SOUTHERN SUN LIMITED - Publication of the Financial Results for the six months ended 30 September 2026 and further Trading Statement

Publication of the Financial Results for the six months ended 30 September 2026 and further Trading Statement

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number: 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
(“Southern Sun” or “the Group” or “the Company”)


PUBLICATION OF THE FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2026 AND FURTHER TRADING STATEMENT

Shareholders are referred to the preliminary trading update released on 9 September 2026, which contained
detailed commentary on Southern Sun’s financial performance based on management accounts for the five
months ended 31 August 2026 and an estimate of trading for September 2026.

For the six months ended 30 September 2026, the Group’s overall occupancy increased from 59.1% to 61.8%,
while average room rates increased by 9%. This resulted in total revenue growth of 12%, comprising revenue
growth of 10% from the South African portfolio and 55% from the offshore segment, in line with the guidance
provided in the preliminary trading update.

Operating expense growth was contained to 8%, notwithstanding above-inflationary cost pressures relating to
information technology, utilities, property rates and online travel agent commissions. Net finance costs
(excluding IFRS 16 finance costs) decreased by 67% following the settlement of US dollar-denominated debt and
continued strong cash generation.

The expected growth in earnings per share (EPS), headline earnings per share (HEPS) and adjusted headline
earnings per share (AHEPS) is set out below:

                                Range for the six     Total Group financial results
                                     months ended          for the six months ended                  Change on
                                30 September 2026                 30 September 2025          30 September 2025
 EPS (cents)                          32.1 – 34.1                              24.5     Increase of 31% to 39%
 HEPS (cents)                         33.6 – 35.6                              24.8     Increase of 35% to 44%
 AHEPS (cents)                        33.6 – 35.6                              24.9     Increase of 35% to 43%

Shareholders are reminded that Southern Sun is scheduled to release its financial results for the six months
ended 30 September 2026 on Wednesday, 18 November 2026. A presentation will be held via Microsoft Teams
at 11:00 on the same day. The link will be available on the Company’s website at
www.southernsun.com/investors.

The financial information on which this trading statement is based has not been reviewed or reported on by the
Group’s external auditors.

12 November 2026

Sponsor
Investec Bank Limited
Date: 12/11/2026 11:40:00
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.