Angelo Swartz Group CEO & Executive Director

Good day, and thank you for joining us as we present SPAR’s annual results for the financial year ended September 2025. This year was defined by deliberate focus. We concentrated on strengthening our core, simplifying our portfolio and building the foundations for future growth.

We made tough decisions, navigated uncertainty and most importantly, we remain committed to our independent retailers, who, through the resilience, grow our brands in the communities they serve. I’ll start with a brief overview of the year and our strategic progress. Megan and I will then take you through the operational performance across SPAR, Build it in SPAR Health, followed by the Reeza with a financial review.

I’ll return towards the end to discuss our strategy, our outlook and the road map we’re executing against. This financial year required disciplined execution. We were operating in the context of shifting consumer behavior, margin pressure and the aftermath of legacy issues. We responded by focusing relentlessly on what we know best, distribution excellence, retailer enablement and local partnerships. You will see that the performance is modest, but the direction of travel is unmistakably positive.

We serve more than 2,000 entrepreneurs across Southern Africa, Ireland and Sri Lanka. We are not a chain. We serve a network of independent entrepreneurs tied to their communities. And our role as a group is to empower them to succeed. The value of our independent retailers is that they can adapt faster, they’re localize and they predict their customers. Our portfolio is balanced across premium value and emerging retail channels.