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Condensed unaudited consolidated interim results for the six months ended 30 June 2026
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
("Metair" or "the group" or "the company")
(Reg No. 1948/031013/06)
JSE and A2X share code: MTA ISIN code: ZAE000090692
CONDENSED UNAUDITED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026
Strategic reset Good operational Seamless AutoZone is Earnings per
is substantially progress made in key OEM growing ahead share (EPS)
complete and the Original Equipment customer model of the market moved from a
balance sheet has Manufacturer (OEM) changeover, and profitability loss to a profit
stabilised and Aftermarket with new model returning, albeit
divisions experiencing six months later
strong demand than anticipated
Shareholders are advised to refer to the full interim results (which may be accessed via the links provided below)
for commentary in respect of the results for the six months ended 30 June 2026.
Six months ended
30 June
30 June 2025
2026 Represented** Change
Financial Summary R'000 R'000 %
Group revenue 8 544 688 8 462 584 1
Operating profit before capital items 444 389 438 791 1
EBITDA2 759 570 703 013 8
Total earnings per share
Basic earnings/(loss) per share (cents)* 72 (93) 177
Headline earnings per share (cents) 72 65 11
Earnings per share from continuing operations
Basic earnings/(loss) per share (cents)* 70 (90) 178
Headline earnings per share (cents) 71 68 4
No. of shares in issue ('000) 198 986 198 986 -
Net asset value per share (cents) 1 202 1 301 (8)
Cash generated from operations 188 583 (122 131) -
Notes
1 Results presented are on a continuing operations basis and prior to capital items (unless otherwise stated)
2 Earnings before interest, taxes, depreciation and amortisation and capital items
No dividend has been declared for the six months ended 30 June 2026 (H1 2025: Rnil)
ADDITIONAL INFORMATION
This announcement is the responsibility of the directors of the company and has been
prepared in compliance with the JSE Limited 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, Deloitte & Touche. As the information
in this announcement does not provide all the details, any investment decisions should be
based on the full results available through the JSE cloudlink at: https://senspdf.jse.co.za/
documents/2026/JSE/ISSE/MTAE/Interim26.pdf, and on Metair's website at:
https://www.metair.co.za/wp-content/uploads/2026/Metair-Interims-August-2026.pdf.
RESULTS WEBCAST AND PRESENTATION
An investor webcast of the interim results presentation will be broadcast live on
Wednesday, 26 August 2026 at 10h00 (SAST). Investors are advised to utilise the following
link to gain access to the webinar: https://www.corpcam.com/Metair26082026.
The results presentation will be available on the company's website at
https://www.metair.co.za/wp-content/uploads/2026/Interim-2026-Presentation.pdf.
HIGHLIGHTS1
Group revenue increased by 1% to R8.5 billion
Earnings before interest and taxation (EBIT) increased by 1% to R444 million
Earnings per share (EPS) (continuing operations) of 70 cents* (H1 2025: loss per share of 90 cents**)
Total EPS of 72 cents* (H1 2025: loss per share of 93 cents)
HEPS (continuing operations) increased by 4% to 71 cents (H1 2025: 68 cents**)
Total HEPS increased by 11% to 72 cents (H1 2025: 65 cents)
* The accounting for Hesto Harnesses Proprietary Limited ("Hesto") as a subsidiary resulted in the
recognition of a significant once-off net capital loss of R306 million in the first half of the 2025 financial
year (H1 2025), primarily arising from the recognition of previously unaccounted losses from Hesto as
an associate, partially offset by a bargain purchase gain. This item has been included in the calculation
of earnings per share but excluded from headline earnings per share. Hesto was consolidated for
3 months from 1 April 2025 in H1 2025, compared to a full 6 months in respect of the period ended
30 June 2026 (H1 2026).
** H1 2025 Comparative information has been re-presented to reflect the classification of Dynamic
Battery and First Battery Industrial, as discontinued operations in accordance with International Financial
Reporting Standard (IFRS) 5 - Non-current Assets Held for Sale and Discontinued operations in the
second half of 2025.
26 August 2026
EXECUTIVE DIRECTORS: PS O'Flaherty (CEO); AJ 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 Sponsor Investor relations
Computershare Investor Services (Pty) Limited One Capital Aprio Strategic Communications
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Date: 26/08/2026 05:05:00
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