FINBOND GROUP 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

FINBOND GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: "FGL" ISIN: ZAE000138095
Main Board – General Segment
("Finbond" or "the Company" or "the Group")

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

HIGHLIGHTS

   •   Total revenue increased 7.5% to R801.6 million (August 2023: R745.5 million*).
   •   Net loan impairment expense to loan revenue improved 1.1% to 17.8% (August 2023:
       18.9%*).
   •   Loans and other advances increased 8.4% to R657.2 million (August 2023: R606.2
       million*).
   •   Cash and cash equivalents increased 2.9% to R576.6 million (August 2023: R560.1
       million*).
   •   Total assets increased 1.4% to R4.20 billion (August 2023: R4.15 billion*).
   •   Net asset value per share increased 33.7% to R1.39 (August 2023: R1.04*)
   •   Profit before tax increased more than 100% to R4.8 million (August 2023: Loss of R1.5
       million*).
   •   Headline loss attributable to owners of the company improved 7.8% to R9.1 million
       (August 2023: R9.9 million*).

* Results for the previous interim period have been restated. Please see additional information in
the notes to the audited financial statements in the full announcement.

The Board has decided not to declare a dividend for the interim period ended 31 August 2024
(2023: no dividend).

SHORT-FORM ANNOUNCEMENT

The contents of the short form announcement are the responsibility of the Board of Directors of
Finbond. The information in the short form announcement is a summary of the full
announcement available on the Company's website (www.finbond.com) on 29 November 2024
and accordingly does not contain full or complete details. The full announcement can also be
accessed online at https://senspdf.jse.co.za/documents/2024/JSE/ISSE/FGL/Interims24.pdf.

The information in this announcement has been extracted from the Unaudited Condensed
Consolidated Interim Financial Results, which has not been reviewed nor audited by the
Company's auditor. The Unaudited Condensed Consolidated Interim Financial Results were
internally compiled by Mr. GW Labuschagne, the Group Financial Director.
Any investment decisions by shareholders/investors should be based on the full announcement
as released by the JSE and published on the Company's website, www.finbond.com. The full
announcement is also available at the Company's registered office (for inspection, at no charge,
during office hours on any business day) and at the offices of the sponsor, African Bank Limited
(Business and Commercial Banking Division), from 29 November 2024. Copies of the full
announcement may be requested by contacting the Company Secretary, Mr. BC Bredenkamp.

By order of the board

DR MALESELA MOTLATLA                      DR WILLEM VAN AARDT

Chairman                                  Chief Executive Officer

29 November 2024



                         Six Months ended           Six Months ended      Full year 29
                         31 August 2024             31 August 2023*       February 2024


 Revenue (R'000)                801 593                    745 537              1 575 340
 Basic earnings/(loss)
 per share (cents)                (2.3)                      (1.4)                  0.1
 Diluted
 earnings/(loss) per
 share (cents)                    (2.3)                      (1.4)                  0.1
 Headline
 (loss)/earnings per
 share (cents)                    (2.0)                      (1.2)                 (0.4)
 Diluted Headline
 (loss)/earnings per
 share (cents)                    (2.0)                      (1.2)                 (0.4)
 Dividend per share
 (cents)                            -                          -                     -
 Net asset value per
 share (cents)                   138.8                      103.7                 182.2


* Results for the previous interim period have been restated. Please see additional information in
the notes to the unaudited interim results in the full announcement.

Directors: Chairman: Dr MDC Motlatla* (BA, DCom (Unisa)); Chief Executive Officer: Dr W van
Aardt (BProc (Cum Laude), LLM (UP), LLD (PU CHE) Admitted Attorney of The High Court of South
Africa, QLTT (England and Wales), Solicitor of the Supreme Court of England and Wales); Chief
Financial Officer: GW Labuschagne (CPA (CA), BCom (Hons Acc), BCom (Fin Acc) (Cum Laude));
HJ Wilken-Jonker* (BCom Hons (Unisa), MConSci (UP)); PA Naudé*(BCom (Marketing), Gaining
Competitive Advantage (Michigan), IEP (INSEAD))*; Adv. N Melville* (BLaw, LLB (Natal) LLM(Cum
Laude) (Natal), SEP (Harvard)); DC Pentz* (B Com (Hons), (Chartered Accountant (SA), AEP
(Unisa)); SM Riskowitz* (BCom (Wits))

*Non-executive

Secretary: B Bredenkamp (BCom Accounting, LLB, MBA)

Transfer secretaries: JSE Investor Services (Proprietary) Limited (Registration number
2000/007239/07), One Exchange Square, 2 Gwen Lane, Sandown, Sandton, 2196

Sponsor: African Bank Limited (Business and Commercial Banking Division)

Date: 29-11-2024 05:00:00
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