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Summarised Financial Results and Cash Dividend Declaration for the Year Ended 30 June 2024
SUPER GROUP LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER: 1943/016107/06)
SHARE CODE: SPG
ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
DEBT COMPANY CODE: BISGL
("SUPER GROUP" OR "THE GROUP" OR "THE COMPANY")
SUMMARISED FINANCIAL RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2024
- Revenue increased by 4.6% to R64.90 billion (June 2023: R62.03 billion*)
- EBITDA decreased by 1.4% to R8.45 billion (June 2023: R8.57 billion*)
- Operating profit decreased by 5.6% to R3.79 billion (June 2023: R4.02 billion*)
- Earnings per share decreased by 97.3% to 12.9 cents (June 2023: 480.9 cents*)
- Headline earnings per share decreased by 25.9% to 353.8 cents (June 2023: 477.5 cents*)
- Operating cash flow decreased by 3.4% to R8.57 billion (June 2023: R8.87 billion*)
- Net asset value per share decreased by 7.4% to R42.90 (30 June 2023: R46.35*)
* Restated, refer to note 11 in Salient features
FINANCIAL RESULTS
Super Group's financial results for the year ending 30 June 2024 reflect its ability to navigate a difficult trading environment, with the Group recoding
notable new client wins, contract renewals and increases in market share. Revenue increased by 4.6% to R64.90 billion, benefiting from the weakening Rand
and strategic acquisitions in the UK and South Africa. Despite this revenue growth, EBITDA decreased by 1.4% to R8.45 billion and operating profit fell by
5.6% to R3.79 billion, mainly due to weaker performances in the European supply chain businesses and the UK-based dealerships business. The Group has
declared a dividend of 60 cents per share for the year ended 30 June 2024.
Geopolitical uncertainties and infrastructural challenges in South Africa have placed significant pressures on both revenue generation and operational cost
structures. Despite these pressures, the business has done well in growing market share across its Southern African Supply Chain and Dealerships operations.
The Group's operations span various geographies, industries and currencies and this diversification has been instrumental in managing market volatility.
Super Group's revenue and operating profit contributions from its non-South African businesses were 56% and 54%, respectively.
Looking ahead, Super Group anticipates continued macro-economic and infrastructural challenges but is optimistic that potential interest rate cuts and
moderating inflation will ease the cost-of-living pressures on consumers in all operating geographies. The Group will remain focused on innovative client
solutions and cost management and is well positioned to deliver a resilient financial performance for the year ending June 2025.
CASH DIVIDEND DECLARATION
Notice is hereby given that a final gross dividend of 60 cents (2023: 80 cents) per share has been declared out of income reserves in respect of the
ordinary shares of no-par value for the year ended 30 June 2024.
A dividend withholding tax of 20% or 12 cents per share will be applicable, resulting in a net dividend of 48 cents per share, unless the shareholder
concerned is exempt from paying dividend withholding tax or is entitled to a reduced rate in terms of an applicable double-tax agreement. The issued share
capital at the declaration date is 340,000,000 ordinary shares. The income tax number of the Company is 9050050716.
Dates of importance
Dividend declaration date Wednesday, 11 September 2024
Last day to trade in order to participate in the dividend Tuesday, 1 October 2024
Shares trade ex-dividend Wednesday, 2 October 2024
Record date Friday, 4 October 2024
Payment date Monday, 7 October 2024
Share certificates may not be dematerialised or rematerialised between Wednesday, 2 October 2024 and Friday, 4 October 2024, both days inclusive.
REGULATORY REQUIREMENTS
The contents of the short form announcement are the responsibility of the Board of Directors of Super Group Limited. It is only a summary of the information
in the full announcement released on JSE Limited's Stock Exchange News Service and does not therefore contain full or complete details. The directors take
full responsibility for the preparation of the Summarised Consolidated Financial Statements and confirm that the financial information has been correctly
extracted from the underlying annual financial statements. Any forward-looking information is the responsibility of the directors and has not been reviewed
or reported on by the Company's External Auditor. Any investment decisions by shareholders and/or investors should be based on the full announcement which
can be downloaded from the Group's website at https://supergroup.co.za/latest-results/ or requested from john.mackay@supergrp.com. The full announcement can
also be accessed online at https://senspdf.jse.co.za/documents/2024/JSE/ISSE/SPG/FY24.pdf
AUDIT REPORT
The Company's independent auditor, KPMG Incorporated, has issued an unqualified audit opinion on the Consolidated and Separate Annual Financial Statements.
The independent auditor's report includes a section on key audit matters. Post the release of the SENS announcement on 11 September 2024, the Summarised
Consolidated Financial Statements will be available on the Group's website at https://supergroup.co.za/latest-results/. The Audited Consolidated, Separate
Annual Financial Statements and audit opinion will be available on request from the Company Secretary, John Mackay, at john.mackay@supergrp.com.
For and on behalf of the Board
Valentine Chitalu Peter Mountford
Chairperson Chief Executive Officer
Sandton Registered office
11 September 2024 27 Impala Road, Chislehurston, Sandton, 2196
Equity Sponsor Debt Sponsor
Investec Bank Limited Questco (Pty) Ltd
Date: 11-09-2024 07:05:00
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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