Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

NBSX: TRW - Business update

By Namibia Stock Exchange

===================== Business update

Truworths International Limited (Incorporated in the Republic of South Africa) (Registration number: 1944/017491/06) JSE and A2X code: TRU NSX code: TRW ISIN: ZAE000028296 LEI: 37890099AFD770037522 (‘Truworths International’ or the ‘Group’)

BUSINESS UPDATE

Group retail sales for the first 17 weeks (from 29 June 2026 to 25 October 2026) of the 2027 financial period (the ‘current period’) decreased by 4.3% to R6.5 billion when compared to the first 17 weeks (from 30 June 2025 to 26 October 2025) of the 2026 financial period (the ‘prior period’), as consumer spending remained under pressure in both South Africa and the United Kingdom. The decline in Group retail sales also reflects the translation of Office UK’s sales at a stronger average Rand/Pound exchange rate of R21.92 (prior period: R23.63).

In addition, sales performance was affected by lower levels of promotional activity when compared to the prior period in both businesses. This contributed to Truworths Africa maintaining Rand gross profit in line with the prior period and Office UK increasing Sterling gross profit by approximately 2%.

The Group’s balance sheet remains strong and cash generation continues to be resilient.

Retail sales performance by business segment was as follows:

Retail sales Change on

current period prior period (%)

Group R6.5bn -4.3

Truworths Africa R4.1bn -2.7

Office UK £106.8m 0.3

Group account sales were broadly unchanged and represented 46% of Group retail sales (prior period: 44%). Group cash sales decreased by 7.5%.

Truworths Africa Truworths Africa’s retail sales decreased by 2.7% to R4.1 billion. Account sales decreased by 0.2% and represented 73% of the segment’s retail sales (prior period: 71%). Cash sales decreased by 8.6%.

Online sales increased by 16.9% and contributed 10% of the segment’s retail sales (prior period: 8%).

The segment maintained its measured approach to the granting of credit. At the end of the first quarter ended 27 September 2026 (‘FY27-Q1’), gross active trade receivables had grown by 2.2% to R6.2 billion (28 September 2025 (‘FY26-Q1’): R6.1 billion). Overdue balances were unchanged at 16% of gross trade receivables, while 79% of active account holders were able to purchase (FY26-Q1: 80%). The number of active accounts decreased by 0.5%.

Office UK Office UK’s retail sales increased by 0.3% to £106.8 million. In Rand terms, retail sales decreased by 6.9% to R2.3 billion (prior period: R2.5 billion), reflecting the stronger Rand/Pound exchange rate.

Online sales decreased by 6.0% in Sterling, reflecting the lower levels of promotional activity in the current period, and represented 40% of the segment’s retail sales (prior period: 43%).

Outlook The key November and December trading months lie ahead. The Group’s sales performance and results for the 26 weeks ending 27 December 2026 will depend significantly on trading levels over this period.

Shareholders are advised that this business update does not constitute an earnings forecast, that the financial information provided herein is the responsibility of the directors, and that such information has neither been reviewed nor reported on by the Group’s external auditors. The Group’s interim results for the 26-week period ending 27 December 2026 are scheduled to be released on or about Thursday, 25 February 2027.

Cape Town 5 November 2026

JSE Sponsor: One Capital NSX Sponsor: Merchantec Capital Date: 05/11/2026 09:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,

indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. =====================

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.