NETCARE LIMITED - Netcare Limited Annual results for the year ended 30 September 2025 and cash dividend declaration

Netcare Limited Annual results for the year ended 30 September 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

Netcare Limited Annual results for the year ended 30 September 2025 and 
cash dividend declaration

 - Group EBITDA up 9.7% to R4.9 billion
 - Adjusted HEPS up 20.7% to 137.2 cents
 - Total dividends 85.0 cents

Group financial information

                                                   Year ended
                                          30 September   30 September        %
Rm                                                2025           2024   change
Statement of profit and loss
Revenue                                         26 344         25 202      4.5
EBITDA1                                          4 928          4 491      9.7
Operating profit1                                3 575          3 159     13.2
Profit for the year                              1 810          1 547     17.0
Statement of financial position
Total assets                                    29 225         28 391      2.9
Total liabilities                               18 237         17 419      4.7
Total shareholders' equity                      10 988         10 972      0.1
Net debt (excluding lease liabilities)           5 478          5 306      3.2
Earnings and dividends per share (cents)
Basic earnings per share                         135.3          110.4     22.6
Diluted earnings per share                       132.9          108.9     22.0
Headline earnings per share                      133.7          113.0     18.3
Adjusted headline earnings per share2            137.2          113.7     20.7
Total dividends per share3                        85.0           70.0     21.4

1. Defined in the Audited Consolidated Annual Financial Statements.
2. This is a non-IFRS measure and is defined in the Audited Consolidated Annual Financial 
   Statements.
3. Comprises interim and final dividends of 36.0 and 49.0 cents per share, respectively.

Netcare's independent auditor, Deloitte & Touche, has issued its unmodified opinion on the 
consolidated annual financial statements for the year ended 30 September 2025, which can 
be accessed via the Netcare Investor Relations 
website at http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results.

This short-form announcement is the responsibility of the directors of the Company and is only a 
summary of the audited consolidated annual financial statements, 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 audited consolidated annual financial 
statements. This short-form announcement is extracted from audited results but is itself not 
audited.

The audited consolidated annual financial statements can be accessed directly using the following 
JSE link: https://senspdf.jse.co.za/documents/2025/jse/isse/NTC/ye2025.pdf

24 November 2025

Declaration of dividend number 30
Notice is hereby given of the declaration of a gross final dividend of 49.0 cents per ordinary 
share in respect of the year ended 30 September 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,23 January 2026. 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 39.2 cents per ordinary share and 49.0 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 dividends are as follows:
Last day to trade cum dividend                                       Tuesday, 20 January 2026
Trading ex-dividend commences                                      Wednesday, 21 January 2026
Record date                                                           Friday, 23 January 2026
Payment date                                                          Monday, 26 January 2026

Share certificates may not be dematerialised nor rematerialised between Wednesday, 
21 January 2026 and Friday, 23 January 2026, both dates inclusive.

On Monday, 26 January 2026, the dividends 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, 26 January 2026.

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

FY 2025 Group financial results webcast
Shareholders are advised that Netcare will be holding an annual results webcast
on: https://www.netcare.co.za/Netcare-Investor-Relations on Monday,
24 November 2025 at 9:00am. The investor presentation will be made available
on the Netcare website thereafter.

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), L Human, I Kirk, B Mathe, 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 Lowry Road,
                      Woodstock, Cape Town, 7925. Tel: 011 100 8352

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


Date: 24-11-2025 07:30:00
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