Wrap Text
Audited financial results for the year ended 28 February 2026
INSIMBI INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No: 2002/029821/06)
Share code: ISB
ISIN code: ZAE000116828
Main Board – General Segment
("Insimbi" or "the Group" or "the Company")
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2026
PROFILE
Insimbi is a group of companies that sustainably source, process, beneficiate and recycle metals. The core business
expertise is the ability to source and provide local, regional, and global industrial consumers with the required commodity
over its four distinct business segments. The Group herewith announces its audited financial results for the twelve
months ended 28 February 2026.
FINANCIAL INDICATORS
2026 2025 % Change
Revenue (R'000) 5 270 119 4 984 574 6
Net cash from operating activities (R'000) (33 933) 61 543 (155)
Earnings before interest, tax, depreciation, and amortisation (R'000) 75 358 51 149 47
Operating profit (R'000) 47 788 25 672 86
Impairments of goodwill (R'000) - 77 816 (100)
Net Loss (R'000) (21 791) (110 545) (80)
Total comprehensive income / (loss) for the year (R'000) 607 (110 545) 101
Loss per share (cents) (6.79) (32.37) (79)
Headline loss per share (cents) (3.52) (6.50) (46)
OVERVIEW
Ongoing volatility, local economic stagnation and deindustrialisation have all continued to impact on the Company's
business. Commodity markets were influenced by a complex interplay of geopolitical tensions, inflationary pressures,
interest rate movements, and subdued growth in China. Locally, economic stagnation, high input costs and ongoing
deindustrialisation all presented challenges for Insimbi.
Despite these headwinds, the Group was able to make significant adjustments and improvements in several key areas
of the business. Decisive action was taken in respect of underperforming and sub-economic operations, which have
now been successfully repurposed or closed. This has stemmed the operational losses and the negative impact on the
Group's earnings and cash flow.
Disciplined cost management has been a key focus area. Operating expenditure has been reduced to levels last seen
prior to the Covid-19 pandemic, representing a decline of over 30% per annum since the 2022 financial year.
The relocation of Insimbi's secondary aluminium smelter operations to the Wadeville head office is progressing well and
we expect to be fully recommissioned within the 2027 financial year. This strategic move realises a long-term goal of
having all our South African operational locations occupying properties owned within the property portfolio.
DIVIDEND
No interim or final dividend was declared for the 2026 financial year.
OUTLOOK
While geopolitical tensions, particularly in the Middle East, continue to create uncertainty, overall sentiment has
improved compared to the prior year. Having navigated a prolonged period of disruption, the Group is now better
positioned to capitalise on emerging opportunities. Currency volatility remains a key risk, given our exposure to USD-
based transactions. Strengthened controls have been implemented to manage currency risk more proactively.
With the acquisitions now fully integrated and operations streamlined, we are focused on driving efficiency, improving
profitability, and positioning the Group for sustainable growth.
SHORT-FORM ANNOUNCEMENT
This short form announcement is the responsibility of the board of the directors and is only a summary of the audited
consolidated annual financial statements ("AFS"). The consolidated annual financial statements are available at the
following JSE cloudlink: https://senspdf.jse.co.za/documents/2026/jse/isse/ISBE/FY2026.pdf
Any investment decisions in relation to the Company's shares should include consideration of the information in the
AFS.
The AFS have been audited by the Group's auditors, Moore Cape Town Inc, who expressed an unmodified audit opinion
thereon.
The short-form announcement has not been reviewed or audited by the Company's auditor.
COMPANY INFORMATION
Directors: F Botha (Chief Executive Officer) CA (SA)
N Winde (Chief Financial Officer) CA (SA)
N Mwale* (Chairperson)
E Kwinda*
CS Ntshingila*
(*non-executive)
Company Secretary: N Legodi
Registered office: Stand 359 Crocker Road, Wadeville, Germiston, 1422
Website: www.insimbi-group.co.za
Sponsor: PSG Capital Proprietary Limited
Transfer Secretaries: Computershare Investor Services Proprietary Limited
Auditors: Moore Cape Town Inc.
Johannesburg
29 May 2026
Sponsor
PSG Capital
Date: 29-05-2026 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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.
Sharenet Sites 
