INVICTA HOLDINGS LIMITED - Unaudited condensed consolidated interim results for the six months ended 30 September 2024

Unaudited condensed consolidated interim results for the six months ended 30 September 2024

Invicta Holdings Limited and its subsidiaries 
(Incorporated in the Republic of South Africa)
Registration number 1966/002182/06  
Share code: IVT  
ISIN: ZAE000029773
("Invicta" or "the Company" or "the Group")


Unaudited condensed consolidated interim results for the six months ended 30 September 2024


To view the full announcement please visit our website at http://www.invictaholdings.co.za

Our trading results for the current period are consistent with those of the previous period, demonstrating our core operations' strong and
reliable nature. The financial results were mainly affected by the strengthening of the Rand against major currencies, particularly the
US Dollar, which led to a R18 million forex loss, compared to a R33 million gain in the prior period.

With our strategy focused on expanding offshore, our business has become more reliant on the major foreign currencies, and the forex 
adjustment reflects that relationship. We believe our strategy is sound and will prove to be beneficial in the long term.

Several acquisitions and disposals took place:
 -  Redeemed all 6.9 million outstanding preference shares for R703 million, unlocking additional value for ordinary shareholders.
 -  Acquired 100% of National Bearing Company Limited in the United Kingdom.
 -  Disposed of 100% shareholding in KMP Holdings to Kian Ann Engineering Pte. Ltd.

Results summary:
 -  Revenue grew by 2%.
 -  Operating profit before foreign exchange movements for the period was 11% higher than the comparative period.
 -  HEPS and sustainable HEPS declined by 14%, impacted by the strong Rand.
 -  Net Asset Value per share increased by 4%.
 -  Cash on hand of R734 million.
                             
                                                                                                            30 September
FINANCIAL SUMMARY                                                                                        2024         2023    % Change

Shareholders' equity                                                                      R'000     5 038 969    5 588 985        (10)
Revenue                                                                                   R'000     4 002 997    3 928 557*         2
Operating profit before net finance income on financing                                    
transactions and foreign exchange movements                                               R'000       368 850      332 020*        11
Profit for the period                                                                     R'000       273 792      356 013        (23)
Basic earnings per share                                                                  cents           251          304        (17)
Headline earnings per share                                                               cents           231          269        (14)
Sustainable headline earnings per share**                                                 cents           240          278        (14)
Net asset value per ordinary share                                                        cents         5 203        4 992          4
Dividend per share                                                                        cents             -            -          -

*  Prior year represented for discontinued operation.
** Please refer to note 10 of the Unaudited Consolidated Interim Results for the computation of sustainable headline earnings per share.

This short-form announcement is the responsibility of the directors and is a summary of the information in the full announcement and 
does not contain full or complete details. Any investment decisions should be based on the full announcement that has been published on
SENS at https://senspdf.jse.co.za/documents/2024/jse/isse/IVT/Int2024.pdf and is also available on our website http://www.invictaholdings.co.za.

Copies of the full announcement may be requested from the company secretary at info@invictaholdings.co.za.

Ordinary share cash dividend
The board intends paying a dividend at financial year end, by applying a cover ratio between 2.75 and 3.25 times on sustainable earnings.

By order of the board

STEVEN JOFFE                                 NAZLEE RAJMOHAMED
Chief Executive Officer                      Group Financial Director

25 November 2024

Invicta Holdings Limited
Registered office:
3 Droste Crescent, Droste Park,
Johannesburg, Gauteng, 2094

Transfer secretaries:
Computershare Investor Services Proprietary Limited,
Rosebank Towers, 15 Biermann Avenue,
Rosebank, 2196

Directors:
Dr CH Wiese* (Chairman), S Joffe (CEO), C Barnard,
N Rajmohamed, LR Sherrell*, RA Wally^, Adv JD Wiese*,
PM Makwana^, I Van Heerden*, F Davidson^
* Non-executive   ^ Independent non-executive

Sponsor:
Nedbank Corporate and Investment Banking,
a division of Nedbank Limited

Date: 25-11-2024 07:30:00
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.