Page 29 - Profile's Stock Exchange Handbook - 2025 Issue 3

Profile’s Stock Exchange Handbook: 2025 - Issue 3 NSX - NAM

Namibia Breweries Ltd. Nictus Holdings Ltd.

ISIN: NA0009114944 SHORT: NBL CODE: NBS ISIN: NA000A1J2SS6 SHORT: NICTUS H CODE: NHL
REG NO: 1920/0002 FOUNDED: 1920 LISTED: 1996 REG NO: 1962/1735 FOUNDED: 1962 LISTED: 2012
NATURE OF BUSINESS: Established in 1920, NBL is the leading NATURE OF BUSINESS: The Nictus Group of Companies was founded in
beverage manufacturing company in Namibia and one of the last few 1945 and was listed on the JSE in 1969. The company’s main business
independently owned commercial-scale breweries in southern Africa. operations were based in South West Africa. The main reason for the
NBL’s is one of only a few large-scale commercial breweries in Africa listing was to build equity to expand its operations into Southern
that brew according to the German Reinheitsgebot (“Purity Law”) of Africa. During 2012 Nictus Holdings Ltd. (better known today as Nictus
1516, which prescribes that malted barley, hops and water are the only Namibia) was unbundled from the JSE listed company, and on 21
ingredients used in brewing. Our commitment to the Reinheitsgebot September 2012 was primary listed on the Namibia Securities Exchange
guarantees quality beer brewed from safe, natural ingredients. (NSX). Nictus is the holding company of a Group of companies, which
SECTOR: CnsStp--FoodBev&Tob--Beverages--Brewers retail motor vehicles, tyres, automotive glass, furniture, building
NUMBER OF EMPLOYEES: 983 supplies, hardware and provides call center services, vehicle tracking,
DIRECTORS: Bel J B (ne), Durand J J (ne), Gerdes H B (ind ne, Namb), financial and insurance services in Namibia. The Group operates in three
Mokgatle-Aukhumes M K (ind ne), Overmars J (ne), Pirmez R J M segments, namely retail, properties as well as insurance and finance.
(ind ne, Blgm), Santry K (ne), Schimming-Chase A R (ind ne), SECTOR: ConsDiscr--Retail--Retailers--DiversifiedRetailers
Shiyuka A J H (ind ne), Yedikardesler Y (ne), Mungunda V J NUMBER OF EMPLOYEES: 545
(Chair, ind ne, Namb), von Lieres W (MD, Namb), de Haan W B (FD) DIRECTORS: Ackermann M E (ind ne), Walters S W (ld ind ne, Namb),
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024 Tromp G R de V (Chair, ne), Tromp P J de W (Group MD),
NBL Investment Holdings (Pty) Ltd. 59.37% Snyman C A (Group FD)
Government Institutions Pension Fund 16.04% MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2024
POSTAL ADDRESS: PO Box 206, Windhoek, Namibia Landswyd Beleggings (Pty) Ltd. 32.81%
MORE INFO: www.sharedata.co.za/sdo/jse/NBS KCB Trust 15.02%
COMPANY SECRETARY: Hilya Ndiitaneka Herman Nico Tromp Trust 10.53%
TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd. POSTAL ADDRESS: PO Box 755, Windhoek, Namibia
SPONSOR: PSG Wealth Management Namibia (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/NHL
AUDITORS: Deloitte & Touche (Namibia) COMPANY SECRETARY: Veritas Eksekuteurskamer (Pty) Ltd.
CAPITAL STRUCTURE Authorised Issued TRANSFER SECRETARY: Veritas Eksekuteurskamer (Pty) Ltd.
SPONSOR: Simonis Storm Securities (Pty) Ltd.
NBS Ords no par 299 000 000 206 529 000 AUDITORS: BDO Nambia
DISTRIBUTIONS [NADc] CAPITAL STRUCTURE Authorised Issued
Ords no par Ldt Pay Amt NHL Ords no par value 1 000 000 000 53 443 500
Final No 51 16 Apr 25 14 May 25 157.00
Interim No 50 25 Oct 24 15 Nov 24 52.00 DISTRIBUTIONS [ZARc]
Ldt
Amt
Pay
LIQUIDITY: Jul25 Avg 20 043 shares p.w., R581 097.4(0.5% p.a.) Ords no par value 25 Oct 24 4 Nov 24 35.00
Final No 12
Final No 1 20 Oct 23 30 Oct 23 26.00
NBL 40 Week MA
5500
LIQUIDITY: Jul25 Avg 1 731 shares p.w., R4 403.8(0.2% p.a.)
5000
NICTUS H 40 Week MA
4500 300
280
4000
260
3500 240
220
3000
200
2500
2021 2022 2023 2024 2025 180
160
NOTE: NBL changed its financial year end from 30 June to 31 December. 140
FINANCIAL STATISTICS 2021 2022 2023 2024 2025
Dec 24 Jun 23 Jun 22 Jun 21 Jun 20
(NAD ’000) FINANCIAL STATISTICS
Final Final Final Final(rst) Final Dec 24 Jun 24 Jun 23 Jun 22 Mar 21
Turnover 8 204 548 4 265 246 3 929 246 3 406 110 2 645 832 (NAD ’000)
Op Inc 895 590 421 213 667 436 612 626 453 243 Interim Final Final(rst) Final(rst) Final
NetIntPd(Rcvd) 74 657 13 225 19 111 25 716 32 953 Turnover 514 751 950 199 872 327 834 406 656 647
Att Inc 650 684 5 094 873 539 878 378 112 261 327 Op Inc 37 988 76 252 46 482 49 139 29 989
TotCompIncLoss 649 963 5 099 364 541 316 367 970 263 547 NetIntPd(Rcvd) 856 4 335 3 497 4 121 2 369
Fixed Ass 1 639 103 1 200 767 916 243 937 281 985 323 Att Inc 31 363 57 073 38 755 38 477 18 148
Tot Curr Ass 1 317 721 1 556 904 1 875 036 1 423 723 1 082 732 TotCompIncLoss 31 753 73 873 38 755 26 281 18 148
Ord SH Int 2 340 178 2 107 404 2 450 079 1 908 763 1 755 895 Fixed Ass 476 798 447 116 411 676 374 284 387 461
LT Liab 491 169 524 180 577 000 690 606 712 983 Inv & Loans 249 210 213 454 110 184 67 767 389 939
Tot Curr Liab 1 049 543 1 055 056 632 033 558 028 439 007 Tot Curr Ass 1 617 091 1 343 609 1 003 972 759 627 1 026 249
PER SHARE STATISTICS (cents per share) Ord SH Int 294 578 281 383 221 331 196 306 179 470
97 035
142 356
LT Liab
71 744
90 195
69 740
HEPS-C (ZARc) 315.30 162.70 233.10 178.20 125.60 Tot Curr Liab 2 040 584 1 706 713 1 314 127 1 001 712 1 533 685
DPS (ZARc) 359.00 2 635.00 - 56.00 106.00 PER SHARE STATISTICS (cents per share)
NAV PS (ZARc) 1 133.10 1 020.39 1 186.31 924.21 850.19 HEPS-C (ZARc) 57.93 101.69 72.70 73.69 34.61
3 Yr Beta 0.13 0.18 0.24 0.34 0.30
Price High 3 800 5 000 5 100 3 500 4 840 DPS (ZARc) - 35.00 26.00 26.00 18.00
Price Low - 3 000 3 120 2 590 3 499 NAV PS (ZARc) 551.20 526.51 426.92 367.32 335.81
Price Prd End 2 891 3 680 4 092 3 121 3 499 3 Yr Beta 0.12 0.09 0.09 180 - - 0.03
230
220
160
Price High
250
RATIOS Price Low 222 220 175 159 159
Ret on SH Fnd 18.54 241.76 22.04 19.81 14.88 Price Prd End 250 222 220 175 159
Oper Pft Mgn 10.92 9.88 16.99 17.99 17.13
D:E 0.32 0.43 0.29 0.43 0.49 RATIOS
Current Ratio 1.26 1.48 2.97 2.55 2.47 Ret on SH Fnd 10.65 20.28 17.51 19.60 10.11
Div Cover 0.88 0.94 - 3.23 1.19 Oper Pft Mgn 7.36 7.90 5.34 6.02 4.95
D:E 0.44 0.16 0.33 0.23 0.67
Current Ratio 0.79 0.79 0.76 0.76 0.67
Div Cover - 3.05 2.79 2.82 2.83
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