Enx Group Limited · JSE:ENX
Enx — FY2025 Earnings Presentation
33 slides from Enx's earnings presentation, November 2025
Slide 1: Results Presentation for the year ended 31 August 2025
RESULTS PRESENTATION for the year ended 31 August 2025
Slide 2: Contents
CONTENTS 01. Who we are 02. Our purpose and who we represent 03. Highlights and key focus areas 04. Financial performance 05. Our business units 06. Disposal group held for sale 07. Financial review 08. Outlook 2
Slide 3: Who we are
Vi og a =" BE: = = a ae > > fins MAUM(i 01 WHO WE ARE
Slide 4: Who we are
WHO WE ARE enX CHEMICALS ¹ DISTRIBUTION OF CHEMICALS: HEADCOUNT Polyolefins, styrenics, rubber and speciality chemicals 48 2024: 48 enX POWER DISTRIBUTION, RENTAL HEADCOUNT AND VALUE-ADDED SERVICES FOR: Diesel power solutions, renewables and diesel engines 184 2024: 206 ¹ Shown as a disposal group h
Slide 5: Our purpose and who we represent
02 OUR PURPOSE AND WHO WE REPRESENT
Slide 6: Our purpose
OUR PURPOSE enX Group is a manufacturer and distributor of quality branded power equipment and a distributor of quality branded chemicals • Quality brands and products - Chemicals - Power • Stock on-the-ground • Nationwide distribution • Technical expertise • Local manufacturing (Power) 6
Slide 7: Who we represent
WHO WE REPRESENT BRAND RECOGNITION MARKETING EXPERTISE RESEARCH AND DEVELOPMENT GROWTH OPPORTUNITIES SUPPORTED WITH CONFIDENCE BY GLOBAL TOP 10 AND LEADING INTERNATIONAL BRANDS CHEMICALS ¹ POWER ¹ Shown as a disposal group held for sale and discontinued operation with effect from 30 June 2025 7
Slide 8: Highlights and key focus areas
03 HIGHLIGHTS AND KEY FOCUS AREAS
Slide 9: Summary – at a glance
SUMMARY – AT A GLANCE Disposals • Fleet segment and Lubricants segment disposed of • Chemicals segment under option Capital returns • R520 million (R2.85 per share) distributed to shareholders during F2025 Financial position • R338 million restricted and unrestricted cash held at Service Centre - R1
Slide 10: Highlights and key focus areas
HIGHLIGHTS AND KEY FOCUS AREAS Trading Performance for the year ended 31 August 2025 compared to prior year • Following the classification of the Chemicals segment as a disposal group held for sale and discontinued operation from 30 June 2025 and the disposal of the Fleet and Lubricants segments in
Slide 11: Highlights and key focus areas: Chemicals divestment
HIGHLIGHTS AND KEY FOCUS AREAS Divestment of the Chemicals segment and subsequent classification as a disposal group held for sale and discontinued operation • SENS announcement dated 31 March 2025 announcing enX Trading had concluded a Subscription and Option Agreement (“S&O Agreement”) with Triche
Slide 12: Highlights: Acquisition of the Letting Enterprise
HIGHLIGHTS AND KEY FOCUS AREAS Acquisition of the Letting Enterprise comprising of New Way Power manufacturing facility in Alberton • SENS announcement dated 19 December 2024 announcing the acquisition of immovable property and all structures on 30-38 Jacoba Street, Alberton for R95 million • It was
Slide 13: Highlights and key focus areas
HIGHLIGHTS AND KEY FOCUS AREAS Dedicated financing facilities across all business units not guaranteed by the Group • WAG: - Trading facility of R250 million • New Way Power: - Indirect facility of R86 million • Covenants met across all finance facilities for the reporting period • Effective managem
Slide 14: Highlights and key focus areas
HIGHLIGHTS AND KEY FOCUS AREAS Significant reduction in overhead costs • Dedicated IT and Treasury functions transitioned into the respective business units • Service Centre costs have decreased significantly due to downsizing of the administration function and staff • Reduction of non-executive dir
Slide 15: Financial performance
04 FINANCIAL PERFORMANCE
Slide 16: Financial performance
FINANCIAL PERFORMANCE • Revenue from continuing operations of R378 million • Profit before taxation from continuing operations of R15 million (2024: R557 million), down 32% (2024: R22 million), down 32% - Lower profitability in the Power segment due to • HEPS from continuing operations of 1c loss pe
Slide 17: Our business units
05 OUR BUSINESS UNITS
Slide 18: Business unit analysis – New Way Power
BUSINESS UNIT ANALYSIS – NEW WAY POWER Rm F2025 F2024 F2025 Revenue 378 564 NEW WAY POWER EBIT 13 48 • Revenue ↓ 32% - Revenue across all streams, particularly in the equipment PBT 16 53 rental, renewables, diesel and services/installation categories fell significantly, with minimal loadshedding opp
Slide 19: Disposal group held for sale
06 DISPOSAL GROUP HELD FOR SALE
Slide 20: Strategic journey timeline
STRATEGIC JOURNEY TIMELINE Timeline Transaction R million Status F2024 November 2023 Special distribution arising from sale of EIE SA of R1 per share R182 Complete June 2024 Eqstra disposal R1 096 Complete² July 2024 Special distribution arising from sale of Eqstra of R5 per share R912 Complete F202
Slide 21: Disposal group held for sale – current year: Chemicals
DISPOSAL GROUP HELD FOR SALE – CURRENT YEAR Chemicals – disposal group held for sale in terms of IFRS 5 SENS announcement dated 31 March 2025 whereby SENS announcement dated 30 April 2025 whereby it was announced enX Trading had entered into a S&O Agreement • First Subscription Step was implemented
Slide 22: Business unit analysis – WAG
BUSINESS UNIT ANALYSIS – WAG CHEMICALS Rm F2025 F2024 2025 Revenue 1 803 1 848 WAG EBIT ³ 78 98 • Classified as a disposal group held for sale and discontinued operation with effect from 30 June 2025 PBT ³ 75 84 • Revenue ↓ 2% - Decrease in volumes of polyethylene, polystyrene Inventory 375 386 and
Slide 23: Disposal group held for sale – current year: Lubricants
DISPOSAL GROUP HELD FOR SALE – CURRENT YEAR Lubricants – disposal group held for sale in terms of IFRS 5 • SENS announcement dated 13 December 2024 announcing disposal of the Lubricants segment as a single, indivisible transaction to Abakhulu Investments • SENS announcement dated 11 March 2025 that
Slide 24: Disposal group held for sale – prior year
DISPOSAL GROUP HELD FOR SALE – PRIOR YEAR Eqstra - disposal group held for sale and discontinued operation in terms of IFRS 5 • SENS dated 12 December 2023 announcing disposal of Eqstra to Nedbank after definitive transaction agreements had been concluded • The suspensive conditions were fulfilled,
Slide 25: Financial review
07 FINANCIAL REVIEW
Slide 26: Summarised statement of profit and loss – continuing operations
FINANCIAL REVIEW SUMMARISED STATEMENT OF PROFIT AND LOSS CONTINUING OPERATIONS Restated ¹ Rm F2025 F2024 Revenue 378 557 Cost of sales (296) (434) Gross Profit 82 123 Operating expenses (120) (145) Operating Loss (38) (22) Net financing income 53 44 Profit before tax 15 22 Taxation (6) (17) Profit a
Slide 27: Condensed statement of financial position
FINANCIAL REVIEW CONDENSED STATEMENT OF FINANCIAL POSITION Rm August 2025 ¹ Held for sale August 2025 ² August 2024 Goodwill and intangibles - - - 38 Inventories 548 (375) 173 860 Trade and other receivables 492 (336) 156 717 PPE and right-of-use assets 41 (5) 36 178 Restricted consideration 129 - 1
Slide 28: Condensed statement of cash flows
FINANCIAL REVIEW CONDENSED STATEMENT OF CASH FLOWS Rm F2025 F2024 Cash generated from operations before working capital movements 115 891 Working capital movements (8) (838) Cash generated from operations 107 53 Net interest and taxation paid (10) (244) Net cash inflows/ (outflows) from operating ac
Slide 29: Gross and net interest-bearing borrowings
FINANCIAL REVIEW GROSS AND NET INTEREST-BEARING BORROWINGS Funding facilities (Rm) ³ Facility size (Utilised)/cash Liquidity Trading Businesses 250 - 250 Trade finance - WAG 250 - 250 Cash held at a subsidiary level ² ³ - 195 195 Cash held - Unrestricted ¹ - 102 102 Unrestricted net cash: 31 August
Slide 30: Covenant levels
FINANCIAL REVIEW COVENANT LEVELS ¹ WAG covenants Level August 2025 Equity levels >R205m R446m ² 1. All covenants met throughout the reporting period 2. Including Trichem’s 25% equity of R107 million 30
Slide 31: Outlook
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Slide 32: Outlook
OUTLOOK • Reported as a disposal group held for sale and discontinued operation • Management await Trichem SA’s decision with regards to exercising either their Put Option Chemicals or Full Ownership Option (until 31 October 2026) • Conditions are expected to remain stable but with increased competi
Slide 33: Disclaimer
DISCLAIMER Certain statements in this presentation regarding enX’s business operations may constitute “forward-looking statements”. All statements other than statements of historical fact are included in this presentation, including, without limitation, those regarding the financial position, busine