| INTRODUCTION |
| Bell Equipment is a Proudly South African and global company with more than 70 years of experience in the manufacture, distribution and support of materials handling equipment. Our comprehensive network of Bell branches and independent dealers supplies equipment solutions, ancillary products and after-sales services to the agriculture, forestry, waste handling, construction and mining industries worldwide. |
| The content of this short form announcement is the responsibility of the board of directors of the Company. |
| PricewaterhouseCoopers Inc. have issued an unmodified audit opinion on the consolidated annual financial statements for |
| the year ended 31 December 2024. The auditor's report and the consolidated annual financial statements are available on the Company's website at www.bellir.co.za. |
| Any investment decisions by investors should be based on the audited annual financial statements, as the information in the announcement does not provide all of the details, and investors are encouraged to review the audited annual financial statements. |
| Which is available for viewing on the Company's website (www.bellir.co.za). |
| Link to financial results https://senspdf.jse.co.za/documents/2025/jse/isse/BEL/Final24.pdf |
| FINANCIAL AND OPERATING RESULTS
|
2024 |
2023 |
% change |
| |
R'000 |
R'000 |
|
| Revenue |
11 696 666 |
13 513 560 |
(13) |
| Profit from operating activities |
754 397 |
1 193 711 |
(37) |
| Profit for the year |
471 064 |
793 566 |
(41) |
| Net cash inflow (outflow) for the year (restated) |
458 332 |
(504 093) |
191 |
| Earnings per share (basic)(cents) |
461 |
799 |
(42) |
| Headline earnings per share (basic)(cents) |
465 |
798 |
(42) |
| Net asset value per share (cents) |
5 936 |
5 527 |
7 |
| Dividend per share (cents) |
160 |
- |
- |
DIVIDEND CONSIDERATION |
| Notice is hereby given that the directors have declared a gross final cash dividend of 160 cents per ordinary share for the year ended 31 December 2024, payable to ordinary shareholders by the timetable below. |
| The net final dividend is 128.00000 cents per share for ordinary shareholders who are subject to the 20 percent dividend withholding tax. The dividend has been declared from income reserves. |
| The company's income tax reference number is 9022169206. |
| The issued share capital at the declaration date is 95,629,385 ordinary shares. |
| Last day of trade to receive a dividend |
Monday, 14 April 2025 |
| Shares commence trading "ex" dividend |
Tuesday, 15 April 2025 |
| Record date |
Thursday, 17 April 2025 |
| Payment date |
Tuesday, 22 April 2025 |
Share certificates may not be dematerialised or rematerialised between Tuesday, 15 April 2025, and Thursday, 17 April 2025, both days inclusive. |
| A shareholders' presentation is available on the Company's website. |
| For the full document, click the link below: |
| Bell Equipment Limited |
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