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Unaudited group interim results and cash dividend declaration for the 26 weeks ended 28 December 2025
TRUWORTHS INTERNATIONAL LTD
(Incorporated in the Republic of South Africa)
(Registration number: 1944/017491/06)
(Tax reference number: 9875/145/71/7)
JSE and A2X code: TRU
NSX code: TRW
ISIN: ZAE000028296
LEI: 37890099AFD770037522
UNAUDITED GROUP INTERIM RESULTS AND CASH DIVIDEND DECLARATION FOR THE 26 WEEKS ENDED 28 DECEMBER 2025
Truworths International Ltd (the company) is an investment holding and management company listed on the stock exchanges
operated by the JSE Ltd (JSE) and A2X (Pty) Ltd (A2X), as well as the Namibian Stock Exchange (NSX). Its principal trading entities,
Truworths Ltd and Office Holdings Ltd, are engaged either directly or indirectly through subsidiaries, concessions, agencies or
wholesale partnerships, in the cash and account retailing of fashion clothing, footwear, homeware and related merchandise. The
company and its subsidiaries (the Group) operate primarily in South Africa and the United Kingdom (UK), and have a presence in
the Republic of Ireland and other sub-Saharan African countries.
Key features:
Sale of merchandise up 0.4% to R12.1 billion
Retail sales unchanged at R12.5 billion
Gross profit margin unchanged at 51.8%
Operating margin unchanged at 22.5%
Earnings per share up 1.2% to 494.6 cents
Headline earnings per share up 1.3% to 495.4 cents
Diluted headline earnings per share up 1.7% to 491.6 cents
Net asset value per share up 4.3%
Cash generated from operations R2.8 billion (Dec-2024: R3.3 billion)
Share buy-backs for the current period 13.2 million shares, R746 million (avg price R56.32)
Net cash position R1.1 billion (Dec-2024: R1.2 billion)
Interim cash dividend per share up 1.3% to 321 cents
This announcement is the responsibility of the company's directors. As the information in this announcement does not provide all
of the details, any investment decisions in relation to the company's shares should be based on consideration of the full unaudited
Group interim results which are accessible via the JSE cloudlink at
https://senspdf.jse.co.za/documents/2026/jse/isse/tru/Interim26.pdf and on the company's website at
http://www.truworths.co.za/investor-relations.
As required in terms of paragraph 4.13(e) of the JSE Listings Requirements, the directors of the company hereby confirm that the
interim results for the 26 weeks ended 28 December 2025 have been prepared in compliance with the JSE Listings Requirements.
INTERIM CASH DIVIDEND
The directors of the company have resolved to declare an interim gross cash dividend from retained earnings in respect of the
26-week period ended 28 December 2025 in the amount of 321 South African cents (Dec-2024: 317 South African cents) per ordinary
share to shareholders reflected in the company's register on the record date, being Friday, 20 March 2026.
The last day to trade in the company's shares cum dividend is Tuesday, 17 March 2026. Consequently, no dematerialisation or
rematerialisation of the company's shares may take place over the period from Wednesday, 18 March 2026 to Friday,
20 March 2026, both days inclusive. Trading in the company's shares ex dividend will commence on Wednesday, 18 March 2026.
The dividend is scheduled to be paid in South African Rand (ZAR) on Monday, 23 March 2026.
Dividends will be paid net of dividends tax (currently 20%), to be withheld and paid to the South African Revenue Service. Such tax
must be withheld unless beneficial owners of the dividend have provided the necessary documentary proof to the relevant
regulated intermediary (being a broker, Central Securities Depository (CSD) participant, nominee company or the company's
transfer secretaries, Computershare Investor Services (Pty) Ltd, Private Bag X9000, Saxonwold, 2132, South Africa) that they are
exempt therefrom, or entitled to a reduced rate, as a result of a double taxation agreement between South Africa and the country
of tax domicile of such owner.
The withholding tax, if applicable at the rate of 20%, will result in an interim net cash dividend per ordinary share of 256.8 South
African cents. The company had 404 498 899 ordinary shares in issue at the date of issue of this announcement. The dividend on
32 228 400 of these shares (at the date of this announcement) held by Group subsidiaries as treasury shares for their own account
will flow back into the Group. In accordance with the company's memorandum of incorporation the dividend will only be paid by
electronic funds transfer, and no cheque payments will be made. Accordingly, shareholders who have not yet provided their bank
account details should do so to the company's transfer secretaries.
The directors have determined that gross dividends amounting to less than 2 000 South African cents, due to any one shareholder
of the company's shares held in certificated form, will not be paid, unless otherwise requested in writing, but the net amount
thereof will be aggregated with other such net amounts and donated to a charity to be nominated by the directors of the company.
On behalf of the board.
H Saven MS Mark
Chairman Chief Executive Officer
26 February 2026
Truworths International Ltd Transfer secretaries:
(Incorporated in the Republic of South Africa) In South Africa:
(Registration number: 1944/017491/06) Computershare Investor Services (Pty) Ltd, Rosebank Towers,
(Tax reference number: 9875/145/71/7) 15 Biermann Avenue, Rosebank, 2196, South Africa
Private Bag X9000, Saxonwold, 2132, South Africa
JSE and A2X code: TRU
NSX code: TRW In Namibia:
ISIN: ZAE000028296 Transfer Secretaries (Pty) Ltd,
LEI: 37890099AFD770037522 Robert Mugabe Avenue No. 4, Windhoek, Namibia
PO Box 2401, Windhoek, Namibia
Registered office:
No. 1 Mostert Street, Cape Town, 8001, South Africa Company Secretary:
D Pask
PO Box 600, Cape Town, 8000, South Africa
Directors:
Sponsor in South Africa: H Saven (Chairman)§‡, MS Mark (CEO)*, EFPM Cristaudo
One Capital (Joint Deputy CEO/CFO)*, SJ Proudfoot (Joint Deputy CEO)*,
BM Deegan§‡, D Earp§‡, JHW Hawinkels (Lead Independent
Sponsor in Namibia:
Director)§‡, AMSS Mokgabudi§‡, TF Mosololi§‡, DR
Merchantec Capital Motsepe§‡, WG Muller§‡, RJA Sparks§‡ and AJ Taylor§‡
Auditor: * Executive § Non-executive ‡ Independent
Deloitte & Touche
www.truworths.co.za/investor-relations
Date: 26-02-2026 03:35:00
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