Mustek declares dividend despite mixed financial results

Mustek Limited reported revenue of R7.2 bn for the year ended June 30, 2025, a decrease of 14.9% from the restated R8.4 bn in 2024. Despite the revenue decline, the company saw an improvement in its gross profit percentage, which rose to 13.3% from 12.2% in the prior year. Headline earnings per share increased by 8.3% to 72.73 cents (2024: 67.13 cents), while basic earnings per share surged by 92.2% to 71.71 cents (2024: 37.31 cents).

The company declared a final cash dividend of 13.75 cents per ordinary share, marking an 83.3% increase from the 7.5 cents in 2024. The net asset value per share also grew by 2.4% to 2,869.71 cents (2024: 2,801.15 cents). The prior year’s restatement pertained to agency revenue and related costs that were misclassified but had no impact on prior year profit.

The dividend, declared out of income reserves, will result in a net payment of 11.0 cents per share for non-tax-exempt shareholders, after a 20% South African dividend tax rate. The dividend payment date is scheduled for Monday, October 13, 2025.