Full Year 2025 Attacq Ltd Earnings Call Transcript

Sep 16, 2025 / 07:00 AM GMT

Release Date Price: R14.72 (-1.27%)

Transcript

Key Points

Positve

Attacq Ltd (JSE:ATT) reported a 25.6% growth in distributable income per share and a 26.1% increase in dividends, driven by strategic transactions and disciplined capital allocation.
The company's gearing is at a low 25%, and it achieved an A+ credit rating with a stable outlook, reflecting strong financial management.
Occupancy rates are stable at 91%, with a 100% rent collection rate, indicating effective property management and strong tenant relationships.
Net operating income grew by 14%, supported by the Mall of Africa acquisition and effective cost containment strategies.
The company has successfully implemented additional 3.3 megawatts of rooftop PV systems, enhancing its sustainability initiatives.

Negative

Despite stable occupancy, the logistics subsector has a lower occupancy rate of 86.4%, indicating potential challenges in this area.
The company faced a deal falling through for the Dis-Chem box, highlighting potential volatility in leasing agreements.
There are still some reversions in retail leases, indicating that not all categories and tenants are performing equally well.
The company has exited the rest of Africa market, which may limit its growth prospects outside South Africa.
Higher operating expenditures were noted, partly due to the implementation of a new ERP system and increased security costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ATTJ.J - Attacq Ltd
Full Year 2025 Attacq Ltd Earnings Call
Sep 16, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good everyone.

It's always so nice to have a full house here, at Waterfall, and to everyone online, good morning.

Thank you so much for joining us, once again. With our results presentation, I would particularly want to, also welcome our board members, and I would like to congratulate Ipele for sitting here as our incoming board chair.

Thank you so much for saying yes to the task. And we look forward in working with you. So congratulations.

Thank you very much. Hey?

No.

And then also, to Pierre, our outgoing chairperson, thank you so much for from day one, steering the ship with us through ups and downs, and also pushing us for excellence. So Pierre, a heartfelt, thank you so much for all

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