ASTRAL FOODS LIMITED - Audited results for the year ended 30 September 2024 and Cash Dividend Declaration

Audited results for the year ended 30 September 2024 and Cash Dividend Declaration

Astral Foods Limited
Incorporated in the Republic of South Africa
Registration no 1978/003194/06
JSE and A2X share code ARL
ISIN ZAE000029757
("Astral" or the "Company")

Audited results for the year ended 30 September 2024 and Cash Dividend Declaration

- Revenue increased 6.4%
- Profit before interest and tax increased 281%
- Earnings per share increased 247%
- Headline earnings per share increased 245%
- Final dividend of 520cps declared

FINANCIAL RESULTS
                                                              12 months             12 months
                                                                  ended                 ended
                                                           30 September          30 September
                                                                   2024       %          2023
                                                                  R'000  change         R'000
Revenue                                                      20 479 785       6    19 250 955
Profit/(loss) before interest and tax (Operating profit)      1 124 909     281      (620 875)
Profit/(loss) for the period                                    752 904     247      (512 200)
Total assets                                                  9 097 786      (0)    9 110 719
Total equity                                                  4 752 361      18     4 019 463
Total liabilities                                             4 345 425     (15)    5 091 256
Earnings/(loss) per share                                         1 959     247        (1 333)
Headline earnings/(loss) per share                                1 920     245        (1 324)
Dividends per share - declared out of earnings           
for the period (cents per share)                         
- Interim dividend                                                    -                     -
- Final dividend                                                    520                     -
- Total dividend                                                    520                     -

REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the Audited Summarised Consolidated
Results but is not itself audited.

The contents of this short form announcement are the responsibility of the Board of directors of Astral.
The information in the short-form announcement is a summary of the full announcement available on the
Company's website at the following link: https://bit.ly/ARLSens, and accordingly does not contain full or
complete details. The full announcement can also be accessed online at the following link:
https://senspdf.jse.co.za/documents/2024/jse/isse/ARL/YE24.pdf.

Any investment decisions by shareholders/investors should be based on the full announcement as released
on the JSE's website and published on the Company's website, www.astralfoods.com. Copies of the full
announcement may be requested from the registered office of the Company by e-mailing such a request
to contactus@astralfoods.com.

The auditors, Deloitte & Touché, have issued an unqualified audit opinion in terms of the International Standards on
Auditing in respect of the consolidated financial statements for the year ended 30 September 2024 and is
available via e-mail. To request please contact us at contactus@astralfoods.com.

DECLARATION OF ORDINARY DIVIDEND NO 43
The Board has approved a final dividend of 520 cents per ordinary share (gross) in respect of the year ended
30 September 2024.

The dividend will be subject to Dividends Tax that was introduced with effect from 1 April 2012. In accordance
with paragraphs 11.17 (a) (i) to (ix) and 11.17 (c) of the JSE Listing Requirements the following information
is disclosed:
- The dividend has been declared out of income reserves;
- The local Dividend Tax is 20% (twenty per centum);
- The gross local dividend is 520 cents per ordinary share for shareholders exempt from Dividend Tax;
- The net local dividend is 416 cents per ordinary share for shareholders liable to pay Dividend Tax;
- Astral Foods Limited has currently 42 922 235 ordinary shares in issue (which includes 4 088 577
  treasury shares held by a subsidiary and 396 373 held in terms a forfeitable share scheme); and
- Astral Foods Limited's income tax reference number is 9125190711   

Shareholders are advised of the following dates in respect of the interim dividend:
- Last date to trade cum-dividend                Tuesday, 14 January 2025
- Shares commence trading ex-dividend          Wednesday, 15 January 2025
- Record date                                     Friday, 17 January 2025
- Payment of dividend                             Monday, 20 January 2025

Share certificates may not be dematerialised or rematerialised between Wednesday, 15 January 2025 and
Friday, 17 January 2025, both days inclusive.

On behalf of the Board
T Eloff
Chairman

CE Schutte
Chief Executive Officer

Lanseria

Date of approval 13 November 2024
Date of release 18 November 2024

Sponsor
Nedbank Corporate and Investing Banking, a division of Nedbank Limited.






Date: 18-11-2024 07:05:00
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