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Unaudited results for the 26 weeks ended 28 December 2025 and cash dividend declaration
Shoprite Holdings Limited
(Reg. No. 1936/007721/06)
(ISIN: ZAE000012084)
(JSE Share code: SHP)
(A2X Share code: SHP)
(NSX Share code: SRH)
(LuSE Share code: SHOPRITE)
("the Group")
Unaudited results for the 26 weeks ended 28 December 2025 and cash dividend
declaration
Pieter Engelbrecht, Chief Executive Officer
For the six-month period, the Shoprite Group increased sales from continuing
operations by 7.2% to approximately R136.8 billion, adding R9.2 billion in
sales compared to the same period last year.
This was achieved in a period of very low internal selling price inflation -
averaging 0.7% and moving into deflation over the festive season - notably
lower than Stats SA's official food and non-alcoholic beverages inflation of
4.7%. As a retailer, trading with cost growth ahead of product price growth
is challenging. Our selling price inflation reflects the Shoprite Group's
customer commitment to lowest prices and affordability, as does the R9.7
billion in instant Xtra Savings discounts for customers at till point over
the six months. Per NielsenIQ, our core business grew at 2.3 times the 'rest
of market' for the period, widening to 5.3 times during December -
underscoring the strength of our planning, marketing and execution during
festive season trade, marking another period of outperformance by the Group.
Supermarkets RSA (84.3% of Group sales), increased sales by 7.1%. Within
this, Shoprite and Usave increased sales by 5.1% alongside internal price
deflation of 0.1% and 0.7% respectively, whilst Checkers and Checkers Hyper
increased sales by 8.9% with modest internal selling price inflation of 1.9%
and 1.1% respectively. Within Supermarkets RSA, Sixty60, the Group's on-
demand digital platform, increased sales by 34.6% to R11.9 billion,
highlighting its market-leading execution and innovation which continue to
strengthen its incredible customer advocacy.
Our organically developed adjacent businesses including Petshop Science,
Uniq Clothing by Checkers, Checkers Outdoor and Little Me - grew sales by
70.9% as we broadened our value proposition for customers. Petshop Science,
now operating more than 170 stores, continues to scale meaningfully,
supported by its recent integration onto the Sixty60 on-demand digital
platform.
To our valued customers, we thank you for your custom and for choosing us
for your daily needs. In addition, my heartfelt thanks to our incredible
employees who put affordability for our customers ahead of all else and in
doing so sustained the trust in our brands and what we stand for. It is
through this shared commitment we remain dedicated to ensuring that our
customers can live better, each day, as a result.
Key information - continuing operations
Restated*
% 28 Dec 29 Dec
Change 2025 2024
Sale of merchandise (Rm) 7.2 136 796 127 564
Trading profit (Rm) 5.9 7 729 7 301
Operating profit (Rm) 3.5 7 673 7 413
Profit before income tax (Rm) (0.8) 5 148 5 187
Income tax expense (Rm) (12.0) 1 392 1 581
Profit/(loss) for the period (Rm) 4.2 3 756 3 606
Attributable to owners of the parent (Rm) 3 768 3 618
Attributable to non-controlling interest (Rm) (12) (12)
Headline earnings per share (cents) 7.7 710.5 659.8
Basic earnings per share (cents) 4.5 697.1 667.3
Dividend per share (cents) 7.7 307.0 285.0
Profit/(loss) for the period
including discontinued operations (Rm) (0.4) 3 694 3 707
Attributable to owners of the parent (Rm) 3 703 3 716
Attributable to non-controlling interest (Rm) (9) (9)
Headline earnings per share including
discontinued operations (cents) 5.9 719.4 679.2
Basic earnings per share including
discontinued operations (cents) (0.0) 685.0 685.3
* Restated for the classification of the Group's operations in Ghana,
Malawi and furniture business in Angola and Mozambique as discontinued
operations in accordance with IFRS 5: Non-current Assets Held for Sale
and Discontinued Operations.
Declaration of ordinary dividend
The Board has declared an interim dividend of 307 cents (H1 2025: 285 cents)
per ordinary share, payable to shareholders on Monday, 30 March 2026. The
dividend has been declared out of retained earnings in accordance with
applicable legislation. The last day to trade cum dividend will be Tuesday,
24 March 2026. As from Wednesday, 25 March 2026, all trading of Shoprite
Holdings Ltd shares will take place ex dividend. The record date is Friday,
27 March 2026. Share certificates may not be dematerialised or
rematerialised between Wednesday, 25 March 2026, and Friday, 27 March 2026,
both days inclusive.
In terms of the Dividends Tax, the following additional information is
disclosed:
1. The local dividend tax rate is 20%.
2. The net local dividend amount is 307 cents per share for shareholders
exempt from paying Dividends Tax and 245.6 cents per share for
shareholders liable to pay Dividends Tax.
3. The issued ordinary share capital of Shoprite Holdings Ltd as at
the date of this declaration is 591 338 502 ordinary shares.
4. Shoprite Holdings Ltd's tax reference number is 9775/112/71/8.
About this announcement
This short-form announcement is the responsibility of the Directors of
Shoprite Holdings Ltd. It is only a summary of the information in the
condensed consolidated interim financial statements and does not contain
full or complete details. Any investment decisions by investors and/or
shareholders should be based on consideration of the condensed consolidated
interim financial statements as a whole.
The condensed consolidated interim financial statements have been released
on the JSE cloudlink at
https://senspdf.jse.co.za/documents/2026/jse/isse/SHP/ie2026.pdf and are
also available for viewing at
https://www.shopriteholdings.co.za/docs/int2026-mar2026.pdf. Copies of the
condensed consolidated interim financial statements may be requested from
the Company Secretary (cosec@shoprite.co.za, tel +27 (0)21 980 4284) at
PO Box 215, Brackenfell, 7561, South Africa.
By order of the Board
WE Lucas-Bull PC Engelbrecht
Chairman Chief Executive Officer
Cape Town, 3 March 2026
Date: 03-03-2026 08:00:00
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