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Reviewed Condensed Consolidated Results for the Year ended 30 June 2025 and Dividend Announcement
Transpaco Limited
(Incorporated in the Republic of South Africa)
Registration number 1951/000799/06
ISIN: ZAE000007480
JSE share code: TPC
("Transpaco" or "the company" or "the group")
Reviewed Condensed Consolidated Results for the Year ended 30 June 2025 and Dividend Announcement
A leading manufacturer and distributor of plastic and paper packaging products
- NET ASSET VALUE 3 503 CENTS
- HEPS DOWN 0,9% TO 516,2 CENTS
- TOTAL DIVIDEND PER SHARE 235 CENTS
FINANCIAL RESULTS
Reviewed Audited
12 months 12 months
June June %
2025 2024 change
Revenue (R'million) 2 432,4 2 487,1 (2,2)
Operating profit (R'million) 207,6 212,7 (2,4)
Profit before taxation (R'million) 200,4 206,5 (3,0)
Earnings and diluted earnings per share (cents) 517,4 521,5 (0,8)
Headline and diluted headline earnings per share (cents) 516,2 520,9 (0,9)
Total gross dividend per share (cents) 235,0 240,0 (2,1)
Net asset value per share (cents) 3 503,0 3 232,0 8,4
Operating margin (%) 8,6 8,6 0,0
Net interest-bearing debt: equity ratio (%) 0,6 Net cash
positive
INTRODUCTION
Transpaco's reduction in operating profit was in line with a similar anticipated drop in revenue
due to challenging trading conditions. Weak consumer and business sentiment continues to affect
Transpaco while the South African economy remains stagnant.
Group revenue contracted by R55 million, a 2,2% reduction to R2 432 billion (June 2024: R2 487 billion)
for the 12 months ended 30 June 2025 ("the year").
The Plastics divisions revenue increased marginally by 0,2% while Paper experienced a 4,6% decrease.
Transpaco's operating profit decreased by 2,4% to R207,6 million (June 2024: R212,7 million),
maintaining an 8,6% operating margin (June 2024: 8,6%).
Notwithstanding the decrease in headline earnings (HE) of 3,4%, headline earnings per share (HEPS)
declined 0,9% to 516,2 cents (June 2024: 520,9 cents) further impacted by the share buy-back during
the year.
Notably, revenue in the first six months of the financial year is traditionally greater than in the
second six months due to the seasonal nature of the business.
Transpaco's robust balance sheet is attributable to the group's continued sound investment strategy,
considered capital allocation and strict working capital management.
DECLARATION OF ORDINARY DIVIDEND IN RESPECT OF THE YEAR ENDED 30 JUNE 2025
The board has declared a final gross cash dividend out of income reserves of 160,0 cents per share,
resulting in total dividends of 235,0 cents per share for the year ended 30 June 2025
(June 2024: 240,0 cents per share). After applying the dividend withholding tax of 20%, a net final
dividend of 128,0 cents per share will be paid to those shareholders who are not exempt from the
dividends tax. The issued shares at the date of declaration is 27 839 388 ordinary shares. The income
tax reference number is 9975/112/71/6.
The salient dates for the dividend are as follows:
Last date to trade shares cum dividend Tuesday, 16 September 2025
Shares trade ex-dividend Wednesday, 17 September 2025
Record date Friday, 19 September 2025
Payment date Monday, 22 September 2025
Share certificates may not be dematerialised or rematerialised between Wednesday, 17 September 2025
and Friday, 19 September 2025, both days inclusive.
ADMINISTRATIVE INFORMATION
This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement. The full announcement was released on SENS on 27 August 2025,
and can be found on the company's website at www.transpaco.co.za and on the following JSE link:
https://senspdf.jse.co.za/documents/2025/jse/isse/TPC/FYResults.pdf
Any investment decision should be based on the full announcement published on SENS and on the
company's website.
REVIEW BY INDEPENDENT AUDITOR
The group's auditor BDO South Africa Incorporated has reviewed the condensed consolidated financial
information for the year. The unmodified review report is available in the full announcement.
On behalf of the board
DJJ Thomas PN Abelheim L Weinberg
Chairman Chief Executive Officer Chief Financial Officer
27 August 2025
DIRECTORS
DJJ Thomas (Chairman)*; PN Abelheim (Chief Executive Officer); L Weinberg (Chief Financial Officer);
HA Botha**; SR Bouzaglou; SY Mahlangu**; SP van der Linde (Lead Independent Director)**
*Non-executive **Independent non-executive
Auditors
BDO South Africa Incorporated
Company secretary
HJ van Niekerk
Sponsor
Investec Bank Limited
Registered office
331 6th Street, Wynberg, Sandton
Transfer secretaries
Computershare Investor Services (Pty) Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg
Website www.transpaco.co.za
Date: 27-08-2025 01:30:00
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