AFRICAN & OVERSEAS ENTERPRISES LIMITED - Unaudited condensed consolidated financial results for the six months ended 31 December 2025

Unaudited condensed consolidated financial results for the six months ended 31 December 2025

AFRICAN AND OVERSEAS ENTERPRISES LIMITED 
Listed on the General Segment of the Main Board 
Incorporated in the Republic of South Africa 
Registration Number: 1947/027461/06 
JSE share codes: AOO - AON - AOVP 
ISIN: ZAE000000485 - ZAE000009718 - ZAE000000493 
("AOE" or "the company") 


UNAUDITED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2025 


AOE is an investment holding company incorporated in South Africa and listed on the JSE Limited ("JSE") in the "apparel 
retailers" sector. The company has investments in fashion retail, property, media and broadcasting, technology and water 
infrastructure. 

FINANCIAL HIGHLIGHTS 
- Revenue increased by 4.4% to R478.1 million (2024: R458.2 million) 
- Gross profit margin % increased to 53.2% (2024: 52.4%) 
- Operating profit decreased by 60.9% to R17.5 million (2024: R44.8 million) 
- Earnings per share decreased by more than 100% to a loss of 27.7 cents (2024: earnings of 77.6 cents) 
- Headline earnings per share decreased by more than 100% to a loss of 10.8 cents (2024: 76.9 cents) 
- Net asset value per share increased by 18.6% to R23.54 (2024: R19.85) 
- Ordinary dividend per share paid amounted to nil cents (2024: nil cents) 

This announcement is the responsibility of the company's directors and is only a summary of the information contained in 
the unaudited interim condensed consolidated results for the six months ended 31 December 2025 ("HY2026 results") and 
does not include full or complete details. Any investment decisions by investors and/ or shareholders should be based 
on the HY2026 results. 

The HY2026 results have been published on SENS on 27 March 2026 and are available on the JSE cloudlink at 
https://senspdf.jse.co.za/documents/2026/jse/isse/AOO/HY2026.pdf and on the company's website: 
https://rextrueform.com/wp-content/uploads/2026/03/AOE-UNAUDITED-INTERIM-CONDENSED­CONSOLIDATED-FINANCIAL-RESULTS-DEC-25.pdf 

Copies of the HY2026 results may also be requested by emailing the company secretary directly at legal@rextrueform.com 
or at the company's registered office. 

MR Molosiwa
(Chairman) 

MA Golding
(Chief Executive Officer) 

Cape Town - 27 March 2026 

Directors: MR Molosiwa* (Chairman), MA Golding (Chief Executive Officer), WD Nel (Financial Director), HB Roberts*, 
PM Naylor*, B Ntshingwa* 
*Independent non-executive 
Registered office: 11 Byrnes Avenue, Wynberg, Cape Town, 7800 
Company secretary: A Gihwala 
Transfer secretaries: Computershare Investor Services Proprietary Limited: 
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196 
Sponsor: Java Capital: 6th Floor, 1 Park Lane, Weirda Valley, Sandton, 2196 

www.rextrueform.com www.queenspark.com www.telemedia.co.za www.byteorbit.com
Date: 27-03-2026 12:45:00
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