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Fri 26 Jun 2026
Close: 267c 
Day's move: -8c (-2.91%)
Volume: 2 861 909
Trades: 566
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KAP Ltd. - Dealing in shares by a director of a ma
A director of a subsidiary of the company has dealt in shares.
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KAP - changes to the board committees
KAP announced changes to its board committees, effective 1 July 2026. Samara Totaram, an independent non-executive director, will become chairperson of the Human Capital and Remuneration committee, succeeding Steve Muller, who will remain on the committee. Steve Muller will also step down as chairperson of the Investment committee but will continue as a member. Johan Holtzhausen was appointed as chairperson of the Investment committee.
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KAP - operational update and trading update
KAP reported a stable revenue and improved EBITDA, operating profit, and earnings for the 11 months ending 31 May 2026, despite a challenging environment marked by subdued demand, global oversupply, and geopolitical tensions. Key drivers include increased sales volumes from the MDF line, higher domestic vehicle assembly, and cost efficiencies. Safripol benefited from higher polymer prices due to Middle East conflicts, while Unitrans and Sleep Group showed mixed results. The company is progressing with strategic initiatives, including capital projects and debt reduction, aiming for a 50%+ increase in headline earnings per share for FY26. A further trading update will follow, with FY26 results expected around 1 September 2026.
With one month remaining in FY26, the Group expects a strong improvement in financial performance compared with FY25, provided current trading conditions continue.
- Headline earnings per share (HEPS) are expected to increase by more than 50% to at least 36.2 cents, compared with 24.1 cents in FY25.
- Earnings per share (EPS), before any potential impairment charges, are expected to be at least 34.2 cents, a substantial increase from 0.4 cents in FY25.
- The low FY25 EPS was largely due to significant impairment charges relating to certain investments.
The board will provide a further trading update once there is sufficient certainty regarding the expected earnings range.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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