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Unaudited condensed consolidated results for the six months ended 31 August 2024
HUGE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
("Huge Group" or "the Company")
SHORT-FORM ANNOUNCEMENT:
UNAUDITED CONDENSED CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED
31 AUGUST 2024
The board of directors of the Company (the Board) is pleased to present the
unaudited condensed consolidated interim results for the six months ended 31
August 2024 (the 2025 Interim Results).
SALIENT FEATURES
Huge Group is an investment entity in terms of International Financial Reporting
Standards (IFRS Accounting Standards): IFRS 10. The performance measures
relevant to the Company's financial results are:
6 months Financial 6 months
ended 31 year ended ended 31
August 2024 29 February August 2023
(Unaudited) 2024 (Unaudited)
(Audited)
Net asset value per Cents 983.73 964.54 960.31
share
Operating profit R'000 33 447 35 374 28 389
Headline earnings cents 19.38 20.50 16.45
per share
Earnings per share cents 19.38 20.50 16.45
DIVIDEND
No dividends have been declared or paid for the six months ended 31 August
2024.
INVESTMENT ENTITY STATUS
IFRS requires that an entity annually reassesses whether it is an investment entity
and if facts or circumstances indicate changes to one or more of the elements
characteristics of an investment entity, it may be required to change its basis
of accounting.
An investment entity does not consolidate its subsidiaries (other than
subsidiaries that provide services related to the investment entity's investment
activities, such as those subsidiaries comprising Huge Group's head office
operations, being Huge Management Company Proprietary Limited, Huge
Soho Proprietary Limited, and Huge SPV 1 Proprietary Limited), but rather
measures its subsidiaries at fair value through profit or loss.
Huge Group has re-assessed its status as an entity and has determined that it
continues to exhibit the characteristics of an investment entity in terms of
IFRS10.
AVAILABILITY OF UNAUDITED CONDENSED CONSOLIDATED RESULTS FOR THE SIX
MONTHS ENDED 31 AUGUST 2024
The Company's 2025 Interim Results for the six months ended 31 August 2024, is
available on the Company's website at:
https://www.hugegroup.com/financials
SHORT-FORM ANNOUNCEMENT
This short form announcement is the responsibility of the Board and is only a
summary of the information contained in the full announcement released on
SENS on 8 November 2024.
This short-form announcement does not contain full or complete details
pertaining to Huge Group's results. Any investment decisions by investors
and/or shareholders should be based on consideration of the Full
Announcement, which may be downloaded from the Company's website at:
https://www.hugegroup.com/financials and which may also be viewed at the
registered offices of the Company and the Sponsor, at no charge, during office
hours from the date of this announcement for a period of 30 days.
The Full Announcement is also available on the JSE's website at:
https://senspdf.jse.co.za/documents/2024/jse/isse/HUG/HY2025.pdf.
Johannesburg
8 November 2024
Sponsor
Questco (Pty) Ltd
Date: 08-11-2024 01:45:00
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