Wrap Text
Unaudited condensed consolidated interim financial results for the six months ended 31 December 2024
York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1916/004890/06)
JSE share code: YRK ISIN: ZAE000133450
("York" or the "Group" or the "Company")
Unaudited condensed consolidated interim financial results
for the six months ended 31 December 2024
Results overview
- Revenue increased by 18% to R1 038 million
- Adjusted EBITDA* increased by R76 million to R84,3 million
- Debt (including the Absa IMX facility) increased by R71,2 million
- Net debt stands at R507,3 million
- Cash generated from operations increased from cash used of R7,8 million
to cash generated of R45,7 million
- Biological asset value increased by 5% to R2 978 million
- Net working capital increased by 20% to R245,2 million
- Earnings per share increased from 5,64 cents to 15,86 cents
- Headline earnings per share increased from 4,67 cents to 14,31 cents
- Core earnings per share^ improved from a loss per share of 10,06 cents
to a loss per share of 0,09 cents
- Net asset value per share increased from 608 cents to 623 cents
- No interim dividend has been declared for the six months ended
31 December 2024 (31 December 2023: Rnil)
* Earnings before interest, taxation, depreciation, amortisation, impairment
and fair value adjustment on biological assets.
^ Core earnings are defined as basic earnings adjusted for fair value
adjustments on biological assets ager taxation. This is a non-IFRS®
Accounting Standards measure.
About this announcement
This announcement is the responsibility of the directors. As the information
in this announcement does not provide all of the details, any investment
decision should be based on consideration of the Group's unaudited condensed
consolidated interim financial statements for the six months ended
31 December 2024, which are accessible via the following JSE cloudlink:
https://senspdf.jse.co.za/documents/2025/jse/isse/YRK/Interim25.pdf and
can be found on the Company's website at:
https://www.york.co.za/docs/2025/YorkInterimResults2025.pdf.
On behalf of the Board
Gabriel Stoltz Schalk Barnard
Chief Executive Officer Chief Financial Officer
Sabie, Mpumalanga
31 March 2025
Executive directors: Gabriel Stoltz (Chief Executive Officer),
Schalk Barnard (Chief Financial Officer)
Non-executive directors: Nonzukiso Siyotula* (Chairperson),
Hetisani Mbanyele-Ntshinga*, Maxwell Nyanteh* (Lead Independent Director),
Andries Brink*, Andre van der Veen, Lindani Dhlamini*, Alton Solomons,
Adrian Zetler (* Independent)
Registered Office: York Corporate Office, 3 Main Road, Sabie, 1260
Postal address: PO Box 1191, Sabie, 1260
Auditor: Deloitte and Touche
Company Secretary: Kilgetty Statutory Services (South Africa) Proprietary Limited
Sponsor: One Capital Sponsor Services Proprietary Limited
Sponsor address: 17 Fricker Road, Illovo, Johannesburg, 2196
Transfer secretaries: Computershare Investor Services Proprietary Limited www.york.co.za
Date: 31-03-2025 09:50:00
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