Page 174 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - SAB Profile’s Stock Exchange Handbook: 2026 - Issue 2
Sabvest Capital Ltd. SAB Zenzele Kabili Holdings (RF) Ltd.

ISIN: ZAE000283511 SHORT: SABCAP CODE: SBP ISIN: ZAE000284196 SHORT: SABKABILI CODE: SZK
REG NO: 2020/030059/06 FOUNDED: 2020 LISTED: 2020 REG NO: 2019/616052/06 FOUNDED: 2019 LISTED: 2021
NATURE OF BUSINESS: Sabcap is an investment group first listed NATURE OF BUSINESS: SAB Zenzele Kabili Holdings (RF) Ltd. (SAB
on the JSE in 1988 as Sabvest Ltd. and as Sabcap from 2020. The Zenzele Kabili) is a public company listed on the 28th of May 2021
Seabrooke Family Trust (“SFT”) has voting control of Sabcap on the BEE segment of the Johannesburg Stock Exchange (JSE) and
through an unlisted Z share and has an economic interest of 41.7% holds shares in AB InBev. SAB Zenzele Kabili trades under the ticker
through its holding in the listed ordinary shares. At the year-end JSE:SZK and its shares can be bought and sold by the qualifying
Sabcap had 38 370 000 shares in issue net of treasury shares (2023: public. AB InBev is the world’s largest brewer by volume and one
39 220 000). of the world’s top consumer products companies by revenue. As a
SECTOR: Fins--FinServcs--InvBnkng&BrokerServcs--AssMgrs&Custodians consumer-focused, insights-driven company, it produces, markets,
NUMBER OF EMPLOYEES: 0 distributes and sells a diversified portfolio of well over 500 beer and
DIRECTORS: Ighodaro O (ld ind ne), Khumalo A (ind ne), Mthimunye L E other malt beverage brands.
(ind ne), Rood L, Shongwe B J T (ind ne), Pillay K (Chair, ind ne), SECTOR: Fins--FinServcs--OpEnd&Miscel Inv Veh--OpEnd&Miscel Inv Veh
Seabrooke C S (CEO), De Matteis K (CFO) NUMBER OF EMPLOYEES: 0
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2025 DIRECTORS: Dlamini I (ind ne), Kwinda E (ind ne), Mogase W L (ne),
The Seabrooke Family Trust 42.60% Ngoasheng M M (Chair, ind ne)
InsingerGilissen Bankiers NV 7.60% MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2025
Sanlam Group 6.40% SAB Zenzele II Employee Share Trust 44.37%
POSTAL ADDRESS: PO Box 78677, Sandton, 2146 SAB Foundation Trust 11.82%
MORE INFO: www.sharedata.co.za/sdo/jse/SBP POSTAL ADDRESS: PO Box 782178, Sandton, 2146
COMPANY SECRETARY: Levitt Kirson Business Services (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/SZK
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. COMPANY SECRETARY: Rilapax (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA)) TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
AUDITORS: PwC Inc. SPONSOR: Tamela Holdings (Pty) Ltd.
CAPITAL STRUCTURE Authorised Issued AUDITORS: PwC Inc.
SBP Ords no par val 500 000 000 37 600 000 CAPITAL STRUCTURE Authorised Issued
DISTRIBUTIONS [ZARc] SZK Ords no par val 50 000 000 40 550 000
Ords no par val Ldt Pay Amt DISTRIBUTIONS [ZARc]
Final No 12 7 Apr 26 13 Apr 26 90.00 Ords no par val Ldt Pay Amt
Interim No 11 9 Sep 25 15 Sep 25 40.00 Special No 4 1 Jul 25 7 Jul 25 41.00
LIQUIDITY: Apr26 Avg 85 098 shares p.w., R9.3m(11.8% p.a.) Special No 3 4 Jun 24 10 Jun 24 31.00
LIQUIDITY: Apr26 Avg 4 555 shares p.w., R163 531.3(0.6% p.a.)

FINANCIAL STATISTICS
Dec 25 Dec 24 Dec 23 Dec 22 Dec 21 FINANCIAL STATISTICS
(R ‘000)
Final Final Final Final(rst) Final (R ‘000) Dec 25 Dec 24 Dec 23 Dec 22 Dec 21
NetRent/InvInc - 9 034 - 9 532 - 9 330 - 8 377 594 210 Final Final Final Final Final
Total Inc 130 968 90 470 100 673 101 624 865 601 Interest Paid 366 709 392 687 392 024 373 548 191 710
Attrib Inc 1 123 155 899 286 - 4 335 679 581 679 171 Interest Rcvd 2 744 1 465 1 445 711 23
TotCompInc/Loss 1 123 155 899 286 - 4 335 679 553 735 234 Operating Inc - 248 489 - 313 250 - 397 860 - -
Ord UntHs Int 6 055 640 5 069 745 4 289 256 4 340 869 3 704 327 Attrib Inc 402 823 - 1 507 350 425 626 - 40 330 - 748 713
- 40 330 - 748 713
425 626
402 823 - 1 507 350
Investments 6 058 100 5 072 449 4 291 726 4 342 979 4 016 189 TotCompInc/Loss 1 532 093 1 145 896 2 665 817 2 258 438 2 304 445
Ord SH Int
FixedAss/Prop - - - - 2 515 Liabilities 22 000 21 301 176 655 - -
Tot Curr Ass 40 38 444 407 243 161 Adv & Loans 5 465 636 4 789 030 6 127 537 5 227 405 4 915 141
Total Ass 6 058 140 5 072 487 4 292 170 4 343 386 4 265 169 ST Dep & Cash 53 959 27 462 10 282 9 199 10 629
Tot Curr Liab 2 500 2 742 2 914 2 517 61 540 Total Assets 5 519 993 4 816 716 6 138 033 5 236 808 4 925 962
PER SHARE STATISTICS (cents per share) PER SHARE STATISTICS (cents per share)
HEPLU-C (ZARc) 2 967.30 2 324.30 - 11.00 1 721.70 1 689.70 HEPS-C (ZARc) 993.00 - 3 717.00 1 050.00 - 99.00 - 1 846.00
DPLU (ZARc) 130.00 105.00 90.00 90.00 75.00 DPS (ZARc) 41.00 - - 14.00 -
NAV (ZARc) 15 998.73 13 213.00 10 936.00 11 017.00 9 371.00 NAV PS (ZARc) 3 778.00 2 826.00 6 574.00 5 570.00 5 683.00
3 Yr Beta 0.92 0.05 0.02 - - 3 Yr Beta - 0.30 - 0.16 - - -
Price Prd End 12 299 9 200 7 700 8 360 6 100 Price Prd End 3 385 4 000 4 000 4 208 6 801
Price High 13 300 10 000 9 779 8 500 6 100 Price High 4 200 4 200 4 210 7 100 22 000
Price Low 8 590 6 450 6 011 5 700 2 700 Price Low 3 000 3 010 3 400 3 801 4 502
RATIOS RATIOS
RetOnSH Funds 18.55 17.74 - 0.10 15.66 18.33 Ret on SH Fund 7.33 - 31.43 - - 0.81 - 15.54
RetOnTotAss 2.16 1.78 2.35 2.34 20.29 RetOnTotalAss - 4.50 - 6.50 9.44 - - 0.48 - - 15.20 -
- 0.08
- 0.07
Interest Mgn
Debt:Equity - - - - 0.08
OperRetOnInv 2.16 1.78 2.35 2.34 21.08
OpInc:Turnover - - - - 99.81
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