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Audited Annual Consolidated Results and Cash Dividend declaration for the year ended 31 March 2025
Invicta Holdings Limited and its subsidiaries ("Invicta" or "the Company" or "the Group")
(Incorporated in the Republic of South Africa)
Registration number 1966/002182/06
Share code: IVT
ISIN: ZAE000029773
To view the full announcement please visit our website at http://www.invictaholdings.co.za
Audited annual consolidated results and cash dividend declaration for the year ended 31 March 2025
Invicta is pleased to report a strong set of results for the 2025 financial year end, reflecting the resilient and consistent
performance of our core operations. Throughout the year, we remained focused on streamlining our business,
enhancing efficiency, and executing key strategic initiatives.
Several acquisitions and disposals took place:
- Redemption of all 6.9 million outstanding preference shares for R703 million, unlocking additional value for
ordinary shareholders.
- Repurchase and cancellation of 4.9 million ordinary shares for R157 million.
- Acquisition of 100% of Nationwide Bearing Company Limited in the United Kingdom.
- Disposal of 100% shareholding in KMP Holdings to our 48.8% joint venture Kian Ann Engineering Pte. Ltd.
- Both transactions were effective 1 April 2024.
- The property owned by our Kian Ann joint venture in Singapore was disposed of and the operations moved to
China, which resulted in a once-off profit attributable to Invicta of R222 million (231 cents), which accounted for
a substantial portion of the 57% increase in basic earnings per share.
Results summary:
- Revenue grew by 6%.
- Operating profit before foreign exchange movements for the period was 21% higher than the prior year.
- HEPS and sustainable HEPS increased by 14% and 13% respectively.
- Net Asset Value per share increased by 13%.
- Cash on hand of R800 million.
31 March 31 March %
FINANCIAL SUMMARY 2025 2024 Change
Shareholder's equity*** R'000 5 451 816 5 770 060 (6)
Revenue R'000 8 111 903 7 648 557* 6
Operating profit before net finance income on
financing transactions and foreign exchange movements R'000 765 431 630 962* 21
Profit for the year R'000 785 864 584 117 35
Basic earnings per share cents 773 492 57
Headline earnings per share cents 534 470 14
Sustainable headline earnings per share** cents 553 488 13
Net asset value per ordinary share cents 5 931 5 250 13
Dividend per share cents 115 105 10
* Prior year represented to present KMP Holdings as a discontinued operation.
** Please refer to note 34 of the Audited Annual Consolidated Financial Statements ("AFS") for the computation of sustainable
headline earnings per share.
*** The decline in shareholder's equity is as a result of the redemption of all of the 6.9 million preference shares and the repurchase
and subsequent cancellation of 4.9 million ordinary shares.
The AFS for the year ended 31 March 2025 have been audited by Ernst & Young Inc., who expressed an unmodified
audit opinion.
This short-form announcement is the responsibility of the Directors and is only a summary of the information
contained in the AFS and does not contain full or complete details. Any investment decisions should be based on the
AFS available on the JSE cloudlink at https://senspdf.jse.co.za/documents/2025/jse/isse/IVT/YE2025.pdf and which is
also available on our website http://www.invictaholdings.co.za.
Copies of the AFS may be requested from the company secretary at info@invictaholdings.co.za.
Ordinary share cash dividend
Notice is hereby given that the Directors of the Company have declared a gross cash dividend of 115 cents per
ordinary share for the year ended 31 March 2025. Dividends are to be paid out of distributable reserves. Dividend
tax ("DT") of 20% will be withheld in terms of the Income Tax Act for those shareholders who are not exempt from
DT. In accordance with paragraphs 11.17(a) and 11.17(c) of the JSE Listings Requirements, the following additional
information is disclosed:
- The gross local dividend amount is 115 cents per ordinary share for shareholders exempt from the DT;
- The net local dividend amount is 92 cents per ordinary share for shareholders liable to pay the DT;
- Invicta has 91 920 783 ordinary shares in issue; and
- Invicta's income tax reference number is 9400/012/03/6.
The salient dates for the ordinary share cash dividend are as follows:
Last day of trade to receive a dividend Tuesday, 19 August 2025
Shares commence trading "ex" dividend Wednesday, 20 August 2025
Record date Friday, 22 August 2025
Payment date Monday, 25 August 2025
Share certificates may not be dematerialised or rematerialised between Wednesday, 20 August 2025 and Friday,
22 August 2025, both days inclusive.
By order of the board
STEVEN JOFFE NAZLEE RAJMOHAMED
Chief Executive Officer Group Financial Director
30 June 2025
Invicta Holdings Limited Directors:
Registered office: Dr CH Wiese* (Chairman), S Joffe (CEO), C Barnard,
3 Droste Crescent, Droste Park, N Rajmohamed, LR Sherrell*, RA Wally^, Adv JD Wiese*,
Johannesburg, Gauteng, 2094 PM Makwana^, I Van Heerden*, F Davidson^
* Non-executive ^ Independent non-executive
Transfer secretaries:
Computershare Investor Services Proprietary Limited, Sponsor:
Rosebank Towers, 15 Biermann Avenue, Nedbank Corporate and Investment Banking,
Rosebank, 2196 a division of Nedbank Limited
Date: 30-06-2025 07:30:00
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