ALTVEST CAPITAL LIMITED - Unaudited condensed consolidated interim results for the six months ended 31 August 2024

Unaudited condensed consolidated interim results for the six months ended 31 August 2024

ALTVEST CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2021/540736/06)
LEI Number: 37898OOE85B7YW5EEW57
Ordinary Share Code: ALV ISIN: ZAE000337051
Preferred A Ordinary Share Code: ALVA ISIN: ZAE000338422
Preferred B Ordinary Share Code: ALVB ISIN: ZAE000338430
Preferred C Ordinary Share Code: ALVC ISIN: ZAE000338448
("Altvest" or "the Company")


UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED
31 AUGUST 2024

Altvest is pleased to publish its condensed unaudited consolidated interim financial statements for the period
ended 31 August 2024.

Salient features:

                                                                                    Unaudited six      Unaudited six
                                                                                     months ended       months ended
                                                                                   31 August 2024     31 August 2023
                                                                                                R                  R
Revenue                                                                                 3 013 317              1 563
Profit attributable to ordinary shareholders                                          (6 169 622)         63 163 185
Basic earnings (cents per share)                                                           (0.62)               6.32
Headline earnings (cents per share)                                                        (0.62)               6.32
Net asset value (cents per share)                                                            6.44               7.17

No dividend has been declared or paid for the period ended 31 August 2024.

Highlights of the Period

    1. Revenue Growth: Revenue increased from R1,563 in the six months ended 31 August 2023
       to R3,013,317 in the six months ended 31 August 2024. The increase was driven by enhanced operational
       activity and asset management fees generated from the Altvest Credit Opportunities Fund (ACOF).

    2. Successful JSE Listing: Altvest successfully transferred its primary listing from the Cape Town Stock
       Exchange to the JSE AltX on 14 October 2024, marking a significant milestone in enhancing market visibility
       and liquidity. This transition resulted in a remarkable increase in the shareholder base, with over 2,500
       shareholders now participating in Altvest's growth journey.

    3. Strategic Expansion: The Company continued to expand its advisory and wealth management services
       under Altvest Financial Solutions, further diversifying revenue streams and providing a holistic financial
       platform for clients.

    4. Social and Economic Impact: Through ACOF, Altvest deployed over R187 million in funding to support
       26 SMEs across 14 sectors, creating 362 jobs and preserving 430. This highlights Altvest's role in driving
       economic growth and social upliftment.


Outlook
Altvest remains focused on its mission to democratise high-potential investment opportunities. With plans to list two
to four significant new investment instruments annually and continued growth in ACOF's pipeline, the company is
well-positioned to deliver sustainable returns for its investors. The Board is optimistic about Altvest's prospects and
looks forward to further leveraging its platform to create long-term value.

Full announcement
This short form announcement is the responsibility of the board of directors of Altvest and is only a summary of the
information in the full announcement and does not contain full or complete details. Any investment decisions by
investors and/or shareholders should be based, as a whole, on consideration of the unaudited condensed
consolidated financial results for the six months ended 31 August 2024 ("Full Announcement") published on SENS
and which may be downloaded from the following websites:

Company's website:
https://altvestcapital.co.za/financials/

JSE website:
https://senspdf.jse.co.za/documents/2024/jse/isse/alve/int2024.pdf

Copies of the Full Announcement are also available for inspection at our offices on workdays during business hours,
at no charge, or a copy can be requested from the Company at info@altvest.co.za at no charge.


Johannesburg
28 November 2024

Designated Advisor
Questco Corporate Advisory

Date: 28-11-2024 09:00:00
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