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Latest News: Afrimat Ltd. AFRIMAT [AFT]

Wed, 7 Oct 2026	Official Announcement [RD]
Afrimat - trading update and trading statement Since listing in 2006, Afrimat has never faced trading conditions as challenging as those experienced during the six months ended 31 August 2026 (“the period”) and this is reflected in a significantly weaker financial performance. The primary driver of the decline in profitability during the period was iron ore. Export revenue was adversely impacted by a combination of a stronger Rand and significantly higher shipping costs (49.1%) due to disruptions from the Iran conflict. As a result, average mine-gate revenue per ton was down by 16.4%. Trading statement The Company hereby advises that for the period ended 31 August 2026: • earnings per share ("EPS") is expected to be between 0.1 cents and 5.2 cents, representing a decrease of between 95% and 100% compared to EPS of 102.7 cents reported for the period ended 31 August 2025; and • headline loss per share ("HLPS") is expected to be between 60 cents and 55 cents compared to headline earnings per share of 101.9 cents reported for the period ended 31 August 2025. Reporting date The Company's interim financial results are expected to be released on or about 22 October 2026.
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