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Sebata - quarterly progress report
Shareholders were referred to the ongoing suspension in trading of the Company's shares on the JSE Ltd. ("JSE"), which came into effect on 1 October 2025 ("the Suspension") for failing to publish its audited financial results for the year ended 31 March 2025 ("FY2025 financial results") within the prescribed period.
In terms of paragraph 1.11(c) of the JSE Listings Requirements, Sebata is required to provide shareholders with an update on a quarterly basis until the Suspension is lifted, on the state of affairs of the Company and any action proposed by the Company in order to have the listing reinstated, including the date on which the suspension is expected to be lifted.
Publication of FY2025 financial results and integrated annual report
As previously communicated, the delay in the publication of the FY2025 financial results has predominantly been due to the complexities around the treatment of the collapse of the Inzalo Capital Holdings (Pty) Ltd. which occurred during the financial year in question. An announcement relating to the termination of the Inzalo Transactions was released on SENS on 31 July 2024.
Sebata and its auditors, Nexia SAB&T, have been in extensive engagements and have concluded on discussions whereby both parties are in agreement with regards to the treatment of the Inzalo Transactions. The remaining steps for publication are the finalisation of the FY2025 financial statements and the final sign off from Nexia SAB&T, subsequent to their internal processes.
Delay in the publication of FY2026 interim results
Sebata views recent developments as positive progress towards the successful publication of the FY2025 financial results and integrated annual report. Unfortunately, the delay in releasing the FY2025 financial results has impacted the release of the FY2026 interim results for the six months ended 30 September 2025. There are no material issues or concerns with the FY2026 interim results, and a more detailed timeline is discussed below.
The Company remains committed to compliance with the JSE Listings Requirements and will provide further updates as required.
Expected date for lifting of suspension and timelines
Sebata's current best estimate is that the FY2025 financial results and integrated annual report will be released early in January 2026. Thereafter, it is expected that the FY2026 interim results for the six months ended 30 September 2025 will closely follow in the subsequent weeks.
Sebata expects that the suspension of the Company's securities will be lifted on or around the end of January 2026.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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