Page 138 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - LIG Profile’s Stock Exchange Handbook: 2026 - Issue 1
Lighthouse Properties plc Mahube Infrastructure Ltd.
ISIN: MU0461N00015 SHORT: LIGHTPROP CODE: LTE ISIN: ZAE000290763 SHORT: MAHUBE CODE: MHB
REG NO: C 100848 FOUNDED: 2014 LISTED: 2015 REG NO: 2015/115237/06 FOUNDED: 2015 LISTED: 2015
NATURE OF BUSINESS: Lighthouse Properties plc is domiciled in NATURE OF BUSINESS: Mahube Infrastructure Ltd. was listed on the
Malta and listed on the Main Board of the JSE Ltd., with operations JSE Ltd. in Johannesburg in 2015, as a Special Purpose Acquisition
offices in both Malta and the Netherlands. The Group invests in Company. Trading as GAIA Infrastructure Capital Ltd. at the time,
dominant and defensive malls located in large Western European the company raised R550 million upon listing and most of these
cities with a strong economic underpin and economic growth. A funds were deployed in 2016 during the acquisition of its first
key component of the Group’s strategy is to evolve and adapt malls viable asset, an interest in the Dorper Wind Farm.
to cater for the ever-changing demands of retailers and consumers. SECTOR: Utilities--Utilities--Electricity--AltElectricity
SECTOR: RealEstate--RealEstate--InvestmentServices--Holdings NUMBER OF EMPLOYEES: 0
NUMBER OF EMPLOYEES: 12 DIRECTORS: Kuscus M J (ind ne), May M F (ind ne), Shikwinya M D
DIRECTORS: Bird S I (ind ne), Bodenstein K (ind ne), de Beer D (ne), (ind ne), Tuku S (ind ne), Moseneke G (CEO), Lewis P (CFO)
Doublet A (ind ne, Malta), Hanekom N W (alt), Paris S (ind ne, Malta), MAJOR ORDINARY SHAREHOLDERS as at 1 Oct 2025
Olivier M C (Chair, ind ne, British), Muller J J (CEO), Government Employees Pension Fund 45.23%
Mc Donald E (COO), van Biljon J (CFO) Specialised Listed Infrastructure Equity 34.90%
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024 Bunter Capital (Pty) Ltd. 5.10%
Resilient REIT Ltd. 30.42% POSTAL ADDRESS: Postnet Suite 43, Private Bag X1, Melrose Arch, 2076
Delsa Investments (Pty) Ltd. 16.80% MORE INFO: www.sharedata.co.za/sdo/jse/MHB
Government Employees Pension Fund 10.51% COMPANY SECRETARY: Fusion Corporate Secretarial Services (Pty) Ltd.
POSTAL ADDRESS: 4th Floor, Office 41, Block A, IL-Piazzetta, TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Tower Road, Sliema, Malta, SLM 1605 SPONSOR: Questco Corporate Advisory (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/LTE AUDITORS: BDO South Africa Inc.
COMPANY SECRETARY: Finco Trust Services Ltd. CAPITAL STRUCTURE Authorised Issued
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. MHB Ords no par val 6 000 000 000 55 151 000
SPONSOR: Java Capital (Pty) Ltd.
AUDITORS: PwC Malta DISTRIBUTIONS [ZARc]
CAPITAL STRUCTURE Authorised Issued Ords no par val Ldt Pay Amt
28 Jul 25
LTE Ords no par val 100 000 000 000 2 089 010 218 Final No 16 22 Jul 25 13 Jan 25 15.00
20.00
Interim No 15
7 Jan 25
DISTRIBUTIONS [EURc] LIQUIDITY: Jan26 Avg 93 166 shares p.w., R464 334.4(8.8% p.a.)
Ords no par val Ldt Pay Amt
Interim No 18 2 Sep 25 11 Sep 25 1.31
Final No 17 8 Apr 25 24 Apr 25 1.35
LIQUIDITY: Jan26 Avg 9m shares p.w., R74.4m(22.7% p.a.)
FINANCIAL STATISTICS
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(R ‘000)
Interim Final Final Final Final
Revenue - 8 391 49 767 68 172 - 14 058 78 881
FINANCIAL STATISTICS Op Inc 17 864 33 811 53 071 - 29 449 65 909
Jun 25 Dec 24 Dec 23 Dec 22 Dec 21
(EUR ‘000) NetIntPd(Rcvd) - - - 30 117
Interim Final Final(rst) Final Final(rst) Att Inc 17 864 33 785 52 860 - 29 607 65 592
NetRent/InvInc 69 541 108 214 80 209 77 014 35 729 Fixed Ass 42 54 40 23 90
Total Inc 69 541 111 876 80 209 77 014 35 929 Tot Curr Ass 11 853 17 650 32 029 12 514 52 478
Attrib Inc 29 039 64 942 385 352 25 155 - 46 485 Ord SH Int 565 561 591 697 579 973 546 416 618 489
TotCompInc/Loss 28 575 46 305 403 790 33 951 - 45 453 Tot Curr Liab 1 127 1 032 1 442 957 1 715
Ord UntHs Int 882 079 855 297 760 140 356 920 355 462 PER SHARE STATISTICS (cents per share)
Investments 52 246 - - - 15 555 HEPS-C (ZARc) 32.39 61.26 95.85 - 53.68 118.93
FixedAss/Prop 1 431 788 1 182 935 786 690 778 935 581 927 DPS (ZARc) - 35.00 55.00 45.00 60.00
Tot Curr Ass 112 905 151 034 187 862 39 205 37 533 NAV PS (ZARc) 1 073.00 1 073.00 1 052.00 991.00 1 121.00
Total Ass 1 611 949 1 396 751 1 208 274 840 903 639 060 3 Yr Beta 0.99 0.90 0.71 0.02 - 0.19
Tot Curr Liab 46 788 39 984 121 282 49 741 29 758 Price High 481 500 650 650 650
PER SHARE STATISTICS (cents per share) Price Low 295 365 402 480 450
HEPS-C (ZARc) 28.77 41.44 70.77 33.90 - 34.63 Price Prd End 440 400 421 610 600
DPS (ZARc) 26.84 50.75 55.59 53.36 51.67 RATIOS
NAV PS (ZARc) 888.41 834.36 849.66 463.28 405.83 Ret on SH Fnd 6.32 5.71 9.11 - 5.42 10.61
3 Yr Beta 0.86 0.94 0.86 1.21 1.23 Oper Pft Mgn - 212.89 67.94 77.85 209.48 83.55
Price Prd End 813 803 735 680 900 Current Ratio 10.52 17.10 22.21 13.08 30.60
Price High 883 861 792 994 920 Div Cover - 1.75 1.74 - 1.19 1.98
Price Low 715 715 405 505 600
RATIOS
RetOnSH Funds 6.44 5.38 50.58 8.57 - 11.12
RetOnTotAss 8.90 8.48 7.28 9.16 - 5.47
Debt:Equity 0.75 0.57 0.48 1.00 0.60
OperRetOnInv 9.37 9.15 10.20 9.89 5.98
OpInc:Turnover 100.00 100.00 100.00 100.00 100.00
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