Page 92 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - BUR Profile’s Stock Exchange Handbook: 2026 - Issue 1
Burstone Group Ltd. Bytes Technology Group plc
ISIN: ZAE000180915 SHORT: BURSTONE CODE: BTN ISIN: GB00BMH18Q19 SHORT: BYTES CODE: BYI
REG NO: 2008/011366/06 FOUNDED: 2008 LISTED: 2011 REG NO: 12935776 FOUNDED: 2020 LISTED: 2020
NATURE OF BUSINESS: Burstone (previously Investec Property NATURE OF BUSINESS: The Bytes Group is one of the UK’s leading
Fund) is a fully integrated international real estate business with providers of IT software offerings and solutions, with a focus on
c.R40 billion gross asset value (GAV) under management and cloud and security products. The Bytes Group enables effective and
c.R6.1 billion third-party capital under management. The Group cost-efficient technology sourcing, adoption and management
invests in best-in-class assets focusing on fund management; asset across software, services, including in the areas of security and
management and development management. Burstone listed cloud. It aims to deliver the latest technology to a diverse and
on the JSE 2011 and currently operates in South Africa, select embedded non-consumer customer base and has a long track
European markets and Australia. About 55% of the Group’s asset record of delivering strong financial performance.
base is comprised of foreign investments. The Group has a strong SECTOR: Technology--Technology--Software & CompSer--Software
management track record of more than 30 years operating in both NUMBER OF EMPLOYEES: 666
local and international markets. DIRECTORS: Chindalur S (ind ne), Paterson R (ind ne), Schraner Dr E
SECTOR: RealEstate--RealEstate--REITS--Diversified (snr ind ne), Vikström Persson A (ind ne), De Smedt P (Chair, ne, Belgium),
NUMBER OF EMPLOYEES: 0 Mudd S (CEO), Holden A (CFO)
DIRECTORS: Hourquebie P (ind ne), Moephuli D (ind ne), Morathi R K MAJOR ORDINARY SHAREHOLDERS as at 6 Jan 2026
(ind ne), Nkonyeni V (ind ne), Theodosiou P A (ind ne, UK), Coronation Fund Managers 26.31%
Tomlinson R G (ind ne), Ngoasheng M M (Chair, ind ne), Wooler A R Biltron 7.63%
(CEO), Kritzinger M (Group CFO) Public Investment Corporation SOC Ltd. 5.21%
MAJOR ORDINARY SHAREHOLDERS as at 2 Dec 2025 POSTAL ADDRESS: Bytes House, Randalls Way, KT22 7TW
Public Investment Corporation (SOC) Ltd. 17.77% MORE INFO: www.sharedata.co.za/sdo/jse/BYI
Government Employees Pension Fund 14.30% COMPANY SECRETARY: Willem Karel Groenewald
Investec Ltd. 12.40% TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
POSTAL ADDRESS: PO Box 78949, Sandton, 2196 SPONSOR: Investec Bank Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/BTN AUDITORS: Ernst & Young LLP
COMPANY SECRETARY: Sashnee Maistry CAPITAL STRUCTURE Authorised Issued
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. BYI Ords GBO0.01 ea - 236 329 366
SPONSOR: Investec Bank Ltd.
AUDITORS: PwC Inc. DISTRIBUTIONS [GBPp]
CAPITAL STRUCTURE Authorised Issued Ords GBO0.01 ea Ldt Pay Amt
BTN Ords no par val 1 000 000 000 804 918 444 Interim No 9 4 Nov 25 21 Nov 25 3.20
Final No 8
25 Jul 25
8 Jul 25
6.90
DISTRIBUTIONS [ZARc] LIQUIDITY: Jan26 Avg 3m shares p.w., R235.5m(57.7% p.a.)
Ords no par val Ldt Pay Amt
Interim No 31 9 Dec 25 15 Dec 25 45.96
Final No 30 17 Jun 25 23 Jun 25 47.65
LIQUIDITY: Jan26 Avg 7m shares p.w., R59.3m(44.2% p.a.)
FINANCIAL STATISTICS
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(GBP ‘000)
Interim Final Final Final Final(rst)
Turnover 108 082 217 134 207 021 184 421 145 836
NOTE: Investec Property Fund Ltd. renamed to Burstone Group Ltd.
on 20 September 2023. Op Inc 33 121 66 426 56 712 50 883 42 155
589
491
FINANCIAL STATISTICS NetIntPd(Rcvd) - 5 488 - 8 195 - 4 718 40 421 32 854
46 851
29 031
Att Inc
54 841
Sep 25 Mar 25 Mar 24 Mar 23 Mar 22
(R million) Fixed Ass 13 947 13 581 8 478 8 380 8 049
Interim Final(rst) Final Final Final(rst) Tot Curr Ass 354 342 391 517 322 467 269 681 231 634
NetRent/InvInc 586 1 230 1 343 1 036 1 120 Ord SH Int 77 423 98 043 78 336 61 497 47 567
Total Inc 656 1 600 1 753 1 365 1 554 LT Liab 5 685 3 303 3 451 3 528 3 676
Attrib Inc 172 - 2 224 232 195 1 038 Tot Curr Liab 336 832 353 885 297 931 255 742 232 325
TotCompInc/Loss 176 - 2 230 232 195 1 038 PER SHARE STATISTICS (cents per share)
Ord UntHs Int 9 284 9 484 12 439 13 014 13 652 HEPS-C (ZARc) 289.92 530.32 457.27 341.61 279.34
FixedAss/Prop 12 933 13 154 13 750 13 503 13 515 DPS (ZARc) 74.11 478.55 406.19 348.14 247.58
Tot Curr Ass 749 1 965 644 734 681
Total Ass 17 599 18 573 25 848 25 384 24 039 NAV PS (ZARc) 752.68 952.60 790.31 570.20 - 410.31 -
0.41
3 Yr Beta
0.64
0.71
Tot Curr Liab 1 752 2 474 3 277 2 330 2 479 Price High 13 600 14 295 16 200 10 000 13 000
PER SHARE STATISTICS (cents per share) Price Low 7 753 9 493 7 885 7 350 7 962
HEPS-C (ZARc) 17.84 - 216.74 28.21 43.70 177.85 Price Prd End 9 750 9 989 13 674 8 859 9 388
DPS (ZARc) 45.96 92.23 89.46 99.41 102.23 RATIOS
NAV PS (ZARc) 1 153.00 1 178.00 1 551.00 1 617.00 1 696.08 Ret on SH Fnd 74.99 55.94 59.81 65.73 69.07
3 Yr Beta 0.30 0.45 0.37 0.67 1.47 Oper Pft Mgn 30.64 30.59 27.39 27.59 28.91
Price Prd End 815 826 753 825 1 200 D:E 0.07 0.03 0.04 0.06 0.08
Price High 932 1 026 910 1 300 1 280 Current Ratio 1.05 1.11 1.08 1.05 1.00
Price Low 750 655 681 766 929 Div Cover 3.91 1.11 1.13 0.98 1.13
RATIOS
RetOnSH Funds 3.71 - 23.45 1.87 1.50 7.61
RetOnTotAss 7.62 8.82 6.99 5.35 6.43
Debt:Equity 0.83 0.88 1.00 0.90 0.72
OperRetOnInv 9.06 9.35 9.76 7.67 8.29
OpInc:Turnover 58.00 61.21 65.43 57.05 62.87 does
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