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. 7 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Director Jennifer Konfortion 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 25
ABC Motors Company Limited, Annual General Meeting, Dec 16, 2025 ABC Motors Company Limited, Annual General Meeting, Dec 16, 2025, at 10:00 Arabian Standard Time. Location: registered office, abc centre, military road, port louis, Mauritius Announcement • Nov 15
ABC Motors Company Limited announces Annual dividend, payable on January 21, 2026 ABC Motors Company Limited announced Annual dividend of MUR 1.2000 per share payable on January 21, 2026, ex-date on December 02, 2025 and record date on December 04, 2025. Announcement • Nov 27
ABC Motors Company Limited, Annual General Meeting, Dec 17, 2024 ABC Motors Company Limited, Annual General Meeting, Dec 17, 2024, at 10:00 Arabian Standard Time. Location: registered office, abc centre, military road, port louis, Mauritius Reported Earnings • Nov 15
First quarter 2025 earnings released: EPS: MU₨0.27 (vs MU₨1.61 in 1Q 2024) First quarter 2025 results: EPS: MU₨0.27 (down from MU₨1.61 in 1Q 2024). Revenue: MU₨703.3m (up 5.9% from 1Q 2024). Net income: MU₨1.67m (down 83% from 1Q 2024). Profit margin: 0.2% (down from 1.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 07
Upcoming dividend of MU₨1.60 per share Eligible shareholders must have bought the stock before 14 October 2024. Payment date: 20 December 2024. Trailing yield: 1.5%. Lower than top quartile of Mauritian dividend payers (5.9%). Lower than average of industry peers (3.3%). Reported Earnings • Sep 29
Full year 2024 earnings released: EPS: MU₨7.85 (vs MU₨14.72 in FY 2023) Full year 2024 results: EPS: MU₨7.85 (down from MU₨14.72 in FY 2023). Revenue: MU₨2.75b (flat on FY 2023). Net income: MU₨48.5m (down 47% from FY 2023). Profit margin: 1.8% (down from 3.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Third quarter 2024 earnings released: EPS: MU₨3.56 (vs MU₨4.06 in 3Q 2023) Third quarter 2024 results: EPS: MU₨3.56 (down from MU₨4.06 in 3Q 2023). Revenue: MU₨680.6m (up 10.0% from 3Q 2023). Net income: MU₨22.0m (down 12% from 3Q 2023). Profit margin: 3.2% (down from 4.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Second quarter 2024 earnings released: EPS: MU₨1.00 (vs MU₨2.43 in 2Q 2023) Second quarter 2024 results: EPS: MU₨1.00 (down from MU₨2.43 in 2Q 2023). Revenue: MU₨595.1m (down 3.7% from 2Q 2023). Net income: MU₨6.17m (down 59% from 2Q 2023). Profit margin: 1.0% (down from 2.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Nov 26
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Market cap is less than US$100m (MU₨691.7m market cap, or US$15.7m). Announcement • Nov 22
ABC Motors Company Limited, Annual General Meeting, Dec 07, 2023 ABC Motors Company Limited, Annual General Meeting, Dec 07, 2023, at 09:30 Mauritius Standard Time. Location: Registered Office, ABC Centre, Military Road Port Louis Mauritius Agenda: To approve the minutes of proceedings of the last Annual Meeting held on 28 March 2023; to consider the Annual Report 2023 of the Company; to receive the report of BDO & Co., External Auditor of the Company; to adopt the audited financial statements of the Group and Company for the financial year ended 30 June 2023; to ratify the dividend of INR 1.60 per ordinary share declared by the Board of Directors on 14 November 2023 for the financial year ended 30 June 2023; to re-appoint as directors of the Company, to hold office until the conclusion of the next Annual Meeting of Shareholders, in accordance with Section 138 (6) of the Companies Act 2001, the following persons who have been nominated by the Board of Directors on the recommendation of the Nomination and Remuneration Committee; and to consider other issues. Upcoming Dividend • Nov 22
Upcoming dividend of MU₨1.60 per share at 1.1% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 20 December 2023. Trailing yield: 1.1%. Lower than top quartile of Mauritian dividend payers (5.9%). Lower than average of industry peers (4.6%). Reported Earnings • Sep 29
Full year 2023 earnings released: EPS: MU₨14.72 (vs MU₨8.63 in FY 2022) Full year 2023 results: EPS: MU₨14.72 (up from MU₨8.63 in FY 2022). Revenue: MU₨2.73b (up 22% from FY 2022). Net income: MU₨90.9m (up 71% from FY 2022). Profit margin: 3.3% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jun 17
New major risk - Revenue and earnings growth Earnings have declined by 7.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (MU₨716.4m market cap, or US$15.8m). Upcoming Dividend • Jan 09
Upcoming dividend of MU₨1.20 per share Eligible shareholders must have bought the stock before 16 January 2023. Payment date: 31 January 2023. Trailing yield: 1.0%. Lower than top quartile of Mauritian dividend payers (5.0%). Lower than average of industry peers (4.9%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Robert Chung Tung was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 15
Third quarter 2022 earnings released: EPS: MU₨1.25 (vs MU₨3.45 loss in 3Q 2021) Third quarter 2022 results: EPS: MU₨1.25 (up from MU₨3.45 loss in 3Q 2021). Revenue: MU₨593.8m (up 71% from 3Q 2021). Net income: MU₨7.72m (up MU₨29.0m from 3Q 2021). Profit margin: 1.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Robert Chung Tung was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨0.64 (down from MU₨1.84 in 2Q 2021). Revenue: MU₨475.3m (down 21% from 2Q 2021). Net income: MU₨3.98m (down 65% from 2Q 2021). Profit margin: 0.8% (down from 1.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Second quarter 2021 earnings released: EPS MU₨1.84 (vs MU₨1.58 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: MU₨601.5m (up 2.0% from 2Q 2020). Net income: MU₨11.4m (up 17% from 2Q 2020). Profit margin: 1.9% (up from 1.7% 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 89% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Dec 01
ABC Motors Company Limited, Annual General Meeting, Dec 23, 2020 ABC Motors Company Limited, Annual General Meeting, Dec 23, 2020, at 06:00 Coordinated Universal Time. Location: Registered Office, ABC Centre, Military Road, Port Louis Mauritius Agenda: To approve the minutes of proceedings of the last Annual Meeting held on 19 November 2019; To consider the Annual Report 2020 of the Company; To receive the report of BDO & Co., External Auditor of the Company; To adopt the audited financial statements of the Group and Company for the financial year ended 30 June 2020; to reappoint directors; To re-appoint BDO & Co. as External Auditor of the Company for the financial year ending 30 June 2021. 
