NETCARE LIMITED - Netcare Limited Unaudited Interim Group Results for the six months ended 31 March 2025 and cash dividend declaration

Netcare Limited Unaudited Interim Group Results for the six months ended 31 March 2025 and cash dividend declaration

Netcare Limited 
("Netcare", "the Company" or "the Group")
Registration number: 1996/008242/06 
(Incorporated in the Republic of South Africa)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
A2X share code: NTC

Unaudited Interim Group Results for the six months ended 31 March 2025 
and cash dividend declaration

Group EBITDA up 8.9% to R2.3 billion
Adjusted HEPS up 20.0% to 58.8 cents
Interim dividend 36.0 cents

Summarised Group financial information                                                                                                                           
                                           Unaudited six months 
                                                  ended              
                                           31 March   31 March        %
Rm                                             2025       2024   change
Statement of profit and loss
Revenue                                      12 677     12 034      5.3
EBITDA(1)                                     2 347      2 156      8.9
Operating profit(1)                           1 663      1 491     11.5
Profit for the period                           826        708     16.7
Statement of financial position
Total assets                                 27 776     27 972     (0.7)
Total liabilities                            16 966     16 837      0.8
Total shareholders' equity                   10 810     11 135     (2.9)
Net debt (excluding lease liabilities)        5 626      5 841     (3.7)
Earnings and dividend per share (cents)
Basic earnings per share                       59.3       48.7     21.8
Diluted earnings per share                     59.1       48.7     21.4
Headline earnings per share                    59.1       48.9     20.9
Adjusted headline earnings per share(2)        58.8       49.0     20.0
Interim dividend per share                     36.0       30.0     20.0
1. Defined in the unaudited interim Group results.
2. This is a non-IFRS measure and is defined in the unaudited interim Group results.

Declaration of dividend number 29
Notice is hereby given of the declaration of a gross interim dividend of 
36.0 cents per ordinary share in respect of the six months ended 31 March 2025. 
The dividend has been declared from income reserves and is payable to shareholders
recorded in the register at the close of business on Friday, 11 July 2025. The number 
of ordinary shares (inclusive of treasury shares), in issue at the date of this 
declaration is 1 364 628 089.

The dividend will be subject to a local dividend withholding tax at a rate of 20%, 
which will result in a net final dividend to those shareholders not exempt from 
paying dividend withholding tax of 28.8 cents per ordinary share and 
36.0 cents per ordinary share for those shareholders who are exempt from dividend 
withholding tax. The Board has confirmed by resolution that the solvency and liquidity 
test as contemplated by the Companies Act 71 of 2008 has been duly considered, applied 
and satisfied.

The salient dates applicable to the dividend are as follows:

Last day to trade cum dividend          Tuesday, 8 July 2025
Trading ex-dividend commences         Wednesday, 9 July 2025
Record date                             Friday, 11 July 2025
Payment date                            Monday, 14 July 2025

Share certificates may not be dematerialised nor rematerialised between 
Wednesday, 9 July 2025 and Friday, 11 July 2025, both dates inclusive.

On Monday, 14 July 2025, the dividend will be electronically transferred to 
the bank accounts of all certificated shareholders. Holders of dematerialised 
shares will have their accounts credited at their participant or broker on
Monday, 14 July 2025.

Netcare Limited's tax reference number is 9999/581/71/4.

This short-form announcement is the responsibility of the directors of the Company 
and is only a summary of the full announcement, which is published on the Company's
website on http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results, 
and does not contain complete or full details. Any investment decisions by investors 
and/or shareholders should be based on consideration of the full announcement.

The full announcement can be accessed directly using the following JSE link:
https://senspdf.jse.co.za/documents/2025/jse/isse/NTC/ie2025.pdf.

The full announcement is also available for inspection at the Company's registered 
office by investors and/or shareholders at no charge, during normal business hours.

19 May 2025

Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010

Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer)

Non-executive directors: A Maditse (Chairperson), B Bulo, L Human, I Kirk, R Phillips, L Stephens

Company Secretary: C Vikisi

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 135 Rivonia Road, 
Sandown, 2196

Transfer secretaries: CTSE Registry Services, The District Building, Office B6 6th Floor, 41 Sir Lowry Road, 
Woodstock, Cape Town 7925

Tel: 011 100 8352

Investor relations: investor.relations@netcare.co.za


Date: 19-05-2025 08:00:00
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