Half Year 2026 KAL Group Ltd Earnings Call Transcript

May 14, 2026 / 10:00 AM GMT

Release Date Price: R44.72 (+1.13%)

Transcript

Key Points

Positve

KAL Group Ltd (JSE:KAL) reported a strong gross profit growth of 8.8%, ahead of revenue growth.
EBITDA increased by 7.7%, with recurring headline earnings per share growing by 15.1%.
The company announced a 25% increase in the interim dividend to $0.70 per share, reflecting strong financial performance.
The PEG segment saw a 62.8% increase in attributable recurring headline earnings, driven by higher retail convenience contributions.
The group's balance sheet has strengthened, with a significant reduction in net interest-bearing debt by R454 million.

Negative

The Iran war led to higher fuel and fertilizer prices, impacting the business environment.
Fuel volumes are expected to remain under pressure due to higher fuel prices.
The grain segment's profit before tax remained flat despite a higher wheat harvest, due to additional costs.
The building material category within the retail channel is down 4%, reflecting economic pressures.
The company's share price has not grown in line with its financial performance, indicating potential market undervaluation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KALJ.J - KAL Group Ltd
Half Year 2026 KAL Group Ltd Earnings Call
May 14, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen. My name is Johan Le Roux and I'm the CEO of the Kell Group. Welcome to the interim results presentation for the six months period to 31st of March 2026. This is a pre-recorded webcast presented by myself and Graham Sim, the CFO of the group. We will both be available at the end of the presentation for a live Q&A session. And you may therefore send your questions throughout the presentation. If you are unable to handle a particular matter, we will get back to you promptly on the specific matter.

There you have the index or the agenda for the day on the screen. The presentation will cover points in terms of the key operational trends and financial performance for the interim period. In addition,

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