Page 186 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - SPA Profile’s Stock Exchange Handbook: 2026 - Issue 2
The SPAR Group Ltd. Spear REIT Ltd.

ISIN: ZAE000058517 SHORT: SPAR CODE: SPP ISIN: ZAE000228995 SHORT: SPEARREIT CODE: SEA
REG NO: 1967/001572/06 FOUNDED: 1967 LISTED: 2004 REG NO: 2015/407237/06 FOUNDED: 2011 LISTED: 2016
NATURE OF BUSINESS: SPAR is a wholesale warehousing NATURE OF BUSINESS: Spear REIT Ltd. (“Spear”) listed as a Real Estate
and distribution business, supplying goods and services to Investment Trust (“REIT”) on the main board of the Johannesburg
independently owned retailers, trading predominantly under the Stock Exchange (“JSE”) and is the only regionally-focused REIT listed
SPAR brand. The Group is the registered licensee of the SPAR brand on the JSE that invests in high-quality incomegenerating assets in
in parts of Southern Africa including South Africa and Ireland. The the Western Cape. Spear obtains its diversification through asset
Group also has a joint venture arrangement in Sri Lanka. SPAR type rather than geographical investment.
operates under a voluntary trading model, allowing retailers SECTOR: RealEstate--RealEstate--REITS--Diversified
to source goods from local traders, thereby supporting local NUMBER OF EMPLOYEES: 35
communities. The relationship between SPAR and independently DIRECTORS: Allie J E (ld ind ne), Goldberg B L (ind ne), McCarthy C S (ne),
owned stores is collaborative and aims to create joint value. Phillips Dr R (ind ne), Raziya B (ind ne), Solms J (ind ne), Varachhia A
SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Food (Chair, ne), Flax M N (Dep Chair, ne), Rossi Q M (CEO), Barnard C (CFO)
NUMBER OF EMPLOYEES: 10 512 MAJOR ORDINARY SHAREHOLDERS as at 9 Mar 2026
DIRECTORS: Botha E C (ind ne), Isaacs M R (Group CFO), Bosman M J Old Mutual Group 8.08%
(Chair, ind ne), Pydigadu M (COO), Zinn S A (Dep Chair, ind ne), Truffle Asset Management (Pty) Ltd. 5.90%
da Silva P M P (ind ne), Ighodaro O (ind ne), Jamieson M J (ind ne), Spear Holdco (Pty) Ltd. 5.76%
Koyana L M (ind ne), Naran S T (ind ne) POSTAL ADDRESS: PO Box 50, Observatory, 7935
MAJOR ORDINARY SHAREHOLDERS as at 16 Mar 2026 MORE INFO: www.sharedata.co.za/sdo/jse/SEA
Government Employees Pension Fund 18.63% COMPANY SECRETARY: Renè Cheryl Stober
Allan Gray 15.01% TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Coronation Fund Managers 9.97% SPONSOR: PSG Capital (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/SPP AUDITORS: BDO
COMPANY SECRETARY: Maliga Chetty CAPITAL STRUCTURE Authorised Issued
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. SEA Ords no par val 1 000 000 000 430 572 543
SPONSOR: One Capital
AUDITORS: PwC Inc. DISTRIBUTIONS [ZARc]
CAPITAL STRUCTURE Authorised Issued Ords no par val Ldt Pay Amt
4 Nov 25
SPP Ords of 0.06c ea 250 000 000 192 602 355 Interim No 18 10 Jun 25 10 Nov 25 41.59
41.74
17 Jun 25
Final No 17
DISTRIBUTIONS [ZARc] LIQUIDITY: Apr26 Avg 3m shares p.w., R31.1m(32.5% p.a.)
Ords of 0.06c ea Ldt Pay Amt
Final No 36 6 Dec 22 12 Dec 22 225.00
Interim No 35 28 Jun 22 4 Jul 22 175.00
LIQUIDITY: Apr26 Avg 3m shares p.w., R328.1m(93.2% p.a.)
FINANCIAL STATISTICS
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(R ‘000)
Interim Final Final Final Final
NetRent/InvInc 227 500 404 299 368 486 346 490 341 953
FINANCIAL STATISTICS Total Inc 243 827 408 181 371 126 349 291 345 600
Sep 25 Sep 24 Sep 23 Sep 22 Sep 21
(R million) Attrib Inc 259 732 525 120 362 740 182 205 164 924
Final Final(rst) Final(rst) Final Final TotCompInc/Loss 259 732 525 120 362 740 182 205 164 924
Turnover 131 458 130 987 146 461 135 609 127 941 Ord UntHs Int 4 788 374 3 908 570 3 063 045 2 594 408 2 650 089
Op Inc 1 984 2 658 2 517 3 429 3 393 Investments 5 598 299 5 432 267 4 180 066 3 793 263 4 406 265
NetIntPd(Rcvd) 691 587 668 385 362 FixedAss/Prop 535 333 500 1 041 1 604
Minority Int - - 41 68 - 57 Tot Curr Ass 820 877 107 900 49 423 461 621 117 089
Att Inc - 4 828 352 401 2 152 2 266 Total Ass 6 523 185 5 640 936 4 673 422 4 256 708 4 530 473
TotCompInc/Loss - 5 079 158 1 028 3 069 2 444 Tot Curr Liab 384 548 655 684 349 649 473 915 76 849
Fixed Ass 5 072 9 603 10 378 8 997 8 193 PER SHARE STATISTICS (cents per share)
Inv & Loans 426 791 826 777 700 HEPLU-C (ZARc) 43.33 86.63 82.78 79.85 77.21
Tot Curr Ass 24 986 25 968 27 971 25 963 23 618 DPLU (ZARc) 41.59 81.27 78.86 75.98 68.25
Ord SH Int 5 312 10 374 10 215 9 782 8 202 NAV (ZARc) 1 210.00 1 220.00 1 178.00 1 148.00 1 130.00
Minority Int - - 7 227 178 3 Yr Beta - 0.10 0.07 0.03 0.41 0.65
LT Liab 14 112 17 836 21 532 20 792 20 571 Price Prd End 1 025 970 835 735 850
Tot Curr Liab 25 259 29 070 29 746 26 317 23 117 Price High 1 098 1 035 899 899 960
PER SHARE STATISTICS (cents per share) Price Low 881 750 672 690 495
HEPS-C (ZARc) 768.90 896.00 826.00 1 160.50 1 196.20 RATIOS
DPS (ZARc) - - - 400.00 816.00 RetOnSH Funds 10.82 13.39 11.79 6.99 6.17
NAV PS (ZARc) 2 758.17 5 386.60 5 303.73 5 201.00 4 350.50 RetOnTotAss 7.48 7.24 7.94 8.21 7.63
3 Yr Beta 0.53 0.58 0.49 0.10 0.08 Debt:Equity 0.33 0.40 0.48 0.45 0.67
Price High 15 168 14 064 16 651 20 323 21 347 OperRetOnInv 8.13 7.44 8.81 9.13 7.76
Price Low 9 564 8 558 8 945 12 909 17 111 OpInc:Turnover 57.54 58.47 59.49 59.61 59.48
Price Prd End 9 860 13 554 11 628 14 336 19 642
RATIOS
Ret on SH Fnd - 90.89 3.39 4.33 22.18 26.36
Oper Pft Mgn 1.51 2.03 1.72 2.53 2.65
D:E 2.88 2.23 2.52 2.44 2.80
Current Ratio 0.99 0.89 0.94 0.99 1.02
Div Cover - - - 2.80 1.44
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