Brikor is a building material manufacturer, notably bricks, and coal company.
Brikor, the Gauteng-based manufacturer and supplier of building, construction, and mining materials, said its directors have proposed a scheme of arrangement to buy all of the shares in the company, after which the company will be delisted.
Brikor’s shares jumped 7.14% to 15 cents per share on Wednesday afternoon. A year before, the share traded at 14 cents.
In August 2024, a proposed scheme of arrangement was deferred until the issues relating to the Brikor Share Incentive Scheme Trust were resolved. Shareholders had since approved the repurchase of the shares from the Trust during 2025, and these shares have been cancelled, the company said in a statement Wednesday.
In the six months to August 31, 2025, the company’s revenue fell to R169.9m from R224.5m at the same time a year before. The loss before earnings from its associate came to R15.3m versus a profit before earnings from associate of R5.6 million at the same time a year before. The group reported a loss for the period of R14.2m.
