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EXXARO RESOURCES LIMITED - EXX - Reviewed Financial Results; Final Dividend; Share Repurchase Programme and Update on BEE transaction
2025/03/13 07:05:00Download PDF Stock report
EXX - Reviewed Financial Results; Final Dividend; Share Repurchase Programme and Update on BEE transaction
Exxaro Resources Limited
Registration number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
Bond Issuer code: EXXI
('Exxaro' or the 'Company')
REVIEWED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024(1),
FINAL DIVIDEND, SHARE REPURCHASE PROGRAMME AND UPDATE ON BLACK
ECONOMIC EMPOWERMENT TRANSACTION
Revenue of R40.7 billion, up 5% from R38.7 billion
Profit(2) of R7.6 billion, down 28% from R10.6 billion
AEPS of 3 192 cents, down 32% from 4 666 cents
HEPS of 3 016 cents, down 36% from 4 681 cents
Final dividend of 866 cents per share, down 144 cents per share
from 1 010 cents per share
(1) Compared to the year ended 31 December 2023.
(2) Net operating profit.
Exxaro, a large South African-based diversified resources group, with interests in the coal, energy and
ferrous markets released its reviewed condensed group financial statements for the year ended
31 December 2024 (condensed financial statements).
This results announcement is the responsibility of the directors.
Any investment decisions should be based on the condensed financial statements as the information
in this results announcement does not provide all the details.
The condensed financial statements are available through the following JSE cloudlink and the issuer's
weblink:
https://senspdf.jse.co.za/documents/2025/jse/isse/EXX/AFS-YE2024.pdf
https://www.exxaro.com/investor-centre/financial-results/
The condensed financial statements have been reviewed by the Company's auditors, KPMG Inc, who
issued an unmodified review conclusion thereon.
Notice of final cash dividend and share repurchase programme
At the board of directors meeting on 11 March 2025, the directors approved a gross final dividend of
866 cents per share. The final dividend is payable on 12 May 2025 to shareholders who will be on the
register on 9 May 2025. The final dividend was declared from income generated during the year ended
31 December 2024 and has been declared from income reserves. The final dividend is subject to
dividend withholding tax at a rate of 20% for all shareholders who are not exempt from or do not qualify
for a reduced rate of dividend withholding tax (net local dividend amounts to 692.80000 cents per
share).
Salient dates for the payment of the final dividend are:
Last day to trade cum dividend on the JSE Tuesday, 6 May 2025
First trading day ex dividend on the JSE Wednesday, 7 May 2025
Record date Friday, 9 May 2025
Payment date Monday, 12 May 2025
No share certificates may be dematerialised or re-materialised between Wednesday, 7 May 2025 and
Friday, 9 May 2025, both days inclusive.
The number of ordinary shares in issue as at the date of this declaration is 349 305 092. Exxaro's
company tax reference number is 9218/098/14/4.
On 11 March 2025, the board of directors approved a share repurchase programme to the value of
R1.2 billion, subject to prevailing market conditions and the JSE Listings Requirements.
Update on Black Economic Empowerment Transaction
We are pleased to announce that Eyesizwe (RF) Proprietary Limited ('Eyesizwe') shareholders have
signed a separate waiver and undertaking, in favour of, and enforceable by Eyesizwe, to maintain the
current 30.81% shareholding in Exxaro until 2027. In terms of the waivers and undertakings, Eyesizwe
shareholders waived their options to dispose of any of the locked-in shares or make any request which
will result in Eyesizwe having to dispose of the locked-in shares, in the previously stated agreed
tranches, until 2027. This is a significant milestone which ensures that Exxaro retains its empowerment
level and status as one of South Africa's largest and foremost black-empowered and diversified mining
companies.
By order of the board
Mvuleni Geoff Qhena
Chairman
13 March 2025
Executive directors Registered office
PA Koppeschaar (Acting CEO and Finance director) Exxaro Resources Limited
The conneXXion
Non-executive directors 263B West Avenue
VZ Mntambo Die Hoewes, Centurion,
IN Malevu 0157
MLB Msimang
www. exxaro.com
Independent non-executive directors
MG Qhena (Chairman) Lead equity sponsor and debt sponsor
GJ Fraser-Moleketi (Lead independent director) Absa Bank Limited (acting through its Corporate and
CJ Nxumalo Investment Banking Division)
PCCH Snyders
Dr P Mnganga Joint equity sponsor
KM Ireton Tamela Holdings Proprietary Limited
B Mawasha
B Magara Group company secretary
N Medupe MH Nana
N Molope
Registrars
JSE Investor Services Proprietary Limited
One Exchange Square, Gwen Lane
Sandown, Sandton,
2196
LEAD EQUITY SPONSOR AND DEBT SPONSOR
Absa Bank Limited (acting through its Corporate and Investment Banking division).
JOINT EQUITY SPONSOR
Tamela Holdings Proprietary Limited
Date: 13-03-2025 07:05:00
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