Wrap Text
Audited AFS for year ended 31 December 2025, notice of AGM, availability of IAR & B-BBEE report, Commission update
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/031013/06
ISIN code: ZAE000090692 JSE and A2X share code: MTA
("Metair" or the "company" or the "group")
AUDITED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025,
NOTICE OF ANNUAL GENERAL MEETING, AVAILABILITY OF THE ANNUAL REPORT,
AVAILABILITY OF THE B-BBEE ANNUAL COMPLIANCE REPORT AND FURTHER UPDATE REGARDING
THE EUROPEAN COMMISSION'S STATEMENT OF OBJECTIONS
METAIR IS PLEASED WITH THE OPERATIONAL PERFORMANCE OF ITS BUSINESSES IN 2025
Relatively stable Simplified structure Sustainable capital AutoZone a key strategic
OEM customer more accommodating structure with better- driver in diversifying
production volumes to market shifts and aligned repayment terms dependence on local OEMs
volume fluctuations
HIGHLIGHTS
RESULTS FROM CONTINUING OPERATIONS
Group revenue increased by 57% to R17.9 billion.
Excluding the Rombat fine
Operating profit before capital and exceptional items increased by 99% to R1 087 million EBIT margin improved by 130 bps to 6.1%
HEPS increased by 82% to 191 cents (2024: 105 cents**)
EPS of 31 cents* (2024: EPS 155 cents**)
Including the Rombat fine
Operating profit before capital items
increased by 23% to R674 million
Headline loss per share of 21 cents (2024: HEPS of 105 cents**)
Loss per share* of 181 cents (2024: EPS of 155 cents**)
TOTAL EARNINGS, INCLUDING DISCONTINUED OPERATIONS
Headline loss per share# of 67 cents (2024: headline loss per share of 203 cents)
Loss per share* of 232 cents (2024: loss per share of 2 146 cents)
Cash and cash equivalents improved by 50% from R808 million to R1 212 million
Cash generated from operations improved by 27% from R1 483 million to R1 884 million
No dividend was declared (2024: RNil).
* Including the one-off net capital loss relating to the accounting for Hesto as a subsidiary with effect from 1 April 2025.
** Comparative information has been re-presented to reflect the classification of Dynamic Batteries and First Battery Industrial,
classified as discontinued operations in the current year in accordance with IFRS 5.
# Including the provision of the Rombat fine of R413 million. EBIT, EPS and HEPS measures are pro forma financial information in terms of the
JSE Listings Requirements. Shareholders are advised to refer to Appendix I in the group's Integrated Annual Report for further information.
Shareholders are advised to refer to the group's integrated annual report (which may be accessed via the links provided in this announcement)
for commentary in respect of the results for the year ended 31 December 2025.
ADDITIONAL INFORMATION
This announcement is the responsibility of the directors of the company and has been prepared in compliance with the JSE Listings Requirements.
Shareholders are advised that the financial information contained in this announcement has not been reviewed or reported on by the company's
auditors (Ernst & Young Inc) and is the responsibility of the directors of the company. As the information in this announcement does not provide all of
the details, any investment decisions should be based on the published audited consolidated annual financial statements for the year ended
31 December 2025 available through the JSE cloudlink at: https://senspdf.jse.co.za/documents/2026/jse/isse/MTAE/AFS2025.pdf and on
Metair's website at: https://www.metair.co.za/wp-content/uploads/2026/03/ Metair-IAR_2025.pdf.
The consolidated annual financial statements for the year ended 31 December 2025 have been audited by the company's auditors, Ernst & Young Inc.,
who expressed an unmodified audit opinion thereon.
An investor and analyst webcast of the annual results presentation will be broadcast
live on Wednesday, 11 March 2026 at 10h00 (SAST), which presentation will be available on the company's website:
https://www.metair.co.za/wp-content/uploads/2026/03/2025-Year-end-results.pdf Investors and analysts are advised to utilise the following link
to gain access to the webinar: https://www.corpcam.com/Metair11032026.
NOTICE OF ANNUAL GENERAL MEETING AND AVAILABILITY OF INTEGRATED ANNUAL REPORT
Notice is hereby given that the annual general meeting (AGM) will be held remotely through an electronic interactive platform hosted by
The Meeting Specialist (Pty) Ltd (TMS) on Monday, 4 May 2026 at 14h00, as set out in the notice of AGM, which is incorporated into the group's
integrated annual report for the year ended 31 December 2025, available on the company website
https://www.metair.co.za/wp-content/uploads/2026/03/Metair-IAR_2025.pdf and which will be mailed to shareholders on Monday, 16 March 2026.
Whilst the annual financial statements of Metair are available through the JSE cloudlink, the additional information required in terms
of paragraph 11.38 of the JSE Listings Requirements is only available through the following link:
https://www.metair.co.za/wp-content/uploads/2026/03/Metair-IAR_2025.pdf
Shareholders who wish to electronically attend, participate in and/or vote at the AGM are required to contact TMS at proxy@tmsmeetings.co.za or on
+27 84 433 4836, +27 81 711 4255, +27 61 440 0654 as soon as possible, but in any event, by no later than 14h00 on Wednesday, 29 April 2026.
Shareholders are encouraged to read the notice of AGM for further information on, inter alia, how to attend electronically, participate in and
vote at the AGM and/or details on how to submit forms of proxy. The record date for purposes of determining which shareholders are entitled
to receive the notice of AGM is Friday, 6 March 2026. The record date for purposes of determining which shareholders must be registered as such in
the company's securities register in order to attend and vote at the AGM is Friday, 24 April 2026. The last day to trade in order to be entitled
to vote at the AGM will therefore be Tuesday, 21 April 2026. Duly completed proxy forms must be received by the company or by TMS by no later
than Wednesday, 29 April 2026 at 14h00.
AVAILABILITY OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT
Metair shareholders are advised that the company's annual compliance report prepared pursuant to section 13G(2) of the Broad-Based Black Economic
Empowerment Act, No. 53 of 2003, as amended, is available on the company's website: https://www.metair.co.za/sustainability/policies-and-reports/.
FURTHER UPDATE REGARDING THE EUROPEAN COMMISSION'S STATEMENT OF OBJECTIONS
Shareholders are referred to the previous announcements in this regard, the most recent of which was published on SENS on 15 December 2025,
and are hereby advised that, on 27 February 2026, Metair and Rombat lodged an appeal against the Rombat fine.
11 March 2026
EXECUTIVE DIRECTORS: PS O'Flaherty (CEO); A Walker (CFO)
INDEPENDENT NON-EXECUTIVE DIRECTORS: TN Mgoduso (Chairperson); PH Giliam; N Ketwa; NL Mkhondo; MH Muell (German); AK Sithebe; G Ashford (British)
COMPANY SECRETARY: SM Vermaak
Registrars: Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Sponsor: One Capital
Investor relations: Aprio Strategic Communications
Date: 11-03-2026 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 
