EPE Capital Partners (EPE) H2 2026 earnings summary

Executive summary

• Over R1.14 billion in disposal proceeds realized in 2026, including two major realizations totaling R1 billion.

• Two-year total return for shareholders reached 130%, with the portfolio discount to NAV narrowing to 4%.

• Leadership changes included a new CEO in November 2025 and a new CFO in April 2026.

• NAVPS declined from R8.57 to R5.62 at 30 June 2026, mainly due to asset sales.

• Board is focused on optimizing remaining Optasia exposure and preparing for final distribution, delisting, and deregistration.

Financial highlights

• NAV declined from R2,194m in June 2025 to R846m in June 2026, primarily due to the sale of Residual Assets and partial sale of Optasia.

• Gross cash proceeds of R1.14 billion received in 2026, including R366 million from Optasia dividends and IPO proceeds.

• R854 million returned to investors via a share repurchase in March 2026, funded by asset sales.

• NAVPS at 30 June 2026 was R5.62, with a share price of R5.38, reflecting a 4% discount to NAV.

Outlook and guidance

• Board is prioritizing the optimal realization of remaining Optasia exposure and readiness for final distribution and delisting.

• Analyst consensus for Optasia targets a share price uplift of 38% from current levels, with continued strong net income growth projected.