BARLOWORLD LIMITED - Annual Results for the 12 months ended 30 September 2025

Annual Results for the 12 months ended 30 September 2025

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(A2X code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "group")


SHORT FORM ANNOUNCEMENT
ANNUAL RESULTS FOR THE 12 MONTHS ENDED 30 SEPTEMBER 2025

Financial performance
- Free cash flow generated increased by 161% to R1.7 billion (2024: R0.7 billion)
- Group revenue declined by 10.0% to R37.7 billion (2024: R41.9 billion)
- Group revenue excluding Vostochnaya (VT) declined by 4.7% when compared to the prior period
- Group HEPS declined by 21% to 810 cents (2024: 1 022 cents)
- Group HEPS excluding VT declined by 14%
- Basic earnings per share from group operations declined by 24% to 777 cents (2024: 1 022 cents)
- Basic earnings per share excluding VT declined by 17%
- EBITDA margin remains resilient at 11.7% excluding VT
- Net debt improved by 37% to R884 million (2024: R1 406 million)
- Net asset value per share grew by 3.9% to 9 141 cps (2024: 8 798 cps)
- Total ordinary dividend for the year 120 cps (2024: 520 cps)
- Final ordinary dividend of Nil cents per share (2024: 310 cps)

Short form announcement
This short form announcement is the responsibility of the board of directors of Barloworld, is a summarised version of
the full results in respect of the 12 months ended 30 September 2025 of Barloworld and its subsidiaries (collectively
"the group") and as such does not contain full or complete details pertaining to the group's year-end results. Any
investment decisions should be made based on the full results.

The full results can be found on the group's website Year end Results - Investors - Barloworld and on the JSE cloud
link at: https://senspdf.jse.co.za/documents/2025/jse/isse/BAWE/ye2025.pdf

Audit opinion
The annual financial statements were audited by the group's joint auditors Ernst & Young Inc. and SNG-Grant Thornton,
who expressed an unqualified audit opinion thereon. The full audit opinion is available on the group's website at
Year end Results - Investors - Barloworld together with the Barloworld annual financial statements.

Directors
Non-Executive
NN Gwagwa (Chair), N Chiaranda^, NP Mnxasana, NV Mokhesi, H Molotsi, V Nkonyeni, B Odunewu*, P Schmid, A Sfeir**
^ Italy, * Nigeria, **Lebanese

Executive
DM Sewela (Group Chief Executive Officer), N Lila (Group Finance Director)

Group company secretary
Nomini Rapoo
Sandton
17 November 2025

Equity and Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Enquiries:
Kgaugelo Legoabe-Kgomari
Group Investor Relations
Tel: +27 82 619 4710
E-mail: bawir@barloworld.com

About Barloworld
Barloworld is positioned as an industrial processing, distribution and services company with two primary areas of
focus: Industrial Equipment and Services and Consumer Industries (food and ingredient solutions). Our provision of
Industrial Equipment and related services, offers earthmoving equipment, industrial services and power systems, which
enable the operation and maintenance of a large array of mining, construction and power solutions for our customers,
with whom we have built enduring relationships based on mutual trust. Through our Consumer Industries business, Ingrain,
we provide large enterprises with the ingredients essential to the manufacturing of a range of products including food
and beverages, paper, pharmaceuticals, building materials and adhesives, among others.

Date: 17-11-2025 07:30:00
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