Conduit Capital Limited

Conduit Capital Limited

CND.JO
Conduit Capital LimitedZA flagJohannesburg Stock Exchange
4.00
ZAc
- -
- -
27.53MMarket Cap
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
Revenue per Share
1.37
1.46
1.57
3.48
1.45
- -
2.17
1.98
2.11
0.73
0.99
1.38
- -
Basic EPS, GAAP
0.08
0.08
0.11
0.14
0.4
- -
-0.1
-0.35
0.2
-0.93
-0.81
-0.21
- -
Free Cash Flow per Basic Share
0.05
0.11
0.09
0.04
-0.04
- -
-0.14
-0.24
-0.2
-0.18
-0.17
-0.02
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.16
0.24
0.35
0.49
1.5
- -
0.77
2.38
2.42
1.27
0.45
0.25
- -
Tangible Book Value per Share
0.76
0.84
0.85
0.98
1.38
- -
1.67
2.14
2.02
0.83
0.1
-0.1
- -
Basic Weighted Avg Shares
281
281
285
287
288
- -
314
398
636
702
705
690
- -
Sales/Revenue/Turnover
384
409
449
999
416
- -
679
787
1,343
511
699
952
1,104
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
4
4
3
1
- -
2
4
17
22
26
30
25
Net Income, GAAP
24
22
32
40
116
- -
-33
-140
127
-652
-569
-146
-319
Effective Tax Rate (%)
20.29
31.87
38.18
23.75
17.38
- -
- -
- -
36.68
- -
- -
- -
- -
Profit Margin (%)
6.14
5.48
7.17
3.96
27.99
- -
-4.84
-17.78
9.47
-127.64
-81.37
-15.32
-28.86
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
19
1
1
3
- -
- -
- -
- -
- -
58
53
49
46
Total Equity
260
283
288
328
431
449
562
946
1,407
746
175
17
-300
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
46.25
10.48
14.84
15.24
39.71
- -
- -
- -
10.23
- -
- -
- -
- -
Return on Common Equity (%)
58.71
39.27
38.22
33
40.81
- -
-12.74
-23.58
10.23
-53.64
-94.07
-58.94
- -

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-185.9%
-400.35%
-1,836.91%
Free Cash Flow
- -
-224.47%
-1,058.55%
Net Income, GAAP
- -
-154.35%
118.49%
Sales/Revenue/Turnover
- -
19.53%
15.97%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
699
2021
- -
- -
- -
- -
952
2022
- -
- -
- -
- -
1,104

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
-0.81
2021
- -
- -
- -
- -
-0.21
2022
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
- -
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Hao Chou Chih
Sector
Financial Services
Industry
Insurance - Diversified
Address
Building B Bryanston South Africa 2191
IPO Date
Jan 4, 2000
Business
Conduit Capital Limited is a South Africa-based investment holding company specializing in financial services, primarily operating through two core segments: Investments and Insurance. Its investment activities include public equity investments and private investments, while its insurance segment is focused on underwriting with a diversified portfolio. The company offers products and services through its subsidiaries in the Southern African insurance industry, providing a range of reinsurance services and asset management capabilities. Conduit Capital manages risk-adjusted capital and implements conservative investment strategies, with underwriting exposure across different geographic markets. The company’s core products and services encompass insurance underwriting, reinsurance solutions, public and private equity investments, fund management, and bespoke wealth management advisory. It delivers risk management solutions, capital deployment to catastrophe lines, and financial investment strategies tailored for institutions, corporations, family offices, and private clients. Conduit Capital’s operations include premium writing growth and managing a diverse book by line of business and geography, targeting markets primarily in Southern Africa and globally through its investment products. Recent major company changes include the disposal of non-core insurance assets such as CRIH and CLL for a cash purchase price of approximately R55 million, strategic restructuring to focus on value-creating core operations, and senior management appointments such as the addition of Georges Sudarskis as Chairperson and Meg Brown as Deputy CEO to lead growth strategy. In 2025, Conduit Capital reported strong financial discipline with gross premiums written increasing by nearly 25% in the prior year and affirmed credit ratings with a stable outlook from AM Best for its reinsurance subsidiary, supporting ongoing underwriting profitability despite market challenges such as exposure to California wildfires. Founded in 1998, Conduit Capital Limited is headquartered in South Africa and listed on the Johannesburg Stock Exchange under the ticker CND.JO. The company pursues a strategic vision to build a diversified insurance investment group complemented by a non-insurance portfolio with a strong value investment orientation, aiming to deliver sustainable shareholder value and growth in intrinsic value per share. Its subsidiaries operate independently within the group structure, maintaining focused business operations aligned with the group’s corporate framework. Overall, Conduit Capital Limited balances underwriting, investment management, and financial services with a disciplined approach to capital and risk to capitalize on opportunities across its core Southern African and global markets while executing recent strategic disposals and leadership enhancements to drive future growth.