and 12.5% compared to the Prior period, due mainly to the SPAR Poland exit financing costs and related tax as set out below.
Earnings guidance - Continuing Operations
As previously reported, the SPAR Board approved an amendment to the Group’s financial reporting period to align with retail industry practice. Accordingly, the Group adopted a 26/52 week reporting framework with effect from the 2025 financial year.
In respect of the Group’s annual results from continuing operations, SPAR shareholders (“Shareholders”) are advised that the Group expects to report EPS and HEPS for the Current period (excluding the results of discontinued operations; SPAR Poland, SPAR Switzerland and AWG) within the ranges provided below:
Headline Earnings Per Share (HEPS):
- Change (%) (vs. re-presented 2024): -11.5% to -16.5%
- 2025 Expected (cents/share): 748.1c to 792.9c
- 2024 Re-presented (cents/share): 896.0c
- 2024 As Reported (cents/share): 917.9c
Earnings Per Share (EPS):
- Change (%) (vs. re-presented 2024): -45.0% to -55.0%
- 2025 Expected (cents/share): 375.4c to 458.9c
- 2024 Re-presented (cents/share): 834.3c
- 2024 As Reported (cents/share): 855.9c
Earnings from total operations
Shareholders were advised that in respect of total earnings, including discontinued operations, EPS and HEPS for the Current period are expected to fall within the ranges provided in the table below:
Headline Earnings Per Share (HEPS):
- Change (%): -27.5% to -32.5%
- 2025 Expected (cents/share): 497.2c to 534.1c
- 2024 Reported (cents/share): 736.7c
Earnings Per Share (EPS):
Change (%): * >1,000% decline
2025 Expected (cents/share): -2,381.7c to -2,632.4c (loss)
2024 Reported (cents/share): 182.7c
Looking ahead
In response to margin, cost and competitive pressures, the Group has identified and accelerated the roll-out of further initiatives aimed at strengthening operations, driving efficiencies and re-establishing the long-term sustainability of SPAR's business model.
These investments; in process optimisation, technology enablement, and supply chain resilience, are fundamental to creating a more agile and efficient business for both SPAR and our independent retailers. Looking ahead, management expects these initiatives to deliver margin expansion and improved returns over the medium term.
The Group's financial position has improved significantly over the past 12 months, and a stronger balance sheet, improved cash generation profile and continued disciplined capital allocation will support this next phase of transformation and growth. Management is confident that the execution of these initiatives will create sustainable long-term value for Shareholders.
Results presentation
The Results are expected to be published on SENS by 07h30am (SAST) on Monday, 8 December 2025 and will be available on SPAR's corporate website shortly thereafter: thespargroup.com/. The Results webcast presentation, hosted by SPAR management, will follow at 09h30am (SAST) on the same day. The webcast will be accessible via the following link: www.corpcam.com/SPAR08122025.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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