Page 76 - Profile's Stock Exchange Handbook - 2025 Issue 4

JSE - AEC Profile’s Stock Exchange Handbook: 2025 - Issue 4
AECI Ltd. Afine Investments Ltd.

ISIN: ZAE000000220 ISIN: ZAE000303947 SHORT: AFINE CODE: ANI
SHORT: AECI CODE: AFE REG NO: 2020/852422/06 FOUNDED: 2020 LISTED: 2021
ISIN: ZAE000000238 NATURE OF BUSINESS: The Company is a property entity, managed
SHORT: AECI 5.5%P CODE: AFEP by its Board, which will be a REIT once listed on the JSE, and holds
REG NO: 1924/002590/06 a portfolio of income generating immovable properties focused
FOUNDED: 1924 LISTED: 1966 primarily in the petroleum sector, strategically located in four of
NATURE OF BUSINESS: AECI provides products and services to South Africa’s nine provinces.
diverse customers across a strategic footprint in 22 countries on 6 SECTOR: RealEstate--RealEstate--REITS--Specialty
continents – Africa, Europe, Asia’s South Eastern region, Australia, NUMBER OF EMPLOYEES: 0
North America and South America. DIRECTORS: du Preez G (ne), Kohler D (ld ind ne), Loubser J T (Acting CEO),
SECTOR: Basic Materials--Chemicals--Chemicals--Chemicals:Diversified Watters M J (Chair, ind ne), Loubser J T (CFO)
NUMBER OF EMPLOYEES: 7 189 MAJOR ORDINARY SHAREHOLDERS as at 27 Feb 2025
DIRECTORS: Coetzer S (ind ne), Dawson S (ind ne), De Buck F F T Black Gold Trust 8.21%
(ind ne), Dissinger W (ind ne), Mawasha B (ind ne), Mishic O’Brien P Petroland Group (Pty) Ltd. 6.22%
(ind ne), Moholi N T (ind ne), Ndlovu J (ind ne), Roets M (ind ne), Terra Optimus (Pty) Ltd. 5.56%
Riemensperger H (Group CE), Sibiya P G (Chair, ind ne), Kramer I (CFO) POSTAL ADDRESS: Unit 4602, Greenways, Strand, 7140
MAJOR ORDINARY SHAREHOLDERS as at 02 Sep 2025 MORE INFO: www.sharedata.co.za/sdo/jse/ANI
Public Investment Corporation SOC Ltd. 18.36% COMPANY SECRETARY: Sonmari Vosloo
PSG Asset Management 8.77% TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
Truffle Asset Management (Pty) Ltd. 7.55% SPONSOR: AcaciaCap Advisors (Pty) Ltd.
POSTAL ADDRESS: Private Bag X21, Gallo Manor, 2052 AUDITORS: PKF (Pretoria) Inc.
EMAIL: groupcommunications@aeciworld.com CAPITAL STRUCTURE Authorised Issued
WEBSITE: www.aeciworld.com ANI Ords no par val 1 000 000 000 72 536 585
TELEPHONE: 011-806-8700
COMPANY SECRETARY: Cheryl Singh DISTRIBUTIONS [ZARc]
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Ords no par val Ldt Pay Amt
SPONSOR: Questco (Pty) Ltd. Final No 7 17 Jun 25 23 Jun 25 22.30
AUDITORS: Deloitte & Touche Inc. Interim No 6 3 Dec 24 9 Dec 24 20.50
CAPITAL STRUCTURE Authorised Issued LIQUIDITY: Oct25 Avg 15 926 shares p.w., R77 238.7(1.1% p.a.)
AFE Ords 100c ea 180 000 000 105 517 780
AFEP Prefs 200c ea 3 000 000 3 000 000 AFINE 40 Week MA REIV 900
DISTRIBUTIONS [ZARc] 800
Ords 100c ea Ldt Pay Amt 700
Interim No 182 26 Aug 25 1 Sep 25 100.00
Final No 181 8 Apr 25 14 Apr 25 219.00 600
500
LIQUIDITY: Sep25 Avg 2m shares p.w., R155.1m(79.0% p.a.)
400
AECI 40 Week MA CHES 300
30000
200
25000 2022 2023 2024 2025
20000
FINANCIAL STATISTICS
15000 Feb 25 Feb 24 Feb 23 Feb 22
(R ‘000)
10000 Final Final Final Final
NetRent/InvInc 42 328 38 982 37 714 28 375
5000
Total Inc 42 336 39 086 37 905 28 657
0 Attrib Inc 69 773 68 694 32 045 239 398
2021 2022 2023 2024 2025
TotCompIncLoss 69 773 53 780 32 045 239 398
FINANCIAL STATISTICS Ord UntHs Int 334 359 294 327 262 658 227 404
Jun 25 Dec 24 Dec 23 Dec 22 Dec 21 FixedAss/Prop 410 983 371 763 337 296 281 517
(R million) Tot Curr Ass 8 767 10 328 10 442 7 969
Interim Final Final(rst) Final Final
Turnover 15 689 33 598 34 942 35 583 26 053 Total Ass 444 867 408 194 374 089 309 660
Op Inc 699 1 544 2 444 2 047 2 052 Tot Curr Liab 6 041 18 686 17 172 13 315
NetIntPd(Rcvd) 182 521 504 314 207 PER SHARE STATISTICS (cents per share)
Tax - 220 - 747 872 803 642 HEPLU-C (ZARc) 42.12 37.62 38.79 46.23
Minority Int - 21 24 2 26 20
Att Inc 310 - 283 1 174 927 1 187 DPLU (ZARc) 41.00 41.10 39.90 27.80
TotCompIncLoss - 61 - 188 1 273 1 020 1 539 NAV (ZARc) 461.00 406.00 362.10 355.32
Hline Erngs-CO 604 755 1 200 1 358 1 178 3 Yr Beta 0.28 - - -
Fixed Ass 5 843 6 143 6 933 6 218 5 882 Price Prd End 386 500 460 435
Inv in Assoc 134 141 150 133 122 Price High 500 500 65 000 435
Inv & Loans 271 233 169 354 372 Price Low 380 300 375 370
Def Tax Asset 196 194 189 106 215
Tot Curr Ass 14 445 16 067 16 180 17 292 13 201 RATIOS
Ord SH Int 11 641 11 901 12 244 11 635 11 417 RetOnSH Funds 20.87 23.34 12.20 105.27
Minority Int 122 163 161 181 166 RetOnTotAss 9.52 9.58 10.13 9.25
LT Liab 5 484 6 028 6 485 2 250 4 712 Debt:Equity 0.32 0.38 0.41 0.35
Tot Curr Liab 6 553 8 776 9 046 14 354 7 877 OperRetOnInv 10.30 10.49 11.18 10.08
PER SHARE STATISTICS (cents per share) OpInc:Turnover 88.05 87.06 87.12 84.46
EPS (ZARc) 294.00 - 268.00 1 112.00 878.00 1 125.00
HEPS-C (ZARc) 604.00 716.00 1 137.00 1 287.00 1 116.00
DPS (ZARc) 100.00 219.00 219.00 774.00 685.00
NAV PS (ZARc) 11 034.00 11 137.00 11 603.73 11 027.00 10 384.00
3 Yr Beta - 0.04 0.12 0.09 0.76 0.80
RATIOS
Ret on SH Fnd 4.91 - 2.15 9.48 8.06 10.42
Ret On Tot Ass 4.74 4.16 8.00 6.98 8.87
Oper Pft Mgn 4.46 4.60 6.99 5.75 7.88
D:E 0.52 0.57 0.59 0.72 0.51
Int Cover 3.84 2.96 4.85 6.52 9.91
Current Ratio 2.20 1.83 1.79 1.20 1.68
Div Cover 2.94 - 1.22 5.08 1.13 1.64
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