Earnings release
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HULAMIN LIMITED (Incorporated in the Republic of South Africa) Registration number 1940/013924/06 JSE Share Code: HLM ISIN: ZAE000096210 (“Hulamin”, the “Group” or the “Company”) TRADING STATEMENT AND BUSINESS REVIEW FOR THE HALF YEAR ENDED 30 JUNE 2026 BUSINESS PERFORMANCE RECOVERY The Group returned to profitability in the first half of 2026 (“H1 2026”) , underpinned by the remedial actions implemented following the operational challenges experienced in the second half of 2025. Overall H1 2026 normalised financial performance is nonetheless expected to be below the prior comparative period, reflecting a stronger R/$ exchange rate and lower volumes, partly offset by continued cost savings . Full details will be provided in the interim results announcement expected to be published on or about 3 August 2026. TRADING STATEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 In terms of paragraph 6.26 of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is reasonably certain that the financial results for the period to be reported will differ by more than 20% from those of the previous corr esponding period. Accordingly, shareholders are advised that, for the half year ended 30 June 2026, the Group expects the following: Metric H1 2026 (expected) Change H1 2025 (comparative) Earnings/(loss) per share 75 to 77 >100% (8) Earnings/(loss) per share – continuing operations# 79 to 81 >100% 14 Headline earnings per share 74 to 76 >100% 15 Headline earnings per share- continuing operations# 78 to 80 >100% 14 Normalised headline earnings- continuing operations# 9 to 11 (58%) to (65%) 26 #Continuing operations comprise the Rolled Products business unit, as Extrusions continued to be classified as a discontinued operation as at 30 June 2026. Note 1: Normalised headline earnings per share Normalised headline earnings per share is calculated on a basis consistent with the latest annual financial statements, by dividing normalised headline earnings by the weighted average number of ordinary shares in issue during the year. Normalised headline earnings is defined as headline earnings excluding (i) metal price lag and (ii) non -trading expense or income items which, due to their irregular occurrence, are removed in order to present more closely the earnings attributable to the ongoing activities of the Group. The presentation of normalised headline earnings is not an IFRS® Accounting Standards requirement and may not be directly comparable with the same or similar measures disclosed by other companies.
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The financial information contained in this trading statement is the responsibility of the directors and has not been reviewed or reported on by the Company’s external auditors. Hulamin’s unaudited consolidated interim financial statements for the half year ended 30 June 2026 will be published on 3 August 2026. Pietermaritzburg 31 July 2026 Sponsor Questco Corporate Advisory Proprietary Limited