Page 85 - Profile's Stock Exchange Handbook - 2026 Issue 1

Profile’s Stock Exchange Handbook: 2026 - Issue 1 JSE - AVI
AVI Ltd. Balwin Properties Ltd.
ISIN: ZAE000049433 SHORT: A-V-I CODE: AVI ISIN: ZAE000209532 SHORT: BALWIN CODE: BWN
REG NO: 1944/017201/06 FOUNDED: 1944 LISTED: 1944 REG NO: 2003/028851/06 FOUNDED: 2003 LISTED: 2015
NATURE OF BUSINESS: AVI is a South African based company NATURE OF BUSINESS: Balwin is South Africa’s leading residential
focusing on the branded consumer products industry. Its key property developer of large-scale, sectional title estates with a
competencies are the marketing, processing and manufacturing of focus on high-quality, environmentally efficient and affordable
food, beverages, footwear and cosmetics. apartments with an innovative lifestyle offering for residents.
SECTOR: CnsStp--FoodBev&Tob--Food Producers--Food Products SECTOR: RealEstate--RealEstate--InvestmentServices--Holdings
NUMBER OF EMPLOYEES: 8 937 NUMBER OF EMPLOYEES: 0
DIRECTORS: Davies V (ind ne), Koursaris M, Mouyeme M (ne), Muller A DIRECTORS: Amosun T (ind ne), Kukama R K (ne), Mokgosi-Mwantembe T
(ind ne), Robinson S G (ind ne), Watters M J (ind ne), Crutchley S L (ind ne), Moloko K R (ind ne), Scher J H (ind ne), Shapiro A J (ind ne),
(CEO), O’Meara J C (CFO) Saven H (Chair, ind ne), Brookes S V (CEO), Bigham J (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 15 Jul 2025 MAJOR ORDINARY SHAREHOLDERS as at 4 Apr 2025
Government Employees Pension Fund 20.75% Brookes S V 33.07%
Allan Gray 4.44% Gray R N 9.29%
Aikya Investment Management Ltd. 4.10% Tatovect (Pty) Ltd. 9.09%
POSTAL ADDRESS: PO Box 1897, Saxonwold, 2132 POSTAL ADDRESS: Private Bag X4, Gardenview, Johannesburg, 2047
MORE INFO: www.sharedata.co.za/sdo/jse/AVI MORE INFO: www.sharedata.co.za/sdo/jse/BWN
COMPANY SECRETARY: Vivien Crystal COMPANY SECRETARY: Fluidrock Co Sec (Pty) Ltd.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: The Standard Bank of South Africa Ltd. SPONSOR: Investec Bank Ltd.
AUDITORS: Ernst & Young Inc. AUDITORS: BDO South Africa Inc.
CAPITAL STRUCTURE Authorised Issued CAPITAL STRUCTURE Authorised Issued
AVI Ords 5c ea 960 000 000 341 499 966 BWN Ords no par val 1 000 000 000 519 411 852
DISTRIBUTIONS [ZARc] DISTRIBUTIONS [ZARc]
Ords 5c ea Ldt Pay Amt Ords no par val Ldt Pay Amt
Final No 107 14 Oct 25 20 Oct 25 406.00 Final No 13 20 Jun 23 26 Jun 23 14.10
Interim No 106 8 Apr 25 14 Apr 25 220.00 Interim No 12 6 Dec 22 12 Dec 22 9.90
LIQUIDITY: Jan26 Avg 5m shares p.w., R445.9m(71.1% p.a.) LIQUIDITY: Jan26 Avg 285 801 shares p.w., R720 391.4(2.9% p.a.)

FINANCIAL STATISTICS FINANCIAL STATISTICS
Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(R million) (R ‘000)
Final Final Final Final Final Interim Final Final Final Final
Turnover 16 022 15 862 14 920 13 845 13 269 Turnover 1 224 134 2 220 918 2 356 284 3 326 908 3 125 269
Op Inc 3 562 3 305 2 715 2 540 2 409 Op Inc 156 583 346 995 330 814 592 750 513 046
NetIntPd(Rcvd) 227 185 191 111 99 NetIntPd(Rcvd) 15 704 32 725 20 558 - 4 379 - 2 294
Att to Equity 2 430 2 258 1 837 1 751 1 646 Minority Int 4 511 1 346 1 704 1 087 545
TotCompInc/Loss 2 410 2 256 1 804 1 827 1 619 Att Inc 97 879 232 678 215 668 436 267 362 579
Fixed Ass 3 421 3 248 3 184 3 105 3 266 TotCompInc/Loss 98 831 234 493 218 789 436 862 363 124
Inv & Loans - - 35 29 32 Fixed Ass 817 489 746 728 602 201 481 433 259 397
Tot Curr Ass 5 591 5 548 5 537 4 811 4 464 Inv & Loans 3 131 3 131 8 664 8 664 10 264
Ord SH Int 5 347 5 785 5 117 4 794 4 402 Tot Curr Ass 7 439 937 7 304 432 6 984 676 6 752 030 6 277 985
LT Liab 1 123 1 150 1 105 1 078 954 Ord SH Int 4 408 344 4 253 216 4 005 755 3 834 927 3 515 419
Tot Curr Liab 4 027 3 375 3 980 3 473 3 490 Minority Int 20 604 4 641 3 295 1 591 504
PER SHARE STATISTICS (cents per share) LT Liab 1 903 052 1 295 447 1 461 774 1 541 981 1 083 470
HEPS-C (ZARc) 729.10 687.10 553.60 530.60 499.90 Tot Curr Liab 1 955 292 2 531 154 2 159 523 1 919 748 1 996 588
DPS (ZARc) 626.00 870.00 482.00 462.00 715.00 PER SHARE STATISTICS (cents per share)
NAV PS (ZARc) 1 571.94 1 706.63 1 513.02 1 426.69 1 308.13 HEPS-C (ZARc) 20.91 45.95 47.94 91.49 75.88
3 Yr Beta 0.32 0.08 - 0.15 0.18 0.42 DPS (ZARc) - - - 24.00 20.90
Price High 12 500 9 759 7 932 9 057 8 200 NAV PS (ZARc) 946.03 910.20 858.49 824.38 749.01
Price Low 7 930 6 540 6 060 6 048 6 482 3 Yr Beta 0.61 0.60 0.53 - 0.01 - 0.19
Price Prd End 9 413 9 459 6 809 6 572 7 105 Price High 287 275 322 350 500
RATIOS Price Low 166 160 190 236 270
Ret on SH Fnd 45.44 39.03 35.90 36.53 37.39 Price Prd End 270 212 200 315 309
Oper Pft Mgn 22.23 20.83 18.20 18.35 18.16 RATIOS
D:E 0.61 0.44 0.57 0.54 0.62 Ret on SH Fnd 4.62 5.50 5.42 11.40 10.33
Current Ratio 1.39 1.64 1.39 1.39 1.28 Oper Pft Mgn 12.79 15.62 14.04 17.82 16.42
Div Cover 1.17 0.78 1.15 1.15 0.70 D:E 0.43 0.30 0.36 0.40 0.31
Current Ratio 3.81 2.89 3.23 3.52 3.14
Div Cover - - - 3.91 3.70

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