SALUNGANO GROUP LIMITED - Audited Consolidated Financial Results for the Year ended 31 March 2026

Audited Consolidated Financial Results for the Year ended 31 March 2026

SALUNGANO GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG    ISIN: ZAE000306890
("Salungano" or "the Company" or "the Group")


AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026


Salungano hereby publishes its audited consolidated financial results for the year ended 31 March
2026 ("FY26"). The results reflect a material improvement in the Group's financial performance
compared to the prior year.

Highlights

•   Revenue increased to R4.47 billion (FY25: R4.37 billion)
•   Gross profit increased to R675 million (FY25: R372 million)
•   Operating profit increased to R458 million (FY25: R189 million)
•   Profit for the year increased to R209 million (FY25: R10 million)
•   EBITDA increased to R734 million (FY25: R429 million)
•   Cash generated from operations increased to R615 million (FY25: R462 million)
•   Interest-bearing borrowings and bank overdraft reduced to nil (FY25: R310 million)
•   Earnings per share increased to 50.89 cents (FY25: 2.54 cents)
•   Headline earnings per share increased to 50.85 cents (FY25: 2.62 cents)
•   No dividend was declared for the year (FY25: nil)

Results Announcement

This results announcement is the responsibility of the directors of Salungano and was approved by
the Board on 29 June 2026. The financial information contained in this announcement has been
extracted from the audited consolidated and separate annual financial statements for the year
ended 31 March 2026 ("2026 AFS") but has not itself been audited. The directors are responsible for
the accuracy of the extraction.

The 2026 AFS have been audited by SizweNtsalubaGobodo Grant Thornton Inc., which expressed an
unmodified audit opinion on the consolidated and separate annual financial statements. The
auditor's report contains a Material Uncertainty Related to Going Concern section drawing attention
to note 35 of the 2026 AFS, which indicates that, as at 31 March 2026, the Company's total liabilities
exceeded its total assets by R348 million and its current liabilities exceeded its current assets by R509
million. These events or conditions indicate that a material uncertainty exists that may cast
significant doubt on the Company's ability to continue as a going concern. The auditor's opinion is
not modified in respect of this matter.

This results announcement has been prepared in compliance with the JSE Listings Requirements.
This announcement does not include full or complete details of the 2026 AFS released on SENS on
30 June 2026. Any investment decision should be based on the 2026 AFS as a whole.

The 2026 AFS, including the independent auditor's report, are available through:

  • the Company's website:
      https://salunganogroup.com/wp-content/uploads/2026/06/Salungano-annual-financial-
      statements-31-March-2026_website.pdf; and

  • the JSE cloudlink: https://senspdf.jse.co.za/documents/2026/jse/isse/slge/FY26.pdf

The 2026 AFS are also available on request from the Company. Requests may be directed to Jannie
Muller, Chief Financial Officer, at Jannie@salunganogroup.com.

Woodmead

30 June 2026

Sponsor
Merchantec Capital

Date: 30-06-2026 05:00:00
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