Page 206 - Profile's Stock Exchange Handbook - 2025 Issue 4

JSE - TEX Profile’s Stock Exchange Handbook: 2025 - Issue 4
Texton Property Fund Ltd. Tharisa plc

ISIN: ZAE000190542 SHORT: TEX CODE: TEX ISIN: CY0103562118 SHORT: THARISA CODE: THA
REG NO: 2005/019302/06 FOUNDED: 2011 LISTED: 2011 REG NO: HE223412 FOUNDED: 2006 LISTED: 2014
NATURE OF BUSINESS: Texton is a JSE-listed Real Estate Investment NATURE OF BUSINESS: Tharisa is an integrated resource group
Trust (“REIT”) that offers shareholders direct access to its high- critical to the energy transition and decarbonisation of economies.
quality property portfolio. Texton’s portfolio is valued at R2.1 billion It incorporates mining, processing, exploration and the
as at 30 June 2024 (2023: R2.2 billion) and aims to deliver long- beneficiation, marketing, sales, and logistics of Platinum Group
term income and capital growth. Texton is focused on investing in Metals (PGMs) and chrome concentrates, using innovation and
high-quality properties in centralised nodes in both SA and the UK technology as enablers. The Company is committed to reducing
across office, industria its carbon emissions by 30% by 2030 and the development of a
SECTOR: RealEstate--RealEstate--REITS--Office roadmap to become net carbon neutral by 2050.
NUMBER OF EMPLOYEES: 19 SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--General Mining
DIRECTORS: Franco R A (ne), Hannington A J (snr ind ne), NUMBER OF EMPLOYEES: 4 879
van der Vent W C (ind ne), Golding M J A (Chair, ne), Rens J (CEO), DIRECTORS: Bell C (ld ind ne), Chen H (ne), Davey R (ind ne, British),
Welleman H S P (CFO), Macey J (ld ind ne) Lo S W M (ne, China), Salter Dr J D (ld ind ne, British), Zvaravanhu G
MAJOR ORDINARY SHAREHOLDERS as at 14 Feb 2025 (ind ne), Pouroulis L C (Chair), Pouroulis P (CEO), Jones M G (CFO)
Oak Tech Trading (Pty) Ltd. 29.45% MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2024
Thibault REIT Ltd. 22.77% Medway Developments Ltd. 40.75%
Kloof Capital South Africa (Pty) Ltd. 14.30% Rance Holdings Ltd. 12.73%
POSTAL ADDRESS: PO Box 653129, Benmore, 2010 Fujian Wuhang Stainless Steel Co Ltd. 8.84%
MORE INFO: www.sharedata.co.za/sdo/jse/TEX POSTAL ADDRESS: PO Box 62425, Paphos, Cyprus, 8064
COMPANY SECRETARY: CorpStat Governance Services (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/THA
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. COMPANY SECRETARY: Lysandros Lysandrides, Sanet Findlay
SPONSOR: Investec Bank Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
AUDITORS: BDO South Africa Inc. SPONSOR: Investec Bank Ltd.
CAPITAL STRUCTURE Authorised Issued AUDITORS: BDO Cyprus
TEX Ords no par val 2 000 000 000 330 059 664 CAPITAL STRUCTURE Authorised Issued
DISTRIBUTIONS [ZARc] THA Ords USD0.001 10 000 000 000 302 596 743
Ords of no par val Ldt Pay Amt DISTRIBUTIONS [USDc]
Share Premium No 22 24 Oct 25 30 Oct 25 63.74 Ords USD0.001 Ldt Pay Amt
Share Premium No 1 20 May 25 26 May 25 79.87 Interim No 16 10 Jun 25 25 Jun 25 1.50
LIQUIDITY: Oct25 Avg 257 911 shares p.w., R990 679.2(4.1% p.a.) Final No 15 25 Feb 25 12 Mar 25 3.00
LIQUIDITY: Oct25 Avg 392 048 shares p.w., R6.7m(6.7% p.a.)
TEX 40 Week MA REIV
450
THARISA 40 Week MA INDM
400 3500
350
3000
300
250 2500
200
2000
150
100 1500
50
2021 2022 2023 2024 2025
1000
2021 2022 2023 2024 2025
FINANCIAL STATISTICS
Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 FINANCIAL STATISTICS
(R ’000) Final Final Final Final Final (USD ’000) Mar 25 Sep 24 Sep 23 Sep 22 Sep 21
NetRent/InvInc 145 840 158 052 184 905 188 505 286 871 Interim Final Final Final Final
Total Inc 185 650 209 900 225 045 209 340 346 591 Turnover 280 843 721 394 649 893 685 996 596 345
Attrib Inc 149 056 - 55 642 165 231 39 399 160 445 Op Inc 9 441 119 555 94 691 184 549 178 838
TotCompIncLoss 149 720 - 55 642 165 231 39 399 160 445 NetIntPd(Rcvd) 170 3 281 2 329 3 382 3 502
Ord UntHs Int 1 710 281 1 918 794 2 097 014 1 964 371 2 120 078 Minority Int 862 - 253 4 541 13 275 31 072
FixedAss/Prop 1 903 328 2 010 727 2 083 749 2 129 569 2 508 813 Att Inc 7 349 82 895 82 235 153 881 100 469
Tot Curr Ass 139 622 405 588 325 691 161 077 424 180 TotCompIncLoss - 15 385 115 363 73 945 97 407 151 991
Total Ass 2 473 352 2 966 788 3 141 916 3 410 149 3 642 134 Fixed Ass 773 122 784 638 609 694 569 580 380 461
Tot Curr Liab 87 577 891 227 179 752 298 541 148 957 Inv & Loans - - - - 10 274
PER SHARE STATISTICS (cents per share) Tot Curr Ass 347 486 403 973 455 252 375 608 292 689
HEPS-C (ZARc) 0.61 2.52 16.54 30.49 73.26 Ord SH Int 697 353 722 259 615 874 559 026 444 432
DPS (ZARc) 63.74 20.13 19.26 17.00 37.47 Minority Int 56 563 57 323 59 302 61 355 6 842
NAV PS (ZARc) 574.61 625.08 619.37 587.28 588.70 LT Liab 177 112 208 420 205 776 164 544 128 086
3 Yr Beta 0.16 0.09 - 0.04 0.58 0.92 Tot Curr Liab 208 750 219 800 207 092 168 396 124 037
Price Prd End 295 332 250 370 325 PER SHARE STATISTICS (cents per share)
Price High 450 334 375 431 380 HEPS-C (ZARc) 52.78 520.69 514.49 650.20 567.99
Price Low 226 222 180 275 74 DPS (ZARc) 26.84 81.94 95.58 116.33 136.04
RATIOS NAV PS (ZARc) 4 238.16 4 122.18 3 848.75 3 340.10 2 432.23
RetOnSH Funds 8.72 - 2.90 7.88 2.01 7.57 3 Yr Beta 0.96 1.17 1.20 1.51 1.19
RetOnTotAss 7.51 7.07 7.16 5.17 6.83 Price High 1 847 2 099 2 600 3 500 3 270
Debt:Equity 0.41 0.51 0.41 0.57 0.64 Price Low 1 245 1 140 1 670 1 700 1 350
OperRetOnInv 7.66 7.86 8.87 8.85 11.43 Price Prd End 1 509 1 800 1 730 2 075 2 070
OpInc:Turnover 56.11 57.91 61.91 56.57 64.95 RATIOS
Ret on SH Fnd 2.18 10.60 12.85 26.94 29.15
Oper Pft Mgn 3.36 16.57 14.57 26.90 29.99
D:E 0.34 0.34 0.40 0.33 0.32
Current Ratio 1.66 1.84 2.20 2.23 2.36
Div Cover 1.70 6.26 5.21 7.32 4.08
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