Enhanced Investments - Financial Portal

Unaudited interim financial results for the six months ended 31 December 2024

Published: 2025-03-06 08:30:27 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" or "the Company")


SHORT-FORM ANNOUNCEMENT: RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2024


Highlights
- Basic earnings per share 23.01 cents down 74.72% (31 December 2023: 91.02 cents)
- Gross profit % increased to 13.8% (31 December 2023: 13.4%)
- Revenue R3.66 billion down 14.1% (31 December 2023: R4.27 billion)
- Operating profit R95.58 million, down 47.1% (31 December 2023: R180.60 million)
- Net asset value per share 2 826.95 cents up 3.74% (31 December 2023: 2 275,09 cents)
- Headline earnings per share 23.47 cents down 74.31% (31 December 2023: 91.34 cents)


The information has been extracted from the unaudited results for the six months ended
31 December 2024 and this announcement itself has not been reviewed or reported on by
Mustek's external auditors. This short-form announcement is the responsibility of the
directors. It is only a summary of the information contained in the full announcement
and does not contain full or complete details. Any investment decision should be based
on the full announcement, which can be accessed from Thursday, 6 March 2025, using the
following JSE link: https://senspdf.jse.co.za/documents/2025/jse/isse/MST/Int24.pdf

Alternatively, the full announcement is available on our website at
https://mustek.co.za/financial/

The full announcement is also 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

A virtual results presentation will be held on Thursday, 6 March 2025 at 11:00am.
The following link can be used to join the presentation: http://bit.ly/41tUyvn.

For and on behalf of the Board of directors

Hein Engelbrecht                         Shabana Aboo Baker Ebrahim CA(SA)
Group Chief Executive Officer            Group Financial Director
                                         (preparer of Group results)

6 March 2025
Midrand

CORPORATE INFORMATION
Company secretary: Sirkien van Schalkwyk, Block B, Office 107, The Park Shopping Centre,
837 Barnard Street, Elarduspark, 0181. PO Box 4896, Rietvalleirand, 0174.
Telephone: +27 12 751 6000

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

Registered office: 322 15th Road, Randjespark, Midrand, 1685

Postal address: PO Box 1638, Parklands, 2121

Contact details: Telephone: +27 11 237 1000, Facsimile: +27 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.
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.

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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.