Half Year 2025 Kap Ltd Earnings Call Transcript

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Feb 27, 2025

Feb 27, 2025 / 08:00AM GMT
Gary Chaplin - Kap Ltd - Chief Executive Officer, Executive Director

Good morning, ladies and gentlemen. Thank you for your attendance. This is the presentation of the results of Kap Limited, unaudited for the six months ended 31 December 2024.

I'm going to start with an operational review. Followed by France and the financials, and then I'll come back with the outlook, and then we'll take, questions at the end, as per our normal format. So, I think just the key takeaways from the results, Broadly, it's been a period of a lot of positive sentiment, the successful GNU, following the national elections, the two-part retirement system, a suspension of load shedding, lower inflation, lower interest, so generally a positive sentiment environment.

However, we haven't seen that translate into our trading environment as yet. We believe it will come, however, it's going to take time to actually filter down to operational level. Just in terms of the period, our highlights, we are really pleased that we have ramped up our major projects, the largest of which is PG Bisonâs new MDF line, and these

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