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Results of the annual general meeting
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group" or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at
12:30 p.m. today, Thursday, 5 February 2026 at the Grande Roche Hotel, 1 Plantasie Street,
Paarl, 7646 ("AGM"), all of the resolutions were passed by the requisite majority of the
Company's shareholders.
Details of the results of the voting at the AGM are as follows:
Votes
Votes for against
resolution resolution
as a as a Number of Number of
percentage percentage shares shares
of total of total voted at abstained
number of number of Number of AGM as a as a
Resolutions shares shares shares percentage percentage
proposed at the voted at voted at voted at of shares in of shares in
AGM AGM AGM AGM issue* issue*
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 1:
Re-appointment of
Deloitte as the
auditor
Ordinary resolution 100% 0.00% 29 441 236 39,61% 0.05%
number 2:
Confirmation of
appointment of Ms
NR Nkosi as
director
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 3:
Re-election of Dr
EA Messina as
director
Ordinary resolution 81.44% 18.56% 29 441 236 39.61% 0.05%
number 4:
Re-election of Mr
GM Steyn as
director
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 5:
Re-election of Ms B
Mathews as
director
Ordinary resolution 82.21% 17.79% 29 441 236 39.61% 0.05%
number 6:
Re-appointment of
Mr CA Otto as a
member of the
Audit and Risk
committee
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 7:
Re-appointment of
Mrs D du Toit as a
member of the
Audit and Risk
committee
Ordinary resolution 99.87% 0.13% 29 441 236 39.61% 0.05%
number 8:
Re-appointment of
Ms B Mathews as a
member of the
Audit and Risk
committee
Ordinary resolution 99.32% 0.68% 29 441 236 39.61% 0.05%
number 9:
Re-appointment of
Mr JH le Roux as a
member of the
Audit and Risk
committee
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 10:
Appointment of Ms
NR Nkosi as a
member of the
Social and Ethics
committee
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 11:
Re-appointment of
Dr EA Messina as
a member of the
Social and Ethics
committee
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 12:
Re-appointment of
Ms B Mathews as a
member of the
Social and Ethics
committ
Ordinary resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 13:
Re-appointment of
Mrs Sulaiman-Bray
as a member of the
Social and Ethics
committee
Ordinary resolution 94.47% 5.53% 29 440 896 39.61% 0.05%
number 14:
Non-binding
endorsement of
KAL Group's
remuneration policy
Ordinary resolution 99.98% 0.02% 29 440 896 39.61% 0.05%
number 15:
Non-binding
endorsement of
KAL Group's
implementation
report on the
remuneration policy
Ordinary resolution 84.43% 15.57% 28 899 527 38.89% 0.78%
number 16:
General authority to
issue ordinary
shares for cash
Special resolution 99.60% 0.40% 29 441 236 39.61% 0.05%
number 1:
Approval of non-
executive directors'
remuneration
Special resolution 99.98% 0.02% 29 444 180 39.62% 0.05%
number 2:
Share repurchases
by the Company
and its subsidiaries
Special resolution 100% 0.00% 29 441 236 39.61% 0.05%
number 3:
Inter-company
financial assistance
Special resolution 99.99% 0.01% 29 441 976 39.62% 0.05%
number 4:
Financial
assistance for the
subscription and/or
purchase of shares
in the Company or
a related or inter-
related company
Note:
*Total number of shares in issue as at the date of the AGM was 74 319 837, of which 3 708 514
were treasury shares.
Paarl
5 February 2026
Sponsor
PSG Capital
Date: 05-02-2026 05:36:00
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Change to the board of directors
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL" or the "Company")
CHANGE TO THE BOARD OF DIRECTORS
KAL's board of directors ("Board") wishes to advise shareholders that Mr Sean Walsh is retiring
as chief executive officer ("CEO") and director of the Company, with effect from
28 February 2026.
Since his appointment in August 2011, Sean has over the course of almost 15 years led KAL's
transformation from a primarily agri-focused group to now being a unique, growth-focused
lifestyle retailer committed to providing best-in-value solutions in retail, fuel and agri-inputs to
consumers across Southern Africa. This extended beyond the evolution of the business to the
repositioning of the Company through its successful listing on the JSE Main Board in 2017.
Sean will remain available as a resource to the Board and management in the coming months,
and leaves behind an exceptionally strong and experienced management team, with the KAL
group well-positioned to execute its five-year FY30 strategy of achieving superior and
sustainable growth, operational excellence and enhanced shareholder value.
The Board wishes to thank Sean for his leadership and efforts during his tenure at KAL and
wishes him well with his future endeavours.
The Board is pleased to announce the appointment of Mr Johann le Roux as KAL's CEO with
effect from 1 March 2026. Johann qualified as a Chartered Accountant (CA(SA) and also holds
a HDip (Tax)). He has been closely involved with KAL for many years, having served as a non-
executive director of the Company since April 2014 and being involved on various sub-
committees. He was previously the CEO and CFO of JSE-listed Zeder Investments Limited and
a director of many of its operational subsidiaries and associates. As a result, Johann has
extensive experience and knowledge of agri-business, logistics, retail, fuel and other sectors.
This experience and his knowledge of the listed and private investment space (including M&A),
position Johann well to lead KAL as it continues to pursue its FY30 strategy.
The Board welcomes Johann to his new role and looks forward to his contribution.
Paarl
5 February 2026
Sponsor
PSG Capital
Date: 05-02-2026 01:00:00
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Voluntary business update at AGM
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL" or "the Company" or "the Group")
VOLUNTARY BUSINESS UPDATE AT AGM
Immediately following the annual general meeting ("AGM") of the Company, that will be held
at 12:30 p.m. today, 5 February 2026 at the Grande Roche Hotel, 1 Plantasie Street, Paarl, a
voluntary business update will be provided to shareholders by the CEO, Sean Walsh, the
Agrimark MD, Arno Abeln and the PEG MD, Xolisa Bangazi. A presentation relating to the
voluntary business update is available on the Company's website at
https://www.kalgroup.co.za/s3/AGM2026-Presentation
The business update and presentation are focused on the Group's performance during the
first three months of the 2026 financial year ("Q1"). While the Company does not report on a
quarterly basis, it wishes to provide shareholders with an update on its Q1 performance.
The salient points of the presentation are outlined below:
1. The Group's 2030 strategy aims to deliver a 15% compound annual growth rate in profit
before tax, in addition to the new business segment previously referred to, targeting a
return on equity of 15%, an average debt-to-equity ratio of 40%, return on invested capital
("ROIC") of 14% and an improvement in dividend cover to 2.5 times.
2. Within the Agrimark segment, the positive momentum experienced during the second half
of the prior financial year continued. Q1 agri turnover increased by 8.4% compared to the
first quarter of the prior financial year ("LY"), with trading profit growing by 8.7%. Q1 retail
turnover increased by 2.3% with trading profit growing 7.2%. Fuel volumes were down
2.6%. Footprint expansion projects were completed across 4 provinces.
3. Within the PEG segment, retail turnover of R576m resulted in an increase in retail gross
profit of 8.7%, and fuel gross profit grew by 5.9%, when compared to LY. Fuel volumes
increased 3% year-on-year ("YOY"), with growth in petrol volumes exceeding the growth
in diesel volumes. Total PEG gross profit increased by 7.3% YOY. 18 Projects were
completed during Q1, including 3 new quick service restaurants, 2 new bakeries and 13
upgrades, as well as the digitisation of all KFC kiosks across the business.
4. Group RHEPS increased by 13.4% YOY.
5. The Group's ROIC ratio improved by 8.2% on the ROIC ratio for the prior comparable
period.
6. The Group's debt-to-equity ratio reduced YOY to 34.3% (LY: 48.8%).
7. The Group's overall gearing position improved during Q1, with net interest-bearing debt
reducing by R385m YOY.
8. The Group's outlook is encouraging with the fruit sector season starting well and fuel
volume recoveries continuing. Retail discretionary spend remains under pressure.
9. The Group is confident that its 2030 strategic growth targets are achievable and its
dividend acceleration strategy is on track.
10. Various general operational statistics and comments on KAL's environmental, social and
governance (ESG) practices are included in the presentation.
Shareholders are referred to the above presentation, available on KAL's website, for further
details regarding the Group's Q1 performance.
The information above and in the presentation has not been audited or reviewed or otherwise
reported on by the Company´s external auditors.
Paarl
5 February 2026
Sponsor
PSG Capital
Date: 05-02-2026 12:00:00
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information disseminated through SENS.
Disposal of Agriplas Proprietary Limited extension of suspensive condition fulfilment date and waiver
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("the Company")
DISPOSAL OF AGRIPLAS PROPRIETARY LIMITED EXTENSION OF SUSPENSIVE
CONDITION FULFILMENT DATE, WAIVER OF SUSPENSIVE CONDITION AND
AMENDMENT TO THE EFFECTIVE DATE
Shareholders are referred to the announcement released on the JSE's Stock Exchange News
Service on 22 September 2025, wherein shareholders were advised that the Company and its
wholly owned subsidiary, Agrimark Operations Limited ("Agrimark"), have entered into a sale
of shares and claims agreement ("the Agreement") with Agriplas Holdings Proprietary Limited
("Purchaser") in terms of which the Company would dispose of the entire issued share capital
of Agriplas Proprietary Limited ("Agriplas"), as well as all claims held by Agrimark against
Agriplas, to the Purchaser.
Shareholders were further advised that the Company, Agriplas, Agrimark and the Purchaser
have entered into a sale of property agreement in terms of which Agrimark would sell the
property on which the Agriplas manufacturing facility is based to Agriplas.
(collectively, "the Disposals").
The Company now wishes to advise shareholders that all suspensive conditions to the
Disposals have been fulfilled, save for the condition requiring Eswatini Competition
Commission approval, which fulfilment date the parties have agreed to extend to
16 February 2026 in terms of an addendum to the Agreement ("the Addendum").
In terms of the Addendum, the parties have also agreed to waive the suspensive condition
requiring the conveyancer to confirm the signature of all of the property transfer documents
and payment of all amounts relating to the transfer, and to amend the effective date of the
Disposals to 31 January 2026.
The Company will update the market on any progress in due course.
Paarl
2 February 2026
Transaction Advisor and Transaction Sponsor
Valeo Capital (Pty) Ltd
Legal Advisor
Andersen South Africa
Sponsor
PSG Capital
Date: 02-02-2026 09:03:00
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the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Settlement of Awards under KAL Group’s Long-Term Incentive Plan
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL Group" or the "Company")
SETTLEMENT OF AWARDS UNDER KAL GROUP'S LONG-TERM INCENTIVE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting, automatic exercise and after-tax net-equity
settlement of awards in terms of the KAL Group Long-term Incentive Plan ("LTIP"), is disclosed:
1.
NAME OF DIRECTOR S Walsh
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Nil-cost options ("NCOs") in relation to
ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 20 January 2026
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 18 911
TOTAL VALUE OF NCOs VESTED R 940,135.89, based on a deemed value
of R49.71 per NCO
NUMBER OF ORDINARY SHARES 10 401
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR GW Sim
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 20 January 2026
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 9 030
TOTAL VALUE OF NCOs VESTED R 448,914.76, based on a deemed value
of R49.71 per NCO
NUMBER OF ORDINARY SHARES 4 966
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR H Smit
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 20 January 2026
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 4 990
TOTAL VALUE OF NCOs VESTED R 248,071.39, based on a deemed value
of R49.71 per NCO
NUMBER OF ORDINARY SHARES 2 744
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF DIRECTOR T Sulaiman-Bray
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 20 January 2026
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 3 634
TOTAL VALUE OF NCOs VESTED R 180,659.61, based on a deemed value
of R49.71 per NCO
NUMBER OF ORDINARY SHARES 1 998
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Paarl
20 January 2026
Sponsor
PSG Capital
Date: 20-01-2026 11:30:00
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Integrated Annual Report
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group" or the "Company")
INTEGRATED ANNUAL REPORT
Shareholders are referred to the Company's SENS announcement on 17 December 2025
notifying shareholders of the annual general meeting of the Company to be held at the
Grande Roche Hotel, 1 Plantasie Street, Paarl, and through electronic communication, at
12:30 p.m. on Thursday, 5 February 2026, and further advising shareholders that the
integrated annual report will be made available on KAL Group's website on or about
15 January 2026.
Shareholders are advised that the integrated annual report has today been made available
on KAL Group's website at https://www.kalgroup.co.za/investors/reports.
Paarl
15 January 2026
Sponsor
PSG Capital
Date: 15-01-2026 08:45:00
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Distribution of notice of annual general meeting
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL Group" or the "Company")
DISTRIBUTION OF NOTICE OF ANNUAL GENERAL MEETING
Shareholders of KAL Group ("Shareholders") are advised that the notice of the annual
general meeting of the Company ("AGM") ("Notice of AGM"), incorporating the Company's
summarised consolidated financial statements for the year ended 30 September 2025
("Summarised Financial Statements"), was distributed to Shareholders today,
17 December 2025.
The Notice of AGM, incorporating the Summarised Financial Statements and the proxy form
will also be available on the Company's website at
https://www.kalgroup.co.za/investors/reports as from today, 17 December 2025.
The Company's integrated annual report will be made available on KAL Group's website on
or about Thursday, 15 January 2026. KAL Group will, in due course, release a further
announcement in this regard.
NOTICE OF AGM
Notice is hereby given that the AGM will be held at 12:30 p.m. on Thursday,
5 February 2026 at the Grande Roche Hotel, 1 Plantasie Street, Paarl, and through electronic
communication, to transact the business set out in the Notice of AGM.
Kindly note the following salient details:
Issuer name KAL Group Limited
Type of instrument Ordinary shares
ISIN number ZAE000244711
JSE code KAL
Meeting type Annual General Meeting
Meeting venue The Grande Roche Hotel, 1 Plantasie Street,
Paarl
Record date – to determine which Friday, 5 December 2025
shareholders are entitled to receive the
notice of meeting
Publication/posting date Wednesday, 17 December 2025
Last day to trade – Last day to trade to Tuesday, 27 January 2026
determine eligible shareholders that may
attend, speak and vote at the meeting
Record date – to determine eligible Friday, 30 January 2026
shareholders that may attend, speak and
vote at the meeting
Meeting deadline date (For administrative Tuesday, 3 February 2026
purposes, forms of proxy for the meeting to
be lodged)
Meeting date 12:30 p.m. on Thursday, 5 February 2026
Publication of results Thursday, 5 February 2026
Website link https://www.kalgroup.co.za/investors/reports
Paarl
17 December 2025
Sponsor
PSG Capital
Date: 17-12-2025 03:14:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(the "Company")
BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT ("THE ACT"): ANNUAL COMPLIANCE REPORT
In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited
Listings Requirements, notice is hereby given that the Company's annual compliance report in
terms of section 13G(2) of the Act has been published and is, together with the Company's
latest broad-based black economic empowerment certificate, available on the Company's
website at https://www.kalgroup.co.za/impact/bbbee.
Paarl
12 December 2025
Sponsor
PSG Capital
Date: 12-12-2025 01:00:00
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the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Disclosure of Acquisition of Securities
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("the Company")
DISCLOSURE OF ACQUISITION OF SECURITIES
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended
("Companies Act"), and paragraph 3.83(b) of the JSE Limited Listings Requirements,
shareholders are hereby advised that the Company has received formal notification in the
prescribed form from Granate Asset Management ("Granate"), advising that it has acquired a
beneficial interest in securities of the Company, such that the total of all beneficial interests
held by it amounts to 5.09% of the Company's total issued ordinary share capital.
The requisite notice in terms of section 122(3)(a) of the Companies Act has been filed with the
Takeover Regulation Panel. The board of the Company accepts responsibility for the
information contained in this announcement and confirms that, to the best of its knowledge and
belief, such information accurately reflects the information contained in the TRP 121.1 form
received by the Company from Granate and that this announcement does not omit anything
likely to affect the importance of the information contained in this announcement.
Paarl
3 December 2025
Sponsor
PSG Capital
Date: 03-12-2025 10:00:00
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the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Audited Consolidated Financial Statements for the Year ended 30 September 2025 and Dividend Declaration
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
("KAL", the "Company" or the "Group")
AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 AND DIVIDEND DECLARATION
1. SALIENT FEATURES
Revenue R20.30 billion, decreased by 6.6% (30 September 2024 ("LY"): R21.73 billion), with
the deflationary impact of fuel contributing 5.8% of this decline.
Gross profit R3.09 billion, increased by 3.9% (LY: R2.97 billion).
EBITDA R923.8 million, increased by 7.5% (LY: R859.3 million).
Profit before taxation, excluding impairments and loss on sale of subsidiary, R707.8 million,
increased by 10.4% (LY: R641.3 million).
Earnings per share 570.33 cents per share, increased by 1.4% (LY: 562.26 cents per share).
Headline earnings per share 620.98 cents per share, increased by 10.6% (LY: 561.58 cents
per share).
Recurring headline earnings per share 624.47 cents per share, increased by 11.2% (LY:
561.58 cents per share).
Net cash from operating activities R933.6 million, increased by 10.0% (LY: R848.8 million).
Net interest-bearing debt to equity reduced to 38.1% (LY: 51.3%).
Net interest-bearing debt to EBITDA reduced to 1.2 times (LY: 1.8 times).
Total dividend 210.00 cents per share, increased by 16.7% (LY: 180.00 cents per share).
2. DIVIDEND DECLARATION
Given the significant repayment of the PEG acquisition debt and KAL's strong trading
performance and cashflows, the Group has improved its dividend cover to 2.8 times (2024:
3.0 times), in line with its communicated strategy to do so. A gross final dividend of 154.00
cents per share (2024: 126.00 cents per share) has been approved and declared by the
Board from income reserves, for the period ended 30 September 2025. The final dividend
amount, net of South African dividends tax of 20%, is 123.20 cents (2024: 100.80 cents) per
share for those shareholders not exempt from dividend tax or who are not entitled to a
reduced rate in terms of an applicable double tax agreement. Including the interim dividend,
the total dividend for the year ended 30 September 2025 of 210.00 cents per share (2024:
180.00 cents per share) increased by 16.7% from the prior year.
The salient dates for this dividend distribution are:
Declaration date Thursday, 27 November 2025
Last day to trade cum dividend Tuesday, 10 February 2026
Trading ex dividend commences Wednesday, 11 February 2026
Record date to qualify for dividend Friday, 13 February 2026
Date of payment Monday, 16 February 2026
Share certificates may not be dematerialised or rematerialised between Wednesday,
11 February 2026 and Friday, 13 February 2026, both days inclusive.
The number of ordinary shares in issue at declaration date is 74 319 837, the income tax
number of KAL is 9312717177 and the Company registration number is 2011/113185/06.
3. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full annual financial statements
("Full AFS") and does not contain full or complete details. The Full AFS can be found at:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/KALE/KALSept25.pdf
A copy of the Full AFS is also available for viewing on the Company's website at:
https://www.kalgroup.co.za/s3/year-end-results-30-sept-25
Shareholders are reminded that the Company will be hosting a webcast at 10:00 am today,
Thursday, 27 November 2025, to present the results to shareholders and the market.
For shareholders' convenience, the webcast registration details and link are included below:
- View and listen mode, with a Q&A facility
- Link: www.corpcam.com/KALGroup27112025
Any investment decisions by investors and/or shareholders should be based on consideration
of the Full AFS, as a whole.
The Full AFS have been audited by the Company's auditors, Deloitte & Touche, who
expressed an unmodified audit opinion thereon.
Paarl
27 November 2025
Sponsor
PSG Capital
Date: 27-11-2025 08:00:00
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