EnX, the industrial and services company, issued a trading statement warning of sharply lower earnings for the year ended 31 August 2025. Group HEPS is expected to fall between -78% and -87% to between 40c and 66c (2024: 298c), mainly due to the disposal of its Lubricants and Chemical segments and weak performance in the Power division. Revenue from continuing operations is expected to drop 32% amid reduced loadshedding and delayed data-centre projects. The company also recognised impairments of R165 m and R71 m related to discontinued businesses.
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