iOCO LIMITED - Results announcement: AFS for the year ended 31 July 2025, availability of the IAR and guidance for FY2026

Results announcement: AFS for the year ended 31 July 2025, availability of the IAR and guidance for FY2026

iOCO LIMITED
(Formerly EOH Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/014669/06)
JSE share code: IOC ISIN: ZAE000071072
("iOCO" or "the Company" or "the Group")


RESULTS ANNOUNCEMENT: AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 AND AVAILABILITY OF THE ANNUAL INTEGRATED
REPORT AND GUIDANCE FOR FY2026


Salient financial features
-    Adjusted EBITDA improved by 68% to R516 million (FY2024: R307 million).
-    Operating profit of R421 million, up 275% (FY2024: R112 million). Free cash flow per share improved to 53 cents (FY2024:
     negative 21 cents).
-    Net finance costs reduced by 24% to R89 million.
-    Earnings per share ("EPS") improved to 40 cents (FY2024: loss per share of 10 cents).
-    Headline earnings per share ("HEPS") improved to 40 cents (FY2024: headline loss per share of 0.21 cents).
-    Gross profit margins improved at 28.7% (FY2024: 27.3%).
-    Total Group revenue excluding sold entities R5.58 billion, down 1.2% (FY2024: R5.65 billion from continuing operations).
     Revenue growth of 4% inflection in H2 notably lifted since the new structure was effective.

Salient operational features
-   Operational performance continues to strengthen, as decentralisation and central cost rationalisation allows business units more
    flexibility to tailor technology services to benefit our clients. This saw recurring revenue improving to 48% (from 37%) and
    revenue inflecting to growth in H2 2025.
-   Following a successful turnaround improved financial performance, and strong free cash flow, the Group will progress its
    capital allocation strategy along these 3 priorities – share buybacks, balance sheet optimisation, and acquisitions. Acquisitions
    are expected to complement IOCO's existing portfolio, enhance its technology offerings, and unlock new revenue streams in
    high-growth sectors.

Guidance
Based on current trading conditions continuing, we see the Group generating the following performance in FY2026:
    - EBITDA of between R580 million to R600 million.
    - Above 60% recurring revenue.
    - Not less than 60 cents free cash flow per share.

The guidance assumes no major disruptions to business conditions within South African and globally, no unforeseen deterioration
of the macroeconomic environment, a stable political environment and no significant tax, interest rate or exchange rate changes in
the Group's operating jurisdictions.

The presentation of the Group's annual results hosted by the Joint Group Chief Executive Officer Rhys Summerton and Group Chief
Financial Officer Ashona Kooblall may be viewed via a webinar at 11h00 on 28 October 2025, by following the link:
https://presentations.corpcam.com/HoldingPageContainer.aspx.

Shareholders are advised that iOCO's annual integrated report together with the audited financial statements for the year ended
31 July 2025 ("2025 AFS") is available on the Company's website at: https://ioco.tech/investor-relations/.

The annual general meeting ("AGM") will be held on Wednesday, 3 December 2025 at 09:00 am by way of electronic participation.
The notice of AGM together with the audited financial statements for the year ended 31 July 2025 will be dispatched to shareholders
by no later than Monday, 3 November 2025 and will be made available on the Company's website.

This results announcement, including the guidance for FY2026, is the responsibility of the directors of iOCO. This results
announcement is only a summary of the information contained in the 2025 AFS. The 2025 AFS have been released on SENS and
is available on the JSE's website at: https://senspdf.jse.co.za/documents/2025/jse/isse/IOCE/FY2025.pdf.

The 2025 AFS have been audited by the Group's external auditors, Moore Johannesburg Inc. who have expressed an unqualified
audit opinion thereon. The audit report is included in the 2025 AFS which is available on the Company's website at:
https://ioco.tech/investor-relations/.

This results announcement, including the guidance for FY2026, has not been audited or reviewed by the Company's external
auditors. Any investment decisions by investors and/or shareholders should be based on a consideration of the 2025 AFS published
on iOCO's website as a whole.

27 October 2025


Sponsor
Java Capital
Date: 27-10-2025 05:45:00
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