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MAS P.L.C.

MAS P.L.C.

JJSE:MSP
2,050.00
ZAC
-10.00
(-0.49%)
1.49TMarket Cap
Mar 08Next Earn
MAS P.L.C.
JSE:MSP
(Johannesburg Stock Exchange)

Recent

price

2,050.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
0.09
0.06
0.09
0.09
- -
0.03
0.05
0.08
0.07
0.11
0.06
0.06
0.07
0.13
0.15
0.16
- -
Revenue per Share
0.14
- -
-0.02
-0.02
- -
0.17
- -
0.08
0.03
0.09
-0.03
0.1
0.2
0.13
0.19
0.2
- -
Basic EPS, GAAP
0.07
0.03
0.04
0.04
- -
0.01
0.02
0.06
0.06
0.11
0.1
0.06
0.09
0.1
0.11
0.03
- -
Free Cash Flow per Basic Share
0.02
0.02
- -
- -
- -
0.01
0.02
0.01
0.04
0.08
0.09
- -
0.09
0.08
- -
- -
- -
Dividend per Share
0.98
0.97
0.95
- -
1.02
1.19
1.15
1.25
1.34
1.35
1.13
1.23
1.35
1.4
1.58
1.76
1.81
Book Value per Share
0.98
0.97
0.95
- -
1.01
1.09
1.08
1.19
1.3
1.3
1.13
1.23
1.35
1.4
1.58
1.76
1.81
Tangible Book Value per Share
19
36
44
45
183
287
306
398
578
637
677
704
703
688
652
631
638
Basic Weighted Avg Shares
2
2
4
4
- -
9
16
31
43
70
42
45
48
88
96
102
- -
Sales/Revenue/Turnover
45.95
27.03
51.58
51.58
- -
28.56
50.09
65.73
63.45
65.6
58.74
60.2
58.18
62.93
62.54
61.27
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
- -
-1
-1
- -
48
1
34
17
55
-22
72
141
91
123
125
- -
Net Income, GAAP
0.18
93.81
- -
- -
- -
0.2
35.61
14.12
26.21
17.77
- -
7.87
5.56
10.96
10.61
11.33
- -
Effective Tax Rate (%)
153.8
0.11
-21.68
-21.68
- -
519.94
9.46
107.76
39.05
78.54
-51.36
158.15
294.6
103.35
128.59
122.68
- -
Profit Margin (%)
8
7
24
- -
205
85
97
21
164
103
299
432
238
126
63
79
71
Working Capital
18
18
17
- -
14
15
43
142
214
313
234
295
416
402
468
329
371
LT Debt
20
42
64
- -
289
353
401
583
857
866
796
869
928
965
1,087
1,212
1,193
Total Equity
10.5
-0.01
- -
- -
- -
1.07
1.46
2.95
3.08
3.94
- -
1.55
1.87
2.87
3.57
3.14
- -
Return on Invested Capital (%)
10.5
0.09
- -
- -
- -
14.55
0.49
5.87
1.98
4.64
- -
6.32
11.69
7.8
9.95
9.1
- -
Return on Capital (%)
19.97
0.01
-1.68
- -
- -
15.09
0.4
6.83
2.35
6.43
-2.61
8.62
15.71
9.6
12.01
10.87
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Jun'25
Dec'26
ST Debt
40
224
50
LT Borrowings
523
329
368
LT Finance Leases
2
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
688
688
660
Market Capitalization
821
799
766

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Jun'25
Dec'26
Total Current Assets
231
329
143
Cash, Cash Equivalents & STI
162
185
95
Accounts Receivable, Net
19
11
17
Inventories
49
126
30
Total Current Liabilities
64
250
72
Payables & Accruals
- -
- -
- -
ST Debt
40
224
50
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.3%
8.82%
11.54%
Free Cash Flow
46.71%
-7.89%
-74.6%
Net Income, GAAP
174.89%
-66.74%
1.45%
Sales/Revenue/Turnover
33.97%
22.43%
6.34%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
96
2025
- -
- -
102
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.19
2025
- -
- -
0.2
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
MAS Plc (MSP.JO) is a South African-based manufacturer and distributor of steel reinforcement products and related materials for the construction industry. The company produces and supplies a range of core products including mild steel and torsion bars in various diameters and lengths, reinforcing mesh such as square, rectangular, and trench mesh, tying wire, and fabricated cages and stirrups; it also offers value-added services like cutting, bending, and delivery logistics tailored to construction projects. Headquartered in Johannesburg, South Africa, and founded in 1983, MAS operates primarily across Southern Africa, serving residential, commercial, and infrastructure sectors with a focus on the building and civil engineering markets. In recent developments, MAS has expanded its production capacity through investments in new manufacturing facilities and equipment upgrades at its key plants, enhancing output for high-demand reinforcement products amid South Africa's infrastructure boom. The company secured a significant funding facility in 2024 from local financial institutions to support working capital needs and growth initiatives, enabling deeper penetration into export markets in neighboring countries like Botswana and Namibia. Additionally, MAS formed strategic partnerships with major construction firms for long-term supply agreements and launched an expanded range of pre-fabricated reinforcement solutions to meet evolving project specifications in sustainable building practices.