Page 205 - Profile's Stock Exchange Handbook - 2025 Issue 2

Profile’s Stock Exchange Handbook: 2025 – Issue 2 JSE – TEX
Texton Property Fund Ltd. Tharisa plc
TEX THA
ISIN: ZAE000190542 SHORT: TEX CODE: TEX ISIN: CY0103562118 SHORT: THARISA CODE: THA
REG NO: 2005/019302/06 FOUNDED: 2011 LISTED: 2011 REG NO: HE223412 FOUNDED: 2006 LISTED: 2014
NATURE OF BUSINESS: Texton is a JSE-listed Real Estate Investment Trust NATURE OF BUSINESS: Tharisa is an integrated resource group critical to
(“REIT”) that offers shareholders direct access to its high-quality property the energy transition and decarbonisation of economies. It incorporates
portfolio. Texton’s portfolio is valued at R2.1 billion as at 30 June 2024 (2023: mining, processing, exploration and the beneficiation, marketing, sales, and
R2.2billion)andaimstodeliverlong-termincomeandcapitalgrowth.Texton logistics of Platinum Group Metals (PGMs) and chrome concentrates, using
is focused on investing in high-quality properties in centralised nodes in both innovation and technology as enablers.
SA and the UK across office, industrial and retail properties. The Company is committed to reducing its carbon emissions by 30% by 2030
SECTOR: RealEstate—RealEstate—REITS—Office and the development of a roadmap to become net carbon neutral by 2050.
NUMBER OF EMPLOYEES: 19 SECTOR:BasicMaterials—BasicResrcs—IndMet&Min—GeneralMining
DIRECTORS: FrancoRA(ne), HanningtonAJ(snr ind ne), NUMBER OF EMPLOYEES: 4 879
van der VentWC(ind ne), GoldingMJA (Chair, ne), Rens J (CEO), DIRECTORS: Bell C (ld ind ne), Chen H (ne), Davey R (ind ne, UK),
WellemanHSP (CFO), Macey J (ld ind ne) KamalOM(ind ne), LoSWM(ne, China), Salter DrJD(ld ind ne, UK),
MAJOR ORDINARY SHAREHOLDERS as at 14 Feb 2025 Zvaravanhu G (ind ne), Pouroulis L C (Chair), Pouroulis P (CEO),
Oak Tech Trading (Pty) Ltd. 29.45% Jones M G (CFO)
Thibault REIT Ltd. 22.77% MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2024
Kloof Capital South Africa (Pty) Ltd. 14.30% Medway Developments Ltd. 40.75%
POSTAL ADDRESS: PO Box 653129, Benmore, 2010 Rance Holdings Ltd. 12.73%
MORE INFO: www.sharedata.co.za/sdo/jse/TEX Fujian Wuhang Stainless Steel Co Ltd. 8.84%
COMPANY SECRETARY: CorpStat Governance Services (Pty) Ltd. POSTAL ADDRESS: PO Box 62425, Paphos, Cyprus, 8064
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/THA
SPONSOR: Investec Bank Ltd. COMPANY SECRETARY: Lysandros Lysandrides, Sanet Findlay
AUDITORS: BDO South Africa Inc. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
CAPITAL STRUCTURE AUTHORISED ISSUED
TEX Ords of no par 2 000 000 000 330 059 664 AUDITORS: BDO Cyprus
CAPITAL STRUCTURE AUTHORISED ISSUED
DISTRIBUTIONS [ZARc] THA Ords USD0.001 10 000 000 000 302 596 743
Ords of no par Ldt Pay Amt
Share Premium No 1 20 May 25 26 May 25 79.87 DISTRIBUTIONS [USDc]
Special No 1 20 May 25 26 May 25 20.13 Ords USD0.001 Ldt Pay Amt
Final No 15 25 Feb 25 12 Mar 25 3.00
LIQUIDITY: Apr25 Avg 258 409 shares p.w., R1.0m(4.1% p.a.)
Interim No 14 11 Jun 24 26 Jun 24 1.50
REIV 40 Week MA TEX
LIQUIDITY: Apr25 Avg 348 685 shares p.w., R5.5m(6.0% p.a.)
450
INDM 40 Week MA THARISA
376 3399
302 2900
228 2400
154 1901
80 1402
2020 | 2021 | 2022 | 2023 | 2024 |
FINANCIAL STATISTICS 902
2020 | 2021 | 2022 | 2023 | 2024 |
(Amts in ZAR’000) Dec 24 Jun 24 Jun 23 Jun 22 Jun 21
Interim Final Final Final Final FINANCIAL STATISTICS
NetRent/InvInc 78 008 158 052 184 905 188 505 286 871 (Amts in USD’000) Sep 24 Sep 23 Sep 22 Sep 21 Sep 20
Total Inc 97 023 209 900 225 045 209 340 346 591 Final Final Final Final Final
Attrib Inc 54 730 - 55 642 165 231 39 399 160 445 Turnover 721 394 649 893 685 996 596 345 405 995
TotCompIncLoss 54 832 - 55 642 165 231 39 399 160 445 Op Inc 119 555 94 691 184 549 178 838 87 645
Ord UntHs Int 1 913 493 1 918 794 2 097 014 1 964 371 2 120 078 NetIntPd(Rcvd) 3 281 2 329 3 382 3 502 5 982
FixedAss/Prop 1 757 349 2 010 727 2 083 749 2 129 569 2 508 813 Minority Int - 253 4 541 13 275 31 072 11 655
Tot Curr Ass 436 153 410 486 325 691 161 077 424 180 Att Inc 82 895 82 235 153 881 100 469 43 296
Total Ass 2 710 174 2 966 788 3 141 916 3 410 149 3 642 134 TotCompIncLoss 115 363 73 945 97 407 151 991 30 833
Tot Curr Liab 92 560 891 227 179 752 298 541 148 957 Fixed Ass 784 638 609 694 569 580 380 461 278 960
Inv & Loans - - - 10 274 10 303
PER SHARE STATISTICS (cents per share) Tot Curr Ass 403 973 455 252 375 608 292 689 207 980
HEPS-C (ZARc) 11.39 2.52 16.54 30.49 73.26 Ord SH Int 722 259 615 874 559 026 444 432 351 409
DPS (ZARc) - 20.13 19.26 17.00 37.47 Minority Int 57 323 59 302 61 355 6 842 - 30 580
NAV PS (ZARc) 643.40 625.08 619.37 587.28 588.70 LT Liab 208 420 205 776 164 544 128 086 69 918
3 Yr Beta 0.24 0.09 - 0.04 0.58 0.92 Tot Curr Liab 219 800 207 092 168 396 124 037 115 854
Price Prd End 400 332 250 370 325
Price High 410 334 375 431 380 PER SHARE STATISTICS (cents per share)
Price Low 300 222 180 275 74 HEPS-C (ZARc) 520.69 514.49 650.20 567.99 274.12
RATIOS DPS (ZARc) 81.94 95.58 116.33 136.04 53.18
RetOnSH Funds 5.71 - 2.90 7.88 2.01 7.57 NAV PS (ZARc) 4 122.18 3 848.75 3 340.10 2 432.23 2 185.86
RetOnTotAss 7.16 7.07 7.16 5.17 6.83 3 Yr Beta 1.17 1.20 1.51 1.19 0.74
Debt:Equity 0.38 0.51 0.41 0.57 0.64 Price High 2 099 2 600 3 500 3 270 2 150
OperRetOnInv 8.88 7.86 8.87 8.85 11.43 Price Low 1 140 1 670 1 700 1 350 860
OpInc:Turnover 58.02 57.91 61.91 56.57 64.95 Price Prd End 1 800 1 730 2 075 2 070 1 481
RATIOS
Ret on SH Fnd 10.60 12.85 26.94 29.15 17.13
Oper Pft Mgn 16.57 14.57 26.90 29.99 21.59
D:E 0.34 0.40 0.33 0.32 0.39
Current Ratio 1.84 2.20 2.23 2.36 1.80
Div Cover 6.26 5.21 7.32 4.08 4.94
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