AFARAK GROUP PLC

FINANCIAL STATEMENTS RELEASE 2020

13:30 London, 15:30 Helsinki, 26 February 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC: FINANCIAL STATEMENTS RELEASE 2020

Afarak Group has restated its figures for H1 2020 and 2019 due to the loss of control and the end of the consolidation of Afarak Mogale (Pty) Ltd. Afarak Group reclassified Afarak Mogale (Pty) Ltd’s previously reported income statement figures as discontinued operations. There is no change to the previously reported balance sheet figures.

		H2/20	H2/19 Restated	FY2020	FY2019 Restated
Revenue	EUR million	24.3	42.6	59.8	97.9
EBITDA	EUR million	-3.7	-4.9	-4.1	-5.4
EBIT	EUR million	-13.0	-6.9	-14.7	-9.1
Earnings before taxes	EUR million	-14.9	-10.1	-19.0	-5.8
Profit from continuing operations	EUR million	-13.3	-9.6	-17.9	-6.1
Profit from discontinued operations	EUR million	17.6	-20.1	6.1	-52.8
Profit for the period	EUR million	4.4	-29.7	-11.8	-58.9
Earnings per share	EUR	0.02	-0.12	-0.05	-0.23
EBITDA margin	%	-15.2	-11.6	-6.8	-5.5
EBIT margin	%	-53.7	-16.1	-24.7	-9.2
Earnings margin	%	-61.5	-23.8	-31.8	-5.9
Personnel (end of period)		621	905	621	905

SECOND HALF 2020 HIGHLIGHTS