Page 72 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - AEC Profile’s Stock Exchange Handbook: 2026 - Issue 2
AECI Ltd. Afine Investments Ltd.
ISIN: ZAE000000220
SHORT: AECI CODE: AFE ISIN: ZAE000303947 SHORT: AFINE CODE: ANI
ISIN: ZAE000000238 REG NO: 2020/852422/06 FOUNDED: 2020 LISTED: 2021
SHORT: AECI 5.5%P CODE: AFEP NATURE OF BUSINESS: Afine Investments Ltd. (“Afine”)is a property
REG NO: 1924/002590/06 entity classified as a specialised REIT, managed by its Board, and
FOUNDED: 1924 LISTED: 1966 holds a portfolio of income generating immovable properties
NATURE OF BUSINESS: AECI provides products and services to focused primarily in the petroleum sector, strategically located in
diverse customers across a strategic footprint in 22 countries on 6 four of South Africa’s nine provinces.
continents — Africa, Europe, Asia’s South Eastern region, Australia, SECTOR: RealEstate--RealEstate--REITS--Specialty
North America and South America. NUMBER OF EMPLOYEES: 0
SECTOR: Basic Materials--Chemicals--Chemicals--Chemicals:Diversified DIRECTORS: du Preez G (ne), Kohler D (ld ind ne), Watters M J (Chair,
NUMBER OF EMPLOYEES: 6 938 ind ne), Loubser J T (CEO), Loubser J T (CFO)
DIRECTORS: Coetzer S (ind ne), Dawson S (ind ne), De Buck F F T MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025
(ind ne), Dissinger W (ld ind ne), Mawasha B (ind ne), Mishic O’Brien P KSP Offshore Ltd. 76.82%
(ind ne), Moholi N T (ind ne), Ndlovu J (ind ne), Roets M (ind ne), Black Gold Trust 9.17%
Murray D (Interim CEO), Sibiya P G (Chair, ind ne), Kramer I (CFO) Petroland Group (Pty) Ltd. 6.22%
MAJOR ORDINARY SHAREHOLDERS as at 3 Mar 2026 POSTAL ADDRESS: Unit 4602, Greenways, Strand, 7140
Public Investment Corporation (SOC) Ltd. 18.35% MORE INFO: www.sharedata.co.za/sdo/jse/ANI
PSG Asset Management 9.27% COMPANY SECRETARY: Sonmari Vosloo
Ninety One 7.44% TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
POSTAL ADDRESS: Private Bag X21, Gallo Manor, 2052 SPONSOR: AcaciaCap Advisors (Pty) Ltd.
EMAIL: groupcommunications@aeciworld.com AUDITORS: PKF (Pretoria) Inc.
WEBSITE: www.aeciworld.com CAPITAL STRUCTURE Authorised Issued
TELEPHONE: 011-806-8700 ANI Ords no par val 1 000 000 000 72 536 585
COMPANY SECRETARY: Cheryl Singh DISTRIBUTIONS [ZARc]
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Questco (Pty) Ltd. Ords no par val Ldt Pay Amt
2 Dec 25
8 Dec 25
AUDITORS: Deloitte & Touche Inc. Interim No 8 17 Jun 25 23 Jun 25 22.50
Final No 7
22.30
CAPITAL STRUCTURE Authorised Issued LIQUIDITY: Apr26 Avg 2 096 shares p.w., R9 777.9(0.2% p.a.)
AFE Ords 100c ea 180 000 000 105 517 780
AFEP Prefs 200c ea 3 000 000 3 000 000
DISTRIBUTIONS [ZARc]
Ords 100c ea Ldt Pay Amt
Final No 183 30 Mar 26 7 Apr 26 128.00
Interim No 182 26 Aug 25 1 Sep 25 100.00
LIQUIDITY: Mar26 Avg 2m shares p.w., R149.2m(75.1% p.a.)
AECI 40 Week MA CHES
20000
18000
16000
14000
12000 FINANCIAL STATISTICS
10000 Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
8000 (R ‘000) Interim Final Final Final Final
6000 NetRent/InvInc 24 373 42 328 38 982 37 714 28 375
4000 Total Inc 24 381 42 336 39 086 37 905 28 657
2000
2022 2023 2024 2025 2026 Attrib Inc 18 960 69 773 68 694 32 045 239 398
TotCompInc/Loss 18 960 69 773 53 780 32 045 239 398
FINANCIAL STATISTICS Ord UntHs Int 337 144 334 359 294 327 262 658 227 404
Dec 25 Dec 24 Dec 23 Dec 22 Dec 21
(R million) Final Final(rst) Final(rst) Final Final FixedAss/Prop 410 979 410 983 371 763 337 296 281 517
11 668
10 442
7 969
8 767
10 328
Turnover 32 33 598 34 942 35 583 26 053 Tot Curr Ass 447 768 444 867 408 194 374 089 309 660
Total Ass
Op Inc 1 530 1 544 2 444 2 047 2 052
NetIntPd(Rcvd) 347 521 504 314 207 Tot Curr Liab 4 827 6 041 18 686 17 172 13 315
Tax 853 747 872 803 642 PER SHARE STATISTICS (cents per share)
Minority Int - 19 24 2 26 20 HEPLU-C (ZARc) 26.15 42.12 37.62 38.79 46.23
Att Inc 362 - 283 1 174 927 1 187 DPLU (ZARc) 22.30 41.00 41.10 39.90 27.80
TotCompInc/Loss - 291 - 188 1 273 1 020 1 539 NAV (ZARc) 465.00 461.00 406.00 362.10 355.32
Hline Erngs-CO 1 159 755 1 200 1 358 1 178 3 Yr Beta 0.27 0.28 - - -
Fixed Ass 4 788 6 143 6 933 6 218 5 882
Inv in Assoc 144 141 150 133 122 Price Prd End 485 386 500 460 435
Inv & Loans 342 370 169 354 372 Price High 500 500 500 65 000 435
Def Tax Asset 354 194 189 106 215 Price Low 386 380 300 375 370
Tot Curr Ass 16 605 16 067 16 180 17 292 13 201 RATIOS
Ord SH Int 11 473 12 001 12 244 11 635 11 417
Minority Int 154 163 161 181 166 RetOnSH Funds 11.25 20.87 23.34 12.20 105.27
LT Liab 4 351 6 065 6 485 2 250 4 712 RetOnTotAss 10.89 9.52 9.58 10.13 9.25
Tot Curr Liab 8 418 8 776 9 046 14 354 7 877 Debt:Equity 0.32 0.32 0.38 0.41 0.35
PER SHARE STATISTICS (cents per share) OperRetOnInv 11.86 10.30 10.49 11.18 10.08
EPS (ZARc) 343.00 - 268.00 1 112.00 878.00 1 125.00 OpInc:Turnover 91.38 88.05 87.06 87.12 84.46
HEPS-C (ZARc) 1 098.00 716.00 1 137.00 1 287.00 1 116.00
DPS (ZARc) 228.00 219.00 219.00 774.00 685.00
NAV PS (ZARc) 10 873.05 11 373.44 11 603.73 11 027.00 10 384.00
3 Yr Beta - 0.27 0.12 0.09 0.76 0.80
RATIOS
Ret on SH Fnd 2.95 - 2.13 9.48 8.06 10.42
Ret On Tot Ass 5.33 4.14 8.00 6.98 8.87
Oper Pft Mgn 4 754.06 4.60 6.99 5.75 7.88
D:E 0.45 0.57 0.59 0.72 0.51
Int Cover 4.41 2.96 4.85 6.52 9.91
Current Ratio 1.97 1.83 1.79 1.20 1.68
Div Cover 1.50 - 1.22 5.08 1.13 1.64
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