Wrap Text
Publication of Annual Financial Statements & Integrated Report & Availability of B-BBEE Compliance Report
AFRICA BITCOIN CORPORATION LIMITED
(formerly Altvest Capital Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2021/540736/06)
LEI Number: 37898OOE85B7YW5EEW57
JSE Main Board – General Segment
("Africa Bitcoin Corporation" or the "Company" or the "Group")
Share Class JSE and A2X NSX Code OTCQB Deutsche ISIN
Codes Code Börse Code
Ordinary Shares BAC BAN AFBCF 4BC ZAE000358925
Preferred A Ordinary Shares BACA - - - ZAE000338422
Preferred B Ordinary Shares BACB - - - ZAE000338430
Preferred C Ordinary Shares BACC BANC - - ZAE000338448
PUBLICATION OF AFRICA BITCOIN CORPORATION'S ANNUAL FINANCIAL STATEMENTS AND INTEGRATED
REPORT AND AVAIBAILITY OF B-BBEE COMPLIANCE REPORT
Africa Bitcoin Corporation is pleased to publish its integrated report and audited consolidated annual financial statements
for the year ended 28 February 2026 ("AFS").
Salient features
Audited Audited
Year ended Year ended
28 February 2026 28 February 2025
Total revenue Rand 8,639,657 7,585,231
Other operating income Rand 7,811,604 88,035
Profit attributable to ordinary shareholders Rand 16,873,452 47,944,213
Basic earnings per ordinary share Rand per share 0.51 (1) 1.54 (1)
Headline earnings per ordinary share Rand per share 0.57 (1) 1.57 (1)
Net asset value per ordinary share Rand per share 4.30 (1) 3.82 (1)
Ordinary shares in issue Number 34,105,794 (1) 33,000,000 (1)
Weighted average number of ordinary shares in issue Number 33,368,598 (1) 31,048,923 (1)
NAV per preferred A ordinary share Rand per share 1.96 1.99
Preferred A ordinary shares in issue Number 7 694 550 7 694 550
NAV per preferred B ordinary share Rand per share 3.69 3.76
Preferred B ordinary shares in issue Number 940 851 940 851
NAV per preferred C ordinary share Rand per share 2.87 3.65
Preferred C ordinary shares in issue Number 19 857 121 19 838 856
Note:
1. In accordance with IAS 33.64, all per-ordinary share metrics presented have been restated retrospectively to reflect
the 3-for-1 ordinary sub-division effected on 28 April 2026, as if the subdivision had occurred at the beginning of
the earliest period presented. The 2025 comparative figures have been restated on the same basis.
No dividend has been declared or proposed during the year ended 28 February 2026 (28 February 2025: R Nil).
Outlook
The Group enters the 2027 financial year with specific priorities.
- Altvest Credit Opportunities Fund Limited ("ACOF") is expected to launch in Botswana and Namibia in 2026, with
investor roadshows already underway to attract new capital flows into ACOF. Pipeline expansion into Uganda and
Kenya is being prepared through in-country regulatory engagement and market assessment, with provisional
launch targets in the first quarter of 2027.
- The proposed transfer of the ACOF DMTN programme to the JSE, for which an application to transfer is in progress,
will improve institutional debt market access and raise the profile of ACOF's listed instruments among South African
pension funds and institutional investors.
- On the Bitcoin side, our posture is unchanged. We hold; we accumulate where our treasury policy and capital
availability allow, and we deploy the collateral value of our Bitcoin holdings to access the cheapest available capital
rather than selling into a depressed market. Bitcoin has recovered from every prior extended bear cycle. The
companies that maintained discipline and held through the winter have historically been well positioned to
participate in what followed. We intend to be among them.
- The capital markets programme continues. Following the successful transfer from AltX to the Main Board of the
JSE, the proposed listing on the Aquis Growth Exchange is in active preparation, and the long-term ambition of a
primary listing on a major US exchange remains our declared destination.
- New financial products are in development. Bitcoin backed lending to our SME clients, the Bitcoin Yield Generator
product, and the potential to onboard external institutional clients into our managed credit platform all represent
revenue diversification opportunities that reduce our dependence on the ACOF relationship as the single source of
fee income.
Basis of preparation, audit opinion and short-form announcement
The Company's AFS have been prepared in accordance with IFRS® Accounting Standards and IFRIC® Interpretations
issued and effective at the time of preparing the AFS and the Companies Act 71 of 2008 of South Africa and the JSE
Listings Requirements, as amended.
The consolidated and separate AFS of the Company have been audited by Forvis Mazars South Africa, who expressed
an unmodified audit opinion thereon. A copy of the auditor's opinion is incorporated into the AFS and is also available
for inspection at the Company's registered office.
This announcement is the responsibility of the board of directors of the Company and is only a summary of the
information contained in the AFS 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 AFS published via SENS and which may be
accessed from the following websites:
- ABC's website: https://africabitcoincorporation.com/wp-content/uploads/2026/05/2026_Annual-Report.pdf
- JSE cloudlink: https://senspdf.jse.co.za/documents/2026/jse/isse/bace/AFS2026.pdf
Copies of the AFS are also available for inspection at the Company's offices on workdays during business hours, at no
charge, or a copy can be requested from the Company at info@africabitcoincorporation.com at no charge.
Shareholders are advised that the Company's notice of annual general meeting for the year ended 28 February 2026
will be published on or before 30 June 2026. A further announcement relating thereto will be published in due course.
AVAILABILITY OF B-BBEE COMPLIANCE REPORT
Shareholders are hereby notified that, in accordance with the JSE Listings Requirements, the Company's annual
compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 (read
with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013), has been published and is available
on the Company's website: https://africabitcoincorporation.com/investor-relations/listing-documents/
Johannesburg
26 May 2026
JSE Sponsor NSX Sponsor
Questco Corporate Advisory Cirrus Securities (Pty) Ltd
Member of the Namibian Stock Exchange
Date: 26-05-2026 09:15:00
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