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  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
Brimstone Investment Corporation Limited Class N
JSE:BRT
(Johannesburg Stock Exchange)

Recent

price

550.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
6.7
6.87
7.16
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
- -
Revenue per Share
1.53
1.66
3.12
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
- -
Basic EPS, GAAP
-0.58
-0.16
0.69
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
- -
Free Cash Flow per Basic Share
0.3
0.18
0.16
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
- -
Dividend per Share
5.78
7.35
10.34
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
Book Value per Share
5.09
6.73
9.74
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
Tangible Book Value per Share
268
272
272
272
273
274
268
268
270
267
263
261
258
257
253
251
241
Basic Weighted Avg Shares
1,797
1,868
1,946
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
- -
Sales/Revenue/Turnover
17.49
7.1
6.73
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
- -
Operating Margin (%)
76
84
90
85
94
104
128
115
128
200
239
11
12
9
4
1
- -
Depreciation Expense
411
451
849
464
259
-699
171
46
-79
-86
-185
732
190
291
-200
44
- -
Net Income, GAAP
- -
21.59
23.66
14.67
9.37
- -
30.4
43.94
- -
58.51
91.62
21.25
27.31
15.58
- -
- -
- -
Effective Tax Rate (%)
22.89
24.13
43.64
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
- -
Profit Margin (%)
267
209
56
85
957
18
691
542
579
402
887
1,474
1,073
1,378
100
102
102
Working Capital
706
1,050
888
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
LT Debt
1,673
2,114
2,930
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
Total Equity
- -
3.58
2.69
1.26
1.8
- -
5.66
3.24
- -
3.13
0.59
6.48
4.05
3.87
- -
- -
- -
Return on Invested Capital (%)
- -
16.38
23.94
11.15
5.41
- -
3.44
-0.01
- -
-1.22
-3.44
7.14
1.71
3.67
- -
- -
- -
Return on Capital (%)
20.38
25.26
35.29
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
- -
Return on Common Equity (%)

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
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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.