Page 182 - Profile's Stock Exchange Handbook - 2025 Issue 4

JSE - REX Profile’s Stock Exchange Handbook: 2025 - Issue 4
Rex Trueform Group Ltd. RFG Holdings Ltd.

ISIN: ZAE000250395 SHORT: REX TRUE -N- CODE: RTN ISIN: ZAE000191979 SHORT: RFG CODE: RFG
ISIN: ZAE000250387 SHORT: REX TRUE CODE: RTO REG NO: 2012/074392/06 FOUNDED: 2012 LISTED: 2014
ISIN: ZAE000250403 SHORT: REX TRUE6% CODE: RTOP NATURE OF BUSINESS: RFG is a leading producer of convenience
REG NO: 1937/009839/06 FOUNDED: 1937 LISTED: 1945 meal solutions for customers throughout South Africa, sub-
NATURE OF BUSINESS: Rex Trueform was established in Cape Town Saharan Africa and multiple major global markets. Founded in
in 1937 and has been listed on the JSE since 1945. The company 1896, RFG was listed on the JSE Ltd. in 2014. Since the listing the
has interests in the property, retail, media and broadcasting, group has concluded 10 acquisitions to expand and diversify its
technology and water infrastructure sectors. product offering and customer base and extend its market-leading
SECTOR: ConsDiscr--Retail--Retailers--ApparelRetailers brands into new product categories.
NUMBER OF EMPLOYEES: 0 SECTOR: CnsStp--FoodBev&Tob--Food Producers--Food Products
DIRECTORS: Lloyd C, Molosiwa M R (ind ne), Ntshingwa B (ind ne), NUMBER OF EMPLOYEES: 3 401
Roberts H B (ind ne), Naylor P M (Chair, ind ne), Golding M J A (CEO), DIRECTORS: Angamia Z R (ne), Blok T (ind ne), Maitisa S (ind ne),
White K (FD) Naidoo S (ind ne), Njobe B (ind ne), Willis G J H (ne), Muthien Dr Y G
MAJOR ORDINARY SHAREHOLDERS as at 1 Sep 2025 (Chair, ind ne), Hanekom P (CEO), Schoombie C C (CFO)
African & Overseas Enterprises Ltd. 49.46% MAJOR ORDINARY SHAREHOLDERS as at 23 Oct 2025
Geomer Investments (Pty) Ltd. 20.73% Capitalworks Private Equity GP (Pty) Ltd. 37.30%
Ceejay Trust 16.62% Foord Asset Management (Pty) Ltd. 11.60%
POSTAL ADDRESS: PO Box 1856, Cape Town, 8000 Old Mutual 11.50%
MORE INFO: www.sharedata.co.za/sdo/jse/RTO POSTAL ADDRESS: Private Bag X3040, Paarl, 7620
COMPANY SECRETARY: Anita Gihwala MORE INFO: www.sharedata.co.za/sdo/jse/RFG
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. COMPANY SECRETARY: CIS Company Secretaries (Pty) Ltd.
SPONSOR: Java Capital (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
AUDITORS: Forvis Mazars SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
CAPITAL STRUCTURE Authorised Issued AUDITORS: Ernst & Young Inc.
RTN N ords no par val 120 000 000 20 322 559 CAPITAL STRUCTURE Authorised Issued
RTO Ords no par val 26 000 000 3 763 017 RFG Ords no par val 1 800 000 000 262 762 018
RTOP Prefs 200c ea 140 000 140 000 DISTRIBUTIONS [ZARc]
DISTRIBUTIONS [ZARc] Ords no par val Ldt Pay Amt
N Ords no par valu Ldt Pay Amt Interim No 11 1 Jul 25 7 Jul 25 29.60
Final No 21 6 Dec 16 12 Dec 16 27.00 Final No 10 21 Jan 25 27 Jan 25 111.10
Final No 20 4 Dec 15 14 Dec 15 61.00 LIQUIDITY: Oct25 Avg 2m shares p.w., R33.8m(33.8% p.a.)
LIQUIDITY: Oct25 Avg 279 shares p.w., R3 251.3(0.4% p.a.)
RFG 40 Week MA FOOD
2400
REX TRUE 40 Week MA GERE
2200 2200
2000 2000
1800
1800
1600
1600
1400
1400
1200
1200
1000
1000 800
800 600
2021 2022 2023 2024 2025
600
2021 2022 2023 2024 2025
FINANCIAL STATISTICS
FINANCIAL STATISTICS (R million) Mar 25 Sep 24 Oct 23 Oct 22 Sep 21
(R ’000) Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 Interim Final Final Final Final
Final Final(rst) Final Final(rst) Final Turnover 4 034 8 006 7 887 7 255 5 950
Turnover 873 641 890 578 899 284 665 668 464 961 Op Inc 343 852 757 573 372
Op Inc 75 308 33 114 134 962 86 711 50 078 NetIntPd(Rcvd) 26 83 99 88 73
NetIntPd(Rcvd) 26 994 19 465 13 961 7 035 16 510 Minority Int - 1 - - 1 -
Minority Int 3 395 1 482 178 - 3 735 1 010 Att Inc 232 566 477 361 216
Att Inc 27 741 - 835 85 656 59 361 23 095 TotCompIncLoss 230 565 479 362 217
TotCompIncLoss 34 105 5 987 81 548 56 633 24 739 Fixed Ass 2 034 1 986 1 899 1 845 1 774
Fixed Ass 497 720 487 226 405 060 123 674 104 113 Inv & Loans 17 13 10 9 12
Inv & Loans 33 004 33 340 18 303 42 375 6 481 Tot Curr Ass 3 695 3 333 2 904 2 766 2 511
Tot Curr Ass 255 050 214 088 244 302 267 056 212 167 Ord SH Int 3 727 3 829 3 396 3 023 2 744
Ord SH Int 456 639 432 000 422 806 328 682 266 304 Minority Int 9 10 11 10 9
Minority Int 18 471 29 366 27 699 28 287 10 891 LT Liab 307 368 614 877 966
LT Liab 583 421 527 703 461 105 305 664 301 893 Tot Curr Liab 2 351 1 803 1 529 1 513 1 400
Tot Curr Liab 184 155 153 787 185 267 164 481 144 094 PER SHARE STATISTICS (cents per share)
PER SHARE STATISTICS (cents per share) HEPS-C (ZARc) 88.70 222.20 187.40 137.90 87.90
HEPS-C (ZARc) 129.01 37.52 399.41 262.50 146.60 DPS (ZARc) 29.60 111.10 62.00 45.80 29.10
NAV PS (ZARc) 2 039.00 1 929.00 1 949.00 1 515.00 1 278.00 NAV PS (ZARc) 1 418.48 1 475.24 1 305.70 1 150.55 1 044.31
3 Yr Beta - 0.09 - 0.05 0.32 0.36 0.28 3 Yr Beta 0.65 0.66 0.22 - 0.03 0.14
Price High 1 180 1 150 1 490 1 700 2 298 Price High 2 249 1 875 1 364 1 630 1 408
Price Low 1 125 1 100 988 781 916 Price Low 1 615 989 751 902 1 050
Price Prd End 1 180 1 150 1 102 1 490 1 049 Price Prd End 1 860 1 605 1 100 1 101 1 240
RATIOS RATIOS
Ret on SH Fnd 6.55 0.14 19.04 15.57 8.70 Ret on SH Fnd 12.34 14.72 14.02 11.93 7.86
Oper Pft Mgn 8.62 3.72 15.01 13.03 10.77 Oper Pft Mgn 8.51 10.64 9.59 7.90 6.26
D:E 1.25 1.17 1.07 0.86 1.09 D:E 0.28 0.22 0.28 0.44 0.48
Current Ratio 1.38 1.39 1.32 1.62 1.47 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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