| TeleMasters is a diversified technology investment company. Our vision is to create and accelerate shareholder value through responsible growth, acquisitions and investments. Entities within the Group are complementary towards each other with a key focus on enhancing digital transformation, empowering next-generation interconnectivity and accelerating smart working environments. |
| The Group consists of the following divisions: |
| Catalytic Connections Proprietary Limited is a diversified ICT managed solutions provider to medium and small enterprises through a comprehensive suite of products and services focused on digital connectivity, cloud communications, cloud services and cloud security. |
| Contineo Virtual Communications Proprietary Limited (“Contineo”) operates a Next Generation Unified Communications (“UC”) platform based on Cisco BroadSoft technology. The platform enables customers to migrate all their voice and UC traffic into the cloud and transform Contineo from a traditional wholesale reseller of voice minutes into the largest independent wholesaler supplier of the Cisco BroadSoft communications platform in South Africa. |
| PerfectWorx Consulting Proprietary Limited is a niche network systems integrator that builds and operates networks for or with customers, supplies technology to build networks or provides specific solutions for customers’ network requirements. It enjoys key technology partnerships with Cisco Meraki, Fortinet, Oracle, Exaware, Sonus and Juniper Networks, among others. |
| Ultra DataCentre Proprietary Limited built and operates a data centre located outside of Pretoria. This data centre is a vendor and carrier-neutral facility that features several unique data centre capabilities, including smart rack infrastructure, ultra-secure physical environment, and connectivity vendor redundancy. Due to its location just outside the principal jurisdictions of many other data centres, it specialises in ultra-secure disaster recovery capabilities but also functions as a primary data centre for clients. Unique among data centres, it has massive and scalable utility power availability. The building is extremely physically secure with national key point bunker-typee) construction. It has significant white space scalable on demand. |
| FINANCIAL SUMMARY |
| The Group’s financial metrics compared to the prior six months ended 31 December 2023 are set out below: |
- Revenue increased by 6.16% due to extensive efforts and the onboarding of additional clients in our Data centre.
|
- The gross profit margin decreased from 56% to 54%.
|
- Operational expenses increased by 3.8% but should reduce in the remainder of the year.
|
- Earnings before interest, taxation, depreciation, and amortisation (EBITDA) of R4.02 million were achieved compared to R3,98 million in the comparative 6-month period/.
|
- Cash and cash equivalents decreased due to large repayments in finance agreements and continued investment in operating equipment.
|
- The net asset value has increased from 65.42 cents per share to 65.55 cents per share, and the tangible net asset value from 24.75 cents per share to 24.90 cents per share.
|
- Headline earnings per share decreased from 0.61 cents per share to 0.35 cents per share.
|
- Property, plant and equipment increased by R2.3 million compared with R1.8 million in the prior period. This was primarily financed through borrowings.
|
| SALIENT FEATURES |
| Extracted from the interim condensed consolidated financial statements for the six months ended 31 December 2024 and dividend declaration number 66: |
| |
31 December
2024
Unaudited
R |
31 December
2023
Unaudited
R |
Percentage
change
% |
| Revenue |
31 836 062 |
29 985 955 |
6.16% |
| Operating profit |
4 021 900 |
3 982 011 |
1.00% |
| Earnings per share (cents) |
0.35 |
0.55 |
-36.36% |
| Headline earnings per share (cents) |
0.35 |
0.61 |
-42.62% |
| Dividends paid per ordinary share (cents) |
0.20 |
0.198 |
1.01% |
| Net asset value per share (cents) |
65.55 |
65.24 |
0.48 |
|
| Dividend Declaration |
| Notice is hereby given that a gross cash dividend (Number 66) of R0.001 (0.1 cents) per share has been declared and is payable to all shareholders recorded in the Company’s share register at the close of business on Thursday, 17 April 2025. |
| The dividend will be subject to the Dividends Withholding Tax introduced with effect from 1 April 2012. By the provisions of the Listings Requirements of the JSE Limited, the following additional information is disclosed: |
- The dividend has been declared out of retained earnings.
|
- The local Dividends Withholding Tax rate is 20%.
|
- The gross local dividend is R0.001 or 0.1 cent (one tenth of 1 cent) per share for shareholders exempt from Dividends Tax;
|
- The net local dividend is R0.0008 or 0.08 cents per share for shareholders liable for Dividends Tax.
|
- The Company has 57,482,830 ordinary shares in issue; and
|
- The Company’s income tax reference number is 9683/978/14/3.
|
| The following dates apply to the dividend: the last day to trade to be eligible for the dividend will be Monday, 14 April 2025. Shares will trade ex-dividend from Tuesday, 15 April 2025. The record date will be Thursday, 17 April 2025, and the dividend payment will be made on Tuesday, 22 April 2025. |
| Share certificates may not be dematerialised / re-materialised between Tuesday, 15 April 2025 and Thursday, 17 April 2025, both days inclusive. The certified register will be closed during these dates. Dividends in respect of certificated shareholders will be transferred electronically to shareholders’ bank accounts on the payment date. Following the discontinuation of cheque payments in South Africa from January 2022, all payments will only be made into a nominated bank account by electronic funds transfer. Shareholders who have not yet provided their bank account details to JSE Investor Services Proprietary Limited (“JIS”) are reminded to contact JIS at 086 154 6572 with their bank account details, into which the dividends can be paid electronically. |
| Short-Form Announcement |
| The short-form announcement is the responsibility of the Board of Directors of TeleMasters and is only an extract of the information contained in the unaudited condensed consolidated interim financial statements for the six months ended 31 December 2024. |
| This announcement does not contain complete details of the financial results. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement, which stakeholders are encouraged to review. The full announcement is available on the Company’s website (www.telemasters.co.za) and the JSE Website: |
| https://senspdf.jse.co.za/documents/2025/jse/isse/TLM/TLMIR24.pdf |
| Copies of the full announcement may be requested from the Company (cfo@masters.co.za) or inspected |
| at the registered office and/or the Designated Advisors’ office, at no charge, during office hours. |
| For the full document, click the link below: |
| Telemasters Holdings Limited |
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