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Thu 28 Aug 2025
Close: 1 861c 
Day's move: -209c (-10.10%)
Volume: 690 631
Trades: 700
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Altron - voluntary operational update
Altron hereby provided a voluntary operational update for the six months ending 31 August 2025.
Overview
The Group delivered a resilient performance, with continued growth in the Platforms segment offsetting challenges in IT Services. The overall operating environment for information technology ("IT") services has been appreciably more challenging than in the prior year, both globally and in South Africa, with constrained IT budgets and restricted consumer spending. Results for the period reflect the benefit of a strong and diversified portfolio, which has mitigated the impact of difficult market conditions in IT Services.
At the Group level, revenue is expected to be marginally softer, with continuing operations flat for the period. Group earnings before interest, taxes, depreciation, and amortisation ("EBITDA") is expected to be at a similar level to the first half of the 2025 financial year, with Group operating profit reflecting single-digit growth for the period.
The Group's interim financial results for six months ending 31 August 2025 are expected to be released on SENS on Monday, 3 November 2025.
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Altron - appointment of director
Harvey Christophers has been appointed as an Independent Non-Executive Director with effect from 1 August 2025.
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Altron - results of AGM and board changes
At the Annual General Meeting of shareholders of Altron held on Thursday, 31 July 2025 ("Meeting"), all the ordinary and special resolutions proposed at the Meeting were approved by the requisite majority of votes.
Changes to the board
Shareholders were hereby advised that Alupheli Sithebe has resigned as an Independent Non-Executive Director and, consequently, as a member of the Altron Audit and Risk Committee and the Altron Social, Ethics and Sustainability Committee, with effect from 31 July 2025.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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