Reunert Limited · JSE:RLO
Reunert — FY2025 Earnings Presentation
25 slides from Reunert's earnings presentation, Nov 21, 2025
Slide 1: Results Presentation
RESULTS PRESENTATION For the financial year ended 30 September 2025 1
Slide 2: Contents
CONTENTS 01 Performance Overview 02 Financial Results for the Year 03 Segmental Review 04 Delivering on our Strategic Imperatives 05 Prospects 2
Slide 3: Performance Overview
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Slide 4: Performance Overview
PERFORMANCE OVERVIEW Delivering on our commitments: a strong second half and sustained momentum Key financial indicators Strategy achievements Shareholder value Headline earnings per share1 International Total dividend Strong H2 FY25 largely offsets ˃ Total international sales of R5bn up 5% to 383 c
Slide 5: Financial Results for the Year
02 Financial Results for the Year 5 5
Slide 6: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Total operations % Rm 2025 2024 Discontinued operation: change > Sale of the Group’s 51% share in Blue Nova Energy concluded in Revenue 13 956 14 446 3 September 2025 > Loss for the year of R142 million, after impairments and the loss Operating profit 1 375 1
Slide 7: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Strong H2 FY25 offsets challenging H1 FY25 Continuing operations % Rm 2025 20241 1 Revenue declined by 2% due to: change 1 Revenue 13 881 14 228 2 Electrical Engineering Segment Operating expenses (12 370) (12 578) 2 > Decline in revenue from power cable busi
Slide 8: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Strong H2 FY25 offsets challenging H1 FY25 Continuing operations % Rm 2025 20241 change 2 8% decline in operating profit Revenue 13 881 14 228 2 > The overall decline in segment operating profit: Operating expenses (12 370) (12 578) 2 − Electrical Engineering
Slide 9: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS Strong H2 FY25 offsets challenging H1 FY25 Continuing operations Decrease in continuing operations earnings: 3 % Rm 2025 20241 ˃ HEPS: (5%) – (36) cents per share change Revenue 13 881 14 228 2 ˃ EPS: (5%) – (36) cents per share Operating expenses (12 370) (1
Slide 10: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION Debt well within covenants with no gearing on ‘a net cash’ basis Rm Sep 2025 Sep 2024 1 Rm 2025 2024 PP&E, investment property, ROU assets & IA 1 824 1 900 Cash and cash equivalents 1 754 1 832 Goodwill 1 122 1 130 Bank overdraft (14) - Investment in join
Slide 11: Cash Flow Analysis
1 Working capital remains well controlled with an appropriate investment CASH FLOW ANALYSIS into working capital Group cash generation supports operational and strategic 2 Includes the final SARS tax refund of R62 million relating to the objectives and dividend payments Quince fraudulent transaction
Slide 12: Capital Expenditure
CAPITAL EXPENDITURE Rm 2025 2024 Plant and equipment 131 98 Rm Rm Capital work in progress 22 19 225 223 225 223 Intangible assets 35 53 Cyber security and IT investment 23 31 65 Other 14 22 81 Total 225 223 130 122 68 64 > Spent R225 million in capital expenditure, of which R130 million related to
Slide 13: Segmental Review
03 Segmental Review 13 13
Slide 14: Electrical Engineering
ELECTRICAL ENGINEERING Bolstered by record non-South African revenues Drivers Financial Performance Outlook The segment result was negatively impacted by: SEGMENT REVENUE (Rm) Non-South African business is well positioned to continue current momentum ˃ Weak South African gross domestic fixed investm
Slide 15: ICT
ICT Resilient performance in a subdued ICT market Drivers Financial Performance Outlook Despite a challenging South African market, the ICT Segment Segment positioned for growth delivered a solid performance with three of the four clusters SEGMENT REVENUE (Rm) Market outlook achieving year-on-year g
Slide 16: Applied Electronics Defence
APPLIED ELECTRONICS DEFENCE Strong Defence performance reflects long-term growth trajectory Drivers Financial Performance Outlook Strong growth in profit SEGMENT REVENUE* (Rm) Market environment ˃ Strong year-on-year growth in operating profit and margin ˃ Global defence budgets continue to rise ami
Slide 17: Applied Electronics | Renewable Energy
APPLIED ELECTRONICS| RENEWABLE ENERGY BOO ownership accelerates Drivers Financial Performance Outlook Increase in profitability for solar energy business Solar energy business is well positioned for future growth EFFECTIVE INTEREST IN SOLAR ASSETS* (BOOs) – (MW) ˃ Diligent operations, cost control,
Slide 18: Delivering on our Strategic Imperatives
04 Delivering on our Strategic Imperatives 18 18
Slide 19: Internationalisation
INTERNATIONALISATION Record international revenues GEOGRAPHICAL SPLIT OF INTERNATIONAL REVENUE (Rm) ˃ Provides a significant income stream to augment South African 4-year CAGR = 17% revenues 4 889 4 951 − R5bn non-South African sales - 17% 4-year CAGR 414 497 ˃ Growth impacted by a stronger Rand and
Slide 20: Portfolio Efficiency
20 PORTFOLIO EFFICIENCY ˃ The Group’s portfolio has been strengthened − Increased financial resilience in South Africa’s low-growth, low-inflation environment − Realise synergies − Leverage mutual strengths to accelerate growth − Simplified Reunert’s portfolio ˃ Portfolio actions − Disposed o Blue N
Slide 21: Prospects
04 05 Prospects 21 21 21 21
Slide 22: Prospects
PROSPECTS ˃ Good momentum created by strategic execution and the second half performance ˃ South African economy is expected to steadily improve: − Investment into energy, rail and ports projected to continue − Continued steady improvement in structural impediments to economic growth − Increased pri
Slide 23: The investment case
06 The investment case 23 23
Slide 24: Reunert's Investment Case
REUNERT’S INVESTMENT CASE Delivering sustained financial performance through strategic initiatives and organic growth, disciplined capital allocation and a strong balance sheet Strategically aligned, diversified portfolio of Growth strategies focused on Solid cash generation and a high-quality asset
Slide 25: Q&A Contact Us, Key upcoming dates
Q&A Contact Us Key upcoming dates > Integrated Report 19 December 2025 > AGM 24 February 2026 karens@reunert.co.za > Bank of America Conference 24 – 25 March 2026 25