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Aspen is in a closed period from 1st January 2026 until the publication of the interim results on the JSE SENS platform on the 3rd March 2026.

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Acquisition of rights to an anti-coagulant product from Novartis

Aspen is pleased to announce that Aspen Global Incorporated (“AGI”), a wholly owned subsidiary of Aspen Holdings, has entered into an agreement with Novartis AG in terms of which it will acquire the rights to Mono-Embolex®, an injectable anti-coagulant, for a consideration of US$142.3 million. Mono-Embolex is a heparin based anti-coagulant sold in the same therapeutic category as Aspen’s Arixtra and Fraxiparine. This product is, however, the only low molecular weight heparin that offers patients weight-independent dosing, thereby combining ease of administration with the proven efficacy in prophylaxis and therapy of deep vein thrombosis. The product presents an excellent strategic fit with the Group’s recent acquisitions in this therapeutic area and will be positioned as a simple-to-use once daily prophylaxis treatment supporting Aspen’s other current anti-coagulant offerings. As the product is only commercialized in Germany, Switzerland and Austria it presents Aspen with an opportunity to launch it in other countries. The product recorded revenue of EUR68 million in 2013. The transaction is subject to the approval of the German competition authorities.

2014 Anti-retroviral tender results

Following the announcement of the Anti-Retroviral (ARV) Tender results by the South African National Treasury Department, Aspen Pharmacare Holdings Limited is pleased to announce that its South African operating company (Pharmacare Limited t/a Aspen Pharmacare) has been successful in winning a number of key products in the tender Aspen’s award included 25% of the Fixed Dose Combination (FDC) containing Tenofovir, Emtracitibine and Efavirenz, which will be used to treat upwards of 80% of 1st line adult treatment, in spite of strong competition. The tender is effective for a period of three years, commencing 1 April 2015. Aspen secured R2,7 billion or approximately 20% of the awarded tender value based upon expected future demand as published in the invitation to tender. The tender value is estimated to be approximately R14 billion over 3 years. The South African ARV Tender is the largest of its kind in the world. Aspen has been a leading supplier to this tender since inception of the programme, providing a consistent and reliable supply of high-quality ARV products to the State. Aspen was awarded a share of the following products: These tender results again confirm Aspen’s reputation for cost competitiveness against both local and foreign suppliers. Aspen’s range of ARV’s are produced at its world-class manufacturing facilities in Port Elizabeth, South Africa. This has resulted in unlocking capacity to accommodate growing demand from Aspen’s domestic and foreign territories and also contributed towards further optimizing manufacturing efficiencies. Durban 24 December 2014 Sponsor Investec Bank Limited

Aspen’s world class PE site manufactures and exports pharmaceutical products for global markets

Port Elizabeth. The Minister of Trade and Industry, Dr Rob Davies today visited the Aspen Pharmacare manufacturing site in Port Elizabeth, Eastern Cape. The purpose of the visit was to engage on the future direction and orientation of the Pharmaceutical Industry in South Africa. The visit was also for Minister Davies to see first-hand the world class manufacturing facilities and capacity that exist at Aspen’s flagship manufacturing site, which has both domestic and export orientation. The Industrial Policy Action Plan (IPAP) has prioritized the pharmaceutical sector as a lever that is key to South Africa’s growth and development objectives. Minister Davies’ visit to Aspen’s site further strengthened collaboration between the private and public sector, synonymous with the objectives of IPAP. Minister Davies said visiting Aspen’s facilities is a demonstrable example that industrial policy works in our country. “The Aspen management team needs to be commended for what they’ve achieved in Port Elizabeth. Although much has been attained, through collaboration with the dti even greater industrial capacity can be unlocked between Aspen and the dti, as we work closely together to optimise the various departmental industrial instruments available. Our joint aim is to achieve further domestic investment; a focused export support and orientation; and further job creation. This will help dent the stubborn trade deficit that continues to drag down the SA pharmaceutical industry. Pharmaceuticals, together with medical devices and medical diagnostics, are the 5th largest contributor to the current account deficit that is so costly to our country.” He said government’s policy on Intellectual Property (IP) seeks to strike a balance between the needs of public health and the interests of innovative pharmaceutical companies. “The aim of the Intellectual Property (IP) relating to health provisions is to bring South Africa’s laws in line with international agreements, including the World Trade Organisation’s Trade Related Aspects of Intellectual Property Rights (TRIPS), which has legal flexibility measures that effectively allow countries to have policy space access to public health and education. Generic medicine that comes from innovative medicine will also be allowed. Our Industrial Policy Action Plan requires that pharmaceutical companies will be incentivised if they invest in the country like motor manufacturing,” adds Minister Davies Aspen Group Chief Executive, Stephen Saad said they appreciate Minister Davies’ visit as it allowed him to experience Aspen’s extensive, world class pharmaceutical capability and life sciences resources. “Billions of rands has been invested in capex enhancements at the Port Elizabeth facilities by Aspen over the years, substantially more than the combined investment from the rest of the South African pharmaceutical industry. Aspen has shown that globally competitive manufacture is possible in South Africa if your strategy is sound and you are prepared to invest in technology and skills.” “Aspen’s Port Elizabeth facilities remain key to our worldwide business and is the location of our most important production capabilities. Aspen values its relationship with the dti and welcomes working alongside it in order to further unlock investment, market access and export opportunities in SA and across broader geographies.” The combined manufacturing capacity of Aspen’s Port Elizabeth site exceeds 12 billion oral solid dosage forms annually. This site also produces Murine eye drops, the second largest eye drop brand in the United States (US). The entire US eye drop demand for the Murine and Clear Eyes brands is manufactured at Aspen’s Port Elizabeth site, further endorsing Aspen’s sterile production capabilities, with over 25 million units of eye drops being exported annually to the US. Since the acquisition of the South African Druggists pharmaceutical manufacturing facilities in 1999, Aspen has been a significant and consistent investor in its Port Elizabeth and at various other manufacturing operations in the country. The PE site consists of four facilities, together comprising capabilities in oral solid, liquid, steriles and niche high potency pharmaceutical products. This includes complex and specialized manufacturing capabilities such as freeze dried lyophilisation. In line with Aspen’s ambitious offshore growth strategy, its PE facilities carry a number of important local and international Pharmaceutical Regulatory and Quality standard accreditations, covering all key global markets, including South Africa’s MCC, the US FDA, the UK’s MHRA, Europe’s EMEA, Brazil’s ANVISA, Australia’s TGA, the WHO and others. These accreditations are essential for entry into these offshore markets and reinforce the confidence that the MCC and other highly stringent regulatory agencies place in Aspen’s scientific and manufacturing capabilities and its personnel. Issued jointly by Aspen and the Department of Trade and Industry

Aspen acquires a stake in an IMF production facility in New Zealand

Aspen Holdings is pleased to announce that it has concluded a transaction to acquire a 50% shareholding in New Zealand New Milk Limited (“NZNM”), a producer of infant milk formula in Auckland, New Zealand. In terms of a supply agreement concluded between Aspen Global Incorporated and NZNM, long-term supply of infant milk formula for distribution by Aspen in Australia will be secured. NZNM is one of a limited number of companies which holds the required endorsements from the Chinese regulatory authorities to produce infant milk formula for this key territory and the investment in NZNM represents another step towards Aspen’s aspirations to enter the Chinese infant milk formula sector, valued at approximately US$15 billion. Durban 31 October 2014 Sponsor: Investec Bank Limited

Stephen Saad’s Aspen: From JSE newcomer to R150bn valuation in 16 years

In 1998, Stephen Saad and Gus Attridge took their ambitions public through the reverse takeover by their year-old business into JSE-listed Medhold. A year later they pulled off a R2.4bn hostile takeover of the well resourced but poorly managed SA Druggists. And the rest is history. Now a multinational corporation, last week Aspen delivered another sparkling set of financial results for the year to end June. And was rewarded by investors who pushed the shares to R330 which capitalizes the business at R150bn, the 14th most valuable JSE-listed company. I got to sit down with Stephen Saad last week. – AH GUGULETHU MFUPHI: Aspen’s full-year revenue surge by 53 percent to over R29bn. Headline earnings per share were also up by 29 percent. More than three-quarters of the company’s business comes from out of South Africa. Earlier on, CNBC Africa’s Alec Hogg spoke to Aspen Chief Executive, Stephen Saad and highlighted the fact that many South African-based companies are listing in London. Alec asked him whether they are interested in doing the same……STEPHEN SAAD: We have considered it, but we’re not interested. I think we’re very fortunate in that… One of the reasons for listing is obviously access to capital and we’re very profitable offshore, so we don’t need it. Managing one regulator is enough for us. ALEC HOGG: As far as the South African operations are concerned, when you look at it in isolation, there’s very slow growth, kind of sluggish year, but shooting the lights out overseas. STEPHEN SAAD: Yes, the South African market’s really tough. We’ve seen the other listed companies’ results. It’s a really tough market and if you look at our business, we did really well in the private sector, so our private pharmaceutical business was up nine percent. Our consumer business was up 12 percent. Where we really came short was in the Government business. We’re down 30 percent, particularly the ARB business. ALEC HOGG: Explain that. STEPHEN SAAD: The tender business… ALEC HOGG: Thirty percent. STEPHEN SAAD: It’s very hard to explain. The balance of our tender business was down. It’s very hard to explain when you would expect more utilisation. What we have found (and it’s improving again now) is that not all the depots are compliant with what they should be doing on the tenders. It’s quite difficult to work out exactly what went on, but it’s expensive for a factory that’s expecting some several million packs and you get 200,000/300,000. You lose 700,000 packs out of your factory, multiplied by your overhead recoveries and it does weigh very heavily on your profitability, so it’s been very bad from that perspective. ALEC HOGG: But fortunately, you took globalised approach pretty early on at Aspen, and the size of the deals that you’re now concluding in the global markets are quite extraordinary. Just looking through the numbers again: in the past year, the £500m deal. That must have been beyond your wildest dreams when you first brought Aspen to the market. STEPHEN SAAD: Of course, when we first brought Aspen to the market, I think I got my shares at 53 cents, so I was thinking about how to get it to 63 cents. ALEC HOGG: And now, it’s at R330. STEPHEN SAAD: It’s at R330. Wow, so it’s going up while we speak. Of course, it wasn’t something that we had in mind at that stage, but where we sit now we have a really good platform. When I look at what we’ve done over this period… You say ‘okay, where are we, given all these transactions that we’ve done’ and you say ‘we’re really a diversified business. We’ve crossed many geographies’. Alec, I’d venture to say I’m not sure if there is a company in South Africa that’s more global than we are. We have more than 60/70 offices (maybe more) across the globe, all with Aspen representation. We have a broad base, a broad geography, a broad range of turnovers, and a broad product range now in the deals we’ve done. We have things like biologicals. We’ve gone into hormones, peptides, and into milk formulas – so a broad product portfolio and a broader manufacturing base. We’ve always been great manufacturers, but now we have all the extra chemical businesses with all those technologies, which is the most important. We picked up 400 reps who were experts in anticoagulants (blood-thinning injectables) across Europe and Russia, so we were able to integrate all those people into our business, together with the manufacturing people.  It’s really, an exciting position now with a good base to build off. ALEC HOGG: But how do you do that? How do you build from a small base from Durban (and it’s only been a couple of decades) this incredible, global footprint? As you say, ‘we picked up 400 reps in Europe’. Wow. STEPHEN SAAD: Look, people say ‘you’ve done so many good deals’. Nothing in pharmaceuticals is a good deal. Everything is incredibly expensive and you’ll soon run out of money. You’ll see Aspen never issues equity, really. For every one of these deals that we’ve done, we’ve actually done it through debt financing, which means we really have to drive synergies. What we’ve been outstanding at (if I may say), is execution. We’re able to get in there, we execute, and then we have a philosophy in Aspen. It’s really, a ‘can do’ attitude. You go in and you do it. ALEC HOGG: But how do you know that you can improve that business? STEPHEN SAAD: Well, when we did these two transactions (the latest ones), the product business battle was that it didn’t have the right margins. It didn’t have the right margins because the chemical/biological they were buying was expensive. We then went into the biological business and looked at where that expense lay and really, we fixed it in a couple of years. What you’re actually procuring is the mucosa in the stomach linings of pigs. Since it’s mucus in the… Continue reading Stephen Saad’s Aspen: From JSE newcomer to R150bn valuation in 16 years

Aspen’s revenue soars by 53% to R29.5 billion

Johannesburg – JSE Limited listed Aspen Pharmacare Holdings Limited (APN), the fifth largest generic company in the world and Africa’s largest pharmaceutical manufacturer, has announced excellent results for the year ended 30 June 2014. GROUP PERFORMANCE Revenue increased by 53% to R29.5 billion. Operating profit rose by 47% to R7.4 billion. Normalised headline earnings, being headline earnings adjusted for specific non-trading items, was up 27% to R4.9 billion. Normalised headline earnings per share advanced 27% to 1064 cents. A capital distribution of 188 cents per ordinary share was declared by way of a capital reduction payable out of contributed tax capital to shareholders. Stephen Saad, Aspen Group Chief Executive said, “The Board is pleased with the Group’s performance, particularly that of the International business which was the most significant growth driver and the largest business segment contributor to revenue and to operating profit.  Accelerated revenue from Latin America bodes well for that region while Asia remains an important growth territory. The South African business continues to retain its position as the leading pharmaceutical company in the private and public sectors of this market, and Sub-Saharan Africa also delivered a pleasing performance.” SIGNIFICANT TRANSACTIONS A number of significant transactions were completed during the financial year and were influential in the performance of the Group.  These transactions have created important new opportunities for Aspen in both product offering and geographic coverage.  The key terms of these transactions are set out below: The acquisition of the active pharmaceutical ingredient (“API”) manufacturing business, primarily in the Netherlands, from MSD for EUR 31 million net of cash acquired, became effective 1 October 2013 and trades as Aspen Oss and Aspen API. The acquisition of a portfolio of 11 branded finished dose form molecules from MSD in a related transaction for USD 600 million, of which USD 67 million is subject to delayed payment terms, became effective on 31 December 2013. The acquisition of the Arixtra and Fraxiparine/Fraxodi thrombolytic brands worldwide (excluding China, India and Pakistan) from GlaxoSmithKline (“GSK”) for GBP 505 million became effective on 31 December 2013. In a connected transaction which became effective on 30 April 2014, a further GBP 194 million was paid to GSK for the acquisition of the specialised sterile production site in France which manufactures these brands and the related inventory. This business trades as Aspen Notre Dame de Bondeville (“Aspen NDB”). The acquisition from Nestlé of certain licence rights to infant nutritional intellectual property, net assets, including a production facility in Mexico, and shares in infant nutritional businesses in several countries in Latin America for a purchase consideration of USD180 million was completed with effect from 28 October 2013. The acquisition from Nestlé of certain rights to intellectual property licenses and net assets of the infant nutritionals business previously conducted by Pfizer in certain southern African territories, including South Africa, was approved by the competition authorities and became effective on 27 January 2014. The purchase consideration for this transaction of USD 43 million was prepaid in the prior financial year. INTERNATIONAL BUSINESS The International business advanced revenue 242% to R12.7 billion and increased operating profit before amortisation, adjusted for specific non-trading items (“EBITA”), 144% to R3.6 billion.  The margin percentage in the International business narrowed as a consequence of lower margin rates in the Aspen Oss business and in the infant nutritional business in Latin America acquired during the year.  The International business gained most from the significant transactions completed during the financial year and contributed 40% of Group gross revenue and 47% of Group EBITA.  Performance was also boosted by organic growth from the pre-existing global brands portfolio. With effect from 1 January 2014 Aspen introduced a specialised sales and marketing team into Europe and the Commonwealth of Independent States (formerly the Soviet Union) (“CIS”) for the first time. Aspen now has a substantial footprint across Europe and the CIS with more than 400 active sales and marketing focused personnel in 18 countries, the majority of whom transferred from GSK in terms of the arrangements under the acquisition of Arixtra and Fraxiparine. Revenue from customers in Europe CIS was over 5 times greater than the prior year at R7.2 billion.  Of this amount, R4.0 billion was derived from sales of finished dose form pharmaceuticals to healthcare providers and the major portion of the balance was from sales of APIs. There was also a strong acceleration of revenue from customers in Latin America where sales climbed 122% to R3.5 billion.  The acquisitions made by the Group accounted for the largest portion of this increase despite some supply issues, supported by good performances in Mexico and Venezuela. In the Rest of the World, sales to customers were up 181% to R1.7 billion influenced by an increased exposure to the US resulting from the acquisitions concluded during the year and by positive progress in the Middle East North Africa territory. Significant activity has been undertaken at the Aspen Oss API manufacturing site and also at the Aspen NDB specialist sterile manufacturing site.  At both of these sites it has been necessary to disentangle the manufacturing operations from the systems of the vendors.  Capital expenditure projects are also ongoing at both these sites.  At Aspen Oss, improvements to the safety profile of the site are receiving urgent attention and at Aspen NDB, additional capacity is being added with the construction of an entirely new production area. On 10 September 2014, Aspen Global Incorporated (“AGI”) entered into an agreement with Mylan Ireland Limited (“Mylan”) in terms of which AGI will dispose of its rights to commercialise the fondaparinux products it recently acquired from GSK (being Arixtra and the authorised generic thereof) in the United States (“US”) to Mylan. AGI will also enter into a supply agreement to supply these fondaparinux products to Mylan on specified terms.  The transaction will complete upon the satisfaction of certain conditions precedent, including regulatory approvals.  Mylan will pay Aspen USD 225 million upon completion of the transaction. An additional USD 75 million will be held in escrow and… Continue reading Aspen’s revenue soars by 53% to R29.5 billion

Honorary Doctor of Commerce Degree conferred on Stephen Saad

[vimeo id=”91664323″ align=”center” aspect_ratio=”16:9″] Port Elizabeth – The Nelson Mandela Metropolitan University (NMMU) today conferred the degree of Doctor of Commerce (honoris causa) on Stephen Saad, Aspen Group Co-Founder and Chief Executive.Chancellor of the NMMU, Santie Botha said, ‘’It is an honour for NMMU to confer this honorary degree on Stephen Saad. His vision and drive in the world of business is inspiring and as NMMU we acknowledge the turn-around he orchestrated in a Port Elizabeth-based company that provides jobs to people in an economically struggling province’’.In his address Stephen Saad said, “I am deeply honoured to receive this recognition from the NMMU. What has made the award even more personally meaningful, is that it has been bestowed on me in the same city that Aspen has chosen as the centre of our global operations. Port Elizabeth is the centre of our universe.” “However, in accepting this honour, I do so on behalf of the entire Aspen team, without whom no award would have been possible. I thank the NMMU for recognising our enterprise, drive and courage, but most importantly, our commitment that we in South Africa need not aspire to mediocrity. We have the capability to be a global player in whichever field we choose. It just requires a vision that recognises the realities and which is then executed with both discipline and focus.”Mr Saad paid special tribute to his wife and four daughters, acknowledging them for partnering him and for having driven balance in his life. He also extended his gratitude to his mother and late father, who instilled a competitive but compassionate value system in their family environment.Stephen, who was inducted into the international Ernst & Young World Entrepreneur of the Year Hall of Fame in 2005 and who was recognized as the 2012 Sunday Times Business Man of the Year, said that if he could share one piece of advice it is this: “Try to do something you enjoy, that you can do with pride and which rewards you beyond financial considerations. From a start-up operation with no revenue, Aspen now has a market capitalisation in excess of R120 billion and will have over 70% of its sales from abroad.”“Aspen’s Port Elizabeth-based manufacturing site is the largest operation of its kind in the Southern hemisphere. It is the backbone and the engine room not only of our global operations, but it is also the source for most of the one in four medicines that Aspen provides to both the South African Public and Private sectors. It provides for the health of the nation, meeting the highest global quality standards but doing so affordably. In Port Elizabeth, the United States Food and Drug Administration tentatively approved the first generic anti-retroviral (ARV), which was developed by Aspen, and from these beginnings Aspen has been at the forefront of trying to combat this pandemic on the African continent”, said Saad.

Aspen’s half-year revenue increases to R12 billion

Johannesburg – JSE Limited listed Aspen Pharmacare Holdings Limited (APN), the ninth largest generic company in the world and Africa’s largest pharmaceutical manufacturer, has announced excellent results for the six months ended 31 December 2013. Group Performance Revenue increased by 33% to R12.0 billion. Operating profit improved by 16% to R2.9 billion after absorbing transaction costs of R143 million relating to the significant new business acquisitions undertaken in the reporting period. Normalised headline earnings, being headline earnings adjusted for specific non-trading items, rose 23% to R2.1 billion. Normalised diluted headline earnings per share increased by 23% to 467.4 cents. Stephen Saad, Aspen Group Chief Executive said, “The business delivered pleasing returns with the International business leading the Group’s growth with significant advances in revenue and profits through a combination of organic growth and the contribution of completed acquisitions. This momentum is expected to continue as Aspen further extends its emerging market presence to the Commonwealth of Independent States (“CIS”) comprising Russia and the former Soviet Republics, to Central and Eastern Europe (“CEE”) as well as adding to its existing business in Asia and Latin America.” RECENT TRANSACTIONS Aspen has recently undertaken extensive corporate activity which will transform the Group. The following is the status of the material transactions involved: The acquisition of the Active Pharmaceutical Ingredient (“API”) manufacturing business, primarily in the Netherlands, from MSD for EUR31 million plus the value of inventory, became effective on 1 October 2013. The acquisition of a portfolio of 11 branded finished dose form molecules from MSD in a related transaction for USD600 million, of which USD67 million has delayed payment terms, became effective on 31 December 2013. The acquisition of the Arixtra and Fraxiparine/Fraxodi brands worldwide (excluding China, India and Pakistan) from GSK for GBP505 million became effective on 31 December 2013. In a related transaction, a further GBP100 million and EUR113 million has been paid into escrow in respect of the acquisition of the specialised sterile production site in France which manufactures these brands and the related inventory. This transaction is scheduled to become effective on 30 April 2014. The acquisition of certain licence rights to infant nutritional intellectual property, net assets, including a production facility in Mexico, and shares in infant nutritional businesses in several countries in Latin America from Nestlé for a purchase consideration of USD180 million was completed with effect from 28 October 2013. The acquisition from Nestlé of certain rights to intellectual property licenses and net assets of the infant nutritionals business presently conducted by Pfizer in certain southern African territories, including South Africa, has been approved by the competition authorities and became effective on 27 January 2014. SOUTH AFRICAN BUSINESS In the South African business, revenue improved by 8% to R3.8 billion and operating profit before amortisation, adjusted for specific non-trading items (“EBITA”) was unchanged at almost R1.0 billion. Revenue in the Pharmaceutical division advanced 7% to R3.2 billion. In the private sector, double digit percentage growth in revenue was delivered through a combination of solid organic growth and the contribution from new product launches. Aspen grew ahead of the market in all segments of the private sector. In the public sector, significantly reduced prices for antiretrovirals (“ARVs”) and a reduced share of the ARV tender gave rise to revenue contraction which limited the overall performance of the Pharmaceutical division. The decrease in ARV prices, the continued weakening of the Rand and rising inflation in administered costs caused a reduction in margin percentages despite gains achieved in production efficiency and procurement. The Consumer division raised revenue by 14% which was a positive outcome given the economic pressures at play in the retail sector. The Group continued to invest in capital expansion projects to enhance production capacities and capabilities in South Africa. The two major projects underway are the extension of production facilities at Fine Chemicals Corporation in Cape Town which will allow this site to contribute meaningfully to Aspen’s expanded API activities, and the building of the high containment suite in Port Elizabeth which will further strengthen the Group’s strategic manufacturing capabilities. ASIA PACIFIC BUSINESS The region’s record of unbroken growth since inception in 2001 was extended with a rise of 27% in revenue to R4.3 billion supported by products added as a consequence of acquisitions by the Group in the previous financial year. EBITA was up by 4% to almost R1.0 billion as most of the products added to the portfolio were at the lower margins available for distribution services and the ongoing mandated price cuts in Australia weighed on profits. The margin percentage contraction was cushioned by savings achieved in the cost of goods and through a reduction in rebates paid. In Asia, Aspen’s newly established businesses in the Philippines, Malaysia and Taiwan made impressive advances albeit off a low base. Sales to customers in Asian countries increased by 22% to R311 million. INTERNATIONAL BUSINESS The International business led growth in the Group with revenue increasing 94% to R3.4 billion and EBITA rising 79% to R1.1 billion. The acquisition of the API business from MSD effective 1 October 2013 and the completion of the infant nutritional transaction with Nestlé effective 28 October 2013 together added R1.3 billion to revenue at low margins, boosting the sales growth and lowering overall margin percentages. These deals were also influencing factors in the rise in sales to customers in the Latin American (up 60% to R1.2 billion) and Rest of World (up 147% to R2.2 billion) territories. The global brands portfolio was an important driver of the growth achieved in the International business and the margin improvement projects for these products continued to yield favourable outcomes. Contributions from certain territories in this business have also benefitted from relative currency strength against the Rand. SUB SAHARAN AFRICA BUSINESS In Sub Saharan Africa gross revenue advanced by 41% to R1.4 billion while EBITA climbed 53% to R0.2 billion as the good momentum achieved in the second half of the prior year was maintained. PROSPECTS The completion of the recent transactions… Continue reading Aspen’s half-year revenue increases to R12 billion

Closed Period

Aspen is in a closed period from 1st January 2026 until the publication of the interim results on the JSE SENS platform on the 3rd March 2026.

The live presentation will take place in Cape Town at 08h30 on 2 March 2023.

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