SENS-AI
CKS Trading Statement Bearish

CROOKES BROTHERS LIMITED - Updated Trading Statement for the Year Ended 31 March 2026

Crookes Brothers Limited
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What this filing means

Crookes Brothers has significantly worsened its trading statement just days before the final results are due, swinging to a headline loss of 167.2c per share from prior-year earnings of 425.1c. The revision is triggered by Mozambique deferred tax changes layered atop a deteriorating operational picture — sugar price pressure, delayed land sales, and a R258.8m macadamia impairment the company itself calls commercially unsustainable. The share had already declined 16% YTD and sits near its 52-wee…

Bull case

  • Headline loss of 167.2c is dramatically smaller than the basic loss of 1,869.4c, indicating the bulk of the deterioration is non-operational in nature.
  • The R258.8m macadamia impairment is a one-off capital write-down of a segment deemed commercially unsustainable, removing a persistent drag on group earnings.

Bear case

  • Headline loss per share of 167.2c reverses prior-year HEPS of 425.1c, confirming the deterioration is not solely the R258.8m non-cash impairment but a broad operational shortfall across the group.
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Category
Trading Statement
Event posture
Bearish Continuation
Published
Jun 24, 2026

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