Slide 1: Results for the year ended 30 June 2025
Results for the year ended 30 June 2025 Date: 19 September 2025 Time: 10:00 1
Slide 2: Group Overview
Group Overview Who are we Our mission The Mustek Group is a seamless technology solutions provider. Established in 1987 and listed Our mission is centered on the JSE in 1997, the Group on anticipating material has evolved from its distribution stakeholder needs for and assembly-focus into an long-te
Slide 3: Group Structure
Group Structure Results of the year ended 30 June 2025 3
Slide 4: Group Salient Features
GROUP SALIENT FEATURES REVENUE EBITDA HEPS down down up R7,2bn 15% R249m 29% 72 cents 7% NAV CASH DPS per share generated from OPS up up from up R28,70 2% R687m R61m 13,75 cents 87% 4 Results of the year ended 30 June 2025
Slide 5: Financial Summary
Financial Summary FY21 FY22 FY23 FY24 FY25 Revenue (R billion) 8.0 8.9 10.1 8.4 7,2 Gross Profit (R million) 1 188 1 273 1 411 1 032 958 GP margin (%) 14.9% 14.3% 13.9% 12.2% 13.3% EBITDA (R million) 516 456 509 349 249 Net Profit (R million) 296 225 220 21 40 HEPS (cents) 442 357 375 67 73 NAV/Shar
Slide 6: Revenue
Revenue R (billion) • Economic and industry pressures 10,1 8,9 • Risk management 8,0 8,4 pursuing more 7,2 profitable deals • Public sector bottlenecks • Sustainable energy continued pullback Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 6 Results of the year ended 30 June 2025
Slide 7: Gross profit margin
Gross profit margin GP % • Product mix • Traditional distribution business 14,9% margin 14,3% 13,9% improvement 13,3% 12,2% • Sustainable energy decline Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 7 Results of the year ended 30 June 2025
Slide 8: EBITDA
EBITDA R(million) 600,00 6% 7% • Pre-covid 6% stabilization 500,00 5% 5% 5% • Cost containment 400,00 4% 4% 4% efforts 3% 4% 300,00 3% 200,00 2% 100,00 1% 243 247 516 455 509 349 249 - 0% June-19 June-20 June-21 June-22 June-23 June-24 June-25 8 Results of the year ended 30 June 2025
Slide 9: Net Financing Cost vs Average Interest Rates
NET FINANCING COST VS AVERAGE INTEREST RATES 250,00 14% 11,8% 11,3% 10,2% 12% 200,00 10% 7,0% 7,4% 150,00 8% 5,3% 4,8% 6% 3,8% 100,00 4% 0,1% 0,2% 2% 50,00 0% 70 70 151 206 139 - -2% Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Net finance cost Average prime rate SOFR* Results of the year ended 30 June 2025 9
Slide 10: HEPS
HEPS cents • No significant 442 HEPS adjustments 375 357 67 73 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 10 Results of the year ended 30 June 2025
Slide 11: Dividend per share
Dividend per share cents • Dividend payout 90 ratio maintained 76 77 14 8 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 11 Results of the year ended 30 June 2025
Slide 12: NAV and TNAV per share
NAV and TNAV per share 2 801 2 870 2 724 2 395 2 446 2 453 2 250 2 046 1 826 1 546 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 NAV per share (cents) Tangible NAV per share (cents) Results of the year ended 30 June 2025 12
Slide 13: Inventory
Inventory 3 120,00 102 101 104 95 • Significant 3 100,00 improvement in 2 68 80,00 stock levels 2 60,00 • Still room for 2,4 further 1 2,1 2,1 40,00 improvement 1,6 1,3 1 20,00 - - Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 On hand In transit Inventory days (excl GIT) 13 Results of the year ended 30 June 20
Slide 14: Trade receivable days
Trade receivable days • Push for extended 66 62 terms by 56 customers 52 • Post year end 49 receipts from long overdue debtors Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 14 Results of the year ended 30 June 2025
Slide 15: Cash generated from operations
Cash generated from operations • Focus on reducing 687 working capital • Cash release from 431 inventory and 303 receivables 198 • Repayment of 61 trade facilities Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 15 Results of the year ended 30 June 2025
Slide 16: Strategic Priorities
Strategic Priorities • Preserve and grow profitability from core IT distribution business • Expansion of the Group’s services segment to complement current Group offerings • Optimise capital allocation across the Group Results of the year ended 30 June 2025 16
Slide 17: Opportunities
Opportunities Artificial ICT Skills Intelligence shortage Cloud & software solutions Drone Cybersecurity Technology Results of the year ended 30 June 2025 17
Slide 18: Thank You
Thank You Hein Engelbrecht Group CEO Heine@mustek.co.za Shabana Aboo Baker Ebrahim Group FD ShabanaA@mustek.co.za 18 Results of the year ended 30 June 2025