Page 158 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - PIC Profile’s Stock Exchange Handbook: 2026 - Issue 2
Pick n Pay Stores Ltd. POSTAL ADDRESS: PO Box 23087, Claremont, Cape Town, 7735
EMAIL: CompanySecretary@pnp.co.za
WEBSITE: www.picknpayinvestor.co.za
TELEPHONE: 021-658-1000
FAX: 086-675-1475
COMPANY SECRETARY: Vaughan Pierce
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA))
AUDITORS: Ernst & Young Inc.
ISIN: ZAE000005443 SHORT: PICKNPAY CODE: PIK BANKERS: Absa Bank Ltd., First National Bank of SA Ltd.
REG NO: 1968/008034/06 FOUNDED: 1967 LISTED: 1968 SEGMENTAL REPORTING as at 31 Aug 2025 (as a % of Revenue)
NATURE OF BUSINESS: South Africa 96.90%
3.10%
Rest of Africa
The Pick n Pay Group is a retail business in the fast-moving CALENDAR Expected Status
consumer goods (FMCG) industry. Pick n Pay Group Next Final Results 25 May 2026 Estimate
operates multiple store formats through an owned and Annual General Meeting Aug 2026 Unconfirmed
franchise model, including supermarkets, clothing and Next Interim Results Oct 2026 Unconfirmed
liquor stores and an online platform. CAPITAL STRUCTURE Authorised Issued
The Group has stores across South Africa, Botswana, PIK Ords no par value 828 500 000 745 657 130
Eswatini, Lesotho, Namibia, Zambia and Zimbabwe. Pick PIK Bs no par value 361 500 000 325 462 164
n Pay Group offers quality merchandise at competitive DISTRIBUTIONS [ZARc]
prices, supported by strong and capable teams across Ords no par val Ldt Pay Amt
Pick n Pay and Boxer. In FY25, Pick n Pay Group sharpened Final No 110 30 May 23 5 Jun 23 140.30
its focus on getting the basics of retail right - buying Interim No 109 29 Nov 22 5 Dec 22 44.85
better, simplifying its execution, and tightening cost Final No 108 31 May 22 6 Jun 22 185.35
discipline. This renewed focus is enabling continued Interim No 107 30 Nov 21 6 Dec 21 35.80
investment in its customer offer, with a compelling range LIQUIDITY: Mar26 Avg 13m shares p.w., R340.2m(92.3% p.a.)
of high-quality food, grocery, clothing, liquor and general
merchandise at great value. PICKNPAY 40 Week MA FOOR 8000
7000
SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Food
MAJOR ORDINARY SHAREHOLDERS as at 2 Mar 2025 6000
Ackerman Investment Holdings (Pty) Ltd. 25.40% 5000
Government Employees Pension Fund 18.20% 4000
Allan Gray 6.30%
3000
FINANCIAL STATISTICS
Aug 25 Mar 25 Feb 24 Feb 23 Feb 22 2000
(R million) Interim Final Final(rst) Final(rst) Final 1000
Turnover 58 818 118 610 112 295 106 562 97 873 2022 2023 2024 2025 2026
Op Inc 310 1 759 405 3 048 2 887
NetIntPd(Rcvd) 627 1 996 2 038 1 323 1 150 RECENT ANNOUNCEMENTS
Tax - 78 26 - 988 538 547
Minority Int 173 85 - - - Monday, 02 March 2026: The board announced the
Att Inc - 496 - 736 - 3 301 1 170 1 215 following changes to the membership of board
TotCompInc/Loss - 317 - 658 - 3 308 1 132 1 256 committees, with effect from 1 February 2026.
Hline Erngs-CO - 439 - 408 977 1 246 1 259 *Pooven Viranna has been appointed as a member of
Fixed Ass 8 808 8 675 9 191 8 893 7 151
Inv in Assoc - - - 72 106 the Social, Ethics and Transformation Committee
Inv & Loans 130 143 170 118 86 *Appointment of Grant Pattison to the Remuneration
Def Tax Asset 3 092 2 749 2 165 734 823 Committee and the Finance and Investment Committee
Tot Curr Ass 21 057 20 718 20 469 17 665 19 251
Ord SH Int 9 733 10 297 - 293 3 703 3 716 *Appointment of Thabo Leeuw to the Social and Ethics
Minority Int 835 668 - - - Compliance Committee
LT Liab 16 658 17 229 21 368 15 295 13 657 Board change
Tot Curr Liab 20 161 18 613 25 835 23 699 22 972
PER SHARE STATISTICS (cents per share) Audrey Mothupi-Palmstierna will retire as a non-
EPS (ZARc) - 67.53 - 111.01 - 581.85 243.37 253.34 executive director of the Company and as chair of the
HEPS-C (ZARc) - 59.77 - 61.54 - 172.21 259.25 262.59 Remuneration Committee at the conclusion of the
Pct chng p.a. - 2.9 64.3 - 166.4 - 1.3 14.5 Company’s AGM scheduled for August 2026. She will
DPS (ZARc) - - - 185.15 221.15
Pct chng p.a. - - - 100.0 - 16.3 23.0 be succeeded by Professor Haroon Bhorat, who has
Tr 5yr av grwth % - - 22.0 - 23.3 1.2 5.8 served as an independent non- executive director since
NAV PS (ZARc) 1 385.87 1 449.90 - 11.90 803.00 827.10 May 2020.
3 Yr Beta 1.01 0.62 0.47 - 0.23 - 0.16 Monday, 09 February 2026: Turnover of the Company and
Price High 2 917 3 499 3 839 6 688 6 250
Price Low 2 390 1 413 1 719 4 302 4 612 its subsidiaries for the 48-week period to 1 February
Price Prd End 2 758 2 815 1 976 4 563 4 644 2026 grew 3.2% and 3.4% on a like-for-like basis.
RATIOS Growth for the period for the Group’s key turnover
Ret on SH Fnd 3.06 - 5.94 1 126.62 31.59 32.69 segments was as follows:
Ret On Tot Ass - 0.69 - 0.52 - 3.10 4.36 4.59
Oper Pft Mgn 0.53 1.48 0.36 2.86 2.95 *Pick n Pay South Africa (SA) like-for-like sales grew
D:E 1.58 1.60 - 96.63 5.66 5.51 2.9%, with Pick n Pay SA company-owned supermarkets
Int Cover n/a 4.10 1.50 19.70 154.80 like-for-like sales at 3.5%. The 1.4% Pick n Pay SA
Current Ratio 1.04 1.11 0.79 0.75 0.84
Div Cover - - - 1.31 1.30 turnover decline for the period was the result of the,
DIRECTORS: Summers S (CEO), Olivier L (CFO), now largely completed, planned closure or conversion
Ackerman G M (ne), Ackerman S D (ne), of underperforming company-owned supermarkets.
Ackerman J G (ne), Formby J (Chair, ind ne), *Boxer Retail Ltd. Group (“Boxer”) turnover grew 11.9%,
Bhorat H I (ind ne), Jakoet A and 3.9% on a like-for-like basis. Further detail on
(ind ne), Leeuw T P (ind ne), Mothupi A M (ind ne), Boxer’s performance can be found in its trading update
Pattison G M (ind ne), van der Merwe A (ind ne), released on 5 February 2026.
Viranna P (ind ne)
POPULAR BRAND NAMES: Pick n Pay The Group expects the headline loss per share for
Supermarkets, Pick n Pay Hypermarkets, FY26 to increase by more than 20% (12.31 cents) when
Pick n Pay Clothing, Pick n Pay Liquor, Scan the QR code compared with the headline loss per share of -61.54
Pick n Pay Express, Pick n Pay asap!, to visit our Investor cents reported for FY25.
Center
Pick n Pay Home, Boxer Superstores,
Boxer Liquor, Boxer Build
156