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HUDACO INDUSTRIES LIMITED - Unaudited Interim Results for the six months ended 31 May 2025, Cash Dividend Declaration and Changes to the Board

Release Date: 03/07/2025 17:40
Code(s): HDC     PDF:  
Wrap Text
Unaudited Interim Results for the six months ended 31 May 2025, Cash Dividend Declaration and Changes to the Board

HUDACO INDUSTRIES LIMITED
("Hudaco" or the "Company")
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC
ISIN: ZAE000003273


UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MAY 2025, INTERIM CASH DIVIDEND DECLARATION NUMBER 76 AND CHANGES TO THE BOARD


Salient features

                                                                                 31 May                31 May                %
                                                                                   2025                  2024           Change
    Revenue (Rm)                                                                   3 886                 3 983             -2.4
    Operating profit (Rm)                                                            419                   414              1.5
    Comparable earnings per share (cents)                                            833                   785              6.1
    Headline earnings per share (cents)                                              938                   785            19.6
    Basic earnings per share (cents)                                                 941                   785            19.9
    Interim dividend per share (cents)                                               350                   325              7.7
    Net asset value per share (cents)                                             12 174                11 427              6.5

Declaration of interim cash dividend number 76

Interim dividend number 76 of 350 cents per share is declared payable on Monday, 11 August 2025 to ordinary shareholders
recorded in the register at the close of business on Friday, 8 August 2025.

The timetable for the payment of the dividend is as follows:

Last day to trade cum dividend                                                             Tuesday, 5 August 2025
Trading ex dividend commences                                                              Wednesday, 6 August 2025
Record date                                                                                Friday, 8 August 2025
Payment date                                                                               Monday, 11 August 2025

Share certificates may not be dematerialised or rematerialised between Wednesday, 6 August 2025 and Friday, 8 August 2025,
both days inclusive. The certificated register will be closed for this period.

In terms of the Listings Requirements of the JSE Limited regarding the Dividend Tax, the following additional information is
disclosed:

•       the dividend has been declared from income reserves;
•       the dividend withholding tax rate is 20%;
•       the net local dividend amount is 280 cents per share for shareholders liable to pay the Dividend Tax and 350 cents per share
        for shareholders exempt from the Dividend Tax;
•       Hudaco has 30 895 980 shares in issue (which includes 2 507 828 treasury shares); and
•       Hudaco's income tax reference number is 9400/159/71/2.

Changes to the board and board committees

After ten years' service, Nyami Mandindi will retire from the board of directors on 31 October 2025. With effect from 1 October
2025, Tlaleng Moabi, who was appointed to the board on 1 July 2025, will assume the roles of chairman of the social and ethics
committee, and member of the audit and risk management committee and the nomination committee.

Short-form announcement

This short-form announcement is the responsibility of the directors of Hudaco. It is only a summary of the information contained
in the unaudited interim results for the six months ended 31 May 2025 (the "full announcement") and does not contain full or
complete details. Any investment decisions by investors and/or shareholders should be based on consideration of the full
announcement published on the JSE website at https://senspdf.jse.co.za/documents/2025/jse/isse/HDC/ie2025.pdf .

The full announcement is available on the Company's website (www.hudaco.co.za) and copies may be requested from the Company
at info@hudaco.co.za or may be inspected at the registered office of the Company, at no charge, during office hours.


3 July 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 03-07-2025 05:40:00
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