Page 88 - Profile's Stock Exchange Handbook - 2026 Issue 2
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JSE - BOW                               Profile’s Stock Exchange Handbook: 2026 - Issue 2
                 Bowler Metcalf Ltd.                         Boxer Retail Ltd.

        ISIN: ZAE000030797   SHORT: BOWCALF   CODE: BCF  ISIN: ZAE000339891   SHORT: BOXER   CODE: BOX
        REG NO: 1972/005921/06   FOUNDED: 1972   LISTED: 1987  REG NO: 2024/392006/06   FOUNDED: 1977   LISTED: 2024
        NATURE  OF  BUSINESS:  The  group  carries  on  the  business  of   NATURE OF BUSINESS: The Group has a 47-year history and is South
         manufacturing plastics, plastic mouldings and carbonated soft drinks.  Africa’s fastest growing supermarket chain over the past few years,
        SECTOR: Inds--IndsGoods&Services--GeneralIndustr--Cont&Pckgng  with leading market share of the discount market. Boxer provides
        NUMBER OF EMPLOYEES: 804                   a  focused  range  of  quality  affordable  products  and  services  to
        DIRECTORS: Gillett Sonnenberg S J (ld ind ne), MacGillivray F C   customers in the lower- to-middle-income urban, peri-urban and
         (ind ne), van Duyn D (ne), Brain M (Chair, ld ind ne), Sass P F (CEO),   rural South African and Eswatini communities.
         Böhler G A (CFO)                         SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Food
        MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025   NUMBER OF EMPLOYEES: 32 000
         Camissa Asset Management (Pty) Ltd.   16.40%   DIRECTORS: Boggenpoel J (ind ne), Formby J (ne),
         Aylett & Co                       13.97%   Maponya C M (ld ind ne), Molefe D (ind ne), Robertson C H (ind ne),
         Old Mutual                         4.06%  Summers S (ne), Masojada M A (CEO), Wayne D (CFO)
        POSTAL ADDRESS: PO Box 92, Ottery, 7808   MAJOR ORDINARY SHAREHOLDERS as at 11 Mar 2025
        MORE INFO: www.sharedata.co.za/sdo/jse/BCF  Pick n Pay Retailers (Pty) Ltd.   65.59%
        COMPANY SECRETARY: Andre C September       Public Investment Corporation (SOC) Ltd.   5.23%
        TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.  POSTAL ADDRESS: 41 Boulevard, Westway Office Park, Westville,
        SPONSOR: AcaciaCap Advisors Sponsors (Pty) Ltd.  Kwa-Zulu Natal, 3629
        AUDITORS: Mazars Inc.                     MORE INFO: www.sharedata.co.za/sdo/jse/BOX
        CAPITAL STRUCTURE      Authorised  Issued  COMPANY SECRETARY: Vaughan Ian Pierce
        BCF    Ords no par val     189 850 000     74 703 569  TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
                                                  SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA))
        DISTRIBUTIONS [ZARc]                      AUDITORS: Ernst & Young Inc.
        Ords no par val   Ldt      Pay       Amt  CAPITAL STRUCTURE      Authorised   Issued
        Interim No 73  24 Mar 26  30 Mar 26  29.00  BOX   Ords no par val      -     457 407 408
        Final No 72    21 Oct 25  27 Oct 25  44.00
        LIQUIDITY: Apr26 Avg 100 731 shares p.w., R1.4m(7.0% p.a.)  DISTRIBUTIONS [ZARc]
                                                  Ords no par val   Ldt       Pay      Amt
                                                  Interim No 1    2 Dec 25  8 Dec 25  45.30
                                                  Ords no par val   Ldt       Pay      Amt
                                                  Interim No 1    2 Dec 25  8 Dec 25  45.30
                                                  LIQUIDITY: Apr26 Avg 3m shares p.w., R214.1m(35.3% p.a.)


        FINANCIAL STATISTICS
                    Dec 25   Jun 25  Jun 24   Jun 23   Jun 22
        (R ‘000)
                    Interim  Final  Final  Final  Final
        Turnover    497 300  945 851  860 914  717 012  673 100
        Op Inc       82 000  142 524  120 866  72 837  100 000
        NetIntPd(Rcvd)  - 11 900  - 21 446 - 25 462  - 19 542  - 14 400  FINANCIAL STATISTICS  Aug 25   Mar 25
        Att Inc      68 500  121 916  107 325  68 698  82 700  (R ‘000)
        TotCompInc/Loss  68 500  121 916  107 325  68 698  82 700      Interim        Final
        Fixed Ass   417 100  405 873  353 033  273 447  247 200  Turnover  22 518 000  42 344 000
                                                  Op Inc
                                                                                    2 308 000
                                                                       931 000
        Inv & Loans  77 100  74 489  49 621  68 615  72 000
        Tot Curr Ass  569 000  539 129  514 258  494 803  479 000  NetIntPd(Rcvd)  231 000  367 000
        Ord SH Int  915 000  875 797  801 926  728 180  704 300  Att Inc  502 000   1 383 000
                                                                                    1 387 000
                                                  TotCompInc/Loss
                                                                       502 000
        LT Liab      56 400  54 794  39 015  30 576  28 300  Fixed Ass  3 991 000   3 807 000
        Tot Curr Liab  99 300  100 041  76 998  84 773  75 300  Inv & Loans  123 000  126 000
        PER SHARE STATISTICS (cents per share)    Tot Curr Ass        6 017 000     4 644 000
        HEPS-C (ZARc)  100.18  180.09  161.38  102.96  116.25  Ord SH Int  2 428 000  1 942 000
        DPS (ZARc)    73.00  69.00  61.80  40.40  46.40  LT Liab      4 976 000     5 000 000
        NAV PS (ZARc)  1 224.84  1 172.00 1 074.00  975.00  925.10  Tot Curr Liab  7 056 000  5 791 000
        3 Yr Beta    - 0.52  - 0.45  - 0.22  0.32  0.42  PER SHARE STATISTICS (cents per share)
        Price High    1 850  2 050  1 200  1 100  1 300
        Price Low     1 251  1 100  690  800  901  HEPS-C (ZARc)        114.28        413.76
                                                                        45.30
        Price Prd End  1 399  1 285  1 100  1 000  965  DPS (ZARc)      530.82        424.57 -
                                                  NAV PS (ZARc)
        RATIOS                                    Price High            7 559          6 975
        Ret on SH Fnd  14.97  13.92  13.38  9.43  11.74  Price Low      6 001          6 150
        Oper Pft Mgn  16.49  15.07  14.04  10.16  14.86  Price Prd End  7 014          6 719
        D:E           0.06  0.06  0.05  0.04  0.04
        Current Ratio  5.73  5.39  6.68  5.84  6.36  RATIOS
        Div Cover     1.37  2.58  2.53  2.45  2.51  Ret on SH Fnd       41.35          71.22
                                                  Oper Pft Mgn           4.13          5.45
                                                  D:E                    2.05          2.91
                                                  Current Ratio          0.85          0.80
                                                  Div Cover              2.44            -
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