Kal Group Limited · JSE:KAL
Kal — Shareholder Meeting (February 2026)
10 slides from Kal's shareholder meeting presentation, Feb 5, 2026
Slide 1: Annual General Meeting
Annual General Meeting 5 February 2026 Presenters: Sean Walsh KAL Chief Executive Officer Arno Abeln MD Agrimark Xolisa Bangazi MD PEG
Slide 2: Contents
CONTENTS •1 F25 Summary •2 ESG impact •3 F30 Strategic outcomes •4 Agrimark •5 PEG •6 Conclusion 2
Slide 3: F25 Summary
F25 SUMMARY Gross Profit EBITDA (R’000) Recurring Fuel litre Return on Total dividend (R’000) headline EPS volumes Invested Capital per share (cents) (cents) (“ROIC”) 3,090,367 923,820 624.47 590.7m litres 13.2% 210.00 +3.9% +7.5% +11.2% +0.8% LY: 12.6% +16.7% Gearing Ratios: Debt: Equity Debt: EBIT
Slide 4: ESG Impact
ESG Impact B-BBEE Level 4 Harvesting Hope Partnership with OneFarm Impact since 2023: 56,84% 26,53% black ownership black ownership in PEG in KAL Group 895 t 789 t 3,5 m fresh produce fresh produce meals created distributed rescued to charities since 2023 Energy Projects KAL Academy 94 R13,7 m 529 8
Slide 5: F30 Strategic Outcomes
F30 STRATEGIC OUTCOMES FINANCIAL TARGETS OPERATING MODEL We will increase shareholder value by We will achieve our key goals through our achieving below financial targets: growth-focussed lifestyle retail model that features: ▪ 15% CAGR in PBT (Agrimark & ▪ A diverse and accessible footprint PEG) pl
Slide 6: Agrimark: F25 Highlights, F26 Q1 Trading Update, F30 Strategy
F25 Highlights: F26 Q1 Trading Update: ▪ Revenue +6.4%, Direct sales +8.6% ▪ Agri: TO +8.4% | TP +8.7% ▪ LFL Fuel volumes +3.7%, price deflation 11%, mkt ▪ Retail: TO +2.3% | TP +7.2% share growth, 9 sites from PEG ▪ Fuel Volumes: -2.6% [42.7m litres] ▪ Margins +6.5% [fuel price & retail] ▪ Projects
Slide 7: deli —
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Slide 8: PEG: F25 Highlights, F30 Strategy, F26 Q1 Trading Update
F25 Highlights: F26 Q1 Trading Update: ▪ 9 sites to Agrimark, 3 new (late H2), 1 disposal, 10 revamps, 4 new QSR’s, ▪ Retail ▪ Portfolio optimisation: 82 sites (89 LY) Turnover: R576m ▪ Volumes 426.7m litres, LFL improvement, strong H2 recovery Gross profit: +8.7% ▪ Road closures, upgrades & rebuild
Slide 9: Conclusion
CONCLUSION ▪ F26 Q1 key financial ratios ▪ RHEPS +13.4% compared to -3.1% LY ▪ ROIC improvement of 8.2% on F25 Q1 ▪ Debt:Equity 34.3% (LY 48.8%), debt reduced by R385m YOY ▪ Positives: fuel volumes, margin improvement, robust agri ▪ Agriplas disposal update ▪ Outlook: ▪ Fruit season kicked off well,
Slide 10: Thank You
THANK YOU