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JOHANNESBURG - South African chemicals company AECI Limited (JSE:AFE) announced Wednesday it expects to report significant earnings growth for the half year ended June 30, 2025, with headline earnings per share projected to increase between 129% and 136% compared to the same period last year.
According to a trading statement released by the company, AECI anticipates headline earnings per share (HEPS) to be between 595 cents and 613 cents, up from 260 cents in the first half of 2024.
Basic earnings per share are expected to increase between 23% and 29%, reaching between 287 cents and 301 cents. For continuing operations, basic earnings per share are projected to grow between 66% and 74%.
The company’s EBITDA from continuing operations is expected to rise approximately 24%, driven primarily by a 14% increase from AECI Mining due to improved margins in its international business, despite operational challenges at its Modderfontein facility related to power interruptions.
However, AECI Chemicals is expected to report an approximately 32% decrease in EBITDA, attributed to recognition of expected credit losses of around R113 million and challenging trading conditions.
The company noted that profit from continuing operations is expected to decrease by approximately 6%, mainly due to impairment charges of around R320 million related to portfolio optimization, including the classification of its Food & Beverage Business as held for sale.
AECI previously announced on July 17 that it had entered into an agreement to sell its Food & Beverage Business, with the transaction expected to be finalized in the second half of 2025.
The company plans to release its unaudited condensed consolidated interim results on or around July 30, 2025. The financial information in the trading statement has not been reviewed or audited by the company’s external auditor.
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