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Fourth Quarter Operational Update - FY 2023
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
(“Cashbuild” or “the Group”)
FOURTH QUARTER OPERATIONAL UPDATE – FY 2023
Cashbuild herewith provides its voluntary quarterly operational update.
Revenue for the fourth quarter of the 2023 financial year (“fourth quarter” or “Q4 2023”) for the Cashbuild
Group remained at similar levels when compared to the fourth quarter of the prior financial year (“the
comparative period” or “Q4 FY 2022”). For the 308 existing stores (in existence prior to July 2021), revenue
decreased by 2% and the 10 new stores contributed 2% growth. This, combined with the results reported in the
previous quarters, equates to a decrease in revenue of 4% for the financial year ended 30 June 2023 (“FY
2023”) (7% reduction excluding effects of the stores looted in FY 2022).
Transactions through the tills during the fourth quarter for the Cashbuild Group decreased by 2% to that of the
comparative period, with existing stores decreasing by 4% and new stores contributed 2% growth.
Selling inflation was 5.4% at the end of June 2023 when compared to June 2022.
A revenue performance on a statutory basis per operating segment is reflected in the following table:
Revenue performance Q4 2023 versus Q4 FY 2022
Operating Segment Percentage of Total New Existing
Total Sales Growth Growth Growth %
% %
Cashbuild South Africa Half Year 81 (3) 1 (4)
Q3 81 (9) 2 (11)
Q4 81 - 2 (2)
Full Year 81 (4) 1 (5)
Cashbuild Common Monetary Areas Half Year 7 (8) - (8)
Q3 6 (7) - (7)
Q4 6 5 - 5
Full Year 6 (5) - (5)
Cashbuild Other* Half Year 4 (8) - (8)
Q3 5 (1) - (1)
Q4 5 3 - 3
Full Year 5 (4) - (4)
P&L Hardware South Africa Half Year 8 (10) - (10)
Q3 8 (15) - (15)
Q4 8 (6) - (6)
Full Year 8 (10) - (10)
Total Group Half Year 100 (4) 1 (5)
Q3 100 (9) 1 (10)
Q4 100 - 2 (2)
Full Year 100 (4) 1 (5)
* Botswana and Malawi (The comparative period included Zambia which has since been closed.)
For the fourth quarter the Group opened 2 new Cashbuild stores (FY 2023: 6 Cashbuild stores), closed 1 non
performing P&L Hardware store (FY 2023: 4 Cashbuild and 2 P&L Hardware stores) and refurbished six
Cashbuild stores (FY 2023: 18 Cashbuild and 2 P&L Hardware stores), bringing the total number of stores
trading at the end of FY 2023 to 318.
A store breakdown by operating segment is reflected in the following table:
Number of stores – end of fourth Percentage Total New Existing
quarter of total
Cashbuild South Africa 74 237 10 227
Cashbuild Common Monetary Areas 6 18 - 18
Cashbuild Other * 4 11 - 11
P&L Hardware South Africa 16 52 - 52
Total Group 100 318 10 308
* Botswana and Malawi
Shareholders are advised that Cashbuild is currently finalising its results for the 52 weeks ended 25 June 2023
which are expected to be released on or about 30 August 2023.
The pro forma stores looted information referred to above is the responsibility of the directors of Cashbuild,
has been prepared for illustrative purposes only and because of its nature, may not fairly present the financial
position of the Company. In addition, the information contained in this operational update has not been
reviewed or reported on by Cashbuild’s auditors.
25 July 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 25-07-2023 12:06:00
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