CHOPPIES ENTERPRISES LIMITED - Trading statement

Trading statement

2CHOPPIES ENTERPRISES LIMITED ("Choppies" or "Company")

(Incorporated in the Republic of Botswana)
Registration number: BW00001142508
BSE SHARE CODE: CHOP-EQO
JSE SHARE CODE: CHP
ISIN: BW0000001072
("Choppies") or (the "Group") or ("Company")


TRADING STATEMENT

In terms of the Listings Requirements of the Botswana Stock Exchange ("BSE") and the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they become reasonably certain that the financial results for
the period to be reported on next will differ by more than 10% (in the case of the BSE) or more than 20% (in the case
of the JSE) from the financial results reported for the previous corresponding period.
Choppies is currently finalising its financial results for the 6 months ended 31 December 2024 ("HY2025"). Profit
after tax from total operations is expected to be in the range between negative 13% to 3%. Profit after tax from
continuing operations is expected to grow in the range between positive 6% to 16%.

Choppies expects the HY2025 financial results to be within the following ranges: -

                                                              HY2025                 HY2025              HY2024
                                                         Expected range (%)       Expected range     *Re-presented
 Profit after tax - BWP Millions
   Total operations                                         (13%) - (3%)                78 - 87           90
   Continuing operations                                      6% - 16%                 107 - 117          101
 
Earnings per share - thebe
   Total operations                                         (12%) - (2%)                 4.3 - 4.8         4.9
   Continuing operations                                      6% - 16%                   5.8 - 6.4         5.5
 
Headlines earnings per share - thebe
   Total operations                                          14 % - 23%                  5.9 - 6.4         5.2
   Continuing operations                                     27% - 38%                    7 - 7.6          5.5

*Comparative numbers have been re-presented in accordance with the application of IFRS 5: Non-current Assets Held
for Sale and Discontinued Operations. The Group sold the assets of the Zimbabwean segment in December 2024. The
Kamoso general merchandise business, the Kamoso South African liquor business and the Kamoso Mediland business
were discontinued during the June 2024 financial year.

The estimated financial information on which this trading statement is based has not been reviewed nor reported on
by the Company's external auditors. Accordingly, shareholders are advised to exercise caution when trading in the
Company's securities until such time as the actual results are released. The Company expects to release its HY2025
financial results on or about 24 March 2025.

The Company's primary listing is on the BSE and its secondary listing is on the JSE.

14 March 2025

BSE Sponsoring Broker                                                      JSE Sponsor

Motswedi Securities (Pty) Ltd                                              PSG Capital

Date: 14-03-2025 04:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.