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4SIGHT HOLDINGS LIMITED - Reviewed condensed consolidated provisional financial results for the year ended 31 December 2022

Release Date: 29/03/2023 11:00
Code(s): 4SI     PDF:  
Wrap Text
Reviewed condensed consolidated provisional financial results for the year ended 31 December 2022

4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
JSE share code: 4SI ISIN: MU0557S00001
("4Sight" or "the Company" or "the Group")


SHORT FORM ANNOUNCEMENT: REVIEWED CONDENSED CONSOLIDATED PROVISIONAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022


"The Board of Directors is pleased to present the financial results for the year ended 31 December 2022. In 2022, the
Group continued to deliver on the strong foundation laid in the 2021 financial year despite the challenging economic
environment created by the power crisis and continuous interest rate hikes and exchange rate fluctuations. Revenue grew
by an impressive 20% in this challenging climate. 4Sight achieved this by persisting with its dual go-to-market strategy
through direct customer and indirect partner-led engagements. Operating profit grew by 93.9%, illustrating the rigorous
governance and control processes which are in place to sustain profitability on a continuous basis. Despite the share
buyback amounting to R16.0 million executed in November 2022, 4Sight still grew its cash balance by 20.1%." – Tertius
Zitzke (Group CEO)

HIGHLIGHTS

                                                Unit      31 December 2022       31 December 2021          Percentage
 Revenue                                         ZAR           696 008 554            576 812 211               20.7%
 Operating profit                                ZAR            22 075 612             11 383 853               93.9%
 Earnings per share (EPS)                  ZAR cents                 2.378                  1.695               40.3%
 Headline earnings per share (HEPS)        ZAR cents                 2.379                  1.757               35.4%

4Sight Holdings Limited is a public company listed on the JSE AltX, incorporated on 29 June 2017 in accordance with
the laws of the Republic of Mauritius, specifically for the listing of the 4Sight Group on 19 October 2017. As a multi-
national, diversified technology group, our purpose is to leverage our portfolio of 4IR technologies, people and data-
focused solutions to design, develop, deploy and grow solutions for our partners, including both customers and vendors.

REVIEW CONCLUSION AND EMPHASIS OF MATTER

The auditor, Nexia SAB&T ("Nexia"), has issued an unmodified review conclusion on the reviewed condensed
consolidated provisional financial results for the year ended 31 December 2022. The review conclusion includes an
emphasis of matter in respect of a prior period error relating to the recognition of statutory employee tax incentive
income. Nexia's conclusion is not modified in respect of this matter.

A copy of Nexia's report is available for inspection on the Company's website at independent-auditors-review-report

SHORT FORM ANNOUNCEMENT

This short form announcement is the responsibility of the directors and is only a summary of the full announcement
released on SENS on 29 March 2023.

This short form announcement does not contain full or complete details pertaining to the Company's results. Any
investment decisions by investors and/or shareholders should therefore be based on consideration of the full
announcement which may be downloaded from the Company's website at www.4sight.cloud/sens-full-2022 and may
be viewed at the registered offices of the Company and of the designated advisor, or is available electronically by
sending a request to investors@4sight.cloud, at no charge, during normal business hours for a period of 30 days after
the release of this announcement. The full announcement is also available on the JSE's website at
https://senspdf.jse.co.za/documents/2023/jse/isse/4SIE/FY2022.pdf

Directors:
Executive directors:
Tertius Zitzke (Chief Executive Officer), Eric van der Merwe (Financial Director)

Non-executive directors:
Kamil Patel (Chairperson), Johan Nel, Andrew Murgatroyd, Marichen Mortimer, Christopher Crowe, Dr Sidharth
Sharma

Registered office:
Navitas House, Robinson Lane, Floreal, Mauritius

Designated advisor:
Java Capital
6th Floor, 1 Park Lane, Wierda Valley, Sandton, 2196

Company secretary:
Navitas Management Services Limited C/o Navitas Management Services Limited, Navitas House, Robinson Lane,
Floreal, Mauritius

Transfer Secretary:
JSE Investor Services South Africa (Pty) Ltd

29 March 2023


Designated advisor
Java capital

Date: 29-03-2023 11:00:00
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