Trellidor forecasts significant EPS drop due to write-downs

Trellidor Holdings Limited has issued a trading statement forecasting a significant decrease in its financial results for the year ending June 30, 2025 (FY25). The company expects its earnings per share (EPS) to decrease by between 217% and 207%, resulting in a loss per share of between -42.31 and -38.7 cents, down from an EPS of 36.1 cents in FY24. This sharp decline is primarily attributed to "Disposal related Write-Downs" following the sale of Taylor Blinds and NMC, which closed on August 25, 2025, for R51.9 million.

Despite the EPS impact, the company's headline earnings per share (HEPS) is projected to decrease by a more modest range of 15% to 5%, landing between 30.6 and 34.21 cents, compared to 36.1 cents in FY24. The difference is due to the Disposal related Write-Downs being added back for HEPS calculation purposes.

Other contributing factors to the HEPS decline include lower revenue from the Trellidor UK division and a weaker performance from the local Trellidor division. The company also noted a reduction in net debt from R146.7 million at June 30, 2023, to R85.3 million by December 31, 2024, with a portion of the disposal proceeds allocated to further debt reduction.