VUNANI LIMITED - Audited Condensed Consolidated Results For The Year Ended 28 February 2025 And Distribution Of Integrated Annual Rep

Audited Condensed Consolidated Results For The Year Ended 28 February 2025 And Distribution Of Integrated Annual Rep

VUNANI LIMITED
Incorporated in the Republic of South Africa
Registration number: 1997/020641/06
JSE code: VUN
ISIN: ZAE000163382
(Vunani" or "the company" or "the group")


AUDITED CONDENSED CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2025 AND
DISTRIBUTION OF INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING

- Revenue and insurance revenue up 4% to R692.9 million

- Results from operating activities down 66% to R20.7 million

- Loss per share decreased to 7.1 cents (2024: Earnings per share of 9.0 cents)

- Headline loss per share decreased to 2.8 cents (2024: Headline earnings per share of 7.4 cents)

- A final dividend declared for the year ended 28 February 2025 of 35.0 cents (2024: 9.0 cents)



Vunani's performance for the year ended 28 February 2025 was down in comparison to the prior year.
The group generated total comprehensive loss for the period of R3.4 million (2024: total
comprehensive income of R24.2 million), while total loss attributable to equity holders of the company
amounted to R11.5 million (2024: total profit attributable to equity holders of R14.4 million).

The group's reporting segments include fund management, asset administration, insurance,
investment banking (advisory services and institutional securities broking).

DIVIDEND DECLARED

Notice is hereby given that a gross ordinary dividend of 35.0 cents per share has been declared out of
income reserves on 20 June 2025 and are payable to ordinary shareholders in accordance with the
following timetable.

In terms of dividend tax effective since 1 April 2012, the following additional information is disclosed:

•     The local Dividends Withholding Tax rate is 20%
•     161 155 915 shares are in issue
•     The gross ordinary dividend is 35.00000 cents per share for shareholders exempt from paying
      Dividends Withholding Tax
•     The net ordinary dividend is 28.00000 cents per share for ordinary shareholders who are not
      exempt from Dividends Withholding Tax
•     Vunani Limited's tax reference number is 9841003032

Timetable                                                                                  2025

Declaration and finalisation date announcement                                   Friday, 20 June

Last day to trade cum dividend                                                   Tuesday, 8 July

Shares commence trading ex-dividend                                            Wednesday, 9 July

Record date                                                                      Friday, 11 July

Dividend payment date                                                            Monday, 14 July



No dematerialisation or rematerialisation of shares will be allowed for the period from Wednesday, 9
July 2025 to Friday, 11 July 2025, both dates inclusive.

Dividends are declared in the currency of the Republic of South Africa. The directors have confirmed
that the company will satisfy the liquidity and solvency requirements immediately after the payment
of the dividend.



AUDIT OPINION

The consolidated annual financial statements for the year ended 28 February 2025 have been audited
by BDO Inc., who expressed an unqualified audit opinion. The auditor's report together with the
accompanying consolidated annual financial statements which is available for inspection on the
Company's website at the following web link https://www.vunanilimited.co.za/investor-
relations/integrated-reports/ or from the issuers registered office.

This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full integrated annual report and does not contain full or complete details. The full
integrated annual report was published on 20 June 2025 and can be found on the company's website
at       https://www.vunanilimited.co.za/investor-relations/integrated-reports/          and         at
https://senspdf.jse.co.za/documents/2025/jse/isse/VUN/ye2025.pdf

Copies of the full integrated annual report may also be requested at the company's registered office,
or the office of the sponsor at no charge, during office hours.

Any investment decision should be based on the full integrated annual report published on the
company's website.



DISTRIBUTION OF NOTICE OF ANNUAL GENERAL MEETING

Shareholders are advised that the company's notice of annual general meeting will be distributed to
shareholders on Monday, 23 June 2025.

Notice is hereby given that the annual general meeting of shareholders of the company will be held
on Wednesday, 30 July 2025 at 12h00 and will be conducted entirely, and be accessible by
shareholders, through electronic communication to transact the business as stated in the notice of
annual general meeting forming part of the company's integrated annual report.
The integrated annual report will be made available on the company's website hosted at
www.vunanilimited.co.za.

The salient dates and times regarding the Annual General Meeting are set out below:

Issuer name                                                                                Vunani Limited
Type of instrument                                                                        Ordinary Shares
ISIN number                                                                                  ZAE000163382
JSE code                                                                                              VUN
Meeting type                                                                       Annual General Meeting
Meeting venue                                                                    Electronic participation
Record date for purposes of receiving the
Notice of Annual General Meeting                                                      Friday, 13 June 2025
Distribution of the Notice of Annual General
Meeting                                                                               Monday, 23 June 2025
Last day to trade                                                                    Tuesday, 15 July 2025

Record date for voting purposes                                                       Friday, 18 July 2025
Last day to lodge proxy forms                                                11:00 on Friday, 25 July 2025
Date and time of Annual General Meeting                                   12:00 on Wednesday, 30 July 2025
Publication of Annual General Meeting results
on SENS on or before                                                               Wednesday, 30 July 2025
Website link                                                                       www.vunanilimited.co.za



By order of the board
Ethan Dube and Tafadzwa Mika
CEO and CFO

20 June 2025




CORPORATE INFORMATION
Executive directors
E Dube (Chief Executive Officer)
T Mika (Chief Financial Officer)
BM Khoza
NM Anderson

Non-executive directors
LI Jacobs – independent chairman
NS Mazwi – independent
G Nzalo – independent
JR Macey – independent
S Mthethwa
M Golding


Company secretary
CIS Company Secretaries Proprietary Limited

Sponsor
Vunani Sponsors

Financial communications adviser
Singular Systems Proprietary Limited

Transfer secretaries
Singular Systems Proprietary Limited

Date: 20-06-2025 05:15:00
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