Unaudited results for the 26 weeks ended 28 December 2025 and cash dividend declaration

Delivering customer-first price leadership together with growth in sales, profits and dividends

Key information – continuing operations*

• Group revenue increased by 7.1% to R138.9 billion (restated H1 2025: R129.7 billion)
• Group sale of merchandise increased by 7.2% to R136.8 billion (restated H1 2025: R127.6 billion)
• Supermarkets RSA sale of merchandise increased by 7.1% to R115.3 billion (H1 2025: R107.7 billion)
• Diluted headline earnings per share (DHEPS) increased by 7.9% to 708.9 cents from the restated H1 2025 base of 657.3 cents (previously reported H1 2025: 659.9 cents)
• Adjusted DHEPS increased by 9.5% to 735.3 cents from the restated H1 2025 base of 671.8 cents (previously reported H1 2025: 676.1 cents)
• Interim dividend per share increased by 7.7% to 307 cents (H1 2025: 285 cents)
• Group opened a net number of 273 stores during the past 12 months
• Group once again created direct new jobs, 1 711 over the six months

* It is important to note the Group’s continuing operations result for the period under review is reported against a prior period which has been restated for the classification of the Group’s operations in Ghana, Malawi and furniture business in Angola and Mozambique as discontinued operations in terms of IFRS 5: Non-current Assets Held for Sale and Discontinued Operations (IFRS 5). As a result, the Group’s H1 2025 continuing operations DHEPS base has been restated to 657.3 cents (previously reported H1 2025: 659.9 cents).

Pieter Engelbrecht, Chief Executive Officer:

For the six months under review, the Shoprite Group increased sale of merchandise from continuing operations by 7.2% to approximately R136.8 billion. This equates to an additional R9.2 billion in incremental sales versus the comparative interim period.

This performance was delivered during a period of very low internal selling price inflation, averaging 0.7% for the half year, moving into deflation in our key festive season trading window, well below Stats SA’s official food and non-alcoholic beverages inflation of 4.7% for the period. Together with R9.7 billion in Xtra Savings discounts at till point for customers, this underscores our position regarding lowest prices and affordability as not some afterthought or something that sits at the periphery of our purpose, but rather what we choose to lead with for our customers.

Within our core Supermarkets RSA segment, our distinct supermarket banners which form the basis of our clearly defined and consistent market segmentation strategy, executed superbly. These businesses continue to contribute the lion’s share of Group sales (84.3%), increasing sales for the period by 7.1%. Shoprite and Usave increased sales by 5.1% with internal selling price deflation of 0.1% and 0.7% respectively, whilst Checkers and Checkers Hyper increased sales by 8.9% from internal selling price inflation of 1.9% and 1.1% respectively – clearly illustrating growth in number of customers as well as product volume.

Within Supermarkets RSA, the Sixty60 on-demand digital platform continues to drive sales growth and customer adoption, evidenced by sales increasing by 34.6% to R11.9 billion for the six months.

Whilst small in the context of our Group, our organically developed adjacent businesses including Petshop Science, Uniq Clothing by Checkers, Checkers Outdoor and Little Me increased sales by 70.9%, broadening our value proposition and increasing our share of wallet. Notably, Petshop Science, our greenfields pet business with over 170 stores, continues to advance strongly, aided by its transition to the Sixty60 on-demand delivery platform.

Outside South Africa, Supermarkets Non-RSA delivered 12.1% sales growth, however constant currency sales growth measured 9.5%. From a profitability perspective this segment’s performance remains challenging, notably impacted this period by adverse conditions in Mozambique. We continue to maintain a disciplined approach to capital allocation as well as portfolio focus and following the recent classification of our operations in Ghana and Malawi as discontinued operations, our scope of operations on the continent now numbers seven countries, all situated relatively close to our South African home base.

Reflecting on the Group’s growth in sales, DHEPS and dividends for this half year in the context of little to no selling price inflation, deflation and rising costs is commendable. With this in mind, growing sales within our core Supermarkets RSA segment at a rate of 2.3 times the ‘rest of market’ growth for the period, per NielsenIQ, with this outperformance widening to 5.3 times the ‘rest of market’ growth over the important Black Friday and December festive season, underscores the strength of our planning, marketing and execution during festive season trade. My heartfelt thanks to our incredible employees who put affordability for customers ahead of all else, and in doing so sustained the trust in our brands and what we stand for. To our valued customers, we thank you for your custom and for choosing us for your daily needs. It is through this shared commitment we remain dedicated to ensuring all of our customers can live better each day as a result.