Reported Earnings • Mar 31
First half 2026 earnings released: EPS: R0.15 (vs R0.32 in 1H 2025) First half 2026 results: EPS: R0.15 (down from R0.32 in 1H 2025). Revenue: R1.01b (down 2.8% from 1H 2025). Net income: R70.3m (down 53% from 1H 2025). Profit margin: 7.0% (down from 14% in 1H 2025). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 13
York Timber Holdings Limited to Report First Half, 2026 Results on Mar 31, 2026 York Timber Holdings Limited announced that they will report first half, 2026 results on Mar 31, 2026 New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (R1.11b market cap, or US$69.6m). Buy Or Sell Opportunity • Feb 12
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at R2.20. The fair value is estimated to be R2.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 19%. Buy Or Sell Opportunity • Jan 13
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to R2.00. The fair value is estimated to be R2.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 19%. Buy Or Sell Opportunity • Nov 17
Now 20% undervalued Over the last 90 days, the stock has risen 5.4% to R2.16. The fair value is estimated to be R2.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 19%. Announcement • Oct 07
York Timber Holdings Limited, Annual General Meeting, Nov 04, 2025 York Timber Holdings Limited, Annual General Meeting, Nov 04, 2025. Location: auditorium at glencore, south 32 building, 39 melrose boulevard, melrose arch, sandton South Africa New Risk • Oct 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 3,900% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (R1.02b market cap, or US$59.3m). Reported Earnings • Sep 30
Full year 2025 earnings released: EPS: R0.68 (vs R0.29 in FY 2024) Full year 2025 results: EPS: R0.68 (up from R0.29 in FY 2024). Revenue: R1.99b (up 14% from FY 2024). Net income: R316.5m (up 133% from FY 2024). Profit margin: 16% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Sep 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (R978.5m market cap, or US$56.1m). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to R2.49, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 8x in the Forestry industry in Africa. Total returns to shareholders of 6.0% over the past three years. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Non-Executive Director Alton Solomons was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R2.09, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 5x in the Forestry industry in Africa. Total loss to shareholders of 25% over the past three years. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (R997.1m market cap, or US$50.5m). Reported Earnings • Apr 05
First half 2025 earnings released: EPS: R0.16 (vs R0.056 in 1H 2024) First half 2025 results: EPS: R0.16 (up from R0.056 in 1H 2024). Revenue: R1.04b (up 18% from 1H 2024). Net income: R73.6m (up 182% from 1H 2024). Profit margin: 7.1% (up from 3.0% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (R973.9m market cap, or US$53.6m). Announcement • Mar 14
York Timber Holdings Limited Provides Earnings Guidance for the Six Months Ended 31 December 2024 York Timber Holdings Limited provided earnings guidance for the six months ended 31 December 2024. York shareholders ("Shareholders") are advised that, for the Current Period, the Company expects to report: an increase in earnings per share ("EPS") to between 15.75 cents and 16.03 cents, compared to EPS of 5.64 cents reported for the 6 months ended 31 December 2023 ("Previous Comparative Period"). Core EPS (based on EPS attributable to ordinary shareholders less the fair value adjustment to the biological assets, net of tax) is expected to improve from a loss per share of 10.06 cents to a loss per share of between 0.07 cents and 0.12 cents, compared to the Previous Comparative Period. New Risk • Oct 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 391% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (R1.09b market cap, or US$62.0m). Announcement • Oct 03
York Timber Holdings Limited, Annual General Meeting, Nov 05, 2024 York Timber Holdings Limited, Annual General Meeting, Nov 05, 2024. Location: glencore, south 32 building, 39 melrose boulevard, melrose arch, sandton, Israel New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (R1.09b market cap, or US$59.1m). Announcement • Mar 16
York Timber Holdings Limited to Report First Half, 2024 Results on Mar 28, 2024 York Timber Holdings Limited announced that they will report first half, 2024 results on Mar 28, 2024 New Risk • Feb 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (R774.5m market cap, or US$41.0m). Announcement • Oct 26
York Timber Holdings Limited, Annual General Meeting, Nov 23, 2023 York Timber Holdings Limited, Annual General Meeting, Nov 23, 2023, at 09:00 South Africa Standard Time. Location: Glencore, South 32 Building, 39 Melrose Boulevard, Melrose Arch Sandton South Africa Announcement • Oct 19
Standard Bank Group Limited (JSE:SBK) acquired a 9.73% stake in York Timber Holdings Limited (JSE:YRK). Standard Bank Group Limited (JSE:SBK) acquired a 9.73% stake in York Timber Holdings Limited (JSE:YRK) on October 17, 2023. Standard Bank Group Limited (JSE:SBK) completed the acquisition of a 9.73% stake in York Timber Holdings Limited (JSE:YRK) on October 17, 2023. Board Change • Oct 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Alton Solomons was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2023 earnings released: R0.77 loss per share (vs R0.091 profit in FY 2022) Full year 2023 results: R0.77 loss per share (down from R0.091 profit in FY 2022). Revenue: R1.67b (down 9.4% from FY 2022). Net loss: R312.9m (down R342.0m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 17
York Timber Holdings Limited Provides Earnings Guidance for the Year Ended 30 June 2023 York Timber Holdings Limited provided earnings guidance for the year ended 30 June 2023. The expects to report a loss per share and headline loss per share in terms of which both earnings per share and headline earnings per share, are expected to decrease by at least 90 cents from 26.00 cents for the year ended 30 June 2022, respectively. Announcement • Sep 16
York Timber Holdings Limited to Report Fiscal Year 2023 Results on Sep 29, 2023 York Timber Holdings Limited announced that they will report fiscal year 2023 results on Sep 29, 2023 Reported Earnings • Mar 31
First half 2023 earnings released: EPS: R0.12 (vs R0.18 in 1H 2022) First half 2023 results: EPS: R0.12 (down from R0.18 in 1H 2022). Revenue: R901.8m (down 2.9% from 1H 2022). Net income: R41.0m (down 31% from 1H 2022). Profit margin: 4.5% (down from 6.4% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
York Timber Holdings Limited Appoints Schalk Barnard as CFO, Effective 1 May 2023 York Timber Holdings Limited announced that Mr. Schalk Barnard had been appointed as chief financial officer of York, effective within six months from the date of the Announcement. The effective date of Mr. Barnard's appointment as CFO is confirmed to be 1 May 2023. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 16% share price gain to R2.35, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 10x in the Forestry industry globally. Total returns to shareholders of 78% over the past three years. Announcement • Oct 08
York Timber Holdings Limited, Annual General Meeting, Nov 09, 2022 York Timber Holdings Limited, Annual General Meeting, Nov 09, 2022, at 08:00 Coordinated Universal Time. Location: JSE Limited, One Exchange Sandown United Kingdom Reported Earnings • Sep 24
Full year 2022 earnings released: EPS: R0.091 (vs R0.44 in FY 2021) Full year 2022 results: EPS: R0.091 (down from R0.44 in FY 2021). Revenue: R1.84b (flat on FY 2021). Net income: R29.1m (down 79% from FY 2021). Profit margin: 1.6% (down from 7.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 22% share price gain to R2.98, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 10x in the Forestry industry globally. Total returns to shareholders of 75% over the past three years. Announcement • Jul 20
York Timber Holdings Limited Appoints Alton Solomons and Adrian Zetler as Non-Executive Directors York Timber Holdings Limited board of directors (board) wishes to advise York shareholders that Mr. Alton Solomons and Mr. Adrian Zetler have been appointed to the board as non-executive directors, with effect from 15 July 2022. Mr. Solomons is a qualified chartered accountant (South Africa) and CFA charterholder, with a B.Acc from the university of Stellenbosch. Mr. Solomons has served on numerous boards and other governing structures both in the listed and private space, across various industries. Mr. Solomons served as chief executive officer of Sanlam Private Equity from January 2012 until January 2019 and is currently head of growth catalyst and listed equities at the industrial development corporation of South Africa. Mr. Zetler is a qualified chartered accountant (south Africa) and CFA Charterholder. Mr. Zetler started his career at PricewaterhouseCoopers Incorporated where he first completed his articles and then spent 2 years as a valuation specialist in their UK corporate finance team. Mr. Zetler is currently a partner at A2 Invesment Partners Proprietary Limited. Prior to this, Zetler served as an analyst and portfolio manager at coronation fund managers for 12 years, where he co-managed coronation's houseview strategies and the coronation industrial fund. Announcement • Jul 08
York Timber Holdings Limited Announces Resignation of Han-Hsiu (Sue) Hsieh as Company Secretary, Effective on July 29, 2022 York Timber Holdings Limited announced that Ms Han-hsiu (Sue) Hsieh has resigned as company secretary of York, with effect from 29 July 2022, to pursue other opportunities. The Company will begin the process of identifying and appointing a suitable replacement and Shareholders will be advised of the appointment of a new company secretary in due course. Announcement • Jun 24
York Timber Holdings Limited Appoints Nonzukiso (Zukie) Siyotula as Independent Non-Executive Director and as Chairperson York Timber Holdings Limited announced that Ms Nonzukiso (Zukie) Siyotula has been appointed as an independent non-executive director and as chairperson of the Board, with effect from 21 June 2022. Ms Siyotula holds a Bachelor of Accounting Science from the University of Witswatersrand, a Masters in Business Administration from the Gordon Institute of Business Science and is a qualified Chartered Accountant (South Africa). Her diverse professional experience ranges from general management, finance, corporate governance, strategy, restructuring, business development, through to sales and distribution. Ms Siyotula currently serves as a non-executive director onvarious boards in the listed, unlisted, and public sectors, namely The Bidvest Group Limited, Salungano Group Limited (formerly Wescoal Holdings Limited), Toyota Financial Services (South Africa) Limited, African Bank Limited, Ogilvy & Mather and Conduit Capital Limited. Reported Earnings • Mar 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down R39.9m from profit in 1H 2021). Profit margin: (down from 4.5% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • Mar 29
High number of new directors Independent Non-Executive Director Lindani Dhlamini was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R3.01, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Forestry industry globally. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 16% share price gain to R4.10, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 13x in the Forestry industry globally. Total returns to shareholders of 91% over the past three years. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lindani Dhlamini was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 03
Full year 2021 earnings released: EPS R0.44 (vs R0.68 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R1.85b (up 29% from FY 2020). Net income: R139.6m (up R357.3m from FY 2020). Profit margin: 7.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lindani Dhlamini was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 04
First half 2021 earnings released: EPS R0.13 (vs R0.19 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R888.9m (up 2.4% from 1H 2020). Net income: R39.9m (up R99.1m from 1H 2020). Profit margin: 4.5% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Announcement • Mar 19
York Timber Holdings Limited Reports Earnings Guidance for the Six Months Ended December 31, 2020 York Timber Holdings Limited reported that earnings/(losses) per share are expected to increase from (19) cents to between 12.21 cents and 13.54 cents and headline earnings/(losses) per share are expected to increase from (20) cents to be between 12.26 cents and 13.66 cents for the six month period ended 31 December 2020. Core earnings/(losses) per share (based on EPS attributable to ordinary shareholders less the fair value adjustment to the biological assets, net of tax) are expected to increase from (2) cents to between 22.61 cents and 23.03 cents. Earnings before interest, taxation, depreciation, amortisation and fair value adjustments are expected to be between ZAR 171.68 million and ZAR 175.38 million higher than that reported in the previous comparative period of ZAR 74 million (being an increase of between 132% and 137%). Is New 90 Day High Low • Feb 24
New 90-day high: R2.20 The company is up 72% from its price of R1.28 on 26 November 2020. The South African market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 22% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: R2.04 The company is up 70% from its price of R1.20 on 06 November 2020. The South African market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: R1.65 The company is up 79% from its price of R0.92 on 23 September 2020. The South African market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: R1.55 The company is up 68% from its price of R0.92 on 04 September 2020. The South African market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 49% over the same period. Is New 90 Day High Low • Oct 17
New 90-day high: R1.20 The company is up 26% from its price of R0.95 on 17 July 2020. The South African market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 7.0% over the same period. Reported Earnings • Oct 02
Full year earnings released - R0.69 loss per share Over the last 12 months the company has reported total losses of R217.6m, with losses widening by R181.4m from the prior year. Total revenue was R1.44b over the last 12 months, down 10% from the prior year. Is New 90 Day High Low • Sep 29
New 90-day low: R0.85 The company is down 1.0% from its price of R0.86 on 01 July 2020. The South African market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 13% over the same period. Announcement • Sep 12
York Timber Holdings Limited to Report Fiscal Year 2020 Results on Sep 28, 2020 York Timber Holdings Limited announced that they will report fiscal year 2020 results on Sep 28, 2020 
