Page 32 - Profile's Stock Exchange Handbook - 2026 Issue 1

NSX - SBN Profile’s Stock Exchange Handbook: 2026 - Issue 1
SBN Holdings Ltd. Stimulus Investments Ltd.
ISIN: NA000A2PQ3N5 SHORT: SBN HOLDINGS CODE: SNO ISIN: NA000A1JN0Z7 SHORT: STIMULUS CODE: SILP
REG NO: 2006/306 FOUNDED: 1915 LISTED: 2019 REG NO: 2004/482 FOUNDED: 2004 LISTED: 2004
NATURE OF BUSINESS: Incorporated on 25 July 2006, SBN NATURE OF BUSINESS: Stimulus Investments Ltd. focuses on
Holdings is the holding company of Standard Bank Namibia, acquiring investments in established, high cash generating
one of the leading financial services institutions in Namibia. The businesses in Namibia, which require empowerment credentials,
establishment of SBN Holdings provided Standard Bank Namibia whilst also targeting more traditional private equity opportunities
with the benefit of a dedicated holding company strengthening in promising businesses with potential to deliver superior returns.
the Bank’s operational oversight, leadership, governance and The company was funded by issuing preference shares to the market
regulatory compliance. SBN Holdings supervises and oversees through the Namibia Securities Exchange (NSX). The company’s
the execution of the Bank’s strategy, values and vision through a returns are allocated between the preference shareholders and
single board of directors. Furthermore, the establishment of SBN ordinary shareholders, based on a private equity principle, whereby
Holdings to act as the primary listed entity serves to demonstrate the preference shareholders are allocated 80% of the returns and the
the Bank’s commitment to the transformation objectives of the ordinary shareholders 20%, subject to the preference shareholders
NFSC aimed at diversifying the financial services sector. achieving a specified hurdle return. If the company returns are
SECTOR: Fins--Banks--Banks--Banks below the hurdle rate, all returns are allocated to the preference
NUMBER OF EMPLOYEES: 1 700 shareholders. The company operates principally in Namibia.
DIRECTORS: Hornung S (ne), Kanime A (ind ne), Kasete Z K (ind ne), SECTOR: Add--Debt--Preference Shares--Pref Shares
Madonsela S, Mwatotele J S (ind ne), Riedel J G (ind ne), Schlebusch P NUMBER OF EMPLOYEES: 0
(ne), Siphiwe Themba Bruce Madonsela S T B (ne), Tjipitua N A (ind ne), DIRECTORS: Geingos M (ne), Mcleod E I (ind ne), Okafor C (ind ne),
Lucas N (Acting CEO), Tjombonde I H (Chair, ind ne), Tjipuka E (CEO), Koep P F (Chair, ind ne, Namibia), Mwatotele J S (CEO)
Matenda A T (CFO) POSTAL ADDRESS: PO Box 97438, Windhoek, Namibia
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024 MORE INFO: www.sharedata.co.za/sdo/jse/SILP
Standard Bank Group Ltd. 74.90% COMPANY SECRETARY: MMM Consultancy CC
POSTAL ADDRESS: PO Box 3327, Windhoek, Namibia TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/SNO CAPITAL STRUCTURE Authorised Issued
COMPANY SECRETARY: Sigrid Tjijorokisa SILP Pref shares - 4 650 786
TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd.
SPONSOR: IJG Securities (Pty) Ltd.
AUDITORS: PwC Inc.
CAPITAL STRUCTURE Authorised Issued
SNO Ords 0.2c ea 800 000 000 522 471 910
DISTRIBUTIONS [NADc]
Ords 0.2c ea Ldt Pay Amt
Interim No 12 5 Sep 25 26 Sep 25 64.00
Final No 11 30 Apr 25 23 May 25 70.00
LIQUIDITY: Jan26 Avg 87 329 shares p.w., R929 360.4(0.9% p.a.)
FINANCIAL STATISTICS
Feb 25 Feb 24 Feb 23 Feb 22 Feb 21
(NAD ‘000)
Final Final Final Final Final
Turnover 25 088 29 708 17 373 19 566 21 291
Op Inc 108 925 76 792 84 377 10 710 1 318
NetIntPd(Rcvd) 59 270 76 797 84 359 10 686 28 478
Att Inc 49 755 - - - - 27 186
TotCompInc/Loss 49 755 - - - - 27 186
Inv & Loans 626 419 503 690 467 492 601 358 598 361
Tot Curr Ass 32 263 50 769 40 992 47 423 47 360
Ord SH Int 49 756 1 1 1 1
FINANCIAL STATISTICS LT Liab 755 638 707 707 647 144 - -
Jun 25 Dec 24 Dec 23 Dec 22 Dec 21
(NAD million) Tot Curr Liab 13 166 18 713 3 955 9 729 9 630
Interim Final Final(rst) Final Final(rst) PER SHARE STATISTICS (cents per share)
Interest Rcvd 1 052 2 067 1 800 1 445 1 229 DPS (ZARc) 283.00 402.00 1 692.00 200.00 207.00
Operating Inc 841 1 632 1 279 1 049 851 NAV PS (ZARc) 16 531.00 15 619.00 13 991.00 13 940.00 13 884.00
Minority Int - 3 3 - - 3 Yr Beta - - - - 0.03 - 0.03
Attrib Inc 556 1 050 766 624 365 Price High 12 801 12 790 12 790 12 790 12 791
TotCompInc/Loss 557 1 062 765 628 366 Price Low 12 790 12 790 12 790 12 790 12 780
Ord SH Int 5 660 5 470 5 069 4 767 4 115 Price Prd End 12 801 12 790 12 790 12 790 12 790
Dep & OtherAcc 31 225 34 003 30 209 27 353 28 256 RATIOS
Liabilities 34 676 37 502 33 582 30 892 30 981 Ret on SH Fnd 100.00 - - - - 4.27
Inv & Trad Sec 9 534 9 005 7 599 5 398 6 290 Oper Pft Mgn 434.17 258.49 485.68 54.74 6.19
Adv & Loans 26 627 27 633 26 954 25 969 25 382 D:E 15.19 707 707.00 647 144.00 - -
ST Dep & Cash 923 3 693 1 675 1 673 1 488 Current Ratio 2.45 2.71 10.36 4.87 4.92
Total Assets 40 358 42 993 38 670 35 675 35 319 Div Cover 3.78 - - - - 2.82
PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) 106.00 203.00 150.00 119.00 71.00
DPS (ZARc) 64.00 138.00 100.00 66.00 31.00
NAV PS (ZARc) 1 083.00 1 047.00 970.00 912.00 841.00
3 Yr Beta - 0.50 - 0.41 - 0.48 - 0.14 -
Price Prd End 1 055 908 845 441 613
Price High 1 055 955 890 613 800
Price Low 907 761 441 399 550 This publication is also
RATIOS
Ret on SH Fund 19.60 19.17 15.13 13.05 8.44 available online
RetOnTotalAss 4.21 3.83 3.31 2.98 2.41
Interest Mgn 0.05 0.05 0.05 0.04 0.03 Visit www.profile.co.za/SHB
LiquidFnds:Dep 0.03 0.11 0.06 0.06 0.05
or scan the QR code to read the ebook
30