COMBINED MOTOR HOLDINGS LIMITED - Unaudited Group Financial highlights for the six months ended 31 August 2024, and dividend declaration

Unaudited Group Financial highlights for the six months ended 31 August 2024, and dividend declaration

Combined Motor
Holdings Limited
(Registration number: 1965/000270/06)
(Share code: CMH)
(ISIN: ZAE000088050)
("the Company" or "the Group")

UNAUDITED GROUP FINANCIAL HIGHLIGHTS
FOR THE SIX MONTHS ENDED 31 AUGUST 2024, AND DIVIDEND DECLARATION

                                                                                                               Unaudited    Unaudited       Audited
                                                                                                                6 months     6 months     12 months
                                                                                                    Change     31 August    31 August   29 February
                                                                                                         %          2024         2023          2024
                                                                  
Total assets                                                                           (R'000)         3,0     4 938 139    4 796 191     5 185 446
Cash resources                                                                         (R'000)        35,8       673 820      496 016       815 105
Net asset value per share                                                              (cents)         4,8         1 768        1 687         1 828
Revenue                                                                                (R'000)       (1,3)     6 534 453    6 620 891    12 839 564
Operating profit                                                                       (R'000)      (21,8)       283 920      363 205       781 164
Operating profit to revenue                                                                (%)      (21,8)           4,3          5,5           6,1
Total profit and comprehensive income                                                  (R'000)      (31,8)       134 167      196 820       408 484
Basic earnings per share                                                               (cents)      (31,8)         179,4        263,1         546,1
Headline earnings per share                                                            (cents)      (31,9)         179,3        263,1         541,8
Dividend paid per share                                                                (cents)                                                386,0
Dividend declared per share, payable December 2024                                     (cents)      (30,1)         102,0        146,0

Short-form announcement
This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and
does not contain complete details. Any investment decision should be based on the full announcement which can be found on the Company's website
at www.cmh.co.za and through the JSE cloudlink https://senspdf.jse.co.za/documents/2024/jse/isse/CMH/CMHIR2024.pdf. The results for the six months
ended 31 August 2024 have not been reviewed nor audited by the Company's auditor.

Dividend declaration
Notice is hereby given that a dividend (dividend number 72) of 102 cents per share will be paid on Tuesday, 17 December 2024 to members reflected
in the share register of the Company at the close of business on the record date, Friday, 13 December 2024. Last day to trade cum dividend is Tuesday,
10 December 2024. First day to trade ex dividend is Wednesday, 11 December 2024. Share certificates may not be dematerialised or rematerialised from
Wednesday, 11 December 2024 to Friday, 13 December 2024, both days inclusive. The number of ordinary shares in issue at the date of the declaration
74 801 998. Consequently, the gross dividend payable is R76 298 038 and will be distributed from income reserves. The dividend will be subject to 
is dividend withholding tax at a rate of 20%, which will result in a net dividend of 81,6 cents to those shareholders who are not exempt in terms of 
section 64F of the Income Tax Act.

17 October 2024
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd


Date: 17-10-2024 03:54:00
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