iOCO (IOC) H1 2026 TU earnings summary

Executive summary

• Earnings per share and headline earnings per share for the six months ended 31 January 2026 are expected to rise 42%–58% year-over-year, reaching 27–30 cents compared to 19 cents in the prior period.

• Improved results attributed to cost rationalisation, a decentralised operating model, and disciplined capital allocation.

Financial highlights

• Earnings per share and headline earnings per share expected between 27 and 30 cents, up from 19 cents year-over-year.

• Share repurchases since 1 August 2025 total 9,375,081 shares at R38,822,656, about 1.5% of issued share capital.

• Cash balances decreased by R12,442,826 due to recent share repurchase.

Outlook and guidance

• Management anticipates further updates on progress in the upcoming financial results announcement on or about 18 March 2026.

• Board confident in the Group's ability to pay debts and maintain adequate working capital and reserves for the next twelve months.