Enhanced Investments - Financial Portal

Financial results for the year ended 30 June 2024 and cash dividend declaration

Published: 2024-09-19 10:40:20 ET

MUSTEK LIMITED
Incorporated in the Republic of South Africa
Registration number: 1987/070161/06
JSE share code: MST
ISIN: ZAE000012373
("Mustek" or "the Group")

SHORT FORM ANNOUNCEMENT: FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2024 AND DIVIDEND DECLARATION

SALIENT FEATURES:

- Revenue R8,51 billion, down 16.0% (2023: R10,13 billion)
- Gross profit % decreased to 12,2% (2023: 13,9%)
- Headline earnings per share 67,13 cents, down 82.1% (2023: 357,18 cents)
- Basic earnings per share 37,31 cents, down 90.1% (2023: 377,05 cents)
- Dividend per share 7.5 cents, down 90% (2023: 77 cents)
- Net asset value per share 2 801,15 cents, up 2,8% (2023: 2 724,36 cents)

The information has been extracted from the audited results for the year ended 30 June 2024. This announcement
itself has not been audited or reviewed.

This short-form announcement is the responsibility of the directors. The Group's external auditors, BDO Inc.,
expressed an unmodified audit opinion on the consolidated and separate financial statements in their report
dated 19 September 2024. This announcement is only a summary of the information contained in the consolidated
and separate financial statements and does not contain full or complete details. Any investment decision should
be based on the consolidated and separate financial statements, which can be accessed from
Thursday, 19 September 2024, using the following JSE cloud link:
https://senspdf.jse.co.za/documents/2024/jse/isse/MST/FY24AFS.pdf

The independent auditors report and the consolidated and separate audited financial statements as well as
summarised group results are available on the Mustek website at https://mustek.co.za/financial/

The independent auditors report, the consolidated and separate audited financial statements and summarised group
results are available for inspection at Mustek's registered office on weekdays from 09:00 to 16:00, and copies
thereof may be requested free of charge at ltd@mustek.co.za

Shareholders are invited to attend a virtual results presentation on Thursday, 19 September 2024 at 10:00am
using the following link https://bit.ly/3TmaJpY.

DIVIDEND DECLARATION

Notice is hereby given that a final cash dividend of 7.5 cents per ordinary share for the year ended 30 June
2024 is declared, payable to shareholders recorded in the books of the company at the close of business on the
record date appearing below. This dividend is declared out of income reserves. The company's income tax
reference number is 9550081716 and the company has 57 540 000 ordinary shares in issue and ranking for dividend
at the date of this declaration. The South African dividend tax rate is 20% resulting in a net dividend of 6.00
cents per share to shareholders who are not tax exempt.
The salient dates applicable to the final dividend are as follows:
Dividend declaration date             Thursday, 19 September 2024
Last day of trade cum dividend        Tuesday, 08 October 2024
First day to trade ex dividend        Wednesday, 09 October 2024
Record date                           Friday, 11 October 2024
Payment date                          Monday, 14 October 2024

No share certificates may be dematerialised or rematerialised between Wednesday, 09 October 2024 and
Friday, 11 October 2024, both days inclusive.

For and on behalf of the board of directors
Hein Engelbrecht CA(SA)                                     Shabana Aboo Baker Ebrahim CA(SA)
Group Chief Executive Officer                               Group Financial Director

19 September 2024
Midrand


Corporate information:

Company secretary:
Sirkien van Schalkwyk
Block B, Office 107, Elarduspark Shopping Centre,
837 Barnard Street, Elarduspark, 0181
PO Box 4896, Rietvalleirand, 0174
Telephone: +27 (0) 12 751 6000

Transfer secretaries:
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196.
Private Bag X9000, Saxonwold, 2132, South Africa
Telephone: +27 (0) 11 370 5000

Registered office:
322 15th Road, Randjespark, Midrand, 1685
Postal address:
PO Box 1638, Parklands, 2121

Contact numbers:
Telephone: +27 (0) 11 237 1000
Facsimile: +27 (0) 11 314 5039
Email: ltd@mustek.co.za

Sponsor:
Deloitte & Touche Sponsor Services Proprietary Limited

www.mustek.co.za

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.