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Annual results for the year ended 30 September 2024 and cash dividend declaration
Netcare Limited
("Netcare", "the Company" or "the Group")
Registration number: 1996/008242/06
(Incorporated in the Republic
of South Africa)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
A2X share code: NTC
Annual results for the year ended 30 September 2024 and cash dividend declaration
- Group EBITDA up 12.6% to R4.5 billion
- Adjusted HEPS up 7.6% to 113.7 cents
- Total dividends 70.0 cents
Group financial information
Year ended
30 September 30 September %
Rm 2024 2023 change
Statement of profit and loss
Revenue 25 202 23 699 6.3
EBITDA1 4 491 3 990 12.6
Operating profit1 3 159 2 716 16.3
Profit for the year 1 547 1 336 15.8
Statement of financial position
Total assets 28 391 27 803 2.1
Total liabilities 17 419 16 762 3.9
Total shareholders' equity 10 972 11 041 (0.6)
Net debt (excluding lease liabilities) 5 306 5 028 5.5
Earnings and dividends per share (cents)
Basic earnings per share 110.4 94.5 16.8
Diluted earnings per share 108.9 93.5 16.5
Headline earnings per share 113.0 101.0 11.9
Adjusted headline earnings per share2 113.7 105.7 7.6
Total dividends per share3 70.0 65.0 7.7
1. Defined in the Audited Consolidated Annual Financial Statements.
2. This is a non-IFRS measure and is defined in the Audited Consolidated Annual Financial Statements.
3. Comprises interim and final dividends of 30.0 and 40.0 cents per share, respectively.
Declaration of dividend number 28
Notice is hereby given of the declaration of a gross final dividend of 40.0 cents per ordinary share
in respect of the year ended 30 September 2024. The dividend has been declared from income reserves
and is payable to shareholders recorded in the register at the close of business on
Friday, 24 January 2025. The number of ordinary shares (inclusive of treasury shares) in issue at the
date of this declaration is 1 417 549 301. Dividends will be subject to a local dividend withholding
tax at a rate of 20%, which will result in a net final dividend to those shareholders not exempt from
paying dividend withholding tax of 32.0 cents per ordinary share and 40.0 cents per ordinary share for
those shareholders who are exempt from dividend withholding tax.
The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the
Companies Act 71 of 2008 has been duly considered, applied and satisfied.
The salient dates applicable to the dividends are as follows:
Last day to trade cum dividend Tuesday, 21 January 2025
Trading ex-dividend commences Wednesday, 22 January 2025
Record date Friday, 24 January 2025
Payment date Monday, 27 January 2025
Share certificates may not be dematerialised nor rematerialised between Wednesday, 22 January 2025 and
Friday, 24 January 2025, both dates inclusive.
On Monday, 27 January 2025, the dividends will be electronically transferred to the bank accounts of all
certificated shareholders. Holders of dematerialised shares will have their accounts credited at their
participant or broker on Monday, 27 January 2025.
Netcare Limited's tax reference number is 9999/581/71/4.
FY2024 Group financial results webcast
Shareholders are advised that Netcare will be holding an annual results webcast on:
https://www.netcare.co.za/Netcare-Investor-Relations on Monday, 25 November 2024 at 9:00am. The investor
presentation will be made available on the Netcare website thereafter.
Netcare's independent auditor, Deloitte & Touche, has issued its unmodified opinion on the Audited
Consolidated Annual Financial Statements for the year ended 30 September 2024, which can be accessed via the
Netcare Investor Relations website at http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results.
This short-form announcement is the responsibility of the directors of the Company and is only a summary
of the Audited Consolidated Annual Financial Statements, which is published on the Company's website on
http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results, and does not contain complete or
full details. Any investment decisions by investors and/or shareholders should be based on consideration
of the Audited Consolidated Annual Financial Statements. This short-form announcement is extracted from
audited results but is itself not audited.
The Audited Consolidated Annual Financial Statements can be accessed directly using the following
JSE link: https://senspdf.jse.co.za/documents/2024/jse/isse/NTC/ye2024.pdf.
25 November 2024
Registered office: 76 Maude Street (corner West Street), Sandton, 2196, Private Bag X34, Benmore, 2010
Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer)
Non-executive directors: A Maditse (Lead Independent Director), B Bulo, L Human, I Kirk, R Phillips, L Stephens
Company Secretary: C Vikisi
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 135 Rivonia Road, Sandown, 2196
Transfer secretaries: CTSE Registry Services, Cape Town Stock Exchange, 5th Floor, 68 Albert Road, Woodstock,
Cape Town, 7965, Tel: 011 100 8352
Investor relations: ir@netcare.co.za
Date: 25-11-2024 07:30:00
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