AFT Trading Statement Bullish

AFRIMAT LIMITED - Trading statement and trading update for the year ended 28 February 2026

Afrimat Limited
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What this filing means

Afrimat expects robust HEPS growth of 27.0% to 37.1% for FY26 driven by operational strength, though pending regulatory approvals for asset divestitures remain an overhang.

Bull case

  • Afrimat expects double-digit earnings growth, with HEPS projected to rise by between 27.0% and 37.1% compared to the prior year.
  • The core aggregates business and local iron ore segments demonstrated strong operational performance with higher sales volumes.

Bear case

  • The divestiture of non-core assets remains incomplete as approval under Section 11 from the Department of Mineral and Petroleum Resources is still pending.

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Category
Trading Statement
Event posture
Constructive
Published
Apr 21, 2026

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