Page 181 - Profile's Stock Exchange Handbook - 2025 Issue 4

Profile’s Stock Exchange Handbook: 2025 - Issue 4 JSE - REU
Reunert Ltd. POSTAL ADDRESS: PO Box 784391, Sandton, 2146
EMAIL: invest@reunert.co.za
WEBSITE: www.reunert.co.za
TELEPHONE: 011-517-9000
COMPANY SECRETARY: Reunert Management
Services (Pty) Ltd.
TRANSFER SECRETARY: JSE Investor Services
(Pty) Ltd.
SPONSOR: One Capital
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ISIN: ZAE000057428 SHORT: REUNERT CODE: RLO BANKERS: Nedbank Ltd., Rand Merchant Bank, Standard Bank
REG NO: 1913/004355/06 FOUNDED: 1888 LISTED: 1948 SEGMENTAL REPORTING as at 31 Mar 2025 (as a % of Liabilities)
Electrical Engineering 34.20%
NATURE OF BUSINESS: Information Communication Technologies 22.35%
Reunert is a leading industrial company with a diversified Applied Electronics 18.75%
24.72%
Other
portfolio of businesses in three segments. Reunert is a
CALENDAR
Status
Expected
purpose-driven Group, with an ethical culture based on its Next Final Results 20 Nov 2025 Confirmed
Group Values and Code of Ethics, and a commitment to invest Annual General Meeting 24 Feb 2026 Confirmed
in the future. Next Interim Results May 2026 Unconfirmed
Reunert was founded in 1888, listed on the Johannesburg CAPITAL STRUCTURE Authorised Issued
Stock Exchange (JSE) in 1948 and is included in the industrial RLO Ords no par val 235 000 000 182 665 316
goods and services (electronic and electrical equipment) DISTRIBUTIONS [ZARc]
sector of the JSE. The Group also listed on the A2X in August Ords no par val Ldt Pay Amt
2023 to increase share liquidity and access to the retail market. Interim No 198 24 Jun 25 30 Jun 25 90.00
Reunert primarily operates in South Africa, with smaller Final No 197 21 Jan 25 27 Jan 25 276.00
operations in Australia, India, Lesotho, the Kingdom of Interim No 196 18 Jun 24 24 Jun 24 90.00
Saudi Arabia, Mauritius, the USA and Zambia. Reunert Final No 195 23 Jan 24 29 Jan 24 249.00
accesses several export markets in Europe and Asia through LIQUIDITY: Sep25 Avg 2m shares p.w., R116.0m(51.5% p.a.)
distributors. The Group’s Head Office is in Woodmead,
Johannesburg, South Africa. REUNERT 40 Week MA ELEE 9000
SECTOR: Inds--IndsGoods&Services--Elec&ElecEquip--Components 8000
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2025 7000
Public Investment Corporation (SOC) Ltd. 13.20% 6000
Old Mutual Investment Group (SA) (Pty) Ltd. 6.10%
Sanlam Investment Management (Pty) Ltd. 4.70% 5000
4000
FINANCIAL STATISTICS
Mar 25 Sep 24 Sep 23 Sep 22 Sep 21 3000
(R million)
Interim Final Final Final Final 2021 2022 2023 2024 2025 2000
Turnover 6 218 14 446 13 781 11 129 9 575
Op Inc 585 1 531 1 431 1 231 1 050
NetIntPd(Rcvd) 39 71 120 52 42 RECENT ANNOUNCEMENTS
Tax 145 422 359 293 265
Minority Int - 40 1 40 17 - 10 Reunert interim result March 2025 - Wednesday, 28 May
Att Inc 329 1 037 919 827 777 2025:
TotCompIncLoss 291 976 933 846 769 Continuing Operations
Hline Erngs-CO 374 1 057 957 826 768
Fixed Ass 827 823 811 913 881 Revenue declined by 5% to R6.2 billion (R6.5 billion)
FinCo Acc Rec 1 564 1 610 1 688 1 579 1 803 with operating profit decreasing by 16% to R585 million
Inv & Loans 283 283 231 126 240 (R697 million). Profit for the period attributable to equity
Def Tax Asset 237 275 202 151 145 holders came to R382 million (R470 million). Furthermore,
Tot Curr Ass 7 278 8 329 7 358 6 521 5 703
Ord SH Int 7 573 7 958 7 456 7 057 6 695 headline earnings per share declined by 20% to 238 cents
Minority Int 101 142 174 133 87 per share (296 cents per share.
LT Liab 1 637 1 858 1 739 441 452 Cash dividend
Tot Curr Liab 3 007 3 569 3 263 3 301 3 103
PER SHARE STATISTICS (cents per share) Notice was hereby given that a gross interim cash
EPS (ZARc) 209.00 652.00 578.00 520.00 483.00 dividend No. 198 of 90.0 cents per ordinary share (March
HEPS-C (ZARc) 238.00 685.00 602.00 519.00 478.00 2024: 90.0 cents per ordinary share) has been declared by
Pct chng p.a. - 30.5 10.5 16.0 8.6 315.7 the Board for the six months ended 31 March 2025.
Tr 5yr av grwth % - 54.2 48.4 45.9 48.0
DPS (ZARc) 90.00 366.00 332.00 299.00 277.00 Prospects
Pct chng p.a. - 50.8 10.2 11.0 7.9 7.8 Reunert expects the transmission grid and related
Tr 5yr av grwth % - - 2.6 - 3.8 - 5.2 - 5.2 infrastructure projects to only commence in the 2026
NAV PS (ZARc) 4 145.83 4 356.60 4 030.94 3 815.23 3 619.52
3 Yr Beta 0.36 0.40 0.46 0.47 0.47 financial year. Consequently, the broad South African
Price High 8 329 8 322 6 391 5 582 5 779 macro-economic environment experienced in the first
Price Low 6 055 5 669 4 300 3 611 2 887 half of 2025 is expected to continue for the remainder of
Price Prd End 6 055 8 100 6 016 4 330 4 751
RATIOS the year. In this environment, the:
Ret on SH Fnd 7.53 12.81 12.57 11.74 11.31 - Electrical Engineering Segment is likely to continue to
Ret On Tot Ass 10.45 12.61 12.48 12.00 11.52 experience similar production capacity utilisation as in
Oper Pft Mgn 9.41 10.60 10.38 11.06 10.97 the first half of the 2025 financial year;
D:E 0.21 0.23 0.24 0.15 0.18 - ICT Segment is expected to deliver year-on-year
Int Cover 15.00 21.56 11.93 23.67 25.00
Current Ratio 2.42 2.33 2.25 1.98 1.84 financial growth; and
Div Cover 2.32 1.78 1.74 1.74 1.74 - Defence Cluster is expected to have a strong second
NUMBER OF EMPLOYEES: 6 488 half performance and deliver an improved year-on-year
DIRECTORS: Abdool-Samad T (ind ne), Boëttger R J (ind ne), Applied Electronic Segment performance. As a result of
Dalgleish G B (ind ne), Eboka T N M (ind ne), Fourie L P (ind ne), these segment performances, Reunert expects to deliver
Hulley J P (ind ne), Matshoba-Ramuedzisi M T (ind ne), Moodley M, a significantly improved second half financial result when
Husain M J (Chair, ind ne), Dickson A E (CEO), Kathan M (CFO)
POPULAR BRAND NAMES: +OneX, CBI-electric, ECN, Etion Create, compared to these interim results, coupled with free cash
IQ Business, Lumika, Nanoteq, Nashua, Omnigo, Quince Capital, flows in line with our historic norms.
Reutech Communications, Reutech Radar Systems, Reutech
Solutions, Skywire, Terra Firma, Zamefa
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