Trellidor Holdings Ltd. · JSE:TRL
Trellidor — H1 2026 Earnings Presentation
16 slides from Trellidor's earnings presentation, Mar 10, 2026
Slide 1: Half Year Results Presentation
Trellidor Holdings Limited 31 December 2025 Half Year Results Presentation 10 March 2025 | 11:00 | Hosted by PSG Capital WELCOME We will begin shortly holdings.trellidor.co.za
Slide 2: Summarised Consolidated Half Year Results
TRELLIDOR HOLDINGS LIMITED SUMMARISED CONSOLIDATED HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2025
Slide 3: Operational Review
OPERATIONAL REVIEW TERRY DENNISON Group Chief Executive Officer
Slide 4: Business Overview
BUSINESS OVERVIEW • As previously reported, the Group successfully completed the disposal of Taylor and NMC during the period, effective from 1 July 2025. • Term debt was reduced by a further R19.8 million in September with a commensurate 48.1% drop in the interest charge for the period. • Debt faci
Slide 5: Business Overview cont.
BUSINESS OVERVIEW cont. Challenges • As anticipated, revenue declined by 21.3% on the restated comparative following the disposal of Taylor and NMC, primarily due to the completion of the significant non-recurring project in the UK, in February 2025. • The comparative period included R38.0 million i
Slide 6: Salient Features for the Six Months
SALIENT FEATURES FOR THE SIX MONTHS Revenue from R 161.1 million continued operations (2025: R204.8 million*) Operating profit margin 2.2% (2025: 16.5%) Headline earnings per 0.6 cents share (2025: 21.4 cents*) Net debt as at 31 December 2025 R 46.7 million (2025: R 85.3 million) *Comparative number
Slide 7: Strategic Outlook
STRATEGIC OUTLOOK • Addressing the erosion in shareholder value remains the foremost strategic objective for the Group. • The first phase which dealt with capital re-allocation to reduce gearing and enhance operational focus has been completed. • The next phase is currently in progress, dealing with
Slide 8: Financial Review
FINANCIAL REVIEW DAMIAN JUDGE Group Chief Financial Officer
Slide 9: Group Financial Performance
GROUP FINANCIAL PERFORMANCE* Revenue Operating Profit HEPS R 161.1 million R 3.5 million 0.6 cents down 21.3% down 89.7% down 97.2% • RSA revenues below expectation – 3.7% decline • Demand in the non-residential market is growing • Trellidor Africa behind – 11.4% decrease • Healthy project pipeline
Slide 10: Revenue Segmental Analysis
REVENUE SEGMENTAL ANALYSIS Geographical Source 16% South Africa 15% HY26 Rest of Africa 30% South Africa Rest of World HY25 Rest of Africa 69% 57% Rest of World 13% *Comparative numbers have been re-presented in accordance with the application of IFRS 5: Assets Held for Sale and Discontinued Operati
Slide 11: Earnings Per Share
EARNINGS PER SHARE FY 26 vs HY 2022 FY 2022 HY 2023 FY 2023 HY 2024 FY 2024 HY 2025 FY 2025 HY 2026 FY 25 Profit attributable to ordinary shareholders 24.1 0.4 25.6 3.5 20.4 34.4 28.0 (39.7) 0.6 (97.9%) Adjusted for: Profit on disposal of property, plant and equipment (0.0) (0.0) - 0.5 - (0.1) - 0.3
Slide 12: Group Financial Position
GROUP FINANCIAL POSITION Cash from operations Net debt Dividend declared R (5.4) million R 46.7 million 0.0 cps down by R51.6m down 45.3% Nil in HY25 • Cash generated from operations decreased to a cash utilisation position of R9.2m. • Net debt was reduced by R34.0m to R46.7m against the comparative
Slide 13: Group Balance Sheet
GROUP BALANCE SHEET 70% HY 2022 FY 2022. HY2023 FY2023 4HY2024 FY 2024 HY 2025 = FY 2025 HY 2025 Mm Debt MEME Equity ——Debt/Equity ratio TRELLIDGR J “THE ULTIMATE CRIME BARRIER
Slide 14: Group Net Working Capital
GROUP NET WORKING CAPITAL -35.7 25.6 4 -58.7 : ; 2.4 2.2 - 25. | ~*~ ~ ~ ~ BE 2 ~ HY 2022 FY 2022 HY 2023 FY 2023, HY 2024 FY 2024 HY 2025 FY 2025 HY 2026 Mmm inventory MllliTradeReceivables MmmmiTradePayables -—=NWC TRELLID@R “THE ULTIMATE CRIME BARRIER
Slide 15: Group Summarised Cash Flow
GROUP SUMMARISED CASH FLOW 48.3 39.5 24.5 20.4 18.2 16.5 0.3 3.5 HY 2022 FY 2022 HY 2023 FY 2023 HY 2024 FY 2024 HY 2025, Fy 2025 HY 2025, @ Headline Earnings after tax ™ Cash from operating activities @ Free cash flow TRELLIDGR J Hi
Slide 16: Q & A
TERRY DENNISON DAMIAN JUDGE GROUP CEO GROUP CFO Q&A holdings.trellidor.co.za