Nampak (NPK) Trading update summary

Earnings guidance

• Normalised headline earnings per share (HEPS) expected between 3,900.0 and 4,300.0 cents, up 2% to 13% from 1H25.

• HEPS for continuing operations projected between 3,100.0 and 3,600.0 cents, down 37% to 45% from 1H25.

• EPS for continuing operations expected between 5,800.0 and 6,600.0 cents, a movement of (4%) to 9% from 1H25.

• For total operations, HEPS expected between 3,200.0 and 3,700.0 cents, down 45% to 52% from 1H25.

• Total operations EPS expected between 5,100.0 and 5,900.0 cents, down 84% to 86% from 1H25.

Key drivers and adjustments

• Normalised HEPS impacted by lower Diversified contribution, partly offset by R92 million post-tax reduction in finance costs.

• Prior period included R47 million pension fund surplus and R82 million Covid-19 insurance claim settlement.

• Current period includes R68 million Angolan can-line relocation costs.

• EPS benefited from a R239 million impairment loss reversal related to Beverage Angola.

• EPS decline for total operations mainly due to a R70 million impairment loss in Zimbabwe and non-recurrence of R2.5 billion profit from business disposals in 1H25.

Reporting and outlook

• Interim results for the period ended 31 March 2026 will be released on or about 29 May 2026.

• Trading statement not reviewed by external auditors.