KAP, ZAE000171963

KAP receives ZAR 1.084 billion note listing: KAP stock sits 11.36 percent below high

Published on 10/08/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KAP stock costs EUR 0.15 on October 8, 2026 after EUR 0.15, unchanged. Revenue reached ZAR 29.6 billion in fiscal 2026.

Key points in brief

KAP received a listing for ZAR 1.084 billion of senior unsecured floating-rate notes effective October 8, 2026.
Fiscal 2026 revenue reached ZAR 29.6 billion, while headline earnings per share improved 88 percent.
The Lang & Schwarz price was EUR 0.15 on October 8, 2026, unchanged from the October 7, 2026 prior close.

KAP, ZAE000171963, Illustration mit AI erstellt.

KAP Limited (ISIN ZAE000171963) was trading at EUR 0.15 at Lang & Schwarz on October 8, 2026 at 4:12 p.m. CEST, unchanged versus the October 7, 2026 prior close of EUR 0.15. On October 6, 2026, Sharenet reported that KAP received a listing for ZAR 1.084 billion of KAP035 senior unsecured floating-rate notes, while KAP stock stood 11.36 percent below its 52-week high of ZAc 317.00.

Debt issue starts October 8

The note listing took effect on October 8, 2026 under KAP's domestic medium-term note program. The total notes issued under the program reached ZAR 6.074 billion, against an authorized program size of ZAR 10.0 billion, giving investors a clear measure of the new debt within the broader funding structure.

The KAP035 notes mature on October 8, 2029 and carry a coupon based on compounded daily ZARONIA plus 128 basis points. The issue therefore adds financing capacity, but it also leaves debt discipline central to the investment case.

What does the note mean for debt?

Yahoo Finance reported on September 1, 2026 that KAP reduced net interest-bearing debt by 14 percent to ZAR 7.0 billion in fiscal 2026, while net debt-to-EBITDA improved to 1.8 times. That combination matters because the new note raises gross funding, while the operating result still has to support further deleveraging.

The same fiscal 2026 review showed revenue of ZAR 29.6 billion, stable year over year, and operating profit before capital items of ZAR 2.5 billion, up 28 percent. Headline earnings per share improved 88 percent to ZAR 0.452, but impairments of ZAR 1.568 billion produced a loss per share of ZAR 0.048.

Three dated KAP milestones

On August 30, 2026, KAP reported full-year results for the year ended June 30, 2026, as documented by MarketScreener. On September 1, 2026, KAP highlighted an 88 percent improvement in headline earnings per share, according to Yahoo Finance. On October 6, 2026, the company disclosed the ZAR 1.084 billion KAP035 issuance through Sharenet.

Next dates for noteholders

The first interest payment date is January 8, 2027, and the final maturity date is October 8, 2029, according to Sharenet. KAP's industrial profile spans chemicals, logistics, automotive components, wood products and technology-enabled driver behavior management, according to StockAnalysis.

KAP stock holds below its high

KAP had a market capitalization of ZAR 7.0 billion on October 8, 2026, while its primary-market 52-week range was ZAc 145.00 to ZAc 317.00. The EUR 0.15 Lang & Schwarz quote was intraday and unchanged against the prior close of EUR 0.15, placing the funding announcement alongside a flat German-market indication.

The further course of trading is shown by the continuously updated real-time quote of KAP stock.