JSE-listed Blu Label Unlimited Group on Friday reported that it expects a significant decline in earnings for the year ended May 31, 2026.
In a trading update to shareholders, the company warned that earnings per share (EPS) for the year under review is expected to plunge more than 100% to a loss of between 536.96 c and 542.5 c, compared with EPS of 276.52 c in the prior year.
Headline earnings per share (HEPS) are expected to decrease between 81% and 83% to a range of 79.02 c to 88.14 c, compared with HEPS of 455.96 c in 2025.
Core HEPS is expected to decrease from 461.63 c in 2025 to between 83.58 c and 92.82 c in 2026, a decrease of between 80% and 82%.
“The group's reported results for both the reporting period and the comparative period were materially impacted by the Cell C restructuring transactions, the outcome of the listing of Cell C and the resulting accounting consequences under IFRS Accounting Standards. These factors resulted in a material decline in reported EPS, HEPS and Core HEPS for the reporting period,” Blu Label Unlimited noted.
