Mantengu Limited

Mantengu Limited

JJSE:MTU
17.00
ZAC
-1.00
(-5.56%)
12.31BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
11.43
2.81
0.2
- -
- -
- -
- -
- -
0.03
0.7
1.55
1.28
- -
Basic EPS, GAAP
-107.97
6.7
-29.8
-1.1
-3.89
-8.68
-5.47
-1.58
8.08
-0.12
0.01
1.48
-1.02
- -
Free Cash Flow per Basic Share
-31.62
-6.64
-3.77
0.27
-2.97
-2.53
-0.02
-2.92
10.8
-0.37
-0.29
-0.45
-0.6
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.83
27.68
-6.72
-4.44
-8.33
-17.01
-22.48
-23.63
49.4
0.51
0.59
1.78
0.71
0.71
Tangible Book Value per Share
-82.08
4.29
-6.72
-4.44
-8.33
-17.01
-22.48
-23.63
49.4
0.26
0.36
1.37
0.51
0.51
Basic Weighted Avg Shares
1
1
1
1
1
1
1
1
1
141
157
205
308
310
Sales/Revenue/Turnover
- -
9
3
- -
- -
- -
- -
- -
- -
4
110
317
393
- -
Operating Margin (%)
- -
-170.77
-1,318.16
-594.65
- -
- -
- -
- -
- -
-476.58
22.65
9.59
-57.07
- -
Depreciation Expense
- -
1
10
- -
- -
- -
- -
- -
- -
- -
10
32
69
- -
Net Income, GAAP
-56
5
-28
-1
-4
-8
-5
-1
8
-17
1
303
-315
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
6.3
- -
- -
- -
- -
- -
Profit Margin (%)
- -
58.67
-1,059.52
-554.55
- -
- -
- -
- -
- -
-376.36
1.06
95.53
-80.15
- -
Working Capital
-39
-3
-3
-4
-8
-16
-21
-22
-67
-56
-70
-23
-283
-283
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
8
8
9
9
9
Total Equity
16
24
-6
-4
-8
-16
-21
-22
47
79
99
509
230
230
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
14.93
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
14.85
- -
- -
- -
- -
- -
Return on Common Equity (%)
-1,778.06
38.25
- -
- -
- -
- -
- -
- -
- -
-26.95
1.31
99.65
-85.26
- -

Capital Structure

ZAR

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
ST Debt
- -
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
9
8
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
286
318
324
Market Capitalization
177
191
123

Working Capital

ZAR

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
Total Current Assets
406
380
264
Cash, Cash Equivalents & STI
30
5
5
Accounts Receivable, Net
40
68
11
Inventories
316
306
217
Total Current Liabilities
429
557
547
Payables & Accruals
- -
- -
- -
ST Debt
- -
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.6%
28.64%
-54.76%
Free Cash Flow
961.88%
-177.22%
98.53%
Net Income, GAAP
2,484.29%
4,933.84%
-203.91%
Sales/Revenue/Turnover
- -
- -
23.86%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
110
2025
- -
- -
317
2026
- -
- -
393

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
1.48
2026
- -
- -
-1.02

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Magen Naidoo
Sector
Finance
Industry
Financial conglomerates
Address
Johannesburg South Africa
IPO Date
Jul 1, 1992
Business
Mantengu Limited is an investment holding company that specializes in the exploration, mining, processing, mining services, and energy sectors. The company operates across diversified commodity and industrial segments, offering products and services that include: chrome ore, lumpy chrome, and metallurgical-grade chrome concentrate produced from the Langpan mining and processing operations; platinum group metals (PGMs), comprising platinum, palladium, rhodium, ruthenium, iridium, and gold extracted from shallow mechanized underground reserves and tailings reprocessing; silicon carbide grains, powders, and crude crystalline materials manufactured for application in abrasive products, refractory linings, ceramics, and metallurgical additives; and specialized mining services, comprising heavy equipment procurement, earthmoving machinery leasing, fleet management, and materials handling solutions facilitated in collaboration with original equipment manufacturer partners. Mantengu distributes its mineral and industrial outputs to metallurgical smelters, foundries, industrial manufacturers, and global commodity traders across South Africa and international export markets. Founded in 1987 as Mine Restoration Investments Limited, the company is headquartered in Bryanston, Sandton, South Africa, and is listed on the Alternative Exchange of the Johannesburg Stock Exchange under the ticker symbol MTU. In recent developments, the company has undertaken major structural reorganizations and strategic expansions to transform into a diversified pan-African resource platform. In September 2025, the group rebranded from Mantengu Mining Limited to Mantengu Limited to reflect its broader mandate spanning beyond traditional mining into energy and manufacturing. Mantengu expanded its mining asset portfolio through the acquisition of the Blue Ridge Platinum mine and integrated concentrator facility, established an equipment supply partnership with Sany to enhance its mining services division, and entered negotiations for a reverse takeover involving Averi Finance assets to scale operations across oil, gas, and renewable energy sectors. Concurrently, the group initiated strategic portfolio rationalizations, including the planned divestment of its silicon carbide subsidiary, Sublime Technologies, and the disposal of an iron beneficiation plant to focus capital allocation on core high-margin resource assets.