1. South Africa Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Brimstone Investment Corporation Limited Class N

Brimstone Investment Corporation Limited Class N

550.00
ZAC
0.00
(0.00%)
112.84BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.66
8.14
8.07
10.02
10.4
12.52
16.61
17.94
19.38
24.06
25.36
8.8
1.65
- -
Basic EPS, GAAP
1.7
0.95
-2.56
0.64
0.17
-0.29
-0.32
-0.7
2.81
0.74
1.13
-0.79
0.18
- -
Free Cash Flow per Basic Share
0.24
-0.16
-0.54
0.28
-0.62
-0.91
0.22
1.55
1.54
0.95
-0.02
-2.55
-0.09
- -
Dividend per Share
0.23
0.63
0.55
0.49
0.4
0.4
0.66
0.28
0.28
0.3
0.33
0.4
0.4
- -
Book Value per Share
11.88
12.17
9.37
9.07
10.41
10.08
9.57
9.46
11.33
12.86
13.99
12.87
12.15
12.15
Tangible Book Value per Share
11.34
11.7
8.98
6.82
8.2
5.47
3.9
3.36
4.97
3.4
4.13
12.86
12.14
12.14
Basic Weighted Avg Shares
272
273
274
268
268
270
267
263
261
258
257
253
251
241
Sales/Revenue/Turnover
2,086
2,221
2,208
2,688
2,783
3,377
4,440
4,726
5,055
6,213
6,529
2,227
414
- -
Operating Margin (%)
3.09
4.59
8.41
17.09
13.45
5.12
9.58
12.9
13.75
8.2
6.97
2.83
6.73
- -
Depreciation Expense
85
94
104
128
115
128
200
239
11
12
9
4
1
- -
Net Income, GAAP
464
259
-699
171
46
-79
-86
-185
732
190
291
-200
44
- -
Effective Tax Rate (%)
14.67
9.37
- -
30.4
43.94
- -
58.51
91.62
21.25
27.31
15.58
- -
- -
- -
Profit Margin (%)
22.24
11.66
-31.65
6.35
1.65
-2.32
-1.93
-3.9
14.48
3.06
4.46
-9
10.64
- -
Working Capital
85
957
18
691
542
579
402
887
1,474
1,073
1,378
100
102
102
LT Debt
937
2,040
2,624
2,783
2,671
3,616
4,072
3,579
4,087
4,429
4,653
1,689
1,245
1,245
Total Equity
3,372
3,434
2,627
2,602
3,562
3,867
3,677
3,757
4,391
4,803
5,104
3,291
3,102
3,102
Return on Invested Capital (%)
1.26
1.8
- -
5.66
3.24
- -
3.13
0.59
6.48
4.05
3.87
- -
- -
- -
Return on Capital (%)
11.15
5.41
- -
3.44
-0.01
- -
-1.22
-3.44
7.14
1.71
3.67
- -
- -
- -
Return on Common Equity (%)
15.34
7.89
-23.88
6.89
1.76
-2.86
-3.28
-7.37
27.03
6.08
8.44
-5.88
1.4
- -

Capital Structure

ZAR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
89
161
9
LT Borrowings
1,675
1,686
1,235
LT Finance Leases
14
13
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
252
251
251
Market Capitalization
1,268
1,148
1,128

Working Capital

ZAR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
332
231
250
Cash, Cash Equivalents & STI
127
108
123
Accounts Receivable, Net
51
62
48
Inventories
72
58
67
Total Current Liabilities
232
277
147
Payables & Accruals
- -
- -
- -
ST Debt
89
161
9
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.3%
-1.75%
-5.75%
Free Cash Flow
1,179.84%
2,350.09%
-96.41%
Net Income, GAAP
-115.2%
-161.62%
-121.97%
Sales/Revenue/Turnover
-2.78%
-22.47%
-81.42%
Total Cash Common Dividend
0.8%
6.61%
-0.54%

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
6,529
2024
- -
- -
2,227
2025
- -
- -
414

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.13
2024
- -
- -
-0.79
2025
- -
- -
0.18

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.33
2024
- -
- -
0.4
2025
- -
- -
0.4

Company Description

Company Profile APIChatGPT
CEO
Mustaq Ahmed Enus-Brey
Full Time Employees
4,000
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Boundary Terraces, Slade House Newlands South Africa 7700
IPO Date
Aug 22, 2001
Website
brimstone.co.za
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Business
Brimstone Investment Corporation Limited (JSE: BRN) is a black-controlled and managed investment holding company that invests in wealth-creating businesses across food, healthcare, financial services, property, and enterprise development sectors, primarily in South Africa with operations extending to Australia, Europe, and internationally. The company holds significant stakes in key portfolio businesses, including Sea Harvest, a leading seafood processor involved in catching, processing, procuring, marketing, and distributing canned fish, fishmeal, fish oil, horse mackerel, hake, lobster, squid, Cape hake, sole, monkfish, kingklip, and other deep-sea species into frozen and chilled products; Oceana Group, which benefits from Brimstone's longstanding involvement including the Lucky Star canned fish brand; Woodlands Dairy; Lion of Africa Insurance offering reinsurance and retrocession intermediary services; healthcare solutions for private and public sectors; equity growth capital services to small and medium-sized enterprises; property funds managing retail convenience sector portfolios; franchised fast-food retail outlets; and ice cream manufacturing. Incorporated in 1995 and headquartered in Cape Town, South Africa, Brimstone employs over 5,400 people in subsidiaries and more than 33,000 across associates and investments, positioning it as a credible broad-based black economic empowerment (B-BBEE) partner focused on sustainable value creation through strategic alliances, capital deployment, and management expertise. In a recent strategic move announced on December 4, 2025, Brimstone disposes of 11.95 million shares (9.2% stake) in Oceana Group to Marine Edge Capital, a 51% B-BBEE-owned consortium, for R633.4 million at R53.00 per share, retaining a 16.0% holding; proceeds support debt reduction amid ongoing efforts in cost management and share repurchases following a board strategic review. The company maintains a long-term investment horizon in preferred sectors while pursuing value-enhancing opportunities, supported by a deleveraged balance sheet and consistent shareholder distributions.