Page 174 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - REX Profile’s Stock Exchange Handbook: 2026 - Issue 1
Rex Trueform Group Ltd. RFG Holdings Ltd.
ISIN: ZAE000250395 SHORT: REX TRUE -N- CODE: RTN ISIN: ZAE000191979 SHORT: RFG CODE: RFG
ISIN: ZAE000250387 SHORT: REX TRUE CODE: RTO REG NO: 2012/074392/06 FOUNDED: 2012 LISTED: 2014
REG NO: 1937/009839/06 FOUNDED: 1937 LISTED: 1945 NATURE OF BUSINESS: RFG is a leading producer of convenience
NATURE OF BUSINESS: Rex Trueform was established in Cape Town meal solutions for customers throughout South Africa, sub-Saharan
in 1937 and has been listed on the JSE since 1945. The company Africa and multiple major global markets. RFG was listed on the JSE
has interests in the property, retail, media and broadcasting, Ltd. in 2014. Since the listing the group has invested significant
technology and water infrastructure sectors. capital and concluded several acquisitions to expand and diversify
SECTOR: ConsDiscr--Retail--Retailers--ApparelRetailers its offering into high growth product categories. From its heritage
NUMBER OF EMPLOYEES: 0 in canned fruits and jams, RFG diversified from the single Rhodes
DIRECTORS: Lloyd C, Molosiwa M R (ind ne), Ntshingwa B (ind ne), brand into a multi-brand food producer offering a diversified range
Roberts H B (ind ne), Naylor P M (Chair, ind ne), Golding M J A of trusted, market-leading brands including Rhodes, Bull Brand,
(CEO), White K (FD) Squish, Hinds, Magpie, Today and Mama’s.
MAJOR ORDINARY SHAREHOLDERS as at 1 Sep 2025 SECTOR: CnsStp--FoodBev&Tob--Food Producers--Food Products
African & Overseas Enterprises Ltd. 49.46% NUMBER OF EMPLOYEES: 3 649
Geomer Investments (Pty) Ltd. 20.73% DIRECTORS: Angamia Z R (ne), Blok T (ind ne), Maitisa S (ind ne),
Ceejay Trust 16.62% Naidoo S (ind ne), Njobe B (ind ne), Willis G J H (ne), Muthien Dr Y G
POSTAL ADDRESS: PO Box 1856, Cape Town, 8000 (Chair, ind ne), Hanekom P (CEO), Schoombie C C (CFO)
MORE INFO: www.sharedata.co.za/sdo/jse/RTO MAJOR ORDINARY SHAREHOLDERS as at 23 Oct 2025
COMPANY SECRETARY: Anita Gihwala Capitalworks Private Equity GP (Pty) Ltd. 37.30%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Foord Asset Management (Pty) Ltd. 11.60%
SPONSOR: Java Capital (Pty) Ltd. Old Mutual 9.70%
AUDITORS: Forvis Mazars POSTAL ADDRESS: Private Bag X3040, Paarl, 7620
CAPITAL STRUCTURE Authorised Issued MORE INFO: www.sharedata.co.za/sdo/jse/RFG
RTN N ords no par val 120 000 000 21 682 559 COMPANY SECRETARY: CIS Company Secretaries (Pty) Ltd.
RTO Ords no par val 26 000 000 3 763 017 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
DISTRIBUTIONS [ZARc] AUDITORS: Ernst & Young Inc.
N ords no par val Ldt Pay Amt CAPITAL STRUCTURE Authorised Issued
Final No 21 6 Dec 16 12 Dec 16 27.00 RFG Ords no par val 1 800 000 000 262 762 018
Final No 20 4 Dec 15 14 Dec 15 61.00
LIQUIDITY: Jan26 Avg 235 shares p.w., R2 738.7(0.3% p.a.) DISTRIBUTIONS [ZARc]
Ords no par val Ldt Pay Amt
Final No 12 20 Jan 26 26 Jan 26 70.00
Interim No 11 1 Jul 25 7 Jul 25 29.60
LIQUIDITY: Jan26 Avg 2m shares p.w., R37.2m(36.2% p.a.)

FINANCIAL STATISTICS
Jun 25 Jun 24 Jun 23 Jun 22 Jun 21
(R ‘000)
Final Final(rst) Final Final(rst) Final
Turnover 873 641 890 578 899 284 665 668 464 961
Op Inc 75 308 33 114 134 962 86 711 50 078 FINANCIAL STATISTICS
NetIntPd(Rcvd) 26 994 19 465 13 961 7 035 16 510 (R million) Sep 25 Sep 24 Oct 23 Oct 22 Sep 21
Minority Int 3 395 1 482 178 - 3 735 1 010 Final Final Final Final Final
Att Inc 27 741 - 835 85 656 59 361 23 095 Turnover 8 138 8 006 7 887 7 255 5 950
TotCompInc/Loss 34 105 5 987 81 548 56 633 24 739 Op Inc 673 852 757 573 372
Fixed Ass 497 720 487 226 405 060 123 674 104 113 NetIntPd(Rcvd) 67 83 99 88 73
Inv & Loans 33 004 33 340 18 303 42 375 6 481 Minority Int - - - 1 -
Tot Curr Ass 255 050 214 088 244 302 267 056 212 167 Att Inc 445 566 477 361 216
Ord SH Int 456 639 432 000 422 806 328 682 266 304 TotCompInc/Loss 445 565 479 362 217
Minority Int 18 471 29 366 27 699 28 287 10 891 Fixed Ass 2 012 1 986 1 899 1 845 1 774
LT Liab 583 421 527 703 461 105 305 664 301 893 Inv & Loans 11 13 10 9 12
Tot Curr Liab 184 155 153 787 185 267 164 481 144 094 Tot Curr Ass 3 314 3 333 2 904 2 766 2 511
PER SHARE STATISTICS (cents per share) Ord SH Int 3 890 3 829 3 396 3 023 2 744
11
10
10
10
HEPS-C (ZARc) 129.01 37.52 399.41 262.50 146.60 Minority Int 381 368 614 877 966 9
LT Liab
NAV PS (ZARc) 2 039.00 1 929.00 1 949.00 1 515.00 1 278.00 Tot Curr Liab 1 761 1 803 1 529 1 513 1 400
3 Yr Beta - 0.09 - 0.05 0.32 0.36 0.28
Price High 1 180 1 150 1 490 1 700 2 298 PER SHARE STATISTICS (cents per share)
Price Low 1 125 1 100 988 781 916 HEPS-C (ZARc) 199.20 222.20 187.40 137.90 87.90
Price Prd End 1 180 1 150 1 102 1 490 1 049 DPS (ZARc) 99.60 111.10 62.00 45.80 29.10
RATIOS NAV PS (ZARc) 1 480.45 1 475.24 1 305.70 1 150.55 1 044.31
0.22
0.63
- 0.03
0.14
3 Yr Beta
0.66
Ret on SH Fnd 6.55 0.14 19.04 15.57 8.70 Price High 2 249 1 875 1 364 1 630 1 408
Oper Pft Mgn 8.62 3.72 15.01 13.03 10.77 Price Low 1 365 989 751 902 1 050
D:E 1.25 1.17 1.07 0.86 1.09 Price Prd End 1 695 1 605 1 100 1 101 1 240
Current Ratio 1.38 1.39 1.32 1.62 1.47
RATIOS
Ret on SH Fnd 11.41 14.72 14.02 11.93 7.86
Oper Pft Mgn 8.27 10.64 9.59 7.90 6.26
D:E 0.21 0.22 0.28 0.44 0.48
Current Ratio 1.88 1.85 1.90 1.83 1.79
Div Cover 1.71 1.96 2.95 3.01 2.84
172