Page 71 - Profile's Stock Exchange Handbook - 2025 Issue 2
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Profile’s Stock Exchange Handbook: 2025 – Issue 2                       JSE – ADC
            Adcock Ingram Holdings Ltd.                    Adcorp Holdings Ltd.
        ADC                                        ADC
       ISIN: ZAE000123436  SHORT: ADCOCK  CODE: AIP  ISIN: ZAE000000139  SHORT: ADCORP  CODE: ADR
       REG NO: 2007/016236/06  FOUNDED: 1890  LISTED: 2008  REG NO: 1974/001804/06  FOUNDED: 1968  LISTED: 1987
       NATURE OF BUSINESS: Adcock Ingram is a leading South African  NATURE OF BUSINESS: The Adcorp Group is a workforce solutions
        pharmaceutical manufacturer, listed on the Johannesburg Stock Exchange.  provider that seeks to connect and develop human potential to shape
        The Group manufactures, markets, and distributes a wide range of  markets, economies and our shared future. Adcorp and its constituent
        consumer and healthcare products and is a leading supplier to the private  brands are represented within South Africa and Australia, employing in
        and public sectors of the market.          excessof1 900 permanentstaff,assigning morethan48 000 contingentstaff
       SECTOR: HlthCare—HtlhCare—Pharmaceutic&Biotech—Pharmaceuticals  dailyandtrainingmultiplelearnersthroughavastspectrumofdisciplines.
       NUMBER OF EMPLOYEES: 2 223                 SECTOR: Inds—IndsGoods&Services—IndsSupptServ—BusTrain&EmpAgency
       DIRECTORS: Letsoalo B (HR), Boyce L (ne), Gumbi Dr S (ind ne),  NUMBER OF EMPLOYEES: 1 959
        MabuzaBA(ind ne), Manning DrCE(ind ne), Ransby D (ind ne),  DIRECTORS: Lubega M (ind ne), Mnganga Dr P (ld ind ne), Mokgabudi T
        Sathekge Prof M (ind ne), Steyn M (ne), Madisa N T (Chair, ne),  (ind ne), Singh H (ind ne), Smith C (ne), van Dijk R (ind ne),
        Hall A G (CEO), Neethling D (CFO)          Serobe G T (Chair, ind ne), Wentzel Dr J P (CEO), Prendergast N (CFO)
       MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2024  MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2024
         The Bidvest Group Ltd.           59.00%    H4 Collective Investments (RF) (Pty) Ltd.  11.16%
         Government Employees Pension Fund  8.80%   Allan Gray                        8.82%
       POSTAL ADDRESS: Private Bag X69, Bryanston, 2021  PSG Asset Management (Pty) Ltd.  8.01%
       MORE INFO: www.sharedata.co.za/sdo/jse/AIP  POSTAL ADDRESS: PO Box 70635, Bryanston, 2021
       COMPANY SECRETARY: Mahlatse Phalafala      MORE INFO: www.sharedata.co.za/sdo/jse/ADR
       TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.  COMPANY SECRETARY: Charissa de Jager
       SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)  TRANSFER SECRETARY: CTSE Registry Services (Pty) Ltd.
       AUDITORS: PwC Inc.                         SPONSOR: Valeo Capital (Pty) Ltd.
                                                  AUDITORS: Deloitte & Touche Inc.
       CAPITAL STRUCTURE   AUTHORISED     ISSUED
       AIP  Ords 10c ea      250 000 000  161 300 000  CAPITAL STRUCTURE  AUTHORISED  ISSUED
                                                  ADR  Ords 2.5c ea     183 177 151  109 880 974
       DISTRIBUTIONS [ZARc]
       Ords 10c ea           Ldt    Pay     Amt   DISTRIBUTIONS [ZARc]
       Interim No 26     11 Mar 25  17 Mar 25  115.00  Ords 2.5c ea     Ldt     Pay    Amt
       Final No 25       17 Sep 24  23 Sep 24  150.00  Interim No 42  14 Jan 25  20 Jan 25  13.40
                                                  Final No 41       13 Aug 24  19 Aug 24  24.20
       LIQUIDITY: Apr25 Avg 448 263 shares p.w., R26.3m(14.5% p.a.)
                                                  LIQUIDITY: Apr25 Avg 310 459 shares p.w., R1.4m(14.7% p.a.)
               PHAR       40 Week MA   ADCOCK
                                                          SUPS       40 Week MA   ADCORP
                                           11127
                                                                                       4527
                                           9657
                                                                                       3652
                                           8186
                                                                                       2776
                                           6716
                                                                                       1901
                                           5246
                                                                                       1025
                                           3776
          2020  |  2021  |  2022  |  2023  |  2024  |
                                                                                       150
                                                     2020  |  2021  |  2022  |  2023  |  2024  |
       FINANCIAL STATISTICS
       (Amts in ZAR’000)  Dec 24  Jun 24  Jun 23  Jun 22  Jun 21  FINANCIAL STATISTICS
                   Interim  Final  Final  Final  Final  (R million)  Aug 24  Feb 24  Feb 23  Feb 22  Feb 21
       Revenue    4 714 234 9 643 128 9 131 852 8 705 817 7 776 854  Interim  Final  Final Final(rst)  Final
       Op Inc      487 328 1 064 824 1 135 527 1 052 820  849 755  Turnover  6 769  12 982  12 049  11 318  11 717
       NetIntPd(Rcvd)  59 287  86 758  52 167  40 906  43 667  Op Inc  42  129  164  201  118
       Minority Int    -     -   - 50  384  4 649  NetIntPd(Rcvd)  18  39    45   64    91
       Att Inc     389 706  814 009  898 410  800 345  657 463  Minority Int  -  2  2  3  3
       TotCompIncLoss  398 772  742 701 1 003 232  830 043  511 829  Att Inc  29  86  39  116  38
       Fixed Ass  1 443 622 1 448 624 1 475 795 1 472 548 1 495 159  TotCompIncLoss  - 12  52  142  114  102
       Inv & Loans  16 530  17 514  20 476  21 770  26 092  Fixed Ass  23  25  31  37   48
       Tot Curr Ass  5 120 498 4 885 785 4 614 417 4 344 990 3 737 706  Inv & Loans  -  -  21  20  19
       Ord SH Int  5 544 012 5 412 820 5 387 938 5 244 894 4 682 348  Tot Curr Ass  2 011  1 989  1 923  1 910  1 963
       Minority Int   - 55  - 44  - 26  229  760  Ord SH Int    1 425  1 460  1 535  1 473  1 352
       LT Liab     388 868  411 759  440 413  457 702  387 997  LT Liab  342  349  389  438  870
       Tot Curr Liab  2 810 188 2 530 348 2 434 209 2 186 337 1 969 313  Tot Curr Liab  1 334  1 314  1 238  1 290  1 273
       PER SHARE STATISTICS (cents per share)     PER SHARE STATISTICS (cents per share)
       HEPS-C (ZARc)  265.50  616.60  561.30  502.00  404.70  HEPS-C (ZARc)  28.20  83.80  147.80  99.70  0.80
       DPS (ZARc)   115.00  275.00  250.00  213.00  170.00  DPS (ZARc)  13.40  40.30  120.00  47.00  -
       NAV PS (ZARc)  3 777.53 3 688.14 3 526.86 3 242.42 2 664.08  NAV PS (ZARc)  1 366.92 1 419.01 1 484.39 1 380.16 1 259.08
       3 Yr Beta     0.58  0.52  0.45  0.37  0.51  3 Yr Beta    - 0.38  - 0.24  0.24  0.60  0.24
       Price High    7 396  6 750  5 950  5 827  4 950  Price High  505  690  668  740  1 008
       Price Low     5 502  5 051  4 411  4 065  3 765  Price Low  360  317  409  449  129
       Price Prd End  6 700  6 010  5 630  4 966  4 430  Price Prd End  449  450  441  600  649
       RATIOS                                     RATIOS
       Ret on SH Fnd  14.06  15.04  16.67  15.27  14.14  Ret on SH Fnd  4.12  6.03  2.66  8.08  3.06
       Oper Pft Mgn  10.34  11.04  12.43  12.09  10.93  Oper Pft Mgn  0.63  0.99  1.36  1.78  1.01
       D:E           0.20  0.08  0.08  0.09  0.09  D:E          0.24  0.24  0.25  0.39  0.69
       Current Ratio  1.82  1.93  1.90  1.99  1.90  Current Ratio  1.51  1.51  1.55  1.48  1.54
       Div Cover     2.31  1.96  2.25  2.32  2.33  Div Cover    2.10  2.08  0.31  2.32   -
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