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ARGENT INDUSTRIAL LIMITED - Results for the year ended 31 March 2025, dividend declaration, notice of AGM and distribution of annual report

Release Date: 26/06/2025 16:40
Code(s): ART     PDF:  
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Results for the year ended 31 March 2025, dividend declaration, notice of AGM and distribution of annual report

ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
("Argent" or "the company")

 AUDITED ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2025, DIVIDEND
 DECLARATION, NOTICE OF ANNUAL GENERAL MEETING AND DISTRIBUTION OF ANNUAL REPORT

 FINANCIAL SUMMARY                                           31 March 2025     31 March 2024        % change
 Income Statement
 Revenue                                         R 000          2,635,638         2,544,216            3.6%
 EBITDA                                          R 000           433,658           394,615             9.9%
 Operating profit                                R 000           370,172           342,729             8.0%
 Profit for the year                             R 000           276,806           252,305             9.7%
 Statement of financial position
 Total assets                                    R 000         2,856,182          2,514,670           13.6%
 Total liabilities                               R 000          928,268            792,761            17.1%
 Total shareholders' funds                       R 000         1,927,914          1,721,909           12.0%
 Net asset value per share                       cents           3,488.1           3,115.4            12.0%
 Shares in issue
 - at end of period excluding treasury shares    000             54,431            54,431              0.0%
 - weighted average                              000             54,431            55,424             -1.8%
 - diluted weighted average                      000             54,431            55,424             -1.8%
 Earnings and dividends per share
 Basic earnings per share                        cents            496.1             441.9             12.3%
 Diluted earnings per share                      cents            496.1             441.9             12.3%
 Headline earnings per share                     cents            493.3             438.5             12.5%
 Diluted headline earnings per share             cents            493.3             438.5             12.5%
 Dividends per share                             cents            127.0             115.0             10.4%

DIVIDEND DECLARATION

The board of directors of the company ("Board") have declared and approved a final gross dividend of 67 cents per
share for the year ended 31 March 2025 from income reserves. Total ordinary dividends per share in respect of the
financial year to 31 March 2025 therefore amounts to 127 cents per share (2024 – 115 cents per share).

The following dates will apply to the abovementioned final dividend:
Last day to trade cum dividend:         Tuesday, 26 August 2025
Trading ex-dividend commences:          Wednesday, 27 August 2025
Record date:                            Friday, 29 August 2025
Dividend payment date:                  Monday, 01 September 2025

Share certificates may not be dematerialised or re-materialised between Wednesday, 27 August 2025 and Friday,
29 August 2025, both days inclusive.

In determining the dividends tax of 20% to be withheld in terms of the Income Tax Act (No 58 of 1962), those
shareholders who are not exempt from the dividend tax will therefore receive a dividend of 53.6 cents per share net
of dividend tax. The company has 54 430 980 ordinary shares in issue as at 26 June 2025 and its income tax
reference number is 9096/002/71/3.

Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker
credited/updated on Monday, 01 September 2025.

SHORT FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the Board. It is only a summary of the audited consolidated
annual financial statements for the year ended 31 March 2025 ("AFS") contained in the company's annual report
("Annual Report") and does not contain full or complete details. Any investment decisions by investors and/or
shareholders should be based on consideration of the AFS, as a whole.
The AFS have been audited by Forvis Mazars South Africa, who expressed an unmodified audit opinion thereon.
The Annual Report, including the AFS and auditor's report, is available on the company's website at
https://argent.co.za/wp-content/uploads/2025/06/annual-report-2025.pdf, and on the JSE cloudlink at
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/ART/FY2025.pdf.

DISTRIBUTION OF ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders are hereby advised that the company's Annual Report, incorporating the AFS and the notice of the
annual general meeting of the company ("Notice of AGM"), has been distributed to shareholders today,
26 June 2025. The Annual Report is available on the company's website at the aforementioned link.

Notice is hereby given that Argent's annual general meeting ("AGM") of shareholders will be held in the company's
boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on
Monday, 18 August 2025 at 11:00 to transact the business as stated in the abovementioned Notice of AGM.

Kindly note the following salient details:

 Issuer name                                                                         Argent Industrial Limited
 Type of instrument                                                                            Ordinary shares
 ISIN number                                                                                      ZAE000019188
 JSE code                                                                                                  ART
 Meeting type                                                                           Annual General Meeting
 Meeting venue                                       First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge
                                                                                       Office Estate, Umhlanga
 Record date – to determine which                                                         Friday, 20 June 2025
 shareholders are entitled to receive the notice
 of meeting
 Publication/posting date                                                               Thursday, 26 June 2025
 Last day to trade – Last day to trade to                                              Tuesday, 05 August 2025
 determine eligible shareholders that may
 attend, speak and vote at the meeting
 Record date – to determine eligible                                                    Friday, 08 August 2025
 shareholders that may attend, speak and vote
 at the meeting
 Meeting deadline date (For administrative                                            Thursday, 14 August 2025
 purposes, forms of proxy for the meeting to be
 lodged)
 Meeting date                                                                  11:00 on Monday, 18 August 2025
 Publication of results                                                                 Monday, 18 August 2025
 Website link                                          https://argent.co.za/wp-content/uploads/2025/06/annual-
                                                                                               report-2025.pdf


Umhlanga
26 June 2025

Sponsor
PSG Capital

Date: 26-06-2025 04:40:00
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