Pick n Pay forecasts significant reduction in losses for FY25

Pick n Pay Stores Limited [JSE:PIK] expects to release its FY25 financial results on May 26, 2025, forecasting a notable reduction in losses. The company anticipates basic loss per share (EPS) to improve by 70% to 90%, projecting a range of -174.56 cents to -58.19 cents, compared to -581.85 cents in the prior year. Similarly, headline loss per share (HEPS) is expected to improve by 55% to 75%, falling within the range of -77.49 cents to -43.05 cents, versus -172.21 cents in FY24. The reduced losses are attributed to improved trading profits, lower interest charges from the recapitalization plan, and sustained growth at Boxer Retail Limited. Additionally, impairments are significantly reduced, declining from R 2.4 billion in FY24 to under R0.5 billion in FY25. While forecasting improved earnings, the Group cautions that it anticipates ongoing losses within the Pick n Pay segment, on a trading profit after lease interest basis, for some time.