Nictus Limited Reports 67% Surge in EPS, Declares 20% Dividend Increase

  • Nictus Limited's FY 2024 saw a 27.82% increase in total assets, reaching R621.7 million.
  • Despite a 5.10% revenue decline, earnings per share grew by 66.02% to 20.47 cents.
  • The company declared a 20% dividend hike, with 6.00 cents per share for FY 2024.

Nictus

Nictus Limited, a South African company listed on the JSE under the ticker symbol NCS, has released its audited consolidated annual financial statements for the year ended 31 March 2024.

Key Financial Highlights

  • Group total assets surged by 27.82% to R621.7 million compared to R486.4 million in 2023.
  • Despite a 5.10% decline, total revenue stood at R35.2 million, down from R37.0 million in the previous year.
  • Headline earnings per share (HEPS) saw a remarkable increase of 67.43%, reaching 20.46 cents from 12.22 cents in 2023.
  • Earnings per share (EPS) also grew by 66.02% to 20.47 cents compared to 12.33 cents in the prior year.
  • The group’s profit for the year escalated by 65.99% to R10.9 million, up from R6.6 million in 2023.
  • The declared dividend per share rose by 20.00% to 6.00 cents, compared to 5.00 cents in the previous year.

Financial Performance Analysis

Nictus Limited showed robust financial growth in FY 2024, marked by substantial increases in earnings metrics despite a slight revenue decline.

Restatement and Adoption of IFRS 17

Comparative information was restated due to the initial adoption of IFRS 17, providing clearer insights into the financial data.

Dividend Announcement

A final dividend announcement, detailing the 6.00 cents per share declared for FY 2024, will be published separately on SENS today.

Conclusion

Nictus Limited’s FY 2024 financial results underscore strong earnings growth and strategic dividend increases, reflecting resilience amid economic challenges.


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