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Reviewed Condensed Consolidated Results for the year ended 31 March 2025 and Declaration of Ordinary Cash Dividend
FRONTIER TRANSPORT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: FTH
ISIN: ZAE000300505
("Frontier" or the "Company")
REVIEWED CONDENSED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2025 AND
DECLARATION OF ORDINARY CASH DIVIDEND
FINANCIAL HIGHLIGHTS
- Revenue: R3 037.003m, up 16.5% (March 2024: R2 605.820m)
- Headline earnings per share: 127.79 cents, down 3.5% (March 2024: 132.40 cents)
- Earnings per share: 130.19 cents, down 2.9% (March 2024: 134.01 cents)
- Net asset value: R1 626.624m, up 17.8% (March 2024: R1 381.031m)
- Ordinary cash dividends (interim and final): 63.10 cents, up 30.4% (March 2024: 48.4 cents)
The condensed consolidated financial statements for the year ended 31 March 2025 have been reviewed by BDO South Africa
Incorporated, who expressed an unmodified review conclusion. The auditor's report does not necessarily report on all the
information contained in the financial results. Any reference to future financial performance included in this announcement
has not been reviewed nor reported on.
This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in
the full announcement and does not contain full or complete details. Any investment decision should be based on the full
announcement, which can be accessed from Thursday, 29 May 2025, via the JSE link and also available on the Company's
website at www.frontiertransport.co.za
The JSE link is as follows: https://senspdf.jse.co.za/documents/2025/jse/isse/FTHE/YE25.pdf
DECLARATION OF ORDINARY CASH DIVIDEND TO SHAREHOLDERS
The directors have approved and declared a final ordinary dividend of 37.2 cents (gross) per Frontier share for the year
ended 31 March 2025 from income reserves (2024: 24.2 cents (gross)).
The salient dates for the payment of this dividend are as follows:
Last day to trade cum dividend Tuesday, 17 June 2025
Commence trading ex-dividend Wednesday, 18 June 2025
Record date Friday, 20 June 2025
Payment date Monday, 23 June 2025
Share certificates may not be dematerialised or rematerialised between Wednesday, 18 June 2025, and Friday, 20 June 2025,
both days inclusive.
In terms of legislation applicable to Dividends Tax ("DT") the following additional information is disclosed:
- The final ordinary dividend shall constitute a "dividend" as defined in the Income Tax Act, 58 of 1962.
- The local DT rate is 20%.
- The number of ordinary shares in issue at the date of the declaration is 292 843 393.
- The DT amounts to 7.44000 cents per share for the final ordinary dividend.
- The net local dividend amount is 29.76000 cents per share for the final ordinary dividend for all shareholders who are
not exempt from the DT.
- Frontier's income tax reference number is 9754/276/16/1.
In terms of DT legislation, any DT amount due will be withheld and paid over to the South African Revenue Service by
a nominee company, stockbroker or Central Securities Depository Participant (collectively "regulated intermediary") on
behalf of shareholders. All shareholders should declare their status to their regulated intermediary as they may qualify for
a reduced DT rate or exemption.
Cape Town
29 May 2025
Sponsor
Investec Bank Limited
Date: 29-05-2025 02:00:00
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