AFROCENTRIC INVESTMENT CORPORATION LIMITED - Trading statement

Trading statement

AFROCENTRIC INVESTMENT CORPORATION LIMITED
Incorporated in the Republic of South Africa
Registration Number: 1988/000570/06
JSE Code: ACT
ISIN: ZAE 000078416
("AfroCentric")

TRADING STATEMENT

In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, companies are required to
provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that
the financial results for the six months ended 30 June 2025 (the "current reporting period") to be reported
on, will differ by at least 20% from previous comparable period. Given the change in AfroCentric's
financial year end, AfroCentric has set out comparative information for the six months ended 30 June
2024 and the six months ended 31 December 2024 in this trading statement.

Accordingly, AfroCentric shareholders are advised that:

•    earnings per share for the current reporting period is expected to be between 10.15 cents and
     13.00 cents in comparison to
     o       the loss per share of 14.26 cents per share for the six months ended 30 June 2024; and
     o       the loss per share of 14.96 cents per share for the six months ended 31 December 2024;
•    headline earnings per share for the current reporting period is expected to be between 11.30 cents
     and 12.06 cents:
     o       reflecting a decrease of between 36.5% and 40.5% in comparison to the 19.00 cents per
             share for the six months ended 30 June 2024; and
     o       reflecting an increase of between 197.4% and 217.4% in comparison to the 3.80 cents per
             share for the six months ended 31 December 2024.

The growth in the current year earnings is attributable to revenue growth and cost containment in the
Services Cluster. This growth is however diluted by tough trading conditions in the Retail Cluster,
associated with the loss of some of designated service provider contracts and lower margins from
pharmaceutical products.

The decrease in headline earnings per share in the current reporting period when compared to the six
months ended 30 June 2024 is attributed to the tough trading conditions in the Retail Cluster associated
with the loss of some designated service provider contracts and lower margins from pharmaceutical
products and service fees.

Further information will be provided in AfroCentric's interim results for the current financial period, which
are expected to be published on or about 2 September 2025.

The financial information on which this trading statement is based has not been audited, reviewed, or
reported on by AfroCentric's external auditors.



Johannesburg
1 September 2025

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 01-09-2025 09:51:00
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