ANNUAL FINANCIAL STATEMENTS 2024

for the year ended 30 September 2024

11 Calculation of weighted average number of shares and headline earnings per share
    GROUP
  (R'million) 2024 2023
11.1 Weighted average number of shares in issue 155 921 889 156 390 363
  – Opening balance of number of ordinary shares 170 001 222 170 001 222
  – Weighted number of shares held for BEE deal (13 552 036) (13 610 859)
  – Weighted number of ordinary shares repurchased (527 297)
11.2 Diluted weighted average number of shares in issue 158 073 761 158 661 854
  – Weighted average number of shares in issue – per 11.1 above 155 921 889 156 390 363
  – Dilutive number of shares 2 151 872 2 271 491
11.3 Headline earnings (R’million) 2 822,0 2 712,8
  – Continuing operations 2 719,8 2 712,8
  – Discontinued operation 102,2
11.4 Headline earnings per share    
  Headline earnings per ordinary share (cents) 1 809,5 1 734,7
  – Continuing operations 1 744,0 1 734,7
  – Discontinued operation 65,5
  Diluted headline earnings per ordinary share (cents) 1 785,4 1 709,8
  – Continuing operations 1 720,7 1 709,8
  – Discontinued operation 64,7

11.5

Reconciliation between profit for the year and headline earnings

(R’million) Gross Taxation Non-
controlling
interest
Net
2024        
Continuing operations        
Profit attributable to shareholders of the parent       2 926,3
Adjusted for:        
Impairment of property, plant and equipment 26,8 (7,2) 19,6
Loss on disposal of plant, equipment and vehicles 14,6 (4,0) 10,6
Profit on sale of Status brand (127,5) (127,5)
Profit on sale of tail brands (121,0) 11,8 (109,2)
Headline earnings for the year – continuing operations (207,1) 0,6 2 719,8
Discontinued operation        
Headline earnings for the year – discontinued operation       102,2
2023        
Profit attributable to shareholders of the parent       2 697,2
Adjusted for:        
Impairment of property, plant and equipment 50,9 (13,7) 37,2
Profit on disposal of property, plant and equipment (24,2) 2,6 (21,6)
Headline earnings for the year 26,7 (11,1) 2 712,8