Wrap Text
Unaudited condensed consolidated interim financial results and cash dividend declaration
for the six months ended 30
Tsogo Sun Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/002108/06)
Share code: TSG, ISIN: ZAE000273116
JSE Alpha code: TSGI
("Tsogo Sun" or "the company" or "the group")
Unaudited condensed consolidated interim financial results and cash dividend declaration
for the six months ended 30 September 2025
Income R5.6 billion down 1%
Operating costs (R3.9 billion) - 0%
Adjusted EBITDA* R1.7 billion down 3%
Headline earnings R769 million up 1%
Earnings per share 64.9 cents down 7%
Headline earnings per share 73.9 cents up 1%
Interim dividend per share 15 cents down 50%
NIBD and guarantees R6.8 billion reduced 7%
* Adjusted EBITDA is a non-IFRS measure as defined in the full announcement
FINANCIAL
Total income of R5.56 billion was generated for the six months ended 30 September 2025 ("this period"), and
adjusted EBITDA declined by 3% to R1.72 billion.
Headline earnings increased by 1% to R769 million for this period compared to R759 million for the prior comparative
period.
DEBT
NIBD and guarantees ("net debt") as at 30 September 2025 reduced to R6.80 billion from R7.19 billion at 31 March 2025,
being a reduction of R386 million for this period. The net debt to adjusted EBITDA ratio, as measured for covenant
purposes, at 30 September 2025, amounted to a 2.01 times multiple (compared to a 2.09 times multiple at 31 March 2025).
DIVIDEND
The board of directors has resolved to declare an interim gross cash dividend of 15.0 (fifteen) cents per share in
respect of the six months ended 30 September 2025 from distributable reserves. The dividend will be paid in cash to
shareholders recorded in the register of the company at close of business Friday, 19 December 2025. The number of
ordinary shares in issue at the date of this declaration is 1 033 645 633. The dividend will be subject to a local
dividend tax rate of 20%, which will result in a net dividend of 12.0 (twelve) cents per share to those shareholders
who are not exempt from paying dividend tax. The company's income tax reference number is 9250039717.
The salient dates are as follows:
Last date to trade cum dividend Monday, 15 December 2025
Trading ex-dividend commences Wednesday, 17 December 2025
Record date Friday, 19 December 2025
Payment date Monday, 22 December 2025
Share certificates may not be dematerialised or re-materialised from Wednesday, 17 December 2025 to Friday,
19 December 2025, both days inclusive.
IMPORTANT INFORMATION
This short form announcement is the responsibility of the board of directors of Tsogo Sun and is only a summary of the
information contained in the full announcement, and therefore does not contain full or complete details. Any investment
decisions by investors and/or shareholders should be based on consideration of the full announcement as a whole which
is available at https://senspdf.jse.co.za/documents/2025/jse/isse/TSGE/Interims.pdf and on the group's website at
https://www.tsogosun.com/investors/financial-results.
Fourways
27 November 2025
EQUITY SPONSOR: Investec Bank Limited, 100 Grayston Drive, Sandton, 2196 (PO Box 785700, Sandton, 2146)
DEBT SPONSOR: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 3rd Floor, Block F,
135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton, 2196 (PO Box 1144, Johannesburg, 2000)
http://www.tsogosun.com
Date: 27-11-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
