Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Aruna Lata Radhakeesoon Collendavelloo was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 19
The United Basalt Products Limited, Annual General Meeting, Dec 11, 2025 The United Basalt Products Limited, Annual General Meeting, Dec 11, 2025, at 10:30 Arabian Standard Time. Location: registered office of the company, trianon, quatre bornes, Mauritius Announcement • Jul 02
The United Basalt Products Limited announces Annual dividend, payable on September 30, 2025 The United Basalt Products Limited announced Annual dividend of MUR 1.7500 per share payable on September 30, 2025, ex-date on July 15, 2025 and record date on July 17, 2025. Announcement • Nov 21
The United Basalt Products Limited, Annual General Meeting, Dec 13, 2024 The United Basalt Products Limited, Annual General Meeting, Dec 13, 2024, at 14:30 Arabian Standard Time. Location: registered office of the company, trianon, quatre bornes, Mauritius Reported Earnings • Sep 29
Full year 2024 earnings released: EPS: MU₨7.44 (vs MU₨5.04 in FY 2023) Full year 2024 results: EPS: MU₨7.44 (up from MU₨5.04 in FY 2023). Revenue: MU₨5.12b (up 9.3% from FY 2023). Net income: MU₨162.1m (up 21% from FY 2023). Profit margin: 3.2% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jul 04
Upcoming dividend of MU₨1.75 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 30 August 2024. The company last paid an ordinary dividend in September 2013. The average dividend yield among industry peers is 3.8%. Reported Earnings • May 12
Third quarter 2024 earnings released: MU₨1.98 loss per share (vs MU₨2.65 loss in 3Q 2023) Third quarter 2024 results: MU₨1.98 loss per share (improved from MU₨2.65 loss in 3Q 2023). Revenue: MU₨1.11b (up 10% from 3Q 2023). Net loss: MU₨52.6m (loss narrowed 25% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 14% per year. Reported Earnings • Feb 13
Second quarter 2024 earnings released: EPS: MU₨1.89 (vs MU₨3.90 in 2Q 2023) Second quarter 2024 results: EPS: MU₨1.89 (down from MU₨3.90 in 2Q 2023). Revenue: MU₨1.39b (up 4.8% from 2Q 2023). Net income: MU₨50.1m (down 52% from 2Q 2023). Profit margin: 3.6% (down from 7.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Nov 25
The United Basalt Products Limited, Annual General Meeting, Dec 15, 2023 The United Basalt Products Limited, Annual General Meeting, Dec 15, 2023, at 14:00 Mauritius Standard Time. Agenda: To consider the Annual Report 2023 of the Company; to receive the report of Messrs. Deloitte Mauritius, the Auditors of the Company, for the year ended June 30, 2023; to consider and adopt the Company's and the Group's Audited Financial Statements for the year ended June 30, 2023; to elect as Director of the Company, Mr Thierry Lagesse, aged 70, who offers himself for re-election upon recommendation from the Corporate Governance Committee, to hold office, until the next Annual Meeting, in accordance with Section 138(6) of the Companies Act 2001; to fix the remuneration of the Non-Executive Directors of the Company for the year ending June 30, 2024 and to ratify the fees paid to the Directors for the year ended June 30, 2023; to elect as Directors of the Company; and to consider other matters. Reported Earnings • Nov 14
First quarter 2024 earnings released: EPS: MU₨1.59 (vs MU₨0.05 loss in 1Q 2023) First quarter 2024 results: EPS: MU₨1.59 (up from MU₨0.05 loss in 1Q 2023). Revenue: MU₨1.28b (up 12% from 1Q 2023). Net income: MU₨42.2m (up MU₨43.6m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 29
Full year 2023 earnings released: EPS: MU₨5.04 (vs MU₨1.82 loss in FY 2022) Full year 2023 results: EPS: MU₨5.04 (up from MU₨1.82 loss in FY 2022). Revenue: MU₨4.68b (up 17% from FY 2022). Net income: MU₨133.7m (up MU₨181.8m from FY 2022). Profit margin: 2.9% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 13
Second quarter 2023 earnings released: EPS: MU₨3.68 (vs MU₨2.58 in 2Q 2022) Second quarter 2023 results: EPS: MU₨3.68 (up from MU₨2.58 in 2Q 2022). Revenue: MU₨1.32b (up 18% from 2Q 2022). Net income: MU₨103.3m (up 52% from 2Q 2022). Profit margin: 7.8% (up from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Nov 22
The United Basalt Products Limited, Annual General Meeting, Dec 14, 2022 The United Basalt Products Limited, Annual General Meeting, Dec 14, 2022. Location: office of the Company, Trianon Quatre Bornes Trianon Mauritius Agenda: To consider the Annual Report 2022 of the Company; to receive the report of Messrs. Deloitte Mauritius, the Auditors of the Company, for the year ended June 30, 2022; to consider and adopt the Company's and the Group's Audited Financial Statements for the year ended June 30, 2022; to elect as Director of the Company, Mr. François Boullé, aged above 70, who offers himself for re-election upon recommendation from the Corporate Governance Committee, to hold office, until August 31, 2023, in accordance with Section 138(6) of the Companies Act 2001; and to elect as Director of the Company, Mr. Jean-Claude Béga, appointed by the Board of Directors in accordance with Clause 23.5(a) of the Company's Constitution, who offers himself for election upon recommendation from the Corporate Governance Committee, to hold office until the next Annual Meeting. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non Executive Director Stephane Brossard was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
First quarter 2023 earnings released: MU₨0.27 loss per share (vs MU₨2.44 profit in 1Q 2022) First quarter 2023 results: MU₨0.27 loss per share (down from MU₨2.44 profit in 1Q 2022). Revenue: MU₨1.14b (up 22% from 1Q 2022). Net loss: MU₨1.34m (down 102% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 29
Full year 2022 earnings released: MU₨2.55 loss per share (vs MU₨7.40 profit in FY 2021) Full year 2022 results: MU₨2.55 loss per share (down from MU₨7.40 profit in FY 2021). Revenue: MU₨3.99b (up 22% from FY 2021). Net loss: MU₨48.2m (down 120% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jul 03
The United Basalt Products Limited Announces Executive Changes The Board of Directors of The United Basalt Products Limited hereby informs the shareholders of the Company and the public in general that it has elected Mr. Jean-Claude Béga to act as Chairperson with effect from July 1, 2022, upon recommendation of the Corporate Governance Committee, further to the decision of Mr. Marc Freismuth to resign as Chairperson and director of the Company on June 30, 2022. The Board of the Company would like to express its gratitude to Mr. Marc Freismuth for his valuable contribution to the Board since 2006. Announcement • Jun 25
The United Basalt Products Limited (MUSE : UBP.N0000) agreed to acquire J. Anzemberg and ALD ANZEMBERG LOGISTIQUE and Prefabeton and SORECO and SIGEMAT and Incudine. The United Basalt Products Limited (MUSE : UBP.N0000) agreed to acquire J. Anzemberg and ALD ANZEMBERG LOGISTIQUE and Prefabeton and SORECO and SIGEMAT and Incudine on June 23, 2022. The Transaction will enable the UBP group to expand its principal activities within the Indian Ocean, and with the mutual sharing of know-how, enhance the quality of its products and customer satisfaction. The Transaction is subject to the satisfactory completion of conditions precedent, the obtention of all regulatory, corporate and any other approvals required by the parties. Board of The United Basalt Products Limited has approved the execution of an exclusivity agreement to acquire these companies in Reunion Island, which operate in the same line of business as the Company. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non Executive Director Stephane Brossard was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨2.58 (down from MU₨3.03 in 2Q 2021). Revenue: MU₨1.12b (up 17% from 2Q 2021). Net income: MU₨68.2m (down 15% from 2Q 2021). Profit margin: 6.1% (down from 8.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
First quarter 2022 earnings released: EPS MU₨2.43 (vs MU₨3.55 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: MU₨930.7m (up 1.1% from 1Q 2021). Net income: MU₨64.7m (down 31% from 1Q 2021). Profit margin: 7.0% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • May 21
Upcoming dividend of MU₨3.00 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 16 June 2021. Trailing yield: 2.1%. Lower than top quartile of Mauritian dividend payers (4.3%). Lower than average of industry peers (5.0%). Reported Earnings • Feb 11
Second quarter 2021 earnings released: EPS MU₨3.06 (vs MU₨2.34 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: MU₨974.4m (up 3.9% from 2Q 2020). Net income: MU₨81.1m (up 31% from 2Q 2020). Profit margin: 8.3% (up from 6.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 27
New 90-day high: MU₨125 The company is up 10.0% from its price of MU₨114 on 29 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 46% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: MU₨121 The company is up 2.0% from its price of MU₨119 on 14 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 44% over the same period. Announcement • Nov 27
The United Basalt Products Limited, Annual General Meeting, Dec 18, 2020 The United Basalt Products Limited, Annual General Meeting, Dec 18, 2020, at 09:30 Coordinated Universal Time. Location: Trianon Quatre Bornes Mauritius Agenda: To consider the annual report 2020 of the company; to receive the report of Messrs. Deloitte Mauritius, the Auditors of the Company, for the year ended June 30, 2020; to consider and adopt the Company's and the Group's Audited Financial Statements for the year ended June 30, 2020; to consider election and re-election of directors; and to take note of the re-appointment of Messrs. Deloitte Mauritius as Auditors of the Company for the year ending June 30, 2021, in accordance with Section 200 of the Companies Act 2001, and to authorize the Board of Directors to fix their remuneration. Is New 90 Day High Low • Oct 15
New 90-day low: MU₨118 The company is down 9.0% from its price of MU₨130 on 17 July 2020. The Mauritian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 7.0% over the same period. 
