69 INTEGRATED ANNUAL REPORT 2026 HIGHLIGHTS NCT FORESTRY AGRICULTURAL CO-OPERATIVE LIMITED and its SUBSIDIARIES FINANCIAL REPORT for the year ended 28 February 2026 GROUP FARMS – Turnover R’000 2026 2025 362 962 236 118 TONNES PURCHASED 2026 2025 Acacia 1 002 821 709 956 41% Eucalyptus 600 316 495 968 48% Eucalyptus Smithii 282 005 25 792 993% Pinus 163 216 25% Biomass 24 069 105 880 77% Other timber 82 892 94 830 13% TONNES 2026 2025 1 992 266 Purchased 1 342 642 2 036 791 Sold 1 120 482 MEMBERS’ BONUS R’000 2026 2025 nil nil MILLS 35 vessels / 6 customers / 2 countries Exchange rate achieved R17.64 : 1 USD R2.9 billion turnover Lower exchange rate achieved for the year offset by an 82% increase in volumes as operations returned to normal levels. A weaker exchange rate early in the year, final insurance proceeds and operating costs matched against normalised volumes reduced by unfavourable plantation valuation adjustments. NCT OWNED / LEASED FARMS Turnover R’000 2026 2025 296 501 147 993 Farm profits (losses) before revaluations and tax R’000 2026 2025 47 022 (19 739) Plantation revaluation R’000 2026 2025 (85 670) (71 815) Mill delivered prices held while exchange rate strengthened Break-even operating result enhanced by insurance and group dividends GROUP Turnover R’000 2026 2025 3 366 159 1 865 539 Net (loss) profit before tax R’000 2026 2025 (43 730) 180 598 CO-OPERATIVE Turnover R’000 2026 2025 3 364 021 1 864 217 Net profit before tax R’000 2026 2025 37 516 140 360
RkJQdWJsaXNoZXIy MjgyNjA0