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Short-Form Announcement: Reviewed Condensed Consolidated Results for the year ended 30 June 2026 and Dividend Announcement
Transpaco Limited
(Incorporated in the Republic of South Africa)
Registration number: 1951/000799/06
ISIN: ZAE000007480
JSE Share code: TPC
("Transpaco" or "the company" or "the group")
SHORT-FORM ANNOUNCEMENT: REVIEWED CONDENSED CONSOLIDATED RESULTS FOR THE YEAR ENDED 30 JUNE 2026
AND DIVIDEND ANNOUNCEMENT
A leading manufacturer and distributor of plastic and paper packaging products
-NAV UP 8,9% TO 3 815 CENTS PER SHARE
-HEPS UP BY 6,8% TO 551,3 CENTS
-TOTAL DIVIDEND PER SHARE 250 CENTS
FINANCIAL RESULTS
Reviewed Audited
2 months 12 months
June 2026 June 2025 % change
Revenue (R' million) 2 403,6 2 387,4 0,7
Operating profit (R' million) 214,1 207,6 3,1
Profit before taxation (R' million) 205,2 200,4 2,4
Earnings and diluted earnings per share (cents) 541,6 517,4 4,7
Headline and diluted headline earnings per share 551,3 516,2 6,8
(cents)
Total gross dividend per share (cents) 250,0 235,0 6,4
Net asset value per share (cents) 3 815,0 3 503,0 8,9
Operating margin (%) 8,9 8,7 2,3
Net interest-bearing debt: equity ratio (%) Net cash 0,6
positive
INTRODUCTION
Transpaco's 3,1% growth in operating profit resulted from a slight increase in revenue, strict control
of expenses and an improvement in gross profit contribution. The South African economy remains stagnant
with weak consumer and business sentiment and challenging trading conditions.
Group revenue increased by 0,7% or R16,2 million to R2,404 billion (June 2025: R2,387 billion) for the
12 months ended 30 June 2026 ("the year").
The Plastics division increased revenue marginally by 4,0%, while Paper experienced a 2,8% decrease in
revenue.
Transpaco's operating profit was up by 3,1% to R214,1 million (June 2025: R207,6 million), resulting
in an operating margin of 8,9% (June 2025: 8,7%).
Net interest paid increased due to the purchase of the Britepak property in the previous financial year,
which has now been held for a full year.
Notwithstanding the increase in headline earnings ("HE") of 4,3%, headline earnings per share ("HEPS")
increased 6,8% to 551,3 cents (June 2025: 516,2 cents), assisted by the share buy-back of one million
shares during March 2025. The benefit from the reduction in issued shares was for a full year as compared
to a weighted average in the previous year.
Following a valuation, a decision was taken to impair goodwill amounting to R3,2 million at a Transpaco
subsidiary.
Notably, revenue in the first six months of the financial year is traditionally greater than in the second
six months due to the seasonal nature of the business.
During the year, management identified that certain discounts and consideration payable to customers had
been recognised as operating expenses in the prior year rather than as a reduction of revenue, as required
by IFRS 15 Revenue from Contracts with Customers. The correction resulted in a reclassification within
the statement of comprehensive income from expenses to revenue. This reclassification had no impact on
profit after tax, total comprehensive income, earnings per share ("EPS"), HEPS, the statement of financial
position, the statement of changes in equity, or the statement of cash flows of Transpaco Group.
Transpaco's robust balance sheet is attributable to the group's continued sound investment strategy,
considered capital allocation and strict working capital management.
DECLARATION OF ORDINARY DIVIDEND IN RESPECT OF THE YEAR ENDED
30 JUNE 2026
The board has declared a final gross cash dividend out of income reserves of 180,0 cents per share,
resulting in total dividends of 250,0 cents per share for the year ended 30 June 2026
(June 2025: 235,0 cents per share). After applying the dividend withholding tax of 20%, a net final dividend
of 144,0 cents per share will be paid to those shareholders who are not exempt from the dividends tax.
The issued shares at the date of declaration are 27 839 388 ordinary shares. The Income Tax reference number
is 9975/112/71/6.
The salient dates for the dividend are as follows:
Last date to trade shares cum dividend Tuesday, 15 September 2026
Shares trade ex-dividend Wednesday, 16 September 2026
Record date Friday, 18 September 2026
Payment date Monday, 21 September 2026
Share certificates may not be dematerialised or rematerialised between Wednesday, 16 September 2026 and Friday,
18 September 2026, both days inclusive.
ADMINISTRATIVE INFORMATION
This short-form announcement is the responsibility of the directors and is only a summary of the information
in the full announcement. The full announcement was released on SENS on 26 August 2026, and can be found on
the company's website at www.transpaco.co.za and on the following JSE link:
https://senspdf.jse.co.za/documents/2026/jse/isse/TPC/FYResults.pdf
Any investment decision should be based on the full announcement published on SENS and on the company's website.
This short form announcement and the results contained herein have been prepared in compliance with the Listings
Requirements of the JSE Limited.
REVIEW BY INDEPENDENT AUDITOR
The group's auditor, BDO South Africa Incorporated, has reviewed the condensed consolidated financial information
for the year. The unmodified review report is available in the full announcement.
On behalf of the board
DJJ Thomas PN Abelheim L Weinberg
Non-Executive Chairman Chief Executive Officer Chief Financial Officer
26 August 2026
DIRECTORS
DJJ Thomas (Chairman)*; PN Abelheim (Chief Executive); L Weinberg (Chief Financial Officer); HA Botha**;
SR Bouzaglou; SY Mahlangu**; SP van der Linde (Lead Independent Director)**
* Non-executive ** Independent non-executive
Auditors
BDO South Africa Incorporated
Company Secretary
HJ van Niekerk
Sponsor
Investec Bank Limited
Registered office
331 6th Street, Wynberg, Sandton
Transfer secretaries Computershare Investor Services (Pty) Limited, Rosebank Towers, 15 Bierman Avenue,
Rosebank, Johannesburg
Website www.transpaco.co.za
Date: 26/08/2026 11:45:00
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