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ADVTECH LIMITED - Interim Results for the Six Months ended 30 June 2025 and Announcement of Dividend Declaration

Release Date: 25/08/2025 08:00
Code(s): ADH     PDF:  
Wrap Text
Interim Results for the Six Months ended 30 June 2025 and Announcement of Dividend Declaration

ADvTECH Limited ("ADvTECH" or "the group" or "the company")
(Incorporated in the Republic of South Africa)
(Registration number: 1990/001119/06)
JSE code: ADH         ISIN number: ZAE000031035
Income taxation number: 9550/190/71/5

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2025 AND ANNOUNCEMENT OF
DIVIDEND DECLARATION

1. Salient features

Revenue increased by 10% to R4 683 million from R4 274 million in the comparable period.

Operating profit before interest and non-trading items increased by 14% to R982 million from R865 million
in the comparable period.

Normalised earnings increased by 16% to R620 million from R535 million in the comparable period.

Normalised earnings per share ("NEPS") increased by 16% to 113.0 cents per share from 97.7 cents per
share in the comparable period.

Headline earnings per share ("HEPS") increased by 15% to 112.7 cents per share from 97.7 cents per
share in the comparable period.

Earnings per share ("EPS") increased by 16% to 113.0 cents per share from 97.6 cents per share in the
comparable period.

An interim dividend of 45.0 cents per share was declared compared to the 38.0 cents per share dividend
declared for the comparable period.

2. Declaration of interim dividend no. 30

In its deliberations, the board considered the strong cash generation of the group and the appropriate
capital structure to optimise the return on equity. The board has resolved to maintain the annual dividend
cover of 2.0 times.

The board is pleased to announce the declaration of an interim dividend of 45.0 cents (2024: 38.0 cents)
per ordinary share in respect of the six months ended 30 June 2025.

This is a dividend as defined in the Income Tax Act, 1962 and is payable from income reserves. The South
African dividend taxation (DT) rate is 20%. The net amount per share payable to shareholders who are not
exempt from DT is 36.0 cents per share, while net amount per share is 45.0 cents for those shareholders
who are exempt from DT.

There are 554 456 252 ordinary shares in issue; the total dividend amount payable is R249.5 million.

The salient dates applicable to the dividend referred to above are as follows:

 Approval of dividend by the board                                           Friday, 22 August 2025
 Announcement of interim results for 2025 on SENS                            Monday, 25 August 2025
 Last day to trade in order to participate in the dividend                Tuesday, 9 September 2025
 Trading commences ex-dividend                                         Wednesday, 10 September 2025
 Record date                                                              Friday, 12 September 2025
 Payment date                                                             Monday, 15 September 2025

Share certificates may not be dematerialised and rematerialised between Wednesday, 10 September
2025, and Friday, 12 September 2025, both days inclusive.

3. Short-form announcement

This short form announcement, which is the responsibility of ADvTECH's directors, is only a summary of
the information in the full announcement and does not contain full or complete details. Any investment
decisions by shareholders and/or investors should be based on consideration of the full announcement
published on SENS on 25 August 2025. The full announcement is available through the following JSE
Cloudlink at:

https://senspdf.jse.co.za/documents/2025/jse/isse/ADH/FY2025H1.PDF

The full announcement is also available for viewing on the company's weblink at:

https://irp.cdn-website.com/24847d5c/files/uploaded/ADvTECH_Longform_June_2025.pdf

Copies of the full announcement may also be requested from ADvTECH's group investor relations at
investorrelations@advtech.co.za.

25 August 2025
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 25-08-2025 08:00:00
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