Page 181 - Profile's Stock Exchange Handbook - 2025 Issue 3

Profile’s Stock Exchange Handbook: 2025 - Issue 3 JSE - RFG

RFG Holdings Ltd. RH Bophelo Ltd.

ISIN: ZAE000191979 SHORT: RFG CODE: RFG ISIN: ZAE000244737 SHORT: RHBOPHELO CODE: RHB
REG NO: 2012/074392/06 FOUNDED: 2012 LISTED: 2014 REG NO: 2016/533398/06 FOUNDED: 2016 LISTED: 2017
NATURE OF BUSINESS: RFG is a leading producer of convenience NATURE OF BUSINESS: RH Bophelo Ltd. (RHB) is a Pan-African
meal solutions for customers throughout South Africa, sub- investment holding company listed on the Johannesburg Stock
Saharan Africa and multiple major global markets. Founded in Exchange (JSE) under Section 15 of the Listings Requirements, with
1896, RFG was listed on the JSE Ltd. in 2014. Since the listing the a secondary listing on the Rwanda Stock Exchange (RSE) since April
group has concluded 10 acquisitions to expand and diversify its 2020. The company is singularly focused on deploying capital in
product offering and customer base and extend its market-leading the healthcare and healthcare-adjacent sectors, with a disciplined
brands into new product categories. investment thesis centred on long-term value creation, access
SECTOR: CnsStp--FoodBev&Tob--Food Producers--Food Products expansion, and ecosystem integration.
NUMBER OF EMPLOYEES: 3 401 SECTOR: Fins--FinServcs--ClosedEndInvstmnts--ClosedEndInvstmnts
DIRECTORS: Angamia Z R (ne), Blok T (ind ne), Maitisa S (ind ne), NUMBER OF EMPLOYEES: 742
Naidoo S (ind ne), Njobe B (ind ne), Willis G J H (ne), Muthien Dr Y G DIRECTORS: Clarke C W, Makhubela R (ind ne), Makwetla F (ne),
(Chair, ind ne), Hanekom P (CEO), Schoombie C C (CFO) Mashau T (ind ne), Mpelwane C (ind ne), Segooa B (ne), Sekete Dr P D
MAJOR ORDINARY SHAREHOLDERS as at 29 Sep 2024 (ne), Moraba S (Chair, ind ne), Zunga Q (CEO & MD), Metu A Y (CFO)
Capitalworks Private Equity GP (Pty) Ltd. 37.30% MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025
Old Mutual 11.50% Public Investment Corporation 67.00%
PSG Konsult 9.00% Perthpark Properties 12.00%
POSTAL ADDRESS: Private Bag X3040, Paarl, 7620 Dr Mandisa Joyce Gwendoline 3.00%
MORE INFO: www.sharedata.co.za/sdo/jse/RFG POSTAL ADDRESS: Unit 12, 1st floor, 1 Melrose Boulevard, Melrose Arch,
COMPANY SECRETARY: Zantira Annandakrisnan 2191
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/RHB
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.) COMPANY SECRETARY: Statucor (Pty) Ltd.
AUDITORS: Ernst & Young TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
CAPITAL STRUCTURE Authorised Issued SPONSOR: Deloitte & Touche Sponsor Services (Pty) Ltd.
RFG Ords no par value 1 800 000 000 262 762 018 AUDITORS: Mazars South Africa
Authorised
Issued
DISTRIBUTIONS [ZARc] CAPITAL STRUCTURE 10 000 000 000 64 691 298
Ords no par
RHB
Ords no par value Ldt Pay Amt
Interim No 11 1 Jul 25 7 Jul 25 29.60 DISTRIBUTIONS [ZARc]
Final No 10 21 Jan 25 27 Jan 25 111.10 Ords no par Ldt Pay Amt
LIQUIDITY: Jul25 Avg 917 277 shares p.w., R16.6m(18.2% p.a.) Interim No 2 11 Dec 23 18 Dec 23 31.00
Final No 1 20 Jul 21 26 Jul 21 15.00
RFG 40 Week MA FOOD LIQUIDITY: Jul25 Avg 47 306 shares p.w., R89 764.8(3.8% p.a.)
2400
2200
RHBOPHELO 40 Week MA EQII
2000 3000
1800
2500
1600
1400 2000
1200
1500
1000
800 1000
600
2021 2022 2023 2024 2025 500
0
FINANCIAL STATISTICS 2021 2022 2023 2024
Mar 25 Sep 24 Oct 23 Oct 22 Sep 21
(R million)
Interim Final Final Final Final FINANCIAL STATISTICS
Turnover 4 034 8 006 7 887 7 255 5 950 (R ’000) Feb 25 Feb 24 Feb 23 Feb 22 Feb 21
Op Inc 343 852 757 573 372 Final Final Final(rst) Final Final
NetIntPd(Rcvd) 26 83 99 88 73 Op Inc 31 349 210 929 - 28 782 - 25 803 - 22 747
Minority Int - 1 - - 1 - NetIntPd(Rcvd) 3 429 5 302 - 394 - 5 827 - 7 021
Att Inc 232 566 477 361 216 Att Inc 43 928 182 644 - 32 212 53 484 131 217
TotCompIncLoss 230 565 479 362 217 TotCompIncLoss 43 928 182 644 - 32 213 53 484 131 217
Fixed Ass 2 034 1 986 1 899 1 845 1 774 Fixed Ass 601 1 487 2 316 3 160 4 041
Inv & Loans 17 13 10 9 12 Inv & Loans 1 236 749 1 129 826 863 750 959 723 881 233
Tot Curr Ass 3 695 3 333 2 904 2 766 2 511 Tot Curr Ass 45 832 85 047 167 417 13 485 40 407
Ord SH Int 3 727 3 829 3 396 3 023 2 744 Ord SH Int 1 078 262 1 034 333 871 744 903 957 864 076
Minority Int 9 10 11 10 9 LT Liab 171 321 156 829 57 859 71 068 60 867
LT Liab 307 368 614 877 966 Tot Curr Liab 33 598 25 198 103 880 1 343 737
Tot Curr Liab 2 351 1 803 1 529 1 513 1 400 PER SHARE STATISTICS (cents per share)
PER SHARE STATISTICS (cents per share) HEPS-C (ZARc) 67.90 282.30 - 49.80 82.70 218.00
HEPS-C (ZARc) 88.70 222.20 187.40 137.90 87.90 DPS (ZARc) - - - - 15.00
DPS (ZARc) 29.60 111.10 62.00 45.80 29.10 NAV PS (ZARc) 1 666.80 1 598.90 1 347.50 1 397.34 1 336.00
NAV PS (ZARc) 1 418.48 1 475.24 1 305.70 1 150.55 1 044.31 3 Yr Beta - 0.18 0.24 0.21 0.19 0.10
3 Yr Beta 0.65 0.66 0.22 - 0.03 0.14 Price High 399 400 550 800 985
Price High 2 249 1 875 1 364 1 630 1 408 Price Low 130 100 224 375 500
Price Low 1 615 989 751 902 1 050 Price Prd End 179 399 399 509 800
Price Prd End 1 860 1 605 1 100 1 101 1 240 RATIOS
RATIOS Ret on SH Fnd 4.07 17.66 - 3.70 5.92 15.19
Ret on SH Fnd 12.34 14.72 14.02 11.93 7.86 D:E 0.18 0.17 0.18 0.08 0.07
Oper Pft Mgn 8.51 10.64 9.59 7.90 6.26 Current Ratio 1.36 3.38 1.61 10.04 54.83
D:E 0.28 0.22 0.28 0.44 0.48 Div Cover - - - - 14.53
Current Ratio 1.57 1.85 1.90 1.83 1.79
Div Cover 3.01 1.96 2.95 3.01 2.84
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