Hulamin (HLM) H1 2026 TU earnings summary

Executive summary

• Returned to profitability in H1 2026 after operational challenges in H2 2025, driven by remedial actions and cost savings.

• Normalised financial performance for H1 2026 expected to be below H1 2025 due to a stronger R/$ exchange rate and lower volumes.

Financial highlights

• Earnings per share for H1 2026 expected at 75 to 77 cents, a significant increase from a loss of 8 cents in H1 2025 (>100% improvement).

• Earnings per share from continuing operations expected at 79 to 81 cents, up from 14 cents in H1 2025 (>100% improvement).

• Headline earnings per share for H1 2026 expected at 74 to 76 cents, up from 15 cents in H1 2025 (>100% improvement).

• Headline earnings per share from continuing operations expected at 78 to 80 cents, up from 14 cents in H1 2025 (>100% improvement).

• Normalised headline earnings per share from continuing operations expected at 9 to 11 cents, a decrease of 58% to 65% from 26 cents in H1 2025.

Outlook and guidance

• Full interim results will be published on or about 3 August 2026.