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Group AFS, summarised audited group annual results and cash dividend declaration for the 52 weeks ended 29 June 2025
TRUWORTHS INTERNATIONAL LTD
(Incorporated in the Republic of South Africa)
Registration number: 1944/017491/06)
(Tax reference number: 9875/145/71/7)
JSE and A2X code: TRU
NSX code: TRW
ISIN: ZAE000028296
LEI: 37890099AFD770037522
GROUP ANNUAL FINANCIAL STATEMENTS, SUMMARISED AUDITED GROUP ANNUAL RESULTS AND CASH DIVIDEND DECLARATION FOR THE 52 WEEKS ENDED 29 JUNE 2025
Truworths International Ltd (the company) is an investment holding and management company listed on the stock exchanges
operated by the JSE Ltd (JSE) and A2X (Pty) Ltd (A2X), as well as the Namibian Stock Exchange. Its principal trading entities,
Truworths Ltd and Office Holdings Ltd, are engaged either directly or indirectly through subsidiaries, concessions, agencies or
wholesale partnerships, in the cash and account retailing of fashion clothing, footwear, homeware and related merchandise. The
company and its subsidiaries (the Group) operate primarily in South Africa and the United Kingdom (UK), and have a presence in
the Republic of Ireland and other sub-Saharan Africa countries.
Key features:
Reported 52 weeks to 29 June 2025 Pro forma 52 weeks to 29 June 2025
Sale of merchandise up 3.2% to R21.3 billion
Retail sales up 2.7% to R22.0 billion
Gross profit margin 51.3%
(2024: 52.3%)
Operating margin 20.0% 20.1%
(2024: 27.3%) (2024: 21.0%)
Earnings per share 745.2 cents 748.4 cents
(2024: 1 046.9 cents) (2024: 780.8 cents)
Headline earnings per share 752.1 cents 752.1 cents
(2024: 817.9 cents) (2024: 780.8 cents)
743.4 cents 743.4 cents
Diluted headline earnings per share (2024: 805.8 cents) (2024: 769.2)
R4.8 billion
Cash generated from operations (2024: R4.7 billion)
2 859 cents
Net asset value per share (2024: 2 553 cents)
Net cash of R720 million
Net cash/debt (2024: Net debt of R306 million)
Annual dividend per share down 7.9% to 487 cents
The audited Group annual financial statements, including full pro forma financial information, are accessible via the JSE cloud link
at https://senspdf.jse.co.za/documents/2025/jse/isse/tru/FY2025AFS.pdf and on the company's website at
www.truworths.co.za/investor-relations. As the information in this announcement does not provide all of the details, any
investment decisions in relation to the company's shares should be based on consideration of the audited Group annual financial
statements.
The Group annual financial statements for the period ended 29 June 2025 have been audited by the company's auditors,
Deloitte & Touche, who expressed an unmodified audit opinion thereon.
The summarised audited Group annual results for the 52 weeks ended 29 June 2025 and cash dividend declaration notice are also
available on the company's website at www.truworths.co.za/investor-relations.
FINAL DIVIDEND
The directors of the company have resolved to declare a final gross cash dividend from retained earnings in respect of the 52-week
period ended 29 June 2025 in the amount of 170 South African cents (2024: 197 South African cents) per ordinary share to
shareholders reflected in the company's register on the record date, being Friday, 19 September 2025.
The last day to trade in the company's shares cum dividend is Tuesday, 16 September 2025. Consequently, no dematerialisation
or rematerialisation of the company's shares may take place over the period from Wednesday, 17 September 2025 to
Friday, 19 September 2025, both days inclusive. Trading in the company's shares ex dividend will commence on Wednesday,
17 September 2025. The dividend is scheduled to be paid in South African Rand (ZAR) on Monday, 22 September 2025.
Dividends will be paid net of dividends tax (currently 20%), to be withheld and paid to the South African Revenue Service. Such tax
must be withheld unless beneficial owners of the dividend have provided the necessary documentary proof to the relevant
regulated intermediary (being a broker, CSD participant, nominee company or the company's transfer secretaries,
Computershare Investor Services (Pty) Ltd, Private Bag X9000, Saxonwold, 2132, South Africa) that they are exempt therefrom,
or entitled to a reduced rate, as a result of a double taxation agreement between South Africa and the country of tax domicile of
such owner.
The withholding tax, if applicable at the rate of 20%, will result in a final net cash dividend per ordinary share of 136 South African
cents. The company has 408 498 899 ordinary shares in issue as at the date of this announcement. The dividend on 25 131 064 of
these shares (at the date of this announcement) held by Group subsidiaries as treasury shares for their own account will flow back
into the Group. In accordance with the company's memorandum of incorporation, the dividend will only be paid by electronic
funds transfer, and no cheque payments will be made. Accordingly, shareholders who have not yet provided their bank account
details should do so to the company's transfer secretaries.
The directors have determined that gross dividends amounting to less than 2 000 South African cents due to any one shareholder
of the company's shares held in certificated form, will not be paid, unless otherwise requested in writing, but the net amount
thereof will be aggregated with other such net amounts and donated to a charity to be nominated by the directors of the company.
By order of the board.
H Saven MS Mark
Chairman Chief Executive Officer
28 August 2025
Truworths International Ltd Transfer secretaries:
(Incorporated in the Republic of South Africa) In South Africa:
(Registration number: 1944/017491/06) Computershare Investor Services (Pty) Ltd,
(Tax reference number: 9875/145/71/7) Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196,
South Africa
JSE and A2X code: TRU Private Bag X9000, Saxonwold, 2132, South Africa
NSX code: TRW
In Namibia:
ISIN: ZAE000028296
LEI: 37890099AFD770037522 Transfer Secretaries (Pty) Ltd,
Robert Mugabe Avenue No. 4, Windhoek, Namibia
Registered office: PO Box 2401, Windhoek, Namibia
No. 1 Mostert Street, Cape Town, 8001, South Africa
Company Secretary:
PO Box 600, Cape Town, 8000, South Africa
C Durham
Sponsor in South Africa: Directors:
One Capital H Saven (Chairman)§‡, MS Mark (CEO)*, EFPM Cristaudo
(Joint Deputy CEO/CFO)*, SJ Proudfoot (Joint Deputy CEO)*,
Sponsor in Namibia:
BM Deegan§‡, RG Dow§‡, D Earp§‡, JHW Hawinkels
Merchantec Capital (Lead Independent Director)§‡, AMSS Mokgabudi§‡,
Auditors: TF Mosololi§‡, DR Motsepe§‡, WG Muller§‡, RJA Sparks§‡
Deloitte & Touche and AJ Taylor§‡
* Executive § Non-executive ‡ Independent
www.truworths.co.za/investor-relations
Date: 28-08-2025 02:25:00
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