Page 196 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - TEX Profile’s Stock Exchange Handbook: 2026 - Issue 1
Texton Property Fund Ltd. Tharisa plc
ISIN: ZAE000190542 SHORT: TEX CODE: TEX ISIN: CY0103562118 SHORT: THARISA CODE: THA
REG NO: 2005/019302/06 FOUNDED: 2011 LISTED: 2011 REG NO: HE223412 FOUNDED: 2006 LISTED: 2014
NATURE OF BUSINESS: Texton is a JSE-listed Real Estate Investment NATURE OF BUSINESS: Tharisa is an integrated resource group
Trust (“REIT”) that provides shareholders with access to a diversified playing a pivotal role in the global energy transition and the
portfolio of direct and indirect global real estate investments. decarbonisation of economies. Leveraging innovation and
Our portfolio is valued at R1.9 billion as at 30 June 2025 (2024: technology, Tharisa covers the entire value chain – exploration,
R2.1 billion) and aims to deliver long-term income and capital mining, processing, beneficiation, marketing, sales and logistics –
growth. Our core objective is to deliver sustainable, risk-adjusted for platinum group metals (PGMs) and chrome concentrates.
returns to our stakeholders through disciplined capital allocation, SECTOR: Basic Materials--Basic Resrcs--PreciousMet&Min--Plat&PrecMet
strategic asset management, and value driven investments. NUMBER OF EMPLOYEES: 2 825
SECTOR: RealEstate--RealEstate--REITS--Office DIRECTORS: Bell C (ld ind ne), Chen H (ne), Davey R (ind ne, British),
NUMBER OF EMPLOYEES: 20 Lo S W M (ne, China), Salter Dr J D (ld ind ne, British),
DIRECTORS: Franco R A (ne), Hannington A J (snr ind ne), Vergopoulos Dr V (ind ne), Zvaravanhu G (ind ne), Pouroulis L C
van der Vent W C (ind ne), Golding M J A (Chair, ne), Rens J (CEO), (Chair), Pouroulis P (CEO), Jones M G (CFO)
Welleman H S P (CFO), Macey J (ld ind ne) MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2025
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025 Medway Developments Ltd. 41.92%
Oak Tech Trading (Pty) Ltd. 29.45% Rance Holdings Ltd. 13.10%
Thibault REIT Ltd. 19.42% Fujian Wuhang Stainless Steel Co Ltd. 9.09%
Kloof Capital South Africa (Pty) Ltd. 14.30% POSTAL ADDRESS: PO Box 62425, Paphos, Cyprus, 8064
POSTAL ADDRESS: PO Box 653129, Benmore, 2010 MORE INFO: www.sharedata.co.za/sdo/jse/THA
MORE INFO: www.sharedata.co.za/sdo/jse/TEX COMPANY SECRETARY: Lysandros Lysandrides, Sanet Findlay
COMPANY SECRETARY: CorpStat Governance Services (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. SPONSOR: Investec Bank Ltd.
SPONSOR: Investec Bank Ltd. AUDITORS: BDO Cyprus
AUDITORS: BDO South Africa Inc. CAPITAL STRUCTURE Authorised Issued
CAPITAL STRUCTURE Authorised Issued THA Ords USD0.001 10 000 000 000 302 596 743
TEX Ords no par val 2 000 000 000 330 059 664 DISTRIBUTIONS [USDc]
DISTRIBUTIONS [ZARc] Ords USD0.001 Ldt Pay Amt
Ords no par val Ldt Pay Amt Final No 17 24 Feb 26 11 Mar 26 1.50
Share Premium No 22 24 Oct 25 30 Oct 25 63.74 Interim No 16 10 Jun 25 25 Jun 25 1.50
Share Premium No 1 20 May 25 26 May 25 79.87 LIQUIDITY: Jan26 Avg 406 281 shares p.w., R7.2m(7.0% p.a.)
LIQUIDITY: Jan26 Avg 91 436 shares p.w., R323 395.9(1.4% p.a.)

FINANCIAL STATISTICS
FINANCIAL STATISTICS Sep 25 Sep 24 Sep 23 Sep 22 Sep 21
Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 (USD ‘000) Final Final Final Final Final
(R ‘000)
Final Final Final Final Final Turnover 602 911 721 394 649 893 685 996 596 345
NetRent/InvInc 145 840 158 052 184 905 188 505 286 871 Op Inc 125 591 119 555 94 691 184 549 178 838
Total Inc 185 650 209 900 225 045 209 340 346 591 NetIntPd(Rcvd) 1 539 3 281 2 329 3 382 3 502
Attrib Inc 149 056 - 55 642 165 231 39 399 160 445 Minority Int 1 715 - 253 4 541 13 275 31 072
TotCompInc/Loss 149 720 - 55 642 165 231 39 399 160 445 Att Inc 79 134 82 895 82 235 153 881 100 469
Ord UntHs Int 1 710 281 1 918 794 2 097 014 1 964 371 2 120 078 TotCompInc/Loss 84 386 115 363 73 945 97 407 151 991
FixedAss/Prop 1 903 328 2 010 727 2 083 749 2 129 569 2 508 813 Fixed Ass 835 668 784 638 609 694 569 580 380 461
Tot Curr Ass 139 622 405 588 325 691 161 077 424 180 Inv & Loans - - - - 10 274
Total Ass 2 473 352 2 966 788 3 141 916 3 410 149 3 642 134 Tot Curr Ass 374 331 403 973 455 252 375 608 292 689
Tot Curr Liab 87 577 891 227 179 752 298 541 148 957 Ord SH Int 791 720 722 259 615 874 559 026 444 432
PER SHARE STATISTICS (cents per share) Minority Int 56 122 57 323 59 302 61 355 6 842
HEPS-C (ZARc) 0.61 2.52 16.54 30.49 73.26 LT Liab 205 782 208 420 205 776 164 544 128 086
DPS (ZARc) 63.74 20.13 19.26 17.00 37.47 Tot Curr Liab 184 451 219 800 207 092 168 396 124 037
NAV PS (ZARc) 574.61 625.08 619.37 587.28 588.70 PER SHARE STATISTICS (cents per share)
3 Yr Beta 0.16 0.09 - 0.04 0.58 0.92 HEPS-C (ZARc) 496.38 520.69 514.49 650.20 567.99
Price Prd End 295 332 250 370 325 DPS (ZARc) 52.57 81.94 95.58 116.33 136.04
Price High 450 334 375 431 380 NAV PS (ZARc) 4 513.29 4 122.18 3 848.75 3 340.10 2 432.23
Price Low 226 222 180 275 74 3 Yr Beta 1.03 1.17 1.20 1.51 1.19
RATIOS Price High 2 444 2 099 2 600 3 500 3 270
RetOnSH Funds 8.72 - 2.90 7.88 2.01 7.57 Price Low 1 116 1 140 1 670 1 700 1 350
RetOnTotAss 7.51 7.07 7.16 5.17 6.83 Price Prd End 2 420 1 800 1 730 2 075 2 070
Debt:Equity 0.41 0.51 0.41 0.57 0.64 RATIOS
OperRetOnInv 7.66 7.86 8.87 8.85 11.43 Ret on SH Fnd 9.54 10.60 12.85 26.94 29.15
OpInc:Turnover 56.11 57.91 61.91 56.57 64.95 Oper Pft Mgn 20.83 16.57 14.57 26.90 29.99
D:E 0.33 0.34 0.40 0.33 0.32
Current Ratio 2.03 1.84 2.20 2.23 2.36
Div Cover 9.17 6.26 5.21 7.32 4.08

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