Page 197 - Profile's Stock Exchange Handbook - 2025 Issue 3

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

The SPAR Group Ltd. Oper Pft Mgn 2.08 1.90 1.72 2.53 2.65
2.51
2.23
2.33
D:E
2.80
2.44
Int Cover 3.74 3.70 3.75 8.88 9.34
Current Ratio 0.99 0.90 0.94 0.99 1.02
Div Cover - - - 2.80 1.44
NUMBER OF EMPLOYEES: 10 512
DIRECTORS: Botha E C (ind ne), Isaacs M R
(Group CFO), Bosman M J (Chair, ind ne), Swartz
ISIN: ZAE000058517 SHORT: SPAR CODE: SPP A P (Group CEO), Pydigadu M (COO), Zinn S
REG NO: 1967/001572/06 FOUNDED: 1967 LISTED: 2004 A (Dep Chair, ind ne), da Silva P M P (ind ne),
Ighodaro O (ind ne), Jamieson M J (ind ne),
NATURE OF BUSINESS: Koyana L M (ind ne), Naran S T (ind ne)
SPAR is a warehousing and wholesale distribution business, POPULAR BRAND NAMES: S Buys Pharmacy,
supplying goods and services to independently owned Scan the QR code to SPAR, SUPERSPAR, KWIKSPAR, SPAR Express,
retailers, trading predominantly under the SPAR retail brand. visit our website TOPS at SPAR, Pharmacy at SPAR, TopCC,
SaveMor, Build it, Spar Encore, MACE, XL,
Part of a global organisation, The SPAR Group Ltd is the Value Centre, Londis, Maxi
registered licensee of the SPAR brand in parts of Southern EMAIL: Neill.OBrien@spar.co.za
Africa including South Africa and Ireland. The nature of the WEBSITE: thespargroup.com
relationship between the company and independently TELEPHONE: 031-002-6165
owned stores is one of joint co-operation for the benefit of COMPANY SECRETARY: Neill O’Brien (interim)
the members of this association. SPAR’s primary revenue TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
stream is derived from the provision of goods and services SPONSOR: One Capital
AUDITORS: PwC Inc.
to its member stores. The financial performance of BANKERS: Rand Merchant Bank Ltd.
independent retailers does not form part of the company’s CALENDAR Expected Status
financial results. SPAR operates under a ‘voluntary trading Next Final Results Nov 2025 Unconfirmed
model’ whereby retailers may also source goods from local Annual General Meeting Feb 2026 Unconfirmed
traders, thereby supporting their local communities. Next Interim Results Jun 2026 Unconfirmed
In South Africa, SPAR’s brands include SUPERSPAR, SPAR, CAPITAL STRUCTURE Authorised Issued
KWIKSPAR, SPAR Express (groceries), TOPS at SPAR (liquor), SPP Ords of 0.06c ea 250 000 000 192 602 355
SaveMor, Build it (building materials), SPAR Health and SPAR DISTRIBUTIONS [ZARc]
Encore (private label procurement). In Ireland its brands Ords of 0.06c ea Ldt Pay Amt
include SPAR, Eurospar, MACE, XL, Londis and VALUE CENTRE. Final No 36 6 Dec 22 12 Dec 22 225.00
The group has a joint venture operation in Sri Lanka. Interim No 35 28 Jun 22 4 Jul 22 175.00
SPAR is part of the SPAR international organisation (with Final No 34 7 Dec 21 13 Dec 21 536.00
presence in 48 countries), the world’s leading voluntary Interim No 33 8 Jun 21 14 Jun 21 280.00
food retail chain and the biggest independent supermarket LIQUIDITY: Jun25 Avg 4m shares p.w., R476.3m(101.4% p.a.)
retail network in the world. This global brand, prides itself on
supporting independent retailers, working in partnership to SPAR 40 Week MA FOOR 35000
provide a high quality, value for money shopping experience 30000
for the communities it serves.
25000
SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Food 20000
MAJOR ORDINARY SHAREHOLDERS as at 02 Apr 2025
Government Employees Pension Fund 19.88% 15000
Allan Gray 6.94% 10000
M&G Investments 6.91%
5000
FINANCIAL STATISTICS 2021 2022 2023 2024 2025
Mar 25 Sep 24 Sep 23 Sep 22 Sep 21
(R million) Interim Final Final Final Final RECENT ANNOUNCEMENTS
Turnover 65 160 152 338 146 461 135 609 127 941
Op Inc 1 354 2 896 2 517 3 429 3 393 Spar interim results 28 March 2025 Wednesday, 04 June
NetIntPd(Rcvd) 362 668 668 385 362 2025:
Tax 226 469 465 822 809 Continuing operations
Minority Int - - 41 68 - 57
Att Inc - 4 258 352 401 2 152 2 266 Revenue for the period lowered by 2% to R65.2 billion
TotCompIncLoss - 4 004 158 1 028 3 069 2 444 (R66.5 billion) with gross profit coming in at R7 billion
Hline Erngs-CO 835 1 726 1 589 2 233 2 304 (R7 billion). Operating profit decreased by 5.7% to
Fixed Ass 5 069 9 603 10 378 8 997 8 193 R1.35 billion (R1.44 billion) with profit after taxation
Inv in Assoc 159 159 150 131 95
Inv & Loans 700 791 826 777 700 attributable to owners from continuing operations
Def Tax Asset 129 133 219 254 228 declining by 9.8% to R768.1 million (R851.2 million).
Tot Curr Ass 23 424 26 583 28 295 25 963 23 618 Additionally, headline earnings per share took a 4.7%
Ord SH Int 6 529 10 374 10 215 9 782 8 202
Minority Int - - 7 227 178 hit coming in at 433.8c per share (455c per share).
LT Liab 14 293 17 836 21 532 20 792 20 571
Tot Curr Liab 23 570 29 685 30 071 26 317 23 117
PER SHARE STATISTICS (cents per share)
EPS (ZARc) - 2 211.10 182.70 208.60 1 118.20 1 176.30
HEPS-C (ZARc) 433.80 917.90 826.00 1 160.50 1 196.20
Pct chng p.a. - 3.2 11.1 - 28.8 - 3.0 5.4
Tr 5yr av grwth % - - 3.0 - 1.8 4.2 3.5
DPS (ZARc) - - - 400.00 816.00
Pct chng p.a. - - - 100.0 - 51.0 - 5.7
Tr 5yr av grwth % - - 29.7 - 27.8 - 6.2 4.3
NAV PS (ZARc) 3 390.20 5 386.60 5 303.73 5 201.00 4 350.50
3 Yr Beta 0.68 0.58 0.49 0.10 0.08
Price High 15 168 14 064 16 651 20 323 21 347
Price Low 11 578 8 558 8 945 12 909 17 111
Price Prd End 12 055 13 554 11 628 14 336 19 642
RATIOS
Ret on SH Fnd - 130.44 3.39 4.33 22.18 26.36
Ret On Tot Ass 4.09 4.15 3.44 6.16 6.68
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