Sharenet Sites 
Sharenet Sites
Condensed unaudited consolidated interim financial statements for the six months ended 30 June 2025
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
("Metair" or "the group" or "the company")
(Reg No. 1948/031013/06)
JSE and A2X share code: MTA
ISIN code: ZAE000090692
CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2025
Stable OEM customer volumes benefit Metair
Improved operating performance across most subsidiaries
Hesto consolidation reduces complexity and improves visibility
AutoZone integration being bedded down
New debt package provides a sustainable capital structure
Shareholders are advised to refer to the full interim results announcement (which may be accessed via the links provided below) for detailed
commentary in respect of the interim results for the six months ended 30 June 2025.
HIGHLIGHTS (1)(2)
Revenue increased by 53% to R8 657 million
Operating profit before capital items increased by 27% to R450 million
Group headline earnings per share of 65 cents (H1 2024: loss of 3 cents)
(1) Results presented are on a continuing basis (unless otherwise stated), pre-capital items, and include three months of consolidated results
for Hesto and six months for AutoZone.
Six months ended
30 JUNE 30 JUNE
2025 2024
R'000 R'000
(Represented(2)) %
FINANCIAL SUMMARY Unaudited Unaudited Movement
Revenue 8 656 586 5 671 582 53%
Operating profit before capital items 450 029 354 018 27%
Capital items (307 308) 439 (>100%)
Operating profit 142 721 354 457 (60%)
EBITDA(3) 715 618 512 792 40%
Total earnings per share
Basic (loss) per share (cents) (93) (3) (>100%)
Headline earnings/(loss) per share (cents) 65 (3) >100%
Earnings per share from continuing operations
Basic (loss)/earnings per share (cents) (86) 77 (>100%)
Headline earnings per share (cents) 71 77 (8%)
Number of shares in issue ('000) 198 986 198 986
Net asset value per share (cents) 1 301 2 923 (55%)
Cash (utilised by)/generated from operations (122 131) 160 901 (>100%)
(2) Comparative information has been represented to reflect the classification of Mutlu as a discontinued operation and the separate presentation
of capital items.
(3) Earnings before interest, taxes, depreciation and amortisation and capital items.
No dividend has been declared for the six months ended 30 June 2025 (H1 2024: Rnil).
ADDITIONAL INFORMATION
This announcement is the responsibility of the directors of the company. Shareholders are advised that the financial information contained in this
announcement has not been reviewed or reported on by the company's auditors, Ernst & Young, and is the responsibility of the directors of the company.
As the information in this announcement does not provide all the details, any investment decisions should be based on the full results available
through the JSE cloudlink at:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/MTAE/Interim25.pdf , and on Metair's website at:
https://www.metair.co.za/wp-content/uploads/2025/Metair-Interims-Sept-2025.pdf.
RESULTS WEBCAST AND PRESENTATION
An investor webcast of the interim results presentation will be broadcast live on Wednesday, 10 September 2025 at 10h00 (SAST).
Investors are advised to utilise the following link to gain access to the webinar: https://www.corpcam.com/Metair10092025.
The results presentation will be available on the company's website at https://www.metair.co.za/wp-content/uploads/2025/Interim-2025-Presentation.pdf.
Johannesburg
10 September 2025
Registrars
Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Sponsor
One Capital
Investor relations
Aprio Strategic Communications
EXECUTIVE DIRECTORS: PS O'Flaherty (CEO); AJ Walker (CFO)
INDEPENDENT NON-EXECUTIVE DIRECTORS: TN Mgoduso (Chairperson); B Mawasha; PH Giliam; N Ketwa; NL Mkhondo; MH Muell (German); AK Sithebe
COMPANY SECRETARY: SM Vermaak
NOTIFICATION OF CHANGE TO COMPANY'S REGISTERED AND BUSINESS ADDRESS
Shareholders are hereby advised that the company has relocated to new offices and that the new registered and business address of the company
is as follows: 111 Mimetes Road, Denver, Johannesburg, 2011, South Africa. The company's postal address and contact number remain unchanged.
Date: 10-09-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
