Page 169 - Profile's Stock Exchange Handbook - 2026 Issue 2

Summary of unaudited results

for the six months ended 31 December 2025 and cash dividend declaration Registration number 1968/006415/06
ISIN ZAE000026480
JSE and A2X Share code REM
Salient features
Headline earnings Interim dividend Earnings per share Intrinsic net asset value
per share per share per share
931 cents 173 cents 930 cents R297.03
(up by 38.5%) (up by 80.2%) (up by 41.1%) as at 31 December 2025
(up by 1.6%
since 30 June 2025)
Introduction Intrinsic net asset value (INAV)
he positive gains seen in the last financial year with the Remgro’s INAV per share increased by 1.6% (3.4% if adjusted for distributions made during the period
Texecution against Remgro’s stated strategic objectives were
well sustained into the first half of this financial year, despite the
continued volatile macro landscape. This is evidenced by strong share and unbundled its investment in eMedia Holdings Limited. The closing share price at 31 December
operating performances across Remgro’s core portfolio as well
as progress on portfolio optimisation through unlocking key
corporate actions. Declaration of cash dividend no. 51
Remgro is pleased with the progress that has been achieved against
its strategic priorities and believes that this discipline in execution
is reflecting in the improved performance from period to period
and strong cash generation at the centre, both of which Remgro The Board is satisfied that the Company is solvent and liquid, thus confirming that the Company has
believes are key catalysts in driving value unlock for shareholders. sufficient capital and reserves after the payment of the interim dividend, to support its operations for
The recent developments relating to the conflict between the foreseeable future.
the US, Israel and Iran adds to an already complex operating This dividend will be subject to dividend withholding tax of 20% or 34.60 cents per share, resulting
environment which Remgro is carefully monitoring. The Group in a net dividend of 138.40 cents per share, unless the shareholder concerned is exempt from paying
is directly exposed to the region through Mediclinic Holdings dividend withholding tax or is entitled to a reduced rate in terms of an applicable double-tax agreement.
Limited’s (Mediclinic) market-leading healthcare operations in
the United Arab Emirates, the prospects of which are closely shares. The income tax number of the Company is 9500-124-71-5.
linked to the ongoing stability and prosperity of the region.
More broadly the impact of the conflict introduces risks to global Dates of importance:
asset prices, particularly those in a portfolio such as Remgro’s Last day to trade in order to participate in the dividend Tuesday, 21 April 2026
that is skewed towards emerging markets, through the threat Shares trade ex dividend Wednesday, 22 April 2026
of increasing inflation and the higher cost of capital. Remgro
will continue to navigate this situation as it unfolds, but the Record date Friday, 24 April 2026
Group’s resilient balance sheet and strategic liquidity position Payment date Tuesday, 28 April 2026
gives it adequate capacity to support the portfolio and pursue
opportunities where those might arise. Friday, 24 April 2026, both days inclusive.
Many external challenges remain and are likely to continue to test In terms of the Company’s Memorandum of Incorporation, dividends will only be transferred
the sustainability of the Group’s performance, requiring adaptability electronically to the bank accounts of shareholders. In the instance where shareholders do not provide
and creative solutions to maintain profitability and growth. the Transfer Secretaries with their banking details, the dividend will not be forfeited but will be marked
As Remgro continues to optimise portfolio performance and as “unclaimed” in the share register until the shareholder provides the Transfer Secretaries with the
focus on driving growth, it is confident that these remain the relevant banking details for payout.
key levers to deliver on its strategic imperative to unlock further
value for its shareholders. Directors’ statement
Results The directors, who take responsibility for the contents of this results announcement, present the
For the period under review, headline earnings increased by
The financial information in this results announcement is a summary only and does not contain full
details of the consolidated financial results. Accordingly, any investment decisions should be based on
earnings per share (HEPS) increased by 38.5% from 672 cents to
which have been released on SENS and are available on the Company’s website at www.remgro.com.
the 2025 financial year continued during the first half of the
2026 financial year, culminating in the strong growth in headline Signed on behalf of the Board of Directors.
earnings. The increase in headline earnings is mainly due to: Johann Rupert Jannie Durand
• Chairman Chief Executive Officer
Stellenbosch
Investment Ventures Holdings Proprietary Limited (CIVH) Approved by the Board: 24 March 2026
(+R264 million) and Heineken Beverages Holdings Limited SENS release date: 25 March 2026
(+R166 million) due to improved operational performances;
• an increased contribution from TotalEnergies Marketing Directorate
Non-executive directors
to a once-off Transnet pipeline cost refund; and
• lower finance costs due to the redemption of the preference Johann Rupert (Chairman) (Deputy Millennia Park, 16 Stellentia Avenue, Stellenbosch 7600
Chairman), J Malherbe, P J Moleketi*, M Morobe*,
(PO Box 456, Stellenbosch 7599)
• partly offset by a lower contribution from RCL Foods Limited Transfer Secretaries
(-R240 million), largely driven by a weaker performance from (* Independent) Computershare Investor Services Proprietary Limited,
the Sugar business unit. Executive directors Rosebank Towers, 15 Biermann Avenue, Rosebank 2196
Total earnings J J Durand (Chief Executive Officer), M Lubbe, (Private Bag X9000, Saxonwold 2132)
R3 658 million). This increase in earnings is mainly due to the Auditors
increase in headline earnings discussed above (R1 447 million). Corporate information Ernst & Young Inc.
Cape Town, South Africa
In line with the growth momentum in headline earnings during Secretary Sponsor
the 2025 financial year, Remgro experienced strong cash flow L J Joubert
generation at the centre for the period under review, mainly Listings Rand Merchant Bank (A division of FirstRand Bank Limited)
due to a 34% increase in sustainable dividends received from Primary listing – JSE Limited
investee companies amounting to R2 428 million (six months to Sector:
inter Banking and Brokerage Services – Diversified Financial
alia Services
which was received on completion of the CIVH/Vodacom Secondary listing – A2X
For more information: www.remgro.com