MUSTEK LIMITED - Short-form announcement: Unaudited financial results for the six months ended 31 December 2025

Short-form announcement: Unaudited financial results for the six months ended 31 December 2025

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: UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2025

Highlights
- Headline earnings per share 83.54 cents up 256.00% (31 December 2024: 23.47 cents)
- Basic earnings per share 83.36 cents up 262.27% (31 December 2024: 23.01 cents)
- Revenue R3.54 billion down 2.4% (31 December 2024 (restated): R3.63 billion)
- Gross profit % reduced to 12.6% (31 December 2024 (restated): 13.9%)
- Operating profit R94,63 million, down 0,99% (31 December 2024: R95.58 million)
- Net asset value per share 2 930,42 cents up 3.66% (31 December 2024: 2 826,95 cents)

The information has been extracted from the unaudited financial results for the six months ended 31 December 2025 (“full announcement�) 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 financial 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 Wednesday, 25 February 2026, using the following JSE link: https://senspdf.jse.co.za/documents/2026/jse/isse/MST/Int26.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 hosted on Wednesday, 25 February 2026 at 10:00am. The presentation can be joined using the following link https://bit.ly/4qzLqi5.

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)
                                                    
25 February 2026

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

Mustek registered office: 322 15th Road, Randjespark, Midrand, 1685

Mustek postal address: PO Box 1638, Parklands, 2121

Mustek 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

Date: 25-02-2026 07:30:00
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