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MTNZF Trading statement for the year ended 31 December 2024
MTN Zakhele Futhi RF Ltd
(Incorporated in the Republic of South Africa)
(Registration number 2016/268837/06)
(Share code MTNZF)
(ISIN: ZAE000279402)
(MTNZF or the Company)
MTNZF Trading statement for the year ended 31 December 2024
MTNZF is currently in the process of finalising its results for the year ended 31 December 2024 (FY 24) and
provides this trading statement in accordance with paragraph 3.4(b)(i) of the JSE Limited Listings
Requirements (JSE Listings Requirements).
The JSE Listings Requirements require that issuers publish a trading statement as soon as they are satisfied
that a reasonable degree of certainty exists that the financial results for the period to be reported upon next
will differ by at least 20% from the financial results for the previous corresponding period.
Accordingly, due to the re-measurement of the derivative financial instrument from a loss for the year
ended 31 December 2023 (FY 23) to a gain in FY 24, shareholders are advised that MTNZF expects to report
an increase in earnings per share (EPS)/headline earnings per share (HEPS) against FY 23 of greater than
100%.
FY 24 Expected FY 23 Change Percentage Change
Range (cents) (cents) (cents) (%)
EPS/HEPS 1,55 – 1,96 (2,06) 3,61 - 4,02 >100
There are no items included in the calculation of profit attributable to shareholders which are required to
be excluded in terms of circular 1/2023, Headline Earnings, in the calculation of HEPS.
In addition, based on the change in the MTN Group Limited share price during FY 24, being R115.50 at 31
December 2023 and R91.99 at 31 December 2024, shareholders are further advised that MTNZF expects
to report a decrease in Net Asset Value per share (NAVPS) against FY 23 results of between (49)% and
(29)%.
FY 24 Expected FY 23 Change Percentage Change
Range (cents) (cents) (cents) (%)
NAVPS 10,91 - 15,17 21,26 (10,35) - (6,09) (49) - (29)
The financial information on which this trading statement is based has not been reviewed and reported
on by the external auditor of MTNZF. The Company's FY 24 audited financial results are expected to be
released on the Stock Exchange News Service of the JSE Limited on or before 20 April 2024.
Release date: 10 February 2025
Sponsor
Tamela Holdings Proprietary Limited
Date: 10-02-2025 10:25:00
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