Nampak (NPK) Q4 2025 TU earnings summary

Executive summary

• Audited annual results for FY25 are being finalized, with release expected around 8 December 2025.

• Financial results for FY25 will differ by at least 20% from FY24, driven by significant operational and non-recurring items.

Financial highlights

• Continuing operations HEPS expected between 10,100.0 and 10,700.0 cents, up over 100% from 3,361.1 cents in FY24.

• Continuing operations EPS expected between 13,200.0 and 14,500.0 cents, up 75%–92% from 7,554.0 cents in FY24.

• Total operations HEPS expected between 11,950.0 and 12,200.0 cents, up over 100% from 1,378.0 cents in FY24.

• Total operations EPS expected between 41,150.0 and 42,000.0 cents, compared to a LPS of 4,500.8 cents in FY24.

Significant events and developments

• Significant interest cost reduction of R369 million, pension fund surplus of R47 million, and R195 million net settlement from a Covid-19 insurance claim recognized in FY25.

• Prior year included a post-retirement medical aid gain of R212 million, offset by R372 million in other non-recurring costs.

• EPS increase largely due to recycling of a net foreign currency translation reserve of R2.2 billion.