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COPPER 360 LIMITED — Earnings Release 2026
May 25, 2026
48702_rns_2026-05-25_c5d65ae4-d47f-4fe6-b89c-b1298b1027e1.pdf
Earnings Release
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COPPER 360 LIMITED
Incorporated in the Republic of South Africa
(Registration number 2021/609755/06)
Share code: CPR
ISIN: ZAE000318531
("Copper 360" or "the Company")
TRADING STATEMENT
In terms of section 6.26 of the JSE Limited Listings Requirements, a company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the period to be reported on will differ by at least 20% or more from those of the previous corresponding period.
The Company is pleased to advise shareholders of an improvement in its financial performance for the financial year ended 28 February 2026. Shareholders are accordingly advised that, compared to the previous corresponding period:
- Basic loss per share is expected to improve to between 26.25 cents per share and 29.01 cents per share, representing a reduction in the basic loss per share of approximately 36% to 43% (February 2025: basic loss per share of 45.65 cents per share); and
- Headline loss per share is expected to improve to between 26.91 cents per share and 29.75 cents per share, representing a reduction in the headline loss per share of approximately 12% to 20% (February 2025: headline loss per share of 33.82 cents per share).
The improvement is mainly due to the prior year including a non-recurring impairment of approximately R113 million on the SX-EW plant. This was achieved despite a R33.8 million loss on the issuance of equity in the current year arising from the rights issue.
The weighted average number of shares increased to 933 681 663 for the 2026 financial year (2025: 698 351 661 shares).
The financial information on which this trading statement is based is the responsibility of the directors of the Company and has not been reviewed or reported on by the Group's independent external auditor.
The Company's Reviewed Condensed Consolidated results for the year ended 28 February 2026 will be published on or about 29 May 2026.
25 May 2026
Stellenbosch
Designated Advisor: Bridge Capital Advisors Proprietary Limited