REINET INVESTMENTS S.C.A - Consolidated audited financial results for the year ended 31 March 2025 and proposed dividend

Consolidated audited financial results for the year ended 31 March 2025 and proposed dividend

Reinet Investments S.C.A. 
(Incorporated in Luxembourg)
ISIN: LU0383812293
Legal Entity Identifier : 222100830RQTFVV22S80
Code: RNI
(the 'Company' or 'Reinet')

CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2025 AND PROPOSED DIVIDEND

The Board of Directors of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the year ended 31 March 2025.


Key financial data
Reinet's net asset value of EUR 6.9 billion reflects a compound growth rate of 9.0 per cent per annum in euro terms, since March 2009, including dividends paid

The net asset value at 31 March 2025 reflects an increase of EUR 731 million or 11.8 per cent from EUR 6 184 million at 31 March 2024

Net asset value per share at 31 March 2025: EUR 38.04 (31 March 2024: EUR 34.02)

Commitments totalling EUR 39 million in respect of new and existing investments were made during the year, with a total of EUR 144 million funded

Sale of remaining 48.3 million British American Tobacco p.l.c. shares for gross proceeds of EUR 1 627 million

Dividends from British American Tobacco p.l.c. during the year amounted to EUR 98 million

Ordinary and special dividends from Pension Insurance Corporation Group Limited during the year amounted to EUR 235 million

Reinet dividend of EUR 0.35 per share, amounting to some EUR 64 million (excluding treasury shares), paid during the year

Proposed Reinet dividend of EUR 0.37 per share payable after the 2025 annual general meeting, increase of 5.7 per cent over prior year (September 2024: EUR 0.35 per share)

This results announcement is published under the responsibility of the Board of Directors of Reinet Investments Manager S.A. and is a summary of the information in the detailed management statement for the year ended 31 March 2025 available on https://senspdf.jse.co.za/documents/2025/JSE/ISSE/RNIE/RMS31Mar.pdf and on the Company's website www.reinet.com/investor-relations/company-announcements.html. This announcement does not contain full details and should not be used as a basis for any investment decision in relation to the Company's shares. The full announcement is available for inspection, at no charge, at the Company's registered office (35, boulevard Prince Henri, L-1724 Luxembourg) during standard office hours. 

The financial data disclosed above relates to Reinet Investments S.C.A. and/or its shares:

JSE share code: RNI    ISIN: LU0383812293
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Cnr Fredman Drive and Rivonia Road, Sandton, 2196 
Telephone: (011) 282 4613 Telefax: (011) 282 4184
27 May 2025

The Company is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), a specialised investment fund also incorporated in Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'.

Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Registered office: 35, Blvd Prince Henri, L-1724 Luxembourg, Telephone + 352 22 42 10, Telefax +352 22 72 53
Email: info@reinet.com, website: www.reinet.com

Date: 27-05-2025 07:30:00
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