Barloworld's trading results mixed, driven by Mongolia performance

Barloworld's revenue reached R14.8 billion for the five months ending February 2025, a 4.9% dip from the prior year's R15.6 billion. Group EBITDA decreased by 12% to R1.6 billion, while operating profit from core trading activities fell 20.5% to R1.1 billion. The performance was largely driven by Barloworld Mongolia, which saw a 44% revenue increase in rand terms, mitigating a 9.2% decline in Equipment southern Africa. VT's revenue decreased 25.3% to $60.6 million. Ingrain, however, saw a 11.4% increase in EBITDA to R353.7 million. Equipment southern Africa's revenue softened by 9.2% to R8.8 billion. The company is actively addressing potential export control violations at VT and has been granted an extension until June 2, 2025 to complete its investigation. Barloworld says it remains comfortable with its gearing levels and liquidity.