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Trellidor - trading statement
The Company’s primary strategic objective is to restore shareholder value through a phased turnaround strategy. The first phase focused on capital reallocation to reduce gearing and improve operational focus, resulting in a R19.8 million reduction in term debt and a simplified net debt position.
The second phase, currently underway, targets cost optimisation to strengthen profitability. A final phase, outlined in the Chairman’s Report in the 2025 IAR, will involve introducing a shareholder of reference to support the Company’s future development.
Earnings for HY26 declined significantly, as expected, mainly due to the non-recurrence of a R21.3 million gross profit contribution from an exceptional UK project completed in FY25, as well as the disposal of Taylor Blinds and NMC. Identified base cost savings of R13.9 million are intended to offset these impacts, but implementation only gained momentum in FY26 H2, with full benefits expected in FY27. Market conditions were mixed, with modest underlying growth in the UK and continued weakness in South African demand.
The Group expects that:
- the headline earnings per share ("HEPS") will be between 0.01 cents and 1.19 cents, compared to the HEPS of 29.6 cents reported for the six-month period ended 31 December 2024 ("HY25"), an expected decrease of between 99.97% and 95.97%; and
- the earnings per share ("EPS") will be between 0.01 cents and 1.19 cents, compared to the EPS of 29.6 cents reported for HY25, an expected decrease of between 98.41% and 94.36%.
It is expected that the unaudited consolidated interim financial results for the six-month period ended 31 December 2025 will be published on SENS by the Company on or about Tuesday, 10 March 2026.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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