Sharenet Sites 
Sharenet Sites
SF: Summary of Condensed Unaudited Group Financial Results for the 6 Months Ended 31 Dec 2025 & Dividend Declaration
BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF ISIN number: ZAE000030797
("Bowler" or "the Company" or "the Group")
SHORT FORM ANNOUNCEMENT
SUMMARY OF CONDENSED UNAUDITED GROUP FINANCIAL RESULTS FOR THE SIX MONTHS
ENDED 31 DECEMBER 2025 AND DIVIDEND DECLARATION
31 December 31December
2025 % 2024
R'mil Unaudited Change Unaudited
Earnings
Revenue 497.3 +8 459.4
Profit from operations 82.0 +19 69.1
Net profit before tax 93.9 +16 80.8
Net profit after tax 68.5 +16 59.3
Attributable to parent
Net profit after tax and total
comprehensive income 68.5 +16 59.3
Earnings – cents per share
Earnings 100.18 +16 86.25
Headline earnings 100.18 +16 86.25
Dividends – cents per share
Final previous year paid 44.00 +16 37.80
Interim- payable 30 March 2026 29.00 +16 25.00
Net asset value- R'm 915.0 +10 833.0
An interim gross cash dividend, as defined by the Income Tax Act, of 29.00 cents per
share ("cps") for the six months ended 31 December 2025 (2024: 25.00 cps) has been
declared and is payable to shareholders on Monday, 30 March 2026. The last day to
trade will be Tuesday, 24 March 2026, the ex-date is Wednesday, 25 March 2026 and the
record date will be Friday, 27 March 2026. Share certificates may not be de-materialised
or re-materialised between Wednesday, 25 March 2026 and Friday, 27 March 2026, both
days inclusive. The directors confirm that at the date of this report they are satisfied with
the solvency and liquidity test.
This dividend will be made from income reserves. The gross dividend is 29.00 cps. Dividend
Withholding Tax (DWT) is 20%. The net local cash dividend to shareholders liable for DWT
will therefore be 23.20 cps.
The number of shares in issue (including treasury shares) at the date of declaration is
74 703 569.
The short-form announcement is the responsibility of the directors and is only a summary
of the information in the full announcement and does not contain full or complete details.
Any investment decisions by investors and/or shareholders should be based on
consideration of the full announcement released on SENS on 3 February 2026 and
published on the Company's website as a whole. The full announcement can be found
on the Company's website at www.bowlermetcalf.co.za and also at the following link:
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/BCF/BCFIR25.pdf
Copies of the full announcement may also be requested at the Company's registered
office and at the office of the sponsor, at no charge, during office hours by phoning the
Company on +27 21 704 2223.
Cape Town Prepared by:
3 February 2026 AC September CA(SA)
Sponsor
AcaciaCap Advisors Proprietary Limited
Date: 03-02-2026 05:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
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,
information disseminated through SENS.
