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Annual Results for the 12 months ended 30 September 2024 and Cash Dividend Declaration
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(A2X code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "company")
SHORT FORM ANNOUNCEMENT
ANNUAL RESULTS FOR THE 12 MONTHS ENDED 30 SEPTEMBER 2024 AND CASH DIVIDEND DECLARATION
Financial performance
- Gross debt reduced by 29% to R7.9 billion (2023: R11.1 billion)
- Completed the derisking process of the UK pension fund
- HEPS from group operations decreased by 21% to 1 022 cents from (2023: 1 291 cents)
- HEPS from continuing operations decreased by 12% to 1 022 cents from (2023: 1 156 cents)
- Basic earnings per share from group operations decreased by 15% to 1 022 cents (2023: 1 197 cents)
- Basic earnings per share from continuing operations decreased by 4.2% to 1 022 cents (2023: 1 067 cents)
- Revenue decreased by 6.9% to R41.9 billion (2023: R45.0 billion)
- Maintained EBITDA margin at 12.2% compared to 2023
- Operating profit from core trading activities decreased by 12.6% to R3.8 billion (2023: R4.3 billion)
- Ordinary dividend of 310 cents per share (2023: 300 cps) declared
Dividend declaration
Notice is hereby given that final dividend number 190 of 310 cents per ordinary share in respect of the twelve months
ended 30 September 2024 has been declared subject to the applicable dividends tax levied in terms of the Income Tax Act
(Act No. 58 of 1962) (as amended) (the Income Tax Act) as follows:
Dividend Gross amount Withholding tax Net amount
Ordinary 310 cents per share 20% 248 cents per share
In accordance with the Listings Requirements of the JSE Limited ("JSE") the following additional information is
disclosed:
- The dividends have been declared out of income reserves
- The company's income tax number is IT 9000051715
- Local dividends tax rate is 20% (twenty percent)
- Barloworld has 189 641 787 ordinary shares in issue.
In compliance with the requirements of Strate and the JSE, the following dates are applicable to the dividends:
Dividends declared Friday, 22 November 2024
Last day to trade cum dividends Monday, 30 December 2024
Ordinary shares trade ex-dividends Tuesday, 31 December 2024
Record date Friday, 3 January 2025
Payment date Monday, 6 January 2025
Share certificates may not be dematerialised or rematerialised between Tuesday, 31 December 2024 and Friday, 3 January 2025,
both days inclusive.
Short form announcement
This short form announcement is the responsibility of the board of directors of Barloworld, is a summarised version of the
full announcement in respect of the 12 months ended 30 September 2024 of Barloworld and its subsidiaries (collectively
"the group") and as such does not contain full or complete details pertaining to the group's year-end results. Any
investment decisions should be made based on the full announcement.
The full announcement can be found on the group's website https://www.barloworld.com/investors/yearend-results-presentations
and on the JSE cloud link at: https://senspdf.jse.co.za/documents/2024/jse/isse/BAWE/ye2024.pdf
Audit opinion
The annual financial statements were audited by the group's joint auditors Ernst & Young Inc. and SNG-Grant Thornton, who
expressed an unqualified audit opinion thereon. The full audit opinion is available on the group's website at
https://www.barloworld.com/investors together with the Barloworld annual financial statements.
Directors
Non-Executive
NN Gwagwa (Chair), N Chiaranda^, NP Mnxasana, NV Mokhesi, H Molotsi, P Schmid, V Nkonyeni, B Odunewu*
^Italy, *Nigeria
Executive
DM Sewela (Group Chief Executive Officer), N Lila (Group Finance Director)
Group company secretary
Nomini Rapoo
Sandton
25 November 2024
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Enquiries:
Kgaugelo Legoabe-Kgomari
Group Investor Relations
Tel: +27 82 619 4710
E-mail: bawir@barloworld.coms
About Barloworld
Barloworld is positioned as an industrial processing, distribution and services company with two primary areas of focus:
Industrial Equipment and Services and Consumer Industries (food and ingredient solutions). Our provision of Industrial
Equipment and related services, offers earthmoving equipment, industrial services and power systems, which enable the
operation and maintenance of a large array of mining, construction and power solutions for our customers, with whom we
have built enduring relationships based on mutual trust. Through our Consumer Industries business, Ingrain, we provide
large enterprises with the ingredients essential to the manufacturing of a range of products including food and beverages,
paper, pharmaceuticals, building materials and adhesives, among others.
Date: 25-11-2024 07:05:00
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