KAL GROUP LIMITED - Condensed Consolidated Financial Results and Dividend Declaration for the six months ended 31 March 2026

Condensed Consolidated Financial Results and Dividend Declaration for the six months ended 31 March 2026

KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL", the "Company" or the "Group")

CONDENSED CONSOLIDATED FINANCIAL RESULTS AND DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 MARCH 2026

1.   SALIENT FEATURES

     Revenue of R11.36 billion. Increased by 5.0% (31 March 2025: R10.82 billion).

     Gross profit R1.81 billion, increased by 8.8% (31 March 2025: R1.66 billion).

     EBITDA R599.7 million, increased by 7.7% (31 March 2025: R557.1 million).

     Earnings per share 513.87 cents per share, increased by 30.3% (31 March 2025: 394.29
     cents per share).

     Headline earnings per share 441.36 cents per share, increased by 12.5% (31 March 2025:
     392.47 cents per share).

     Recurring headline earnings per share 453.25 cents per share, increased by 15.1%
     (31 March 2025: 393.65 cents per share).

     Net cash from operating activities R575.2 million, increased by 3.9% (31 March 2025: R553.6
     million).

     Net interest-bearing debt to equity improved to 32.9% (31 March 2025: 48.4%).

     Interim dividend 70.00 cents per share, increased by 25.0% (31 March 2025: 56.00 cents per
     share).

2.   DIVIDEND DECLARATION

     A gross interim dividend of 70.00 cents per share, an increase of 25.0%, (2025: 56.00 cents
     per share) has been approved and declared by the board of directors of the Group, from
     income reserves, for the six months ended 31 March 2026. The interim dividend amount, net
     of South African dividends tax of 20%, is 56.00 cents per share for those shareholders not
     exempt from dividend tax or who are not entitled to a reduced rate in terms of the applicable
     double tax agreement.

     The salient dates for this dividend distribution are:

     Declaration date                              Thursday, 14 May 2026
     Last day to trade cum dividend                Tuesday, 9 June 2026
     Trading ex-dividend commences                 Wednesday, 10 June 2026
     Record date to qualify for dividend           Friday, 12 June 2026
     Date of payment                               Monday, 15 June 2026
     
     Share certificates may not be dematerialised or rematerialised between Wednesday,
     10 June 2026 and Friday, 12 June 2026, both days inclusive.

     The number of ordinary shares in issue at declaration date is 74 319 837, the income tax
     number of KAL is 9312717177 and the Company registration number is 2011/113185/06.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement ("Results Announcement") is the responsibility of the
     directors of the Company. It contains only a summary of the information in the condensed
     consolidated financial results for the six months ended 31 March 2026 ("Results") and does
     not contain full or complete details. The Results can be found at
     https://senspdf.jse.co.za/documents/2026/JSE/ISSE/KALE/KALMar26.pdf

     A copy of the Results is also available for viewing on the Company's website at
     https://www.kalgroup.co.za/s3/interim-results-31-mar-26.pdf

     Shareholders are reminded that the Company will be hosting a webcast at 12:00 pm today,
     Thursday 14 May 2026, to present the Results to shareholders and the market.

     For shareholders' convenience, the webcast registration details and link are included below:

     - View and listen mode, with a Q&A facility
     - Link: https://www.corpcam.com/KALGroup14052026

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Results, as a whole.

     The content of this Results Announcement and the Results have not been audited or
     reviewed by the Company's auditors.

Paarl
14 May 2026

Sponsor
PSG Capital

Date: 14-05-2026 08:00:00
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