In terms of paragraph 3.4(b) of the JSE Limited (“JSE”) Listings Requirements, a company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the upcoming reporting period will differ by at least 20% from those of the previous corresponding reporting period.
Earnings per share (“EPS”), headline earnings per share (“HEPS”) and adjusted HEPS
As detailed in the voluntary trading update for the year ended 30 September 2025 (“FY 2025”) released on SENS on 30 September 2025, due to increased activity, sustained operational efficiencies, the realisation of digitisation benefits, reduced strategic and diesel costs, lower interest rates and the positive impact of the share buyback programme, EPS, HEPS and adjusted HEPS for FY 2025 are expected to increase against the prior year (“FY 2024”).
Adjusted HEPS is a key measure of sustainable earnings from trading operations. The calculation of adjusted HEPS excludes non-trading and/or non-recurring items.
The information provided in this trading statement has not been reviewed or reported on by Netcare’s external auditors.
Netcare intends to release its audited Group results for FY 2025 on or about Monday, 24 November 2025.