Results for the six months ended
31 March 2026

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Nampak results presentation
for the half-year ended 31 March 2026

Riaan Heyl (Chief Executive Officer) and
Glenn Fullerton (Chief Financial Officer) discuss
the half-year financial results and progress
on strategic initiatives and business activities.

Nampak strategy

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Performance overview for the six months ended 31 March 2026

Revenue
R5.6bn down 1%
(1H25: R5.7bn)

Normalised EBITDA
R816m down 6%
(1H25: R865m)

Net finance costs
R189m down 33%
(1H25: R282m)

Normalised headline earnings
R346m up 9%
(1H25: R317m)

Net debt (excl. Angola)
R2.2bn down 30%
(1H25: R3.1bn)

Net gearing excl. capitalised
finance leases 69%
down from 149%