Page 81 - Profile's Stock Exchange Handbook - 2026 Issue 2
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Profile’s Stock Exchange Handbook: 2026 - Issue 2                        JSE - ARC
          ArcelorMittal South Africa Ltd.                Argent Industrial Ltd.

       ISIN: ZAE000134961   SHORT: ARCMITTAL   CODE: ACL  ISIN: ZAE000019188   SHORT: ARGENT   CODE: ART
       REG NO: 1989/002164/06  FOUNDED: 1928   LISTED: 1989  REG NO: 1993/002054/06   FOUNDED: 1994   LISTED: 1999
       NATURE OF BUSINESS: ArcelorMittal South Africa is the largest steel   NATURE OF BUSINESS: Argent Industrial Ltd. is largely a steel-based
        producer in sub-Saharan Africa. In 2024, ArcelorMittal made 2.589   beneficiation group with a very diverse portfolio of businesses that
        million tonnes of crude steel. This was 7% lower than the amount   include international brands.
        ArcelorMittal produced in 2023 and 7% higher than its output of   SECTOR: Inds--IndsGoods&Services--IndsSupptServ--Industrial Supplies
        2.408 million tonnes in 2022.            NUMBER OF EMPLOYEES: 1 216
       SECTOR: Basic Materials--Basic Resrcs--Ind Met & Min--Iron & Steel  DIRECTORS: Angus C (ind ne), Christofides P A (ld ind ne),
       NUMBER OF EMPLOYEES: 8 816                 Mapasa K (ind ne), Scharrighuisen T (Chair, ne, Dutch),
       DIRECTORS: Cele L C Z (ind ne), Davey B (ne), Earp D (ind ne),    Hendry T R (CEO, British), Meyer H (FD)
        Gouws G S (ne), Karol R (ne), Maasdorp M (ne), Nicolau N F (ind ne),   MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2025
        Mohale Prof B (Chair, ne), Verster H J (CEO), Griffiths G (CFO)  Saxo Bank   16.34%
       POSTAL ADDRESS: PO Box 2, Vanderbijlpark, 1900  Clearstream Banking SA Luxembourg   9.07%
       MORE INFO: www.sharedata.co.za/sdo/jse/ACL  Citiclient Nominees No 8          7.88%
       COMPANY SECRETARY: FluidRock Co Sec (Pty) Ltd.  POSTAL ADDRESS: PO Box 5108, La Lucia, Ridge Office Estate, 4019
       TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.  MORE INFO: www.sharedata.co.za/sdo/jse/ART
       SPONSOR: Absa Bank Ltd.                   COMPANY SECRETARY: Jaco Dauth
       AUDITORS: Ernst & Young Inc.              TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
       CAPITAL STRUCTURE      Authorised  Issued  SPONSOR: PSG Capital (Pty) Ltd.
       ACL     Ords no par val    1 200 000 000    1 138 059 825  AUDITORS: Forvis Mazars
                                                                                     Issued
                                                                        Authorised
       DISTRIBUTIONS [ZARc]                      CAPITAL STRUCTURE         200 000 000     53 152 967
                                                 ART
                                                         Ords no par val
       Ords no par val   Ldt      Pay       Amt
       Interim        26 Aug 11  5 Sep 11  55.00  DISTRIBUTIONS [ZARc]
       Interim        27 Aug 10  6 Sep 10  150.00  Ords no par val  Ldt      Pay      Amt
       LIQUIDITY: Apr26 Avg 4m shares p.w., R4.8m(18.0% p.a.)  Interim No 51  15 Dec 25  22 Dec 25  67.00
                                                 Final No 50    26 Aug 25  1 Sep 25   67.00
                                                 LIQUIDITY: Apr26 Avg 240 651 shares p.w., R7.2m(23.5% p.a.)


       FINANCIAL STATISTICS
                   Dec 25   Dec 24  Dec 23   Dec 22   Dec 21
       (R million)
                     Final  Final  Final  Final  Final  FINANCIAL STATISTICS
       Turnover     32 291  38 596  41 637  40 771  39 708  (R ‘000)  Sep 25   Mar 25  Mar 24   Mar 23   Mar 22
       Op Inc       - 1 894  - 4 447  - 2 937  3 499  7 976  Interim  Final  Final  Final  Final
       NetIntPd(Rcvd)  1 237  1 372  1 057  952  1 163  Turnover  1 421 806 2 635 638 2 544 216 2 459 359 2 432 702
       Att Inc      - 2 900  - 5 839  - 3 920  2 634  6 625  Op Inc  195 366  370 172  342 729  304 358  264 259
       TotCompInc/Loss  - 2 642  - 5 837  - 3 915  2 655  6 620  NetIntPd(Rcvd)  - 2 186  3 463  303  11 597  11 650
       Fixed Ass     8 919  8 063  8 676  10 307  8 819  Minority Int  4 717  6 790  7 381  5 744  1 868
       Inv & Loans   793   729   683   659   639  Att Inc     142 259  270 016  244 924  230 521  190 208
       Tot Curr Ass  11 281  15 953  19 517  18 851  19 541  TotCompInc/Loss  126 088  274 986  291 446  298 434  183 017
       Ord SH Int    - 317  1 963  7 799  11 675  9 053  Fixed Ass  584 938  547 312  484 127  481 362  456 745
       LT Liab       8 852  7 706  5 061  5 547  5 755  Tot Curr Ass  1 813 745 1 792 506 1 669 964 1 355 022 1 191 456
       Tot Curr Liab  12 591  15 272  16 250  12 779  14 285  Ord SH Int  1 968 246 1 898 602 1 695 724 1 492 955 1 262 210
       PER SHARE STATISTICS (cents per share)    Minority Int  34 029  29 312  26 185  20 038  15 187
       HEPS-C (ZARc)  - 301.00  - 458.00 - 170.00  234.00  615.00  LT Liab  179 745  175 751  139 071  156 351  181 097
       NAV PS (ZARc)  - 28.00  176.00  700.00  1 047.00  812.00  Tot Curr Liab  719 642  752 517  653 690  490 245  521 185
       3 Yr Beta     1.66  0.90  1.99  2.52  2.61  PER SHARE STATISTICS (cents per share)
       Price High    188   239   529  1 134  940  HEPS-C (ZARc)  261.70  493.30  438.50  411.30  339.20
       Price Low      59    86   79    423   99  DPS (ZARc)    67.00  127.00  115.00  95.00  42.00
       Price Prd End  127  134   164   474   888  NAV PS (ZARc)  3 654.90  3 488.10 3 115.40  2 683.60  2 238.30
       RATIOS                                    3 Yr Beta     0.15  0.19  0.24  0.34  0.41
       Ret on SH Fnd  914.83  - 297.45  - 50.26  22.56  73.18  Price High  2 925  2 913  1 940  1 550  1 599
       Oper Pft Mgn  - 5.87  - 11.52  - 7.05  8.58  20.09  Price Low  2 406  1 720  1 380  1 101  880
       D:E          - 37.62  5.79  1.16  0.77  0.88  Price Prd End  2 840  2 510  1 858  1 470  1 348
       Current Ratio  0.90  1.04  1.20  1.48  1.37  RATIOS
                                                 Ret on SH Fnd  14.68  14.36  14.65  15.62  15.04
                                                 Oper Pft Mgn  13.74  14.04  13.47  12.38  10.86
                                                 D:E           0.10  0.10  0.09  0.12  0.18
                                                 Current Ratio  2.52  2.38  2.55  2.76  2.29
                                                 Div Cover     3.93  3.91  3.84  4.35  7.86






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