Page 136 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - LIG Profile’s Stock Exchange Handbook: 2026 - Issue 2
Lighthouse Properties plc Mahube Infrastructure Ltd.

ISIN: MU0461N00015 SHORT: LIGHTPROP CODE: LTE ISIN: ZAE000290763 SHORT: MAHUBE CODE: MHB
REG NO: C 100848 FOUNDED: 2014 LISTED: 2015 REG NO: 2015/115237/06 FOUNDED: 2015 LISTED: 2015
NATURE OF BUSINESS: Lighthouse Properties plc is domiciled in NATURE OF BUSINESS: Mahube Infrastructure Ltd. was listed on the
Malta and listed on the Main Board of the JSE Ltd., with operations JSE Ltd. in Johannesburg in 2015, as a Special Purpose Acquisition
offices in both Malta and the Netherlands. The Group invests in Company. Trading as GAIA Infrastructure Capital Ltd. at the time,
dominant and defensive malls located in large Western European the company raised R550 million upon listing and most of these
cities with a strong economic underpin and economic growth. A funds were deployed in 2016 during the acquisition of its first
key component of the Group’s strategy is to evolve and adapt malls viable asset, an interest in the Dorper Wind Farm.
to cater for the ever-changing demands of retailers and consumers. SECTOR: Utilities--Utilities--Electricity--AltElectricity
SECTOR: RealEstate--RealEstate--InvestmentServices--Holdings NUMBER OF EMPLOYEES: 0
NUMBER OF EMPLOYEES: 12 DIRECTORS: Kuscus M J (ind ne), May M F (ind ne), Shikwinya M D (ind ne),
DIRECTORS: Bird S I (ind ne), Bodenstein K (ind ne), de Beer D (ne), Tuku S (ind ne), Moseneke G (CEO), Lewis P (CFO)
Doublet A (ind ne, Malta), Hanekom N W (alt), Paris S (ind ne, Malta), MAJOR ORDINARY SHAREHOLDERS as at 25 Feb 2026
Olivier M C (Chair, ind ne, British), Muller J J (CEO), McDonald E (COO), Government Employees Pension Fund 45.23%
van Biljon J (CFO) Specialised Listed Infrastructure Equity 34.90%
POSTAL ADDRESS: 4th Floor, Office 41, Block A, IL-Piazzetta, Bunter Capital (Pty) Ltd. 10.01%
Tower Road, Sliema, Malta, SLM 1605 POSTAL ADDRESS: Postnet Suite 43, Private Bag X1, Melrose Arch, 2076
MORE INFO: www.sharedata.co.za/sdo/jse/LTE MORE INFO: www.sharedata.co.za/sdo/jse/MHB
COMPANY SECRETARY: Finco Trust Services Ltd. COMPANY SECRETARY: Fusion Corporate Secretarial Services (Pty) Ltd.
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Java Capital (Pty) Ltd. SPONSOR: Questco Corporate Advisory (Pty) Ltd.
AUDITORS: PwC Malta AUDITORS: BDO South Africa Inc.
CAPITAL STRUCTURE Authorised Issued CAPITAL STRUCTURE Authorised Issued
LTE Ords no par val 100 000 000 000 2 112 388 763 MHB Ords no par val 6 000 000 000 55 151 000
DISTRIBUTIONS [EURc] DISTRIBUTIONS [ZARc]
Ords no par val Ldt Pay Amt Ords no par val Ldt Pay Amt
Final No 19 24 Mar 26 9 Apr 26 1.45 Final No 16 22 Jul 25 28 Jul 25 15.00
Interim No 18 2 Sep 25 11 Sep 25 1.31 Interim No 15 7 Jan 25 13 Jan 25 20.00
LIQUIDITY: Apr26 Avg 9m shares p.w., R76.6m(23.1% p.a.) LIQUIDITY: Apr26 Avg 94 567 shares p.w., R496 607.6(8.9% p.a.)

FINANCIAL STATISTICS FINANCIAL STATISTICS
Dec 25 Dec 24 Dec 23 Dec 22 Dec 21 Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(EUR ‘000) Final Final Final(rst) Final Final(rst) (R ‘000) Interim Final Final Final Final
NetRent/InvInc 147 802 108 214 80 209 77 014 35 729 Revenue - 8 391 49 767 68 172 - 14 058 78 881
Total Inc 150 131 111 876 80 209 77 014 35 929 Op Inc 17 864 33 811 53 071 - 29 449 65 909
Attrib Inc 103 011 64 942 385 352 25 155 - 46 485 NetIntPd(Rcvd) - - - 30 117
TotCompInc/Loss 92 495 46 305 403 790 33 951 - 45 453 Att Inc 17 864 33 785 52 860 - 29 607 65 592
Ord UntHs Int 928 974 855 297 760 140 356 920 355 462 Fixed Ass 42 54 40 23 90
Investments - - - - 15 555 Tot Curr Ass 11 853 17 650 32 029 12 514 52 478
FixedAss/Prop 1 489 345 1 182 935 786 690 778 935 581 927 Ord SH Int 565 561 591 697 579 973 546 416 618 489
Tot Curr Ass 91 416 151 034 187 862 39 205 37 533 Tot Curr Liab 1 127 1 032 1 442 957 1 715
Total Ass 1 662 046 1 396 751 1 208 274 840 903 639 060 PER SHARE STATISTICS (cents per share)
Tot Curr Liab 45 821 39 984 121 282 49 741 29 758 HEPS-C (ZARc) 32.39 61.26 95.85 - 53.68 118.93
PER SHARE STATISTICS (cents per share) DPS (ZARc) - 35.00 55.00 45.00 60.00
HEPS-C (ZARc) 58.96 41.44 70.77 33.90 - 34.63 NAV PS (ZARc) 1 073.00 1 073.00 1 052.00 991.00 1 121.00
DPS (ZARc) 54.62 50.75 55.59 53.36 51.67 3 Yr Beta 0.99 0.90 0.71 0.02 - 0.19
NAV PS (ZARc) 876.06 834.36 849.66 463.28 405.83 Price High 481 500 650 650 650
3 Yr Beta 0.65 0.94 0.86 1.21 1.23 Price Low 295 365 402 480 450
Price Prd End 845 803 735 680 900 Price Prd End 440 400 421 610 600
Price High 883 861 792 994 920 RATIOS
Price Low 715 715 405 505 600 Ret on SH Fnd 6.32 5.71 9.11 - 5.42 10.61
RATIOS Oper Pft Mgn - 212.89 67.94 77.85 209.48 83.55
RetOnSH Funds 10.01 5.38 50.58 8.57 - 11.12 Current Ratio 10.52 17.10 22.21 13.08 30.60
RetOnTotAss 10.05 8.48 7.28 9.16 - 5.47 Div Cover - 1.75 1.74 - 1.19 1.98
Debt:Equity 0.74 0.57 0.48 1.00 0.60
OperRetOnInv 9.92 9.15 10.20 9.89 5.98
OpInc:Turnover 100.00 100.00 100.00 100.00 100.00

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