QUANTUM FOODS HOLDINGS LIMITED - Trading statement and operational update

Trading statement and operational update

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
ISIN: ZAE000193686
("Quantum Foods" or the "Company")

TRADING STATEMENT AND OPERATIONAL UPDATE

TRADING STATEMENT

In terms of the JSE Listings Requirements, a listed company is required to publish a trading statement as soon as it is
reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from the most
recently published financial results for the previous corresponding period.

Shareholders of Quantum Foods are hereby advised that for the six months ended 31 March 2026 ("HY2026" or the
"Current Reporting Period"), the Company is reasonably certain that:

•   earnings per share ("EPS") of the Company will be between 87.4 cents and 93.4 cents compared to EPS of
    74.5 cents reported for the six-month period ended 31 March 2025 ("Previous Reporting Period"), being an
    increase of between 17% and 25%; and
•   headline earnings per share ("HEPS") of the Company will be between 83.5 cents and 89.5 cents compared to the
    HEPS of 74.8 cents reported for the Previous Reporting Period, being an increase of between 12% and 20%.

EPS for the Current Reporting Period includes an after-tax profit of R8.1 million (4.0 cents) arising from the disposal of
the dormant Najjera breeder farm in Kampala, which was previously classified as a non-current asset held for sale for
the year ended 30 September 2025.

OPERATIONAL UPDATE

Operating environment

Trading conditions during HY2026 were generally favourable compared to the Previous Reporting Period, supported by
higher demand for poultry products, lower feed input costs, low levels of electricity disruption in South Africa and
continued recovery following the impacts of highly pathogenic avian influenza in prior years.

Operational performance for the Current Reporting Period when compared to the Previous Reporting Period

•   Earnings from the feeds business improved, despite lower feed volumes sold to external customers. Efficiencies
    improved and cost and margin management was well executed. Earnings in the Previous Reporting Period were
    negatively impacted by additional costs incurred during the repair of the Malmesbury mill raw material intake area
    following the June 2024 explosion.
•   Earnings from the broiler farming business improved, driven by further gains in farming efficiencies in the
    Western Cape and the benefits realised in the day-old chick business in the North-West following the conversion of
    two farms to broiler breeder farms producing hatching eggs in the vicinity of the Hartbeespoort hatchery.
    This reduced hatching egg costs compared to the Previous Reporting Period, during which the majority of the
    hatching eggs were supplied to the Hartbeespoort hatchery from breeder farms in the Western Cape.
•   Earnings from the layer farming business were stable, reflecting lower earnings from the external sale of layer
    livestock (primarily point of lay hens) and additional costs associated with the geographic relocation of layer breeder
    stock, offset by continued improvements in layer farming efficiencies.
•   Earnings from the egg business decreased, as the benefits of a 4% increase in egg volumes sold, lower feed costs
    and improved packing station efficiencies were more than offset by a decline of 9% in average egg selling prices.
•   Earnings from the other African businesses were significantly higher, despite lower earnings from Mozambique
    where egg prices declined. In Zambia, reduced feed costs and fewer load shedding hours, together with increased
    demand for day old chicks and feed, and stable egg selling prices, resulted in higher margins. In Uganda, profitability
    also improved, driven by stable feed costs, enhanced farming efficiencies and increased volumes of day-old chicks
    and feed sold.
•   Unallocated Head Office costs increased, primarily due to increased costs related to long term management
    incentive schemes impacted by share price movements and Company earnings.

The financial information contained in this announcement is the responsibility of the directors of Quantum Foods and
such information has not been reviewed or reported on by the Company's external auditors.

The financial results for the Current Reporting Period are expected to be published on SENS on or about
Friday, 22 May 2026.


Wellington
6 May 2026

Corporate advisor and Sponsor
One Capital

Date: 06-05-2026 09:10:00
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