Page 197 - Profile's Stock Exchange Handbook - 2026 Issue 1

Profile’s Stock Exchange Handbook: 2026 - Issue 1 JSE - THU
Thungela Resources Ltd. Tiger Brands Ltd.
ISIN: ZAE000296554 SHORT: THUNGELA CODE: TGA ISIN: ZAE000071080 SHORT: TIGBRANDS CODE: TBS
REG NO: 2021/303811/06 FOUNDED: 2020 LISTED: 2021 REG NO: 1944/017881/06 FOUNDED: 1921 LISTED: 1944
NATURE OF BUSINESS: Thungela, which means ‘to ignite’ in isiZulu, NATURE OF BUSINESS: Tiger Brands’ primary business is providing
is a global pure-play producer and exporter of high-quality, everyday food, beverages, and essential home and personal care
cost-competitive thermal coal, with operations in South Africa products to markets in Southern Africa. Tiger Brands also export to
and Australia. Thungela’s quality coal reserves and marketable large and growing markets across the rest of the African continent.
production, positions Thungela as a key player in the global energy Tiger Brands targets best-in class profitability, underpinned by a
market as it delivers coal through world-class ports, powering cost leadership culture and a strong commitment to sustainable
nations.The Group owns interests in and produces its thermal coal agricultural sourcing.
from six mining operations located in Mpumalanga, South Africa, SECTOR: CnsStp--FoodBev&Tob--Food Producers--Food Products
which consist of both underground and opencast mines, namely NUMBER OF EMPLOYEES: 9 927
Goedehoop, Greenside, Isibonelo, Khwezela, Zibulo and Mafube. DIRECTORS: Braeken F (ld ind ne, Belgium), Mashilwane E (ind ne),
Thungela disposed of its controlling interest in the Rietvlei Colliery Sello Adv M (ind ne), Sithole S (ne), Swartz L (ind ne), Weber O M
on 30 November 2024. (ind ne), Wilson D G (ind ne), Fraser-Moleketi G J (Chair, ind ne),
SECTOR: Energy--Energy--OilGas&Coal--Coal Kruger T N (CEO), Govender T (CFO)
NUMBER OF EMPLOYEES: 4 754 MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2025
DIRECTORS: French S G (ind ne), Jekwa Dr N Y (ind ne), Kodisang B M Government Employees Pension Fund 16.74%
(ld ind ne), McKeith T D (ind ne), Mzondeki K (ind ne), Ntsaluba S S Silchester International Investors LLP 7.56%
(Chair, ind ne), Moses M (CEO), Ndlovu J (CEO), Smith D (CFO) Allan Gray Balanced Fund 4.12%
MAJOR ORDINARY SHAREHOLDERS as at 17 Dec 2025 POSTAL ADDRESS: PO Box 78056, Sandton, 2146
Public Investment Corporation (SOC) Ltd. 11.40% MORE INFO: www.sharedata.co.za/sdo/jse/TBS
Allan Gray (Pty) Ltd. 10.02% COMPANY SECRETARY: Kgosi Monaisa
Anglo American 7.96% TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
POSTAL ADDRESS: PO Box 1521, Saxonwold, 2132 SPONSOR: JP Morgan Equities South Africa Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/TGA AUDITORS: Deloitte & Touche Inc.
COMPANY SECRETARY: Altovise Alaxa Ellis CAPITAL STRUCTURE Authorised Issued
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. TBS Ords 10c ea 250 000 000 170 118 624
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA))
AUDITORS: PwC Inc. DISTRIBUTIONS [ZARc]
CAPITAL STRUCTURE Authorised Issued Ords 10c ea Ldt Pay Amt
TGA Ords no par val 10 000 000 000 140 492 585 Final No 160 13 Jan 26 19 Jan 26 1229.00
19 Jan 26
2710.00
Special No 4
13 Jan 26
DISTRIBUTIONS [ZARc] LIQUIDITY: Jan26 Avg 3m shares p.w., R830.1m(82.8% p.a.)
Ords no par val Ldt Pay Amt
Interim No 8 16 Sep 25 22 Sep 25 200.00
Final No 7 22 Apr 25 29 Apr 25 1100.00
LIQUIDITY: Jan26 Avg 4m shares p.w., R344.1m(130.6% p.a.)
FINANCIAL STATISTICS
Sep 25 Sep 24 Sep 23 Sep 22 Sep 21
(R million)
Final Final(rst) Final(rst) Final(rst) Final(rst)
Turnover 34 392 33 494 37 389 34 029 30 954
FINANCIAL STATISTICS Op Inc 3 832 2 838 3 075 3 415 2 081
Jun 25 Dec 24 Dec 23 Dec 22 Dec 21
(R million) NetIntPd(Rcvd) - 65 287 220 52 36
Interim Final Final Final Final Minority Int 34 29 37 31 29
Turnover 14 813 35 554 30 634 50 753 26 282 Att Inc 3 817 2 983 2 697 2 865 1 893
Op Inc - 580 4 404 6 897 28 333 8 538 TotCompInc/Loss 3 935 2 718 3 146 2 802 1 592
NetIntPd(Rcvd) - 1 302 - 894 - 696 - 49 - Fixed Ass 5 946 5 782 5 841 5 817 5 572
Minority Int - 6 - 48 - 192 1 217 509 Inv & Loans 465 559 581 2 987 3 047
Att Inc 254 3 592 5 162 16 988 6 429 Tot Curr Ass 15 088 13 423 13 037 12 196 11 198
TotCompInc/Loss 225 3 164 5 141 18 261 6 896 Ord SH Int 16 984 18 210 17 341 15 609 15 613
Fixed Ass 20 700 19 722 19 477 10 656 10 568 Minority Int 255 217 201 142 147
Inv & Loans 4 048 3 748 2 499 1 981 323 LT Liab 743 891 1 739 890 1 146
Tot Curr Ass 15 738 18 777 19 642 23 798 16 374 Tot Curr Liab 8 626 7 305 6 724 7 436 5 984
Ord SH Int 23 805 25 560 24 609 26 273 16 573 PER SHARE STATISTICS (cents per share)
Minority Int 545 544 - 13 - 114 1 901 HEPS-C (ZARc) 2 141.00 1 631.00 1 734.70 1 702.40 1 127.30
LT Liab 14 359 13 775 13 203 9 067 8 550 DPS (ZARc) 5 570.00 1 034.00 991.00 973.00 826.00
Tot Curr Liab 8 382 8 198 8 687 5 349 4 261 NAV PS (ZARc) 9 712.28 10 098.27 9 616.37 8 655.84 8 225.42
PER SHARE STATISTICS (cents per share) 3 Yr Beta 0.34 0.39 0.24 0.02 0.04
HEPS-C (ZARc) 192.00 2 559.00 3 497.00 13 082.00 6 657.00 Price High 34 833 24 995 22 958 19 934 22 873
DPS (ZARc) 200.00 1 300.00 2 000.00 10 000.00 1 800.00 Price Low 23 180 13 676 14 754 13 427 17 550
NAV PS (ZARc) 16 943.95 18 193.13 17 516.23 18 700.63 12 158.15 Price Prd End 30 876 23 300 15 345 16 944 18 727
3 Yr Beta - 0.22 - 0.33 - - - RATIOS
Price High 14 081 15 682 28 666 38 249 10 246 Ret on SH Fnd 22.34 16.35 15.58 18.38 12.19
Price Low 8 241 10 020 12 350 8 340 2 066 Oper Pft Mgn 11.14 8.47 8.22 10.03 6.72
Price Prd End 8 479 13 369 15 380 28 666 8 454 D:E 0.05 0.10 0.15 0.13 0.08
RATIOS Current Ratio 1.75 1.84 1.94 1.64 1.87
Ret on SH Fnd 2.04 13.58 20.21 69.59 37.56 Div Cover 0.45 1.85 1.74 1.81 1.38
Oper Pft Mgn - 3.92 12.39 22.51 55.83 32.49
D:E 0.59 0.53 0.54 0.35 0.47
Current Ratio 1.88 2.29 2.26 4.45 3.84
Div Cover 0.97 2.06 1.88 1.27 3.39
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