Nampak Ltd (JSE:NPK)

Half Year 2026 Nampak Ltd Earnings Call Transcript

May 29, 2026 / 08:00 AM GMT

Release Date Price: R484 (+1.25%)

Transcript

Key Points

Positve

Nampak Ltd (JSE:NPK) achieved a 33% reduction in net finance costs due to sustained debt reduction and lower interest rates.
Net debt decreased by 30% to $2.2 billion, improving the net debt to EBITDA ratio to 2.2 times, excluding Angola.
Beverage Angola delivered strong results with a 30% revenue and 28% EBITDA uplift, now representing 23% of group normalized EBITDA.
The company reported a 9% increase in normalized headline earnings, despite challenges in the diversified segment.
Nampak Ltd (JSE:NPK) has a sound balance sheet with a significant reduction in gearing, creating capacity for future growth and potential dividend resumption.

Negative

Revenue for the period was 1% lower at $5.6 billion, with a 6% decrease in normalized EBITDA, highlighting challenges in the diversified segment.
The diversified business experienced a significant volume decline and profit deleveraging due to structural and seasonal challenges.
The sale of Nampak Zimbabwe Limited is still in process, following an unsuccessful transaction earlier in the year.
The company faced sporadic raw material outages and an 8% depreciation of the Rand, impacting performance.
There is increased competition in the market, with some loss of business in the beer segment and export markets.

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

NPKJ.J - Nampak Ltd
Half Year 2026 Nampak Ltd Earnings Call
May 29, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, good afternoon and good evening to everyone joining us online today.

On behalf of the board and management team, I'd like to welcome our shareholders, analysts, investors, banks, members of the media and other stakeholders to our results presentation.

We appreciate your continued interest in the company and thank you for taking the time to join us as we reflect on our performance. For the reporting period.

Today's presentation will provide an overview of the financial results, key operational developments, and strategic priorities that continue to shape our business.

Following the presentation, there will be an opportunity for questions and discussions. Before we begin, I'd like to remind

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