Page 79 - Profile's Stock Exchange Handbook - 2025 Issue 4

Profile’s Stock Exchange Handbook: 2025 - Issue 4 JSE - AFR
African Rainbow Minerals Ltd. TELEPHONE: 011-779-1300
COMPANY SECRETARY: Alyson D’Oyley
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
AUDITORS: Deloitte,KPMG Inc.
BANKERS: ABSA Bank Ltd., FirstRand Bank Ltd., Nedbank Ltd.,
Standard Bank of South Africa Ltd.
SEGMENTAL REPORTING as at 30 Jun 2025 (as a % of Sales)
Ferrous 62.60%
Platinum 31.84%
Coal 5.56%
ISIN: ZAE000054045 SHORT: ARM CODE: ARI CALENDAR Expected Status
REG NO: 1933/004580/06 FOUNDED: 1933 LISTED: 1988 Annual General Meeting Dec 2025 Unconfirmed
Next Interim Results Mar 2026 Unconfirmed
NATURE OF BUSINESS: Next Final Results Sep 2026 Unconfirmed
African Rainbow Minerals (ARM) is a leading South African CAPITAL STRUCTURE Authorised Issued
diversified mining and minerals company with operations ARI Ords 5c ea 500 000 000 208 710 769
in South Africa and Malaysia. ARM mines and beneficiates DISTRIBUTIONS [ZARc]
iron ore, manganese ore, chrome ore, platinum group Ords 5c ea Ldt Pay Amt
metals (PGMs), nickel and coal. It also produces manganese Final No 133 30 Sep 25 6 Oct 25 600.00
alloys and has a strategic investment in gold through Interim No 132 1 Apr 25 7 Apr 25 450.00
Harmony Gold Mining Company Ltd. (Harmony Gold). Final No 131 1 Oct 24 7 Oct 24 900.00
Interim No 130 2 Apr 24 8 Apr 24 600.00
SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--General Mining LIQUIDITY: Sep25 Avg 3m shares p.w., R507.1m(77.4% p.a.)
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025
African Rainbow Minerals & Exploration Investments 43.13% ARM 40 Week MA INDM
ARM Broad-Based Economic Empowerment Trust 7.62% 35000
Government Employees Pension Fund 6.20%
30000
FINANCIAL STATISTICS
(R million) Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 25000
Final Final Final(rst) Final Final
Turnover 13 027 12 921 16 097 18 406 21 457 20000
Op Inc - 567 76 4 953 8 001 11 418 15000
IntPd - 617 - 868 - 582 - 395 - 158
Tax 561 - 96 1 833 2 736 3 333 10000
Minority Int 179 - 850 1 242 1 938 2 846 2021 2022 2023 2024 2025
Att Inc 330 3 146 8 080 12 426 12 626
TotCompIncLoss 5 137 7 447 11 070 14 412 14 204 RECENT ANNOUNCEMENTS
Hline Erngs-CO 2 695 5 080 8 983 11 338 13 064 ARM final results June 2025 - Friday, 05 September
Fixed Ass 17 212 18 153 16 197 9 645 8 268 2025: Revenue for the year rose to R13.0 billion (R12.9
Inv in Assoc 21 394 22 808 23 661 24 193 21 472 billion) with gross loss ending on R190.0 million (profit
Investments 18 633 12 857 6 148 4 104 4 210
Def Tax Asset 921 921 935 215 274 of R877.0 million). Loss from operations before capital
Tot Curr Ass 15 726 15 370 16 466 20 685 18 556 items was R567.0 million (profit of R76.0 million) with
Ord SH Int 55 861 54 006 49 214 46 158 40 194 profit for the year attributable to equity holders of ARM
Non-Cont Int 4 260 4 081 4 931 4 205 3 582 falling to R330.0 million (R3.1 billion). Additionally,
LT Liab 9 683 7 111 6 250 5 510 5 956 headline earnings per share dropped to 1 379c per
Tot Curr Liab 4 521 5 494 3 622 3 298 3 357 share (2 591c per share).
PER SHARE STATISTICS (cents per share) Dividend declaration
EPS (ZARc) 169.00 1 604.00 4 121.00 6 343.00 6 464.00 For F2025, the board approved and declared a final
HEPS-C (ZARc) 1 379.00 2 591.00 4 582.00 5 787.00 6 688.00 dividend of 600 cents per share (gross) (F2024: 900 cents
Pct chng p.a. - 46.8 - 43.5 - 20.8 - 13.5 134.7 per share). The amount to be paid is approximately
Tr 5yr av grwth % 2.0 12.4 22.6 36.7 87.6
DPS (ZARc) 1 050.00 1 500.00 2 600.00 3 200.00 3 000.00 R1 252 million.
Pct chng p.a. - 30.0 - 42.3 - 18.8 6.7 150.0 Company outlook
Tr 5yr av grwth % 13.1 17.6 32.0 46.6 83.0 Global economic growth is projected to improve
NAV PS (ZARc) 26 764.76 24 038.00 21 905.00 20 545.00 17 908.00 slightly for the remainder of 2025 and is projected to
3 Yr Beta 1.36 1.66 1.24 1.83 1.50 reach 3.1% in 2026, according to the International
Price High 24 476 23 998 31 900 30 641 30 725 Monetary Fund (IMF). Softer inflation and improved
Price Low 11 507 14 662 19 100 17 895 16 255 financial conditions are helping to stabilise the growth
Price Prd End 17 207 22 700 19 901 21 375 25 535 momentum, but recovery is uneven across countries.
RATIOS Advanced economies are growing slowly owing to the
Ret on Equity 4.83 9.40 18.30 24.60 32.50 lingering effects of tight monetary policy, while many
ROOA - 1.72 0.20 15.20 26.40 42.60 emerging markets are constrained by debt burdens
Oper Pft Mgn - 4.86 0.70 33.80 47.30 58.10
Net D:E 0.11 0.13 0.12 0.11 0.14 and weak investment. There are significant downside
Int Cover 8.81 22.90 39.80 56.10 58.10 risks, including the possibility that effective tariff rates
Current Ratio 3.48 2.80 4.55 6.27 5.53 could rebound, which would lead to weaker growth.
Div Cover 2.30 2.88 3.82 2.89 3.34 Elevated uncertainty and geopolitical tensions could
NUMBER OF EMPLOYEES: 21 727 also weigh on economic activity and disrupt global
DIRECTORS: Boardman T A (ind ne), Botha A D supply chains.
(ind ne), Kennedy B (ind ne), Mnisi P J (ne), South Africa’s economic outlook is characterised by
Noko D C (ld ind ne), Nqwababa B (ind ne), a mix of modest growth, persistent challenges and
Ramuthaga T G (ind ne), Simelane Dr R V significant risks. The 2025 GDP growth forecast has
(ind ne), Steenkamp P W (ind ne), been revised downwards to around 0.9%, largely
Steenkamp J C (ne), Tobias V P (CEO), attributable to ongoing issues with freight capacity
Mhlanga T T A (FD), Motsepe Dr P T and infrastructure. The South African Reserve Bank has
(Exec Chair), Abbott F (ind ne), Chissano J A Scan the QR code to
(ind ne, Mozambican) visit our website been cautious with its monetary policy, making limited
POSTAL ADDRESS: PO Box 786136, interest rate cuts despite a decline in inflation.
Sandton, 2146
EMAIL: ir.admin@arm.co.za
WEBSITE: www.arm.co.za
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