BELL EQUIPMENT LIMITED - Audited results for the year ended 31 December 2024 and dividend declaration

Audited results for the year ended 31 December 2024 and dividend declaration

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
("Bell Equipment" or "the Company")

AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024 AND DIVIDEND DECLARATION

INTRODUCTION

Bell Equipment is a Proudly South African and global company with more than 70 years of experience in the manufacture,
distribution and support of materials handling equipment. Our comprehensive network of Bell branches and independent dealers
supplies equipment solutions, ancillary products and after-sales services to the agriculture, forestry, waste handling,
construction and mining industries worldwide.

The content of this short form announcement is the responsibility of the board of directors of the Company.

PricewaterhouseCoopers Inc have issued an unmodified audit opinion on the consolidated annual financial statements for
the year ended 31 December 2024. The auditor's report and the consolidated annual financial statements are available on the
Company's website at www.bellir.co.za.

Any investment decisions by investors should be based on the audited annual financial statements as the information in the announcement
does not provide all of the details and investors are encouraged to review the audited annual financial statements,
which is available for viewing on the Company's website (www.bellir.co.za).

Link to financial results https://senspdf.jse.co.za/documents/2025/jse/isse/BEL/Final24.pdf

FINANCIAL AND OPERATING RESULTS
                                                                                               2024            2023     % change
                                                                                              R'000           R'000                                                                                                                                                                                                                                                   
Revenue                                                                                  11 696 666      13 513 560          (13)
Profit from operating activities                                                            754 397       1 193 711          (37)
Profit for the year                                                                         471 064         793 566          (41)
Net cash inflow (outflow) for the year (restated)                                           458 332        (504 093)         191
Earnings per share (basic)(cents)                                                               461             799          (42)
Headline earnings per share (basic)(cents)                                                      465             798          (42)
Net asset value per share (cents)                                                             5 936           5 527            7
Dividend per share (cents)                                                                      160               -            -

DIVIDEND CONSIDERATION
Notice is hereby given that the directors have declared a gross final cash dividend of 160 cents per ordinary share
for the year ended 31 December 2024 payable to ordinary shareholders in accordance with the timetable below.

The net final dividend is 128.00000 cents per share for ordinary shareholders who are subject to the 20 percent dividend withholding tax.

The dividend has been declared from income reserves.

The company's income tax reference number is 9022169206.

The issued share capital at the declaration date is 95 629 385 ordinary shares.

Last day of trade to receive a dividend                                       Monday, 14 April 2025
Shares commence trading "ex" dividend                                        Tuesday, 15 April 2025
Record date                                                                 Thursday, 17 April 2025
Payment date                                                                 Tuesday, 22 April 2025

Share certificates may not be dematerialised or rematerialised between Tuesday, 15 April 2025, and Thursday, 17 April 2025,
both days inclusive.

A shareholders' presentation is available on the Company's website.

On behalf of the board


Gary Bell                                              Ashley Bell
Chairman                                               Chief Executive

Richards Bay  
28 March 2025

DIRECTORS
Non-executive
GW Bell (Chairman), HR van der Merwe* (Lead Independent),
DH Lawrance*, ME Ramathe*, R Naidu*, U Maharaj*, M Geyer*
*Independent

Executive
AJ Bell (Group Chief Executive), A Goordeen (Alternate),
KJ van Haght (Group Finance Director)

Company Secretary
D McIlrath

Registered Office
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900

Transfer Secretaries
JSE Investor Services Proprietary Limited
One Exchange Square, Gwen Lane, Sandown, Sandton, 2196

Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196

Auditors
PricewaterhouseCoopers Inc.

www.bellir.co.za

Announcement date: 28 March 2025

Date: 28-03-2025 05:24:00
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