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Unaudited Condensed Consolidated Interim Results for the Six Months Ended 28 February 2025 and Dividend Declaration
TREMATON CAPITAL INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/008691/06)
JSE code: TMT ISIN: ZAE000013991
("Trematon", "the company" or "the group")
UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 28 FEBRUARY 2025
AND CASH DIVIDEND DECLARATION
SALIENT FEATURES
Unaudited Unaudited
2025 2024 %
R'000 R'000 change
Revenue* 157 813 150 569 5%
Operating profit* 17 641 17 704 0%
(Loss)/profit after tax* (19 621) 14 730 (233%)
Headline earnings 6 384 8 008 (20%)
Headline earnings from discontinued operations 40 968 7 457 449%
(Loss)/earnings per share (cents) - continuing operations (16.0) 0.5
Earnings per share (cents) - discontinued operations 4.6 3.2
(Loss)/earnings per share (cents) - continuing and
discontinued operations (11.4) 3.7 (408%)
Headline (loss)/earnings per share (cents)
- continuing operations (15.5) 0.3
Headline earnings per share (cents)
- discontinued operations 18.4 3.3
Headline earnings per share (cents)
- continuing and discontinued operations 2.9 3.6 (20%)
Net asset value per share (cents) 288 339 (15%)
Diluted net asset value per share (cents) 288 339 (15%)
Intrinsic net asset value per share (cents) 344 408 (16%)
Diluted intrinsic net asset value per share (cents) 344 408 (16%)
* The statement of comprehensive income comparative figures were restated to account for the
discountinued operation. For details regarding the discontinued operations removed from the
comparative line items, refer to note 5 in the Interim Report.
CASH DIVIDEND DECLARATION
On 7 April 2025 the board of directors ("directors") declared a gross interim cash dividend
distribution of 110 cents per Trematon ordinary share ("share") from income reserves
(2024: nil cents) ("the Dividend") to shareholders recorded in the share register of the company at
the close of business on Friday, 2 May 2025. The total Dividend will equate to R245.1 million.
The implications of the Dividend on shareholders are as follows:
The gross Dividend of 110 cents per share from income reserves will be subject to dividend
withholding tax at a rate of 20%. Consequently, a net final Dividend of 88 cents per share will be
distributed to those shareholders who are not exempt from paying dividend tax. In terms of
dividend tax legislation, the dividend tax amount due will be withheld and paid over to the
South African Revenue Service by a nominee company, stockbroker or Central Securities Depository
Participant ("CSDP") on behalf of the shareholders.
As at the date of declaration of the Dividend there were 222 774 248 shares in issue. The income
tax reference number of Trematon Capital Investments Limited is 9340/323/84/0.
In compliance with the Companies Act, the directors confirm and have resolved that the company will
satisfy the solvency and liquidity test immediately after the payment of the Dividend.
In accordance with the provisions of Strate (Pty) Limited, the electronic settlement and
custody system used by the JSE Limited, the relevant dates for the Dividend are as follows:
Last date to trade: Tuesday, 6 May 2025
Ex-date: Wednesday, 7 May 2025
Record date: Friday, 9 May 2025
Payment date: Monday, 12 May 2025
Share certificates may not be dematerialised or rematerialised between Tuesday, 7 May 2025 and
Friday, 9 May 2025, both days inclusive. Only the shareholders recorded in the company's share
register as at record date are entitled to receive the Dividend declared.
Payments for certificated shareholders will be transferred electronically to their bank accounts on
the payment date. Shareholders who hold dematerialised shares will have their accounts at their
CSDP or stockbroker credited on Monday, 12 May 2025.
DIRECTORS' STATEMENT
During the current reporting period, Trematon sold its interest in Aria Property Group (Pty)
Limited ("Aria"), a 60%-held subsidiary of the group. The current interim results therefore
include Aria for a period of four months.
A detailed breakdown of continuing and discontinued operations is included in the Interim Report
which is available via the below links.
The directors, who take responsibility for the contents of this short-form announcement,
present the unaudited condensed consolidated interim results of Trematon Capital Investments
Limited for the six months ended 28 February 2025 ("Interim Report").
The interim results were prepared under the supervision of the chief financial officer,
Mr AL Winkler CA (SA).
The information in this announcement has been extracted from the unaudited interim results.
This announcement itself has not been reviewed or audited.
The financial information is only a summary and does not contain full details of the interim
financial results. Any investment decisions by investors and/or shareholders should be based on
information contained in the full announcement, which is available on the JSE website and on the
company's website.
The full Interim Report is available on the company's website at the following address:
https://www.trematon.co.za/download/2610
The full Interim Report is available on the JSE website at the following address:
https://senspdf.jse.co.za/documents/2025/jse/isse/tmt/hy2025.pdf
Copies of the full Interim Report may also be requested at the company's registered office by
contacting the company during office hours on +27 21 421 5550.
Domicile and registered office: 3rd Floor, Aria North Wharf
42 Hans Strijdom Avenue, Foreshore, Cape Town 8001
PO Box 15176, Vlaeberg 8018
Transfer secretaries: JSE Investor Services Proprietary Limited
Fifth Floor, One Exchange Square, 2 Gwen Lane, Sandown, 2196
Directors: R Lockhart-Ross (Chairman)*#, AJ Shapiro (Chief Executive Officer),
AL Winkler (Chief Financial Officer), JP Fisher*#, K Getz*, A Groll, MA Sessions*#, R Stumpf*
* Non-executive # Independent
Secretary: JJ Vos
Sponsor: Questco Corporate Advisory (Pty) Limited
Auditor: Moore Cape Town Inc.
Date published: 10 April 2025
Contact details: Tel: 021 421 5550
Website: www.trematon.co.za
Date: 10-04-2025 08:00:00
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