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Interim Results and Dividend Declaration
Combined Motor Holdings Limited
("the Company" or "the Group")
(Registration number: 1965/000270/06)
(Share code: CMH)
(ISIN: ZAE000088050)
JSE Main Board: General Segment
UNAUDITED GROUP FINANCIAL HIGHLIGHTS FOR THE SIX MONTHS ENDED 31 AUGUST 2026
Unaudited Unaudited Audited
6 months 6 months 12 months
Change 31 August 31 August 28 February
% 2026 2025 2026
Total assets (R'000) 9.4 5 810 019 5 309 513 5 908 407
Cash resources (R'000) 16.1 899 468 774 515 1 145 415
Net asset value per share (cents) 12.5 2 153 1 913 2 118
Revenue (R'000) 6.6 8 101 270 7 600 901 15 711 190
Operating profit (R'000) 13.9 368 442 323 542 748 640
Operating profit to revenue (%) 4.7 4.5 4.3 4.8
Total profit and comprehensive income (R'000) 12.7 185 545 164 595 390 947
Basic earnings per share (cents) 21.5 267.3 220.0 530.8
Headline earnings per share (cents) 18.6 261.0 220.0 536.4
Dividend paid per share (cents) 171.0
Dividend declared per share, payable December (cents) - 148.00 -*
* The traditional dividend paid in December each year was replaced in 2025 by a share repurchase offer.
Short-form announcement
This short-form announcement is the responsibility of the directors. It is only a summary of the information contained
in the full announcement and does not contain complete details. Any investment decision should be based on the
full announcement which can be found on the Company's website at www.cmh.co.za and though the JSE cloudlink
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/CMH/CMHIR2026.pdf. The results for the six months ended
31 August 2026 have not been reviewed nor audited by the Company's auditor. This results announcement has been
prepared in compliance with the JSE Listings Requirements.
Dividend declaration
Notice is hereby given that a dividend (dividend number 75) of 148 cents per share will be paid on Monday, 14 December
2026 to members reflected in the share register of the Company at the close of business on the record date, Friday,
11 December 2026. Last day to trade cum dividend is Tuesday, 8 December 2026. First day to trade ex dividend is
Wednesday, 9 December 2026. Share certificates may not be dematerialised or rematerialised from Wednesday,
9 December 2026 to Friday, 11 December 2026, both days inclusive. The number of ordinary shares in issue at the date
of the declaration is 69 424 804. Consequently, the gross dividend payable is R102 748 710 and will be distributed
from income reserves. The dividend will be subject to dividend withholding tax at a rate of 20%, which will result in a
net dividend of 118.4 cents to those shareholders who are not exempt in terms of section 64F of the Income Tax Act.
The Company's tax reference number is 9471/712/71/2.
21 October 2026
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Date: 21/10/2026 05:30:00
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