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Barloworld revenue drops 10%, takeover phase gets into gear
The Mercury
|September 26, 2025
BARLOWORLD said revenue from its heavy equipment and starch and glucose sales fell by 10% to R33.6 billion in the 11 months to August 31.
The group, which is scheduled to delist from the JSE following a takeover by a consortium comprising Saudi Arabia-based Zahid Group, Barloworld CEO Dominic Sewela and staff, said in an operational update yesterday that earnings before interest, tax, depreciation, and amortisation (EBITDA) is expected to decline by 9% to R3.8 billion over the period.
The share price increased by 1.7% to R119.51 on the JSE Thursday morning, well up from R85.05 a year before. The takeover offer per share is R120 in cash, with a total value unlock of R123.10 per share when considering a R3.10 declared dividend. The extended takeover long-stop date is December 11, 2025, pending some regulatory approvals.
Cette histoire est tirée de l'édition September 26, 2025 de The Mercury.
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