Page 144 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - MTN Profile’s Stock Exchange Handbook: 2026 - Issue 2
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ISIN: ZAE000042164 ISIN: ZAE000012373 SHORT: MUSTEK CODE: MST
SHORT: MTN GROUP REG NO: 1987/070161/06 FOUNDED: 1987 LISTED: 1997
CODE: MTN NATURE OF BUSINESS: The Mustek Group is a seamless technology
REG NO: 1994/009584/06 solutions provider. Established in 1987 and listed on the JSE in
FOUNDED: 1994 1997, the Group has evolved from its distribution and assembly
LISTED: 1995 focus into an integrated IT group, with a mission centered
NATURE OF BUSINESS: MTN is a pan-African digital operator with the on anticipating material stakeholder needs for long-term
strategic intent of leading digital solutions for Africa’s progress. At the end sustainability and stakeholder value creation. The Group operates
of 31 December 2025, MTN had 307.2 million customers in 16 markets. through a network of synergistic companies across the core areas
SECTOR: Telecoms--Telecoms--TelecomServiceProvider--TelecomServices of distribution, manufacturing, training and services.
NUMBER OF EMPLOYEES: 14 461 SECTOR: Technology--Technology--Hardware & Equipment--Hardware
DIRECTORS: Gosa N P (ind ne), Gwala S (ind ne), Mabaso-Koyana S N NUMBER OF EMPLOYEES: 1 112
(ind ne), Miller S P (ind ne, Belgium), Mokhele Dr K D K (ld ind ne), DIRECTORS: Coetzee C J, Marlowe P (ind ne), Patmore R B (ld ind ne),
Molope C W N (ind ne), Newton-King N (ind ne), Pennington T (ind ne), Thomas S (ind ne), Mophatlane I (Chair, ind ne), Ebrahim S A B
Rague V (ind ne, Kenyan), Sanusi L (ind ne, Nigeria), Sowazi N L (ind ne), (Group FD), Engelbrecht H (Group CEO)
Jonas M H (Chair, ind ne), Mupita R T (Group President&CEO), MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025
Molefe T B L (Group CFO) Novus Packaging (Pty) Ltd. 39.90%
MAJOR ORDINARY SHAREHOLDERS as at 5 Mar 2026 The DK Trust 16.60%
PIC 19.44% Mustek Executive Share Trust 5.90%
M1 Ltd. 5.78% POSTAL ADDRESS: PO Box 1638, Parklands, 2121
Ninety One SA (Pty) Ltd. 5.01% MORE INFO: www.sharedata.co.za/sdo/jse/MST
POSTAL ADDRESS: Private Bag X9955, Cresta, 2118 COMPANY SECRETARY: Sirkien van Schalkwyk
EMAIL: investor.relations@mtn.com TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
WEBSITE: www.mtn.com SPONSOR: Deloitte & Touche Sponsor Services (Pty) Ltd.
TELEPHONE: 083-869-3000 FAX: 011-912-4093 AUDITORS: BDO South Africa Inc.
COMPANY SECRETARY: Lucy Mokoka
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. CAPITAL STRUCTURE Authorised Issued
SPONSOR: JP Morgan Equities South Africa (Pty) Ltd., Tamela Holdings MST Ords no par val 250 000 000 57 540 000
(Pty) Ltd. DISTRIBUTIONS [ZARc]
AUDITORS: Ernst & Young Ords no par val Ldt Pay Amt
CAPITAL STRUCTURE Authorised Issued Final No 29 7 Oct 25 13 Oct 25 13.75
MTN Ords 0.01c ea 2 500 000 000 1 833 678 868 Final No 28 8 Oct 24 14 Oct 24 7.50
DISTRIBUTIONS [ZARc] LIQUIDITY: Apr26 Avg 145 384 shares p.w., R2.0m(13.1% p.a.)
Ords 0.01c ea Ldt Pay Amt
Final No 36 7 Apr 26 13 Apr 26 500.00
Final No 35 8 Apr 25 14 Apr 25 345.00
LIQUIDITY: Mar26 Avg 28m shares p.w., R4 275.4m(80.7% p.a.)
MTN GROUP 40 Week MA FTEL
22000
20000
18000
16000
14000
12000
10000 FINANCIAL STATISTICS
8000 Dec 25 Jun 25 Jun 24 Jun 23 Jun 22
(R million)
6000 Interim Final Final(rst) Final Final
2022 2023 2024 2025 2026
Turnover 3 545 7 183 8 449 10 126 8 910
FINANCIAL STATISTICS Op Inc 95 180 279 455 407
Dec 25 Dec 24 Dec 23 Dec 22 Dec 21 NetIntPd(Rcvd) 48 139 206 151 70
(R million)
Final Final(rst) Final Final(rst) Final Minority Int - - - - 5
Turnover 226 707 188 001 221 056 207 003 181 646 Att Inc 45 39 21 220 220
Op Inc 68 664 13 260 31 480 54 540 40 935 TotCompInc/Loss 40 42 22 221 223
NetIntPd(Rcvd) 16 858 16 285 15 899 12 271 14 448 Fixed Ass 223 239 258 269 202
Tax 20 025 6 841 7 751 17 036 11 822 Inv & Loans 15 15 11 13 23
Minority Int 7 139 - 1 545 - 75 4 817 3 244
Att Inc 20 262 - 9 369 4 092 19 037 13 750 Tot Curr Ass 3 621 3 434 4 245 5 050 4 396
TotCompInc/Loss 40 843 - 8 154 14 270 11 972 8 436 Ord SH Int 1 586 1 553 1 516 1 568 1 413
Hline Erngs-CO 23 178 1 985 5 690 20 532 17 781 Minority Int - 1 - - -
Fixed Ass 122 306 109 731 117 197 108 776 99 769 LT Liab 126 87 106 101 106
Inv in Assoc 24 094 23 691 24 445 22 942 13 848 Tot Curr Liab 2 493 2 395 3 266 4 055 3 491
Inv & Loans 11 349 5 187 7 388 9 593 19 916
Def Tax Asset 6 373 10 457 17 938 6 571 12 457 PER SHARE STATISTICS (cents per share)
Tot Curr Ass 185 913 142 230 137 836 134 207 125 800 HEPS-C (ZARc) 83.54 72.73 67.13 357.18 357.38
Ord SH Int 144 997 122 727 139 205 114 488 111 047 DPS (ZARc) - 13.75 7.50 77.00 76.00
Minority Int 24 736 14 847 10 978 5 151 3 935 NAV PS (ZARc) 2 756.85 2 869.71 2 801.15 2 724.36 2 395.02
LT Liab 131 018 144 938 119 737 122 588 118 486 3 Yr Beta 0.95 0.62 0.20 0.27 0.38
Tot Curr Liab 197 727 148 817 156 802 140 023 127 928 Price High 1 599 1 700 1 750 1 805 1 725
PER SHARE STATISTICS (cents per share) Price Low 1 286 900 800 1 270 1 028
EPS (ZARc) 1 113.00 - 519.00 227.00 1 054.00 763.00 Price Prd End 1 460 1 410 978 1 672 1 639
HEPS-C (ZARc) 1 274.00 110.00 315.00 1 137.00 987.00
DPS (ZARc) 500.00 345.00 330.00 330.00 300.00 RATIOS
NAV PS (ZARc) 7 907.44 6 793.19 7 705.89 6 338.91 6 158.24 Ret on SH Fnd 5.62 2.55 1.41 14.01 15.94
3 Yr Beta 1.85 1.75 1.44 1.09 0.85 Oper Pft Mgn 2.67 2.50 3.30 4.49 4.57
Price High 17 577 11 700 14 942 21 149 17 836 D:E 0.08 0.08 0.49 0.31 0.23
Price Low 8 734 7 043 8 700 11 262 6 019 Current Ratio 1.45 1.43 1.30 1.25 1.26
Price Prd End 16 950 9 199 11 550 12 730 17 071 Div Cover - 5.22 4.97 4.90 4.62
RATIOS
Ret on SH Fnd 16.14 - 7.93 2.67 19.94 14.78
Ret On Tot Ass 13.01 0.64 5.53 13.99 8.95
Int Cover 3.63 0.46 1.51 4.06 2.85
Div Cover 2.23 - 1.50 0.69 3.19 2.54
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