NVS Trading Statement Neutral

NOVUS HOLDINGS LIMITED - Trading statement

Novus Holdings Limited
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What this filing means

Novus Holdings expects a 19-29% drop in EPS due to non-recurring prior-year gains, while underlying HEPS remains stable despite a related-party loan impairment.

Bull case

  • The 19.1% to 29.1% EPS contraction is an optical base-effect distortion, driven by the non-recurrence of prior-year one-offs (a R16.3 million bargain purchase gain and a R51.1 million associate gain).
  • No further filing-grounded bullish signal is disclosed in this filing.

Bear case

  • Current year earnings are negatively impacted by a R19.9 million impairment on a related party loan receivable.

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Category
Trading Statement
Event posture
No Edge
Published
Jun 11, 2026

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