Page 199 - Profile's Stock Exchange Handbook - 2025 Issue 4

Profile’s Stock Exchange Handbook: 2025 - Issue 4 JSE - SPA
RATIOS
The SPAR Group Ltd. 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
Oper Pft Mgn 2.08 2.03 1.72 2.53 2.65
D:E 2.33 2.23 2.51 2.44 2.80
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
ISIN: ZAE000058517 SHORT: SPAR CODE: SPP NUMBER OF EMPLOYEES: 10 512
REG NO: 1967/001572/06 FOUNDED: 1967 LISTED: 2004 DIRECTORS: Botha E C (ind ne), Isaacs M R
(Group CFO), Bosman M J (Chair, ind ne),
NATURE OF BUSINESS: Swartz A P (Group CEO), Pydigadu M (COO),
SPAR is a warehousing and wholesale distribution business, Zinn S A (Dep Chair, ind ne), da Silva P M P
supplying goods and services to independently owned (ind ne), Ighodaro O (ind ne), Jamieson M J
retailers, trading predominantly under the SPAR retail brand. (ind ne), Koyana L M (ind ne), Naran S T (ind ne)
Part of a global organisation, The SPAR Group Ltd is the POPULAR BRAND NAMES: S Buys Pharmacy,
SPAR, SUPERSPAR, KWIKSPAR, SPAR Express,
registered licensee of the SPAR brand in parts of Southern Scan the QR code to TOPS at SPAR, Pharmacy at SPAR, TopCC,
Africa including South Africa and Ireland. The nature of the visit our website SaveMor, Build it, Spar Encore, MACE,XL,
relationship between the company and independently Value Centre, Londis, Maxi
owned stores is one of joint co-operation for the benefit of EMAIL: Maliga.chetty@spar.co.za
the members of this association. SPAR’s primary revenue WEBSITE: thespargroup.com
stream is derived from the provision of goods and services TELEPHONE: 031-002-6165
to its member stores. The financial performance of COMPANY SECRETARY: Maliga Chetty
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
independent retailers does not form part of the company’s SPONSOR: One Capital
financial results. SPAR operates under a ‘voluntary trading AUDITORS: PwC Inc.
model’ whereby retailers may also source goods from local BANKERS: Rand Merchant Bank Ltd.
traders, thereby supporting their local communities. CALENDAR Expected Status
In South Africa, SPAR’s brands include SUPERSPAR, SPAR, Next Final Results Dec 2025 Confirmed
KWIKSPAR, SPAR Express (groceries), TOPS at SPAR (liquor), Annual General Meeting Feb 2026 Unconfirmed
SaveMor, Build it (building materials), SPAR Health and SPAR Next Interim Results Jun 2026 Unconfirmed
Encore (private label procurement). In Ireland its brands CAPITAL STRUCTURE Authorised Issued
include SPAR, Eurospar, MACE, XL, Londis and VALUE CENTRE. SPP Ords of 0.06c ea 250 000 000 192 602 355
The group has a joint venture operation in Sri Lanka. DISTRIBUTIONS [ZARc]
SPAR is part of the SPAR international organisation (with Ords of 0.06c ea Ldt Pay Amt
presence in 48 countries), the world’s leading voluntary Final No 36 6 Dec 22 12 Dec 22 225.00
4 Jul 22
food retail chain and the biggest independent supermarket Interim No 35 28 Jun 22 13 Dec 21 175.00
7 Dec 21
536.00
Final No 34
retail network in the world. This global brand, prides itself on Interim No 33 8 Jun 21 14 Jun 21 280.00
supporting independent retailers, working in partnership to LIQUIDITY: Sep25 Avg 3m shares p.w., R431.8m(93.4% p.a.)
provide a high quality, value for money shopping experience
for the communities it serves. SPAR 40 Week MA FOOR
30000
SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Food
MAJOR ORDINARY SHAREHOLDERS as at 2 Apr 2025 25000
Government Employees Pension Fund 19.88% 20000
M&G Investments 6.94%
Allan Gray 6.91% 15000
FINANCIAL STATISTICS
Mar 25 Sep 24 Sep 23 Sep 22 Sep 21 10000
(R million)
Interim Final Final Final Final 5000
Turnover 65 160 131 014 146 461 135 609 127 941 2021 2022 2023 2024 2025
Op Inc 1 354 1 436 2 517 3 429 3 393
NetIntPd(Rcvd) 362 557 668 385 362 RECENT ANNOUNCEMENTS
Tax 226 472 465 822 809 Wednesday, 01 October 2025: Headline Summary
Minority Int - - 41 68 - 57
Att Inc - 4 258 352 401 2 152 2 266 • The trading environment remained highly competitive
TotCompIncLoss - 4 004 158 1 028 3 069 2 444 during the 51-week period ended 19 September 2025,
Hline Erngs-CO 835 1 726 1 589 2 233 2 304 with increased promotional activity across the markets
Fixed Ass 5 069 9 603 10 378 8 997 8 193 in which we operate.
Inv in Assoc 159 159 150 131 95 • Group sales recorded a noticeable uplift in the second
Inv & Loans 700 791 826 777 700 half with 2.8% growth year-on- year supported by
Def Tax Asset 129 133 219 254 228 improved execution. In contrast, the first half of the
Tot Curr Ass 23 424 26 583 28 295 25 963 23 618 Current Period saw a slight decline in Group sales.
Ord SH Int 6 529 10 374 10 215 9 782 8 202 • The balance sheet has been significantly strengthened
Minority Int - - 7 227 178 through the disposal of SPAR Holding AG (“SPAR
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 Switzerland”).
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 % - - 3.5 - 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
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