Page 116 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - FRO Profile’s Stock Exchange Handbook: 2026 - Issue 1
Frontier Transport Holdings Ltd. Gemfields Group Ltd.
ISIN: ZAE000300505 SHORT: FRONTIERT CODE: FTH ISIN: GG00BG0KTL52 SHORT: GEMFIELDS CODE: GML
REG NO: 2015/250356/06 FOUNDED: 2015 LISTED: 2018 REG NO: 47656 FOUNDED: 2007 LISTED: 2008
NATURE OF BUSINESS: The current portfolio is rooted in the NATURE OF BUSINESS: Gemfields is a world-leading responsible
commuter bus and luxury coach segments. Through its principal miner and marketer of coloured gemstones. Gemfields is the
subsidiary Golden Arrow Bus Services, with over 160 years of operator and 75% owner of both the Kagem emerald mine in
proven operational expertise. The company aims to harness the Zambia (believed to be the world’s single largest producing
combined institutional knowledge and skills sets to pursue further emerald mine) and the Montepuez ruby mine in Mozambique
prospects in bus and coach operations and potential entrées into (one of the most significant recently discovered ruby deposits in
freight, rail and logistics operations. the world). In addition, Gemfields also holds controlling interests
SECTOR: ConsDisr--Travel&Leis--Travel&Leis--Travel&Tour in various other gemstone mining and prospecting licences in
NUMBER OF EMPLOYEES: 0 Zambia, Mozambique, Ethiopia and Madagascar.
DIRECTORS: Govender K (ne), Govender L (ld ind ne), Magugu M F SECTOR: Basic Materials--Basic Resrcs--Precious Met & Min--Dia & Gem
(ind ne), Seftel L (ind ne), Watson R D (ind ne), Shaik Y (Chair, ne), NUMBER OF EMPLOYEES: 3 783
Meyer F E (CEO), Gribble U (CFO) DIRECTORS: Daly K (ne), du Preez L J (ne), Mmela K (ld ind ne), Reilly M
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2025 (ind ne, British), Sacco P E (ne), Scott S (ind ne), Cleaver B (Chair, ne),
TIH Prefco (Pty) Ltd. 79.49% Gilbertson S (CEO), Lovett D (CFO, British)
POSTAL ADDRESS: PO Box 115, Cape Town, 8000 MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024
MORE INFO: www.sharedata.co.za/sdo/jse/FTH Assore International Holdings Ltd. 29.14%
COMPANY SECRETARY: HCI Managerial Services (Pty) Ltd. Rational Expectations (Pty) Ltd. 13.82%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Oasis Group Holdings 7.74%
SPONSOR: Investec Bank Ltd. POSTAL ADDRESS: PO Box 186, Royal Chambers, St. Julian’s
AUDITORS: BDO Cape Inc. Avenue, St. Peter Port, Guernsey, Channel Islands, GY1 4HP
CAPITAL STRUCTURE Authorised Issued MORE INFO: www.sharedata.co.za/sdo/jse/GML
FTH Ords no par val 1 000 000 000 295 905 571 COMPANY SECRETARY: Toby Hewitt
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
DISTRIBUTIONS [ZARc] SPONSOR: Investec Bank Ltd.
Ords no par val Ldt Pay Amt AUDITORS: Ernst & Young LLP
Interim No 15 15 Dec 25 22 Dec 25 27.70 CAPITAL STRUCTURE Authorised Issued
Final No 14 17 Jun 25 23 Jun 25 37.20 GML Ords USD0.001c ea - 1 724 230 526
LIQUIDITY: Jan26 Avg 88 227 shares p.w., R601 413.6(1.6% p.a.)
DISTRIBUTIONS [USDc]
Ords USD0.001c ea Ldt Pay Amt
Final No 3 4 Jun 24 24 Jun 24 0.86
Final No 2 24 Apr 23 12 May 23 2.88
LIQUIDITY: Jan26 Avg 2m shares p.w., R2.4m(5.7% p.a.)

FINANCIAL STATISTICS
Sep 25 Mar 25 Mar 24 Mar 23 Mar 22
(R ‘000)
Interim Final Final Final Final
Turnover 1 394 430 3 037 003 2 605 820 2 393 841 2 080 002
Op Inc 215 179 637 976 575 481 458 248 447 798
NetIntPd(Rcvd) 12 296 893 - 33 084 - 19 114 3 905 FINANCIAL STATISTICS Jun 25 Dec 24 Dec 23 Dec 22 Dec 21
Minority Int - 2 460 6 766 4 512 - 30 - 4 422 (USD ‘000)
Final
Final
Final
Final
Att Inc 151 311 380 571 389 940 277 489 261 199 Turnover Interim 212 852 262 019 341 106 257 706
64 200
TotCompInc/Loss 148 851 387 763 397 213 283 292 260 772 Op Inc - 21 255 - 97 953 17 387 116 543 107 634
Fixed Ass 2 139 955 1 879 818 1 682 550 1 577 512 1 588 298
Inv & Loans - - - - 5 882 NetIntPd(Rcvd) 2 405 5 668 818 1 888 3 211
- 4 108
Tot Curr Ass 904 261 857 582 606 420 796 606 699 181 Minority Int - 20 468 - 18 653 7 261 17 489 14 230
Att Inc
56 779
50 733
- 82 143 - 10 090
Ord SH Int 1 672 781 1 626 624 1 381 031 1 546 627 1 426 504 TotCompInc/Loss - 22 443 - 101 516 - 2 405 72 291 65 710
Minority Int 4 587 7 047 525 - 3 857 - 12 651
LT Liab 828 314 643 517 504 350 444 301 491 967 Fixed Ass 347 079 - 338 697 - 356 589 336 765 342 617
32 000
4 000
37 200
Inv & Loans
Tot Curr Liab 591 669 502 810 440 382 423 225 419 490 Tot Curr Ass 185 258 219 487 241 618 328 790 297 570
PER SHARE STATISTICS (cents per share) Ord SH Int 357 235 345 723 438 172 490 509 464 506
HEPS-C (ZARc) 50.77 127.79 132.40 96.07 90.75 Minority Int 52 946 57 054 85 321 90 588 79 695
DPS (ZARc) 27.70 63.10 48.40 57.00 52.00 LT Liab 110 282 106 737 83 108 89 490 109 579
NAV PS (ZARc) 568.37 555.46 474.29 532.23 491.90 Tot Curr Liab 90 635 101 720 91 290 103 538 90 004
3 Yr Beta 0.11 0.30 0.32 0.17 0.41 PER SHARE STATISTICS (cents per share)
Price High 744 850 796 580 600 HEPS-C (ZARc) - 27.60 - 38.49 - 16.59 78.62 69.51
Price Low 601 574 450 408 300
Price Prd End 675 686 645 510 500 DPS (ZARc) - - 15.75 75.18 25.06
RATIOS NAV PS (ZARc) 367.01 559.14 687.33 687.29 633.22
0.21
0.18
3 Yr Beta
- 0.18
0.28
0.05
Ret on SH Fnd 17.75 23.71 28.55 17.98 18.16 Price High 221 360 434 400 330
Oper Pft Mgn 15.43 21.01 22.08 19.14 21.53 Price Low 92 116 285 260 124
D:E 0.58 0.45 0.42 0.35 0.42 Price Prd End 150 154 314 385 304
Current Ratio 1.53 1.71 1.38 1.88 1.67 RATIOS
Div Cover 1.86 2.06 2.77 1.68 1.73
Ret on SH Fnd - 11.98 - 25.03 - 0.54 12.78 11.94
Oper Pft Mgn - 33.11 - 46.02 6.64 34.17 41.77
D:E 0.39 0.40 0.24 0.18 0.25
Current Ratio 2.04 2.16 2.65 3.18 3.31
Div Cover - - - 0.94 1.05 2.54
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