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ADVTECH LIMITED - Trading Statement for the year ended 31 December 2024

Release Date: 13/03/2025 08:00
Code(s): ADH     PDF:  
Wrap Text
Trading Statement for the year ended 31 December 2024

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
JSE code: ADH ISIN: ZAE000031035
("ADvTECH" or "the group")

TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

The board hereby advises on its expectations of the financial results for the year ended 31 December
2024.

The group reports normalised earnings per share ("NEPS") as a way of excluding the effect of one-off
transactions and corporate action costs from its results.

Basic NEPS, Basic headline earnings per share ("HEPS") and Basic earnings per share ("EPS") for the year
ended 31 December 2024 are expected to be between 13% and 18% higher than the comparative
reporting period for the year ended 31 December 2023 ("the comparative period") or between 196.8
and 205.8 cents per share as compared to NEPS and HEPS of 174.2 cents per share and EPS of 174.4
cents per share comparative period.

We are pleased with enrolments for 2025 for both the schools and tertiary divisions that are tracking in
line with targets and continuing their trend of good growth.

The financial information on which this trading update is based has not been reviewed or audited by the
group's external auditors.

ADvTECH expects to release results for the year ended 31 December 2024 on the JSE's Stock Exchange
News Service on or about Monday, 24 March 2025.

13 March 2025
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 13-03-2025 08:00:00
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