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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Araxi

AXX · A2X Markets · Incorporated in South Africa · Consolidated statements

On this page
Company details
Legal name
Araxi Limited
Incorporated in
South Africa
Listing
AXX on the A2X Markets, active · ISIN ZAE000208245 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 March

Overview

Year ended 31 March 2026 · published summary of audited statements, final status not established · source

Read with these figures

  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY to 31 Mar 2026 figures come from it.
  • Issued under a former name. Former name: Capital Appreciation Limited.
Full wording and sources

  • Published summary of audited statements for 2026: final status not established

    Summary published by the issuer: 'On behalf of the Board' with the typeset names Michael Pimstein (Executive Chairman), Bradley Sacks (CEO) and Sjoerd Douwenga (CFO), Sandton, 9 June 2026, without signatures (PDF p19, page image). No auditor's report on the summary or on the underlying statements is printed; Deloitte & Touche is named only as auditor in the corporate information (p89). The booklet states that 'Neither the financial information in this annual results announcement and presentation nor any forward-looking statements recorded herein have been audited or reviewed by Araxi's external auditors' (p19).

    Source: Araxi Limited Summarised Audited Annual Financial Results for the year ended 31 March 2026 (dated 2026-06-09)

  • 2026, 2025: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'This booklet contains the financial results for the period 1 April 2025 to 31 March 2026 for Araxi Limited ... It should be read with the Group's Audited Annual Financial Statements and financial results presentation, both available at www.araxigroup.com.' (p3); headed 'Summarised audited annual financial results for the year ended 31 March 2026' (p1). No auditor's report on the summary is printed. The booklet is headed 'Summarised audited annual financial results' (pp1, 5) and says it 'should be read with the Group's Audited Annual Financial Statements ... available at www.araxigroup.com' (p3), but also states: 'Neither the financial information in this annual results announcement and presentation nor any forward-looking statements recorded herein have been audited or reviewed by Araxi's external auditors.' (p19). Auditor named in the corporate information: Deloitte & Touche (p89). Group statement of financial position (p21), statement of comprehensive income (p22), statement of cash flows (p23), statement of changes in equity (pp24-25), segment analysis (pp26-27) and notes on share capital, cash generated from operations, group information and earnings per share (pp28-32); no accounting policies or other notes; no total-liabilities line. Followed by the annual results presentation slides (pp35-87).

    Source: Araxi Limited Summarised Audited Annual Financial Results for the year ended 31 March 2026 (dated 2026-06-09)

  • Issued under a former name

    Former name: Capital Appreciation Limited. The booklet states 'The Group was previously known as Capital Appreciation Limited and changed its name to Araxi Limited in September 2025' (PDF p3) and prints 'Registration number 2014/253277/06', 'ISIN ZAE000208245', 'JSE share code AXX', 'A2X share code AXXJ' (PDF p89); the same registration number and ISIN appear on the Capital Appreciation Limited filings (identity resolution case 36, same_entity_name_change, editorial/identity-resolutions.json)

    Source: Araxi Limited Summarised Audited Annual Financial Results for the year ended 31 March 2026 (dated 2026-06-09)

  • Revenue

    ZAR 1.17 billion

    1,166,157 ZAR thousands · p22

    −6.8% vs 2025

  • Operating profit / (loss)

    ZAR 226 million

    226,417 ZAR thousands · p22

    −20.7% vs 2025

  • Profit / (loss) for the year

    ZAR 165 million

    165,299 ZAR thousands · p22

    −20.1% vs 2025

  • Total assets

    ZAR 1.83 billion

    1,828,165 ZAR thousands · p21

    −1.8% vs 2025

  • Total equity

    ZAR 1.54 billion

    1,541,197 ZAR thousands · p21

    +0.4% vs 2025

  • Cash from operations

    ZAR 47.5 million

    47,490 ZAR thousands · p23

    +6.0% vs 2025

Large amounts are rounded for reading (ZAR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZAR thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 31 Mar 2026 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY to 31 Mar 2025 — published summary of audited statements (summary), final status not established; comparative in the FY to 31 Mar 2026 filing · source
    • 2026, 2025: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'This booklet contains the financial results for the period 1 April 2025 to 31 March 2026 for Araxi Limited ... It should be read with the Group's Audited Annual Financial Statements and financial results presentation, both available at www.araxigroup.com.' (p3); headed 'Summarised audited annual financial results for the year ended 31 March 2026' (p1). No auditor's report on the summary is printed. The booklet is headed 'Summarised audited annual financial results' (pp1, 5) and says it 'should be read with the Group's Audited Annual Financial Statements ... available at www.araxigroup.com' (p3), but also states: 'Neither the financial information in this annual results announcement and presentation nor any forward-looking statements recorded herein have been audited or reviewed by Araxi's external auditors.' (p19). Auditor named in the corporate information: Deloitte & Touche (p89). Group statement of financial position (p21), statement of comprehensive income (p22), statement of cash flows (p23), statement of changes in equity (pp24-25), segment analysis (pp26-27) and notes on share capital, cash generated from operations, group information and earnings per share (pp28-32); no accounting policies or other notes; no total-liabilities line. Followed by the annual results presentation slides (pp35-87).

Income statement

Income statement, ZAR thousands. Columns: FY to 31 Mar 2026 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 2025 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2026.
Line (as printed) FY to 31 Mar 2026Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2025Published summary of audited statements (summary)comparative in FY to 31 Mar 2026 filingsource limitations
Revenue 1,166,157 1,250,733
Cost of sales (640,218) (636,016)
Gross profit 525,939 614,717
Other income 7,299 1,329
Other fair value gains1 34,308 36,701
Operating expenses (341,129) (367,374)
Operating profit before items noted below 226,417 285,373
Finance income 35,773 33,480
Finance costs (13,104) (16,733)
Finance costs: lease liabilities2 (3,086) (3,311)
Expected credit loss raised –3 (1,064)
Profit before taxation 246,000 297,745
Taxation (80,701) (90,840)
Profit after taxation 165,299 206,905
Foreign currency translation reserve adjustments 168 238
Total comprehensive income for the year 165,467 207,143
Non-controlling interest4 345 (159)
  1. Printed “–”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (3)
  1. “Other fair value gains” is an issuer-specific line, not mapped to a shared definition: Fair value gains (mainly on convertible loans), within operating profit.
  2. “Finance costs: lease liabilities” is an issuer-specific line, not mapped to a shared definition: Interest on lease liabilities, printed apart from other finance costs.
  3. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: The non-controlling interest's share of profit after taxation.

Balance sheet

Balance sheet, ZAR thousands. Columns: FY to 31 Mar 2026 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 2025 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2026.
Line (as printed) FY to 31 Mar 2026Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2025Published summary of audited statements (summary)comparative in FY to 31 Mar 2026 filingsource limitations
Property, plant and equipment 55,053 67,450
Intangible assets 122,566 122,603
Right-of-use assets 21,809 20,396
Goodwill1 840,252 840,252
Loans to associates and joint ventures2 9,658 9,811
Other financial assets3 2,252 41,336
Finance lease receivable4 53,819 44,359
Trade and other receivables5 9,959 13,101
Deferred tax assets 7,473 8,408
Non-current assets 1,122,841 1,167,716
Inventories 91,967 45,333
Trade and other receivables 138,597 193,000
Taxation receivable 7,507 9,447
Loans to associates and joint ventures6 60,495 35,157
Other financial assets7 65,902 –8
Finance lease receivable9 13,289 8,058
Cash and cash equivalents 327,567 402,312
Current assets 750,324 693,307
Total assets 1,828,165 1,861,023
Capital and reserves 1,539,264 1,533,376
Share capital 936,074 976,455
Share-based payment reserve10 32,387 20,519
Foreign currency translation reserve11 (647) (815)
Retained income 571,450 537,217
Non-controlling interest 1,933 1,588
Total equity 1,541,197 1,534,964
Contract liabilities12 2,531 6,920
Lease liability 18,615 18,540
Deferred tax liabilities 45,240 39,779
Non-current liabilities 66,386 65,239
Contingent consideration liability13 –14 23,828
Contract liabilities 15,640 10,900
Lease liability 9,201 7,957
Provision for share repurchase15 –14 32,331
Trade and other payables 118,756 94,326
Other financial liability16 70,282 71,892
Taxation payable 6,703 19,586
Current liabilities 220,582 260,820
Total equity and liabilities 1,828,165 1,861,023
  1. Printed “–”, read as nil: subtotal_arithmetic: bs.current_assets.
  2. Printed “–”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (14)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Non-current.
  2. “Loans to associates and joint ventures” is an issuer-specific line, not mapped to a shared definition: Within non-current assets.
  3. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Within non-current assets.
  4. “Finance lease receivable” is an issuer-specific line, not mapped to a shared definition: Within non-current assets.
  5. “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Within non-current assets.
  6. “Loans to associates and joint ventures” is an issuer-specific line, not mapped to a shared definition: Within current assets.
  7. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Within current assets.
  8. “Finance lease receivable” is an issuer-specific line, not mapped to a shared definition: Within current assets.
  9. “Share-based payment reserve” is an issuer-specific line, not mapped to a shared definition: Within capital and reserves.
  10. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Within capital and reserves.
  11. “Contract liabilities” is an issuer-specific line, not mapped to a shared definition: Within non-current liabilities.
  12. “Contingent consideration liability” is an issuer-specific line, not mapped to a shared definition: Current.
  13. “Provision for share repurchase” is an issuer-specific line, not mapped to a shared definition: Current.
  14. “Other financial liability” is an issuer-specific line, not mapped to a shared definition: Current.

Cash flow

Cash flow, ZAR thousands. Columns: FY to 31 Mar 2026 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 2025 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2026.
Line (as printed) FY to 31 Mar 2026Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2025Published summary of audited statements (summary)comparative in FY to 31 Mar 2026 filingsource limitations
Cash generated from operations 258,999 207,948
Finance income received 32,773 33,408
Finance costs paid1 (17,928) (8,006)
Dividends paid (138,165) (120,748)
Taxation received2 1,169 –3
Taxation paid (89,358) (67,794)
Net cash inflow from operating activities 47,490 44,808
Acquisition of property, plant and equipment (9,902) (18,461)
Proceeds on disposal of property, plant and equipment and intangible assets4 1,261 1,243
Capitalisation of intangible assets (23,751) (37,431)
Loans to associates and joint ventures5 (16,982) (10,667)
Repayment of loans to associates and joint ventures6 4,507 –7
Other financial assets loans granted8 (1,000) (5,000)
Net cash outflow from investing activities (45,867) (70,316)
Repayment of lease liability (8,067) (6,402)
Contingent consideration settlement9 (14,159) –10
Purchase of treasury shares11 (39,635) (41,867)
Proceeds from sale of treasury shares in settlement of vested share options12 9,614 6,963
Repayment of other financial liabilities13 (1,610) –10
Settlement of share repurchase liability14 (21,467) –10
Net cash outflow from financing activities (75,324) (41,306)
Net decrease in cash and cash equivalents (73,701) (66,814)
Cash and cash equivalents at beginning of year 402,312 468,151
Net foreign exchange difference (1,044) 975
Cash and cash equivalents at end of year 327,567 402,312
  1. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (11)
  1. “Finance costs paid” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  2. “Taxation received” is an issuer-specific line, not mapped to a shared definition: Operating activities; printed apart from taxation paid.
  3. “Proceeds on disposal of property, plant and equipment and intangible assets”: mapping to a shared definition is uncertain. Proceeds on disposal of property, plant and equipment and intangible assets together (label printed over two lines).
  4. “Loans to associates and joint ventures” is an issuer-specific line, not mapped to a shared definition: Investing activities: loans advanced.
  5. “Repayment of loans to associates and joint ventures” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  6. “Other financial assets loans granted” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  7. “Contingent consideration settlement” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  8. “Purchase of treasury shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  9. “Proceeds from sale of treasury shares in settlement of vested share options” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  10. “Repayment of other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  11. “Settlement of share repurchase liability” is an issuer-specific line, not mapped to a shared definition: Financing activities.

Per share and shares

Per share and shares. Columns: FY to 31 Mar 2026 — published summary of audited statements (final status not established), as reported for the year; FY to 31 Mar 2025 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2026.
Line (as printed) FY to 31 Mar 2026Published summary of audited statements (summary)reported for the yearFY to 31 Mar 2025Published summary of audited statements (summary)comparative in FY to 31 Mar 2026 filingsource limitations
Earnings / (loss) per share (per share)41 0.14382 0.17583
Profit / (loss) attributable to shareholders (ZAR thousands)5 164,954 207,064
  1. Printed as 14.38 cents; value converted to ZAR at 100 cents = 1 ZAR.
  2. Printed as 17.58 cents; value converted to ZAR at 100 cents = 1 ZAR.
Notes and alternative reported figures (3)
  1. “Basic earnings per share (cents)”: mapping to a shared definition is uncertain. Basic earnings per share; diluted is printed separately and differs (14.12; 2025: 16.80), recorded as an issuer concept.
  2. Earnings / (loss) per share: printed as “Basic earnings per share (cents)”.
  3. Profit / (loss) attributable to shareholders: printed as “Shareholders of the Company”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Mar 2026 Dividends paid (cash flow statement) Dividends paid (138,165) ZAR thousands Summary statements, p23
31 Mar 2025 Dividends paid (cash flow statement) Dividends paid (120,748) ZAR thousands Summary statements, p23

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Araxi Limited Summarised Audited Annual Financial Results for the year ended 31 March 2026

    Year ended 31 March 2026 · Published summary of audited statements (summary) · final status not established

    Audit: Deloitte & Touche (named in corporate information, p89) (named); no auditor's opinion on the full statements in this document

    Final status: Summary published by the issuer: 'On behalf of the Board' with the typeset names Michael Pimstein (Executive Chairman), Bradley Sacks (CEO) and Sjoerd Douwenga (CFO), Sandton, 9 June 2026, without signatures (PDF p19, page image). No auditor's report on the summary or on the underlying statements is printed; Deloitte & Touche is named only as auditor in the corporate information (p89). The booklet states that 'Neither the financial information in this annual results announcement and presentation nor any forward-looking statements recorded herein have been audited or reviewed by Araxi's external auditors' (p19).

    Document date
    9 Jun 2026
    Auditor's report
    date not recorded
    Board approval
    date not recorded
    Retrieved by us
    17 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2026, FY to 31 Mar 2025
    Basis
    consolidated statements · ZAR thousands (printed “Figures in R'000”)
    • 'The Group was previously known as Capital Appreciation Limited and changed its name to Araxi Limited in September 2025' (p3); registration number 2014/253277/06, ISIN ZAE000208245, JSE share code AXX, A2X share code AXXJ (p89). The directory lists A2X ticker AXX with the same ISIN.
    • The 2026 'Current assets' subtotal is printed 750 324 (page image checked), while its printed components sum to 705 324 and total assets (1 828 165) equal non-current assets (1 122 841) plus 705 324; total equity and liabilities is 1 828 165 (p21). The printed subtotal appears to transpose digits; kept as printed, so the current-assets and total-assets checks fail by 45 000 for 2026.
    • Under 'Total comprehensive income attributable to:' the 2025 column prints Shareholders of the Company 207 143, Non-controlling interest (159) and a total of 206 984, while total comprehensive income for 2025 is printed as 207 143 (p22). Kept as printed; the attributable block is not transcribed.
    • 'Investment in associates and joint ventures' prints '*' in both years ('* Amounts are less than R1 000', p21); not transcribed as a value. 'Capital and reserves' (1 539 264; 2025: 1 533 376) is printed above the four lines it totals (p21). Dividends paid are presented within operating activities (p23).
    • No auditor's report on the summary is printed. The booklet is headed 'Summarised audited annual financial results' (pp1, 5) and says it 'should be read with the Group's Audited Annual Financial Statements ... available at www.araxigroup.com' (p3), but also states: 'Neither the financial information in this annual results announcement and presentation nor any forward-looking statements recorded herein have been audited or reviewed by Araxi's external auditors.' (p19). Auditor named in the corporate information: Deloitte & Touche (p89).
    • Group statement of financial position (p21), statement of comprehensive income (p22), statement of cash flows (p23), statement of changes in equity (pp24-25), segment analysis (pp26-27) and notes on share capital, cash generated from operations, group information and earnings per share (pp28-32); no accounting policies or other notes; no total-liabilities line. Followed by the annual results presentation slides (pp35-87).
    Technical details
    File
    90 pages, with a text layer
    SHA-256
    64faf0dd802cbe91a5e6356ac5f5ad26e1d016dd907d2eab2e36b6bc5194203d
    Entity as printed
    Araxi Limited ('Araxi', 'the Company', or 'the Group'), previously known as Capital Appreciation Limited
    Issuer copy
    retrieved 2026-10-17T13:51:47Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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South Africa country page · Company methodology and coverage