Afrimat - pre-close briefing session
Afrimat reported challenging conditions in HY1 2027, impacted by a stronger Rand, lower international iron ore prices, higher shipping costs, and weather disruptions. Despite these headwinds, the company’s diversified portfolio showed resilience, with notable gains in aggregates, fly ash, manganese, and iron ore exports. The Construction Materials segment is expected to be the main contributor to revenue and profit. Afrimat has strengthened its balance sheet through asset disposals and maintains a debt-to-equity ratio similar to FY2026. The company anticipates an improved second half of the year and will host a virtual pre-close briefing on 28 August 2026. Further updates will be provided in September 2026.
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