Page 187 - Profile's Stock Exchange Handbook - 2026 Issue 2

Profile’s Stock Exchange Handbook: 2026 - Issue 2 JSE - SPU
Spur Corporation Ltd. Stadio Holdings Ltd.

ISIN: ZAE000022653 SHORT: SPURCORP CODE: SUR ISIN: ZAE000248662 SHORT: STADIO CODE: SDO
REG NO: 1998/000828/06 FOUNDED: 1967 LISTED: 1999 REG NO: 2016/371398/06 FOUNDED: 2017 LISTED: 2017
NATURE OF BUSINESS: Spur Corporation Ltd. (company registration NATURE OF BUSINESS: STADIO Holdings facilitates the widening
number: 1998/000828/06), which is domiciled and incorporated of access to quality and relevant higher education programmes
in the Republic of South Africa and listed on the JSE Ltd., the in southern Africa through its three prestigious higher education
recognised securities exchange in South Africa, is an investment institutions, Milpark Education, STADIO Higher Education and AFDA.
holding company. Through various subsidiaries, the group carries SECTOR: ConsDiscr--ConsProducts&Servcs--ConsServcs--EducationServcs
on the business of franchisor in predominantly the family sit-down NUMBER OF EMPLOYEES: 1 193
and quick service restaurant markets. DIRECTORS: Brown Dr T H (ind ne), de Waal P N (ne), Fourie G M (ind ne),
SECTOR: ConsDisr--Travel&Leis--Travel&Leis--Resturants&Bars Mellet A (alt), Mokhobo R D (ind ne), Mokoka M G (ind ne), Singh D,
NUMBER OF EMPLOYEES: 434 Vilikazi Dr C B (ind ne), Maphai Dr T V (Chair, ind ne), Vorster C P D (CEO),
DIRECTORS: Boggenpoel J (ind ne), Fernandez C (ind ne), Henda V, Kula I (CFO)
Molebatsi L (ind ne), Parker A C (ind ne), Zinn S A (ld ind ne), MAJOR ORDINARY SHAREHOLDERS as at 2 Apr 2026
Bosman M J (Chair, ind ne), Nichas V (CEO), Robertson K (COO), Coronation Fund Managers Ltd. 25.01%
Teixeira C (CFO) PSG Group (Pty) Ltd. 20.50%
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025 ThembiSA Investco 2 (Pty) Ltd. 5.10%
Coronation Fund Managers 15.90% POSTAL ADDRESS: PO Box 2161, Durbanville, 7551
Allan Gray 10.00% MORE INFO: www.sharedata.co.za/sdo/jse/SDO
Foord Asset Management (Pty) Ltd. 5.30% COMPANY SECRETARY: Stadio Corporate Services (Pty) Ltd.
POSTAL ADDRESS: PO Box 166, Century City, 7446 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/SUR SPONSOR: PSG Capital (Pty) Ltd.
COMPANY SECRETARY: Donfrey Meyer AUDITORS: PwC Inc.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. CAPITAL STRUCTURE Authorised Issued
SPONSOR: Questco Corporate Advisory (Pty) Ltd. SDO Ords no par val 2 000 000 000 845 786 364
AUDITORS: PwC Inc.
CAPITAL STRUCTURE Authorised Issued DISTRIBUTIONS [ZARc]
Ldt
Amt
Pay
SUR Ords 0.001c 201 000 000 90 996 932 Ords no par val 21 Apr 26 28 Apr 26 18.40
Final No 5
DISTRIBUTIONS [ZARc] Final No 4 22 Apr 25 29 Apr 25 15.10
Ords 0.001c Ldt Pay Amt LIQUIDITY: Apr26 Avg 2m shares p.w., R26.4m(15.3% p.a.)
Interim No 51 17 Mar 26 23 Mar 26 120.00
Final No 50 9 Sep 25 15 Sep 25 193.00
LIQUIDITY: Apr26 Avg 446 733 shares p.w., R16.4m(25.5% p.a.)

FINANCIAL STATISTICS
Dec 25 Dec 24 Dec 23 Dec 22 Dec 21
(R ‘000) Final Final Final Final Final
FINANCIAL STATISTICS Turnover 1 840 997 1 611 665 1 413 650 1 213 812 1 097 768
Dec 25 Jun 25 Jun 24 Jun 23 Jun 22
(R ‘000) Op Inc 471 335 380 151 320 066 276 328 212 821
Interim Final Final Final Final NetIntPd(Rcvd) - 6 046 - 1 868 - 3 963 6 612 12 157
Turnover 2 180 457 3 863 166 3 473 648 3 045 201 2 391 192 Minority Int 13 681 13 943 28 015 20 850 11 435
Op Inc 235 249 376 057 312 016 292 459 208 921 Att Inc 327 540 261 939 208 247 165 638 126 005
NetIntPd(Rcvd) - 8 771 - 25 180 - 29 580 - 25 965 - 747 TotCompInc/Loss 341 221 275 882 236 262 186 488 137 440
Minority Int 8 712 13 685 11 064 8 834 7 105 Fixed Ass 1 122 072 889 425 872 281 866 846 810 319
Att Inc 163 869 273 067 233 598 212 176 121 235 Inv & Loans 5 033 4 882 16 244 14 740 9 190
TotCompInc/Loss 167 747 293 066 242 869 224 094 127 194 Tot Curr Ass 401 290 379 816 363 070 316 657 196 014
Fixed Ass 109 056 101 546 105 988 87 202 92 516 Ord SH Int 2 075 583 1 956 912 1 794 569 1 772 185 1 651 949
Inv & Loans - - - - 350 Minority Int 69 571 66 770 67 633 109 517 99 228
Tot Curr Ass 827 902 867 214 713 486 690 892 558 637 LT Liab 182 077 145 803 132 195 173 451 187 968
Ord SH Int 864 956 903 409 820 891 738 142 673 306 Tot Curr Liab 347 407 219 834 321 591 226 012 229 500
Minority Int 20 314 21 598 14 167 13 567 12 711 PER SHARE STATISTICS (cents per share)
LT Liab 157 455 123 928 124 663 87 303 92 187 HEPS-C (ZARc) 38.50 31.40 24.50 20.00 17.00
Tot Curr Liab 465 544 485 002 428 185 327 941 269 772 DPS (ZARc) 18.40 15.10 10.00 8.90 4.70
PER SHARE STATISTICS (cents per share) NAV PS (ZARc) 245.00 231.00 212.00 209.00 195.00
HEPS-C (ZARc) 202.57 339.88 291.02 261.18 144.22 3 Yr Beta 0.42 0.27 0.30 0.76 1.08
DPS (ZARc) 120.00 299.00 213.00 192.00 127.00 Price High 1 339 749 565 500 400
NAV PS (ZARc) 950.53 1 118.55 1 012.27 907.44 814.39 Price Low 662 380 380 299 179
3 Yr Beta - 0.14 - 0.04 0.01 0.09 0.74 Price Prd End 1 330 690 522 491 375
Price High 4 100 3 849 3 700 2 599 2 699 RATIOS
Price Low 3 207 2 858 2 250 1 850 1 488 Ret on SH Fnd 15.91 13.63 12.69 9.91 7.85
Price Prd End 3 826 3 290 3 400 2 335 2 055 Oper Pft Mgn 25.60 23.59 22.64 22.77 19.39
RATIOS D:E 0.15 0.09 0.07 0.09 0.12
Ret on SH Fnd 38.99 31.00 29.30 29.40 18.71 Current Ratio 1.16 1.73 1.13 1.40 0.85
Oper Pft Mgn 10.79 9.73 8.98 9.60 8.74 Div Cover 2.10 2.05 2.45 2.19 3.17
D:E 0.21 0.18 0.23 0.12 0.13
Current Ratio 1.78 1.79 1.67 2.11 2.07
Div Cover 1.70 1.13 1.35 1.35 1.14

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