Skip to content
The African Exponent DATA
Resources

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

Emira

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

On this page
Company details
Legal name
Emira Property Fund Limited
Incorporated in
South Africa
Listing
EMI on the A2X Markets, active · ISIN ZAE000203063 (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 · audited financial statements, signed / final · source

Source and wording notes

  • Published summary of audited statements for 2025: final status not established

    Published by the issuer as its audited summarised results booklet. No auditor's report on the summary is printed; the summary states 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited' and that Moore Infinity Inc. audited the annual financial statements and expressed an unmodified opinion thereon (PDF p21). The commentary closes 'By order of the Emira Property Fund Limited Board', with the names James Templeton (Chairman) and Greg Booyens (Chief Financial Officer) typeset, Bryanston, 28 May 2025 (PDF p17, page image); no board approval date for the statements is printed.

    Source: Emira Property Fund Audited summarised financial results for the year ended 31 March 2025 and supplementary information (dated 2025-05-28)

  • 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited. The Directors take full responsibility ... that the financial information has been correctly extracted from the underlying audited consolidated financial statements.' (p21) No auditor's report on the summary is printed; the summary states: 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited. ... The annual financial statements were audited by Moore Infinity Inc., who expressed an unmodified opinion thereon. The auditor’s report does not report on all the information contained in these summarised consolidated financial results.' (p21). The same paragraph also refers to 'the reviewed condensed consolidated annual financial statements' (p21). Consolidated statement of financial position (p18; three columns incl. restated 31 Mar 2023), statement of profit or loss and OCI (p19), statement of changes in equity (p20), statement of cash flows (p21), headline earnings reconciliation (p22), segmental information (p23), fair value and restatement notes (pp24-29), subsequent events (p30) and unaudited SA REIT ratios (pp31-36). Condensed lines: the statement of financial position prints no total equity and no total liabilities, and equity as one 'Share capital and reserves' line. Group only; no Company statements.

    Source: Emira Property Fund Audited summarised financial results for the year ended 31 March 2025 and supplementary information (dated 2025-05-28)

FY to 31 Mar 2024 figures come from a published summary of audited statements (summary), final status not established — see the column notes.

  • Revenue

    ZAR 1.46 billion

    1,459,257 ZAR thousands · p17

    −13.7% vs 2025

  • Operating profit / (loss)

    ZAR 1.13 billion

    1,125,555 ZAR thousands · p17

    −61.2% vs 2025

  • Profit / (loss) for the year

    ZAR 727 million

    726,688 ZAR thousands · p17

    −69.4% vs 2025

  • Total assets

    ZAR 16.4 billion

    16,388,743 ZAR thousands · p16

    −3.2% vs 2025

  • Total equity

    ZAR 9.78 billion

    9,784,361 ZAR thousands · p16

    −1.7% vs 2025

  • Cash from operations

    −ZAR 462 million

    (461,610) ZAR thousands · p20

    Change not shown.

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.

Not shown: the prior-year figure is zero or negative.

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 — audited financial statements, signed / final; reported for the year · source
  • FY to 31 Mar 2025 — audited financial statements, signed / final; comparative in the FY to 31 Mar 2026 filing · source
  • FY to 31 Mar 2024 — published summary of audited statements (summary), final status not established; comparative in the FY to 31 Mar 2025 filing · source
    • Published summary of audited statements for 2025: final status not established. Published by the issuer as its audited summarised results booklet. No auditor's report on the summary is printed; the summary states 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited' and that Moore Infinity Inc. audited the annual financial statements and expressed an unmodified opinion thereon (PDF p21). The commentary closes 'By order of the Emira Property Fund Limited Board', with the names James Templeton (Chairman) and Greg Booyens (Chief Financial Officer) typeset, Bryanston, 28 May 2025 (PDF p17, page image); no board approval date for the statements is printed.
    • 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited. The Directors take full responsibility ... that the financial information has been correctly extracted from the underlying audited consolidated financial statements.' (p21) No auditor's report on the summary is printed; the summary states: 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited. ... The annual financial statements were audited by Moore Infinity Inc., who expressed an unmodified opinion thereon. The auditor’s report does not report on all the information contained in these summarised consolidated financial results.' (p21). The same paragraph also refers to 'the reviewed condensed consolidated annual financial statements' (p21). Consolidated statement of financial position (p18; three columns incl. restated 31 Mar 2023), statement of profit or loss and OCI (p19), statement of changes in equity (p20), statement of cash flows (p21), headline earnings reconciliation (p22), segmental information (p23), fair value and restatement notes (pp24-29), subsequent events (p30) and unaudited SA REIT ratios (pp31-36). Condensed lines: the statement of financial position prints no total equity and no total liabilities, and equity as one 'Share capital and reserves' line. Group only; no Company statements.

Income statement

Income statement, ZAR thousands. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Revenue — rental income 1,459,257 1,691,300 1,893,272
Operating lease rental income from investment properties1 972,035 1,235,091 1,379,466
Recoveries of operating costs from tenants2 486,905 496,071 505,631
Net straight-lining of rental income adjustment34 317 (39,862) 8,175
Revenue — dividend income and return of capital from subsidiaries5 –6 –6 Not reported in this filing7
Gain on disposal of investment in subsidiary8 –6 –6 Not reported in this filing9
Property expenses10 (697,461) (813,070) (880,641)
Administration expenses (146,547) (112,999) (117,619)
Transaction and advisory fees11 (6,459) (26,987) (6,043)
Net fair value adjustments12 475,126 1,875,756 226,048
Change in fair value of investment properties13 52,102 436,070 326,584
Net fair value gain on financial assets through profit or loss14 308,438 1,452,840 318
Unrealised gain/(loss) on derivative financial instruments1516 114,586 (13,154) (100,854)
Net impairment (loss)/reversal on loans receivable and financial guarantees17 (35,102) (33,245) (300,698)
Impairment (loss)/reversal on investments in subsidiaries18 –6 –6 Not reported in this filing19
Foreign exchange (loss)/gain20 (29,558) 438 51,709
Other income 35,035 1,441 1,676
Share of profit of equity-accounted investees, net of tax21 71,264 319,156 249,111
Profit before net finance costs2223 1,125,555 2,901,790 1,078,344
Net finance costs24 (375,626) (465,014) (538,197)
Finance income 88,239 63,624 46,097
Finance costs (463,865) (528,638) (584,294)
Profit before tax25 749,929 2,436,776 540,147
Income tax expense (23,241) (63,084) (15,291)
Profit for the period 726,688 2,373,692 524,856
Exchange differences on translation of foreign operations26 (284,179) (106,280) 100,144
Total comprehensive income for the period 442,509 2,267,412 625,000
Non-controlling interest27 (299) (5,648) 28,868
Equity holders of the parent2829 442,808 2,273,060 596,133
Non-controlling interest30 (299) (5,648) 28,868
Loss on disposal of investment31 Not reported in this filing32 Not reported in this filing3233 (38,471)
  1. Printed “—”, read as nil: subtotal_arithmetic: is.operating_profit.
Notes and alternative reported figures (32)
  1. “Operating lease rental income from investment properties” is an issuer-specific line, not mapped to a shared definition: Component of revenue — rental income.
  2. “Recoveries of operating costs from tenants” is an issuer-specific line, not mapped to a shared definition: Component of revenue — rental income.
  3. “Net straight-lining of rental income adjustment” is an issuer-specific line, not mapped to a shared definition: Note 7; component of revenue — rental income.
  4. Printed under different labels across filings: “Net straight-lining of rental income adjustment”; “Straight-lining of rental income adjustment”.
  5. “Revenue — dividend income and return of capital from subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 3; Group columns print '—'.
  6. Not reported in this filing: Not reported in this filing: the consolidated statement of profit or loss and OCI (p19) has no 'Revenue — dividend income and return of capital from subsidiaries' line; its lines before profit before finance costs are 'Revenue — rental income', 'Property expenses', 'Administration expenses', 'Transaction and advisory fees', 'Net fair value adjustments', 'Impairment loss on loans receivable', 'Loss on disposal of investment', 'Foreign exchange gain', 'Other income', 'Income from equity-accounted investments'. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p19).
  7. “Gain on disposal of investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Group columns print '—'.
  8. Not reported in this filing: Not reported in this filing: the consolidated statement of profit or loss (p19) has no 'Gain on disposal of investment in subsidiary' line for 31 Mar 2024 (the line printed is 'Loss on disposal of investment' (38 471)). The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p19).
  9. “Property expenses” is an issuer-specific line, not mapped to a shared definition: Operating costs of the property portfolio.
  10. “Transaction and advisory fees” is an issuer-specific line, not mapped to a shared definition: Note 3.
  11. “Net fair value adjustments” is an issuer-specific line, not mapped to a shared definition: Subtotal printed above its three components.
  12. “Change in fair value of investment properties” is an issuer-specific line, not mapped to a shared definition: Note 6; component of net fair value adjustments.
  13. Printed under different labels across filings: “Fair value gain on financial instruments at fair value through profit or loss”; “Net fair value gain on financial assets through profit or loss”.
  14. “Unrealised gain/(loss) on derivative financial instruments” is an issuer-specific line, not mapped to a shared definition: Component of net fair value adjustments.
  15. Printed under different labels across filings: “Unrealised gain/(loss) on derivative financial instruments”; “Unrealised loss on derivative financial instruments”.
  16. Printed under different labels across filings: “Impairment loss on loans receivable”; “Net impairment (loss)/reversal on loans receivable and financial guarantees”.
  17. “Impairment (loss)/reversal on investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 10; Group columns print '—'.
  18. Not reported in this filing: Not reported in this filing: the consolidated statement of profit or loss (p19) has no 'Impairment (loss)/reversal on investments in subsidiaries' line; the only impairment line is 'Impairment loss on loans receivable' (300 698) for 2024. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p19).
  19. Printed under different labels across filings: “Foreign exchange (loss)/gain”; “Foreign exchange gain”.
  20. Printed under different labels across filings: “Income from equity-accounted investments”; “Share of profit of equity-accounted investees, net of tax”.
  21. “Profit before net finance costs”: mapping to a shared definition is uncertain. Printed 'Profit before net finance costs'; it includes fair value adjustments, impairments, foreign exchange and the share of equity-accounted profit.
  22. Printed under different labels across filings: “Profit before finance costs”; “Profit before net finance costs”.
  23. “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Finance income less finance costs, printed above its two components.
  24. Printed under different labels across filings: “Profit before income tax expense”; “Profit before tax”.
  25. “Exchange differences on translation of foreign operations”: mapping to a shared definition is uncertain. The only item of other comprehensive income; no OCI total is printed.
  26. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Attribution of profit.
  27. “Equity holders of the parent” is an issuer-specific line, not mapped to a shared definition: Attribution of total comprehensive income.
  28. Printed under different labels across filings: “Emira shareholders”; “Equity holders of the parent”.
  29. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Attribution of total comprehensive income.
  30. “Loss on disposal of investment” is an issuer-specific line, not mapped to a shared definition: FY2025 summary line; 2025 printed '—'.
  31. Not reported in this filing: Not reported in this filing: the FY2026 statements of profit or loss and OCI (p17) have no 'Loss on disposal of investment' line in the group or company columns; disposal lines printed are 'Gain on disposal of investment in subsidiary' (company only). Checked on the page image (p17).
  32. Published summary of audited statements dated 2025-05-28 presents this line for this year: — (p19). Not shown in this column, which follows one filing's presentation.

Balance sheet

Balance sheet, ZAR thousands. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Investment property 7,543,311 9,145,100 9,473,065
Straight-lining of rental income12 148,636 148,319 188,181
Unamortised upfront lease costs3 38,598 38,653 35,724
Right-of-use assets4 73,429 73,429 76,567
Total property related assets567 7,803,974 9,405,501 9,773,537
Furniture, fittings, computer equipment and intangible assets89 321 386 799
Investment in subsidiaries10 –11 –11 Not reported in this filing12
Loans to subsidiaries13 –11 –11 Not reported in this filing14
Investments in equity-accounted investments1516 1,053,814 2,663,736 2,783,320
Financial assets at fair value through profit or loss 4,091,377 3,394,994 –11
Loans receivable17 135,124 173,098 158,502
Derivative financial instruments18 92,667 59,660 58,628
Total non-current assets19 13,177,277 15,697,375 12,774,786
Loans receivable17 35,718 48,814 77,461
Accounts receivable20 133,497 139,351 140,547
Derivative financial instruments18 68,570 15,567 13,453
Loans to subsidiaries13 –21 –21 Not reported in this filing22
Cash and cash equivalents 1,570,399 407,790 180,758
Total current assets23 1,808,184 611,522 412,219
Assets held for sale24 1,403,282 628,308 2,417,264
Total assets 16,388,743 16,937,205 15,604,269
Share capital 3,245,227 3,402,629 Not reported in this filing25
Fair value and other reserves26 4,418,498 4,393,329 Not reported in this filing25
Foreign currency translation reserve27 23,222 307,401 Not reported in this filing25
Share-based payment reserve28 14,701 31,305 Not reported in this filing25
Change in ownership reserve29 (20,882) (20,882) Not reported in this filing25
Retained earnings 2,103,595 1,824,837 Not reported in this filing25
Equity attributable to the equity holders of the parent30 9,784,361 9,938,619 8,236,839
Non-controlling interest31 –32 11,608 17,256
Total equity 9,784,361 9,950,227 Not reported in this filing33
Interest-bearing debt 5,426,365 5,263,698 4,499,864
Other financial liabilities343536 –37 –37 10,227
Lease liabilities 68,817 70,002 73,026
Derivative financial instruments18 60,819 106,738 128,981
Deferred tax38 75,643 160,384 113,087
Total non-current liabilities39 5,631,644 5,600,822 4,825,185
Interest-bearing debt40 553,256 930,810 1,890,780
Other financial liabilities41 12,903 12,877 12,810
Lease liabilities42 6,039 5,508 5,323
Loans from subsidiaries43 –44 –44 Not reported in this filing45
Accounts payable46 317,916 356,37547 474,012
Employee benefits liability48 48,581 23,532 Not reported in this filing49
Derivative financial instruments18 34,043 57,054 142,064
Total current liabilities50 972,738 1,386,156 2,524,989
Total liabilities 6,604,382 6,986,978 Not reported in this filing51
Total equity and liabilities 16,388,743 16,937,205 15,604,269
Share capital and reserves52 Not reported in this filing53 Not reported in this filing5354 8,236,839
  1. Printed “—”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “—”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “—”, read as nil: subtotal_arithmetic: bs.total_equity.
  4. Printed “—”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  5. Printed “—”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (49)
  1. “Straight-lining of rental income” is an issuer-specific line, not mapped to a shared definition: Note 7; property-related asset.
  2. Printed under different labels across filings: “Straight-lining of rental income”; “Straight-lining of rental income adjustment”.
  3. “Unamortised upfront lease costs” is an issuer-specific line, not mapped to a shared definition: Note 8; property-related asset.
  4. Printed under different labels across filings: “Right-of-use asset”; “Right-of-use assets”.
  5. “Total property related assets” is an issuer-specific line, not mapped to a shared definition: Subtotal of investment property, straight-lining, lease costs and right-of-use assets.
  6. “Total property related assets”: mapping to a shared definition is uncertain. Printed 'Fair value of investment properties': the subtotal of investment property, straight-lining, upfront lease costs and right-of-use asset, printed in FY2026 as 'Total property related assets'.
  7. Printed under different labels across filings: “Fair value of investment properties”; “Total property related assets”.
  8. “Furniture, fittings, computer equipment and intangible assets” is an issuer-specific line, not mapped to a shared definition: Note 9; printed as one line.
  9. Printed under different labels across filings: “Furniture, fittings, computer equipment and Intangible assets”; “Furniture, fittings, computer equipment and intangible assets”.
  10. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 10; Group columns print '—'.
  11. Not reported in this filing: Not reported in this filing: no 'Investment in subsidiaries' line. The FY2025 consolidated statement of financial position (p18) prints no such line. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p18).
  12. “Loans to subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 10; Group columns print '—'.
  13. Not reported in this filing: Not reported in this filing: no 'Loans to subsidiaries' line among non-current assets (the loan line printed is 'Loans receivable' 158 502). The FY2025 consolidated statement of financial position (p18) prints no such line. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p18).
  14. “Investments in equity-accounted investments”: mapping to a shared definition is uncertain. Printed as one line covering investments in and loans to equity-accounted investments.
  15. Printed under different labels across filings: “Investment and loans in equity-accounted investments”; “Investments in equity-accounted investments”.
  16. “Loans receivable” is an issuer-specific line, not mapped to a shared definition: Note 13.
  17. “Derivative financial instruments” is an issuer-specific line, not mapped to a shared definition: Note 14.
  18. Printed under different labels across filings: “Non-current assets”; “Total non-current assets”.
  19. “Accounts receivable”: mapping to a shared definition is uncertain. Printed 'Accounts receivable' (note 15).
  20. Not reported in this filing: Not reported in this filing: no 'Loans to subsidiaries' line among current assets (the loan line printed is 'Loans receivable' 77 461). The FY2025 consolidated statement of financial position (p18) prints no such line. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p18).
  21. Printed under different labels across filings: “Current assets”; “Total current assets”.
  22. “Assets held for sale” is an issuer-specific line, not mapped to a shared definition: Notes 6, 11; printed after total current assets, within total assets.
  23. Not reported in this filing: Not reported separately on the face of the FY2025 consolidated statement of financial position (p18): included in 'Share capital and reserves' 8 236 839 (31 Mar 2024, restated), the only equity line above 'Non-controlling interests'. The statement of changes in equity (p20) shows the component in its 'Balance at 31 March 2024 (restated)' row, but it is not a statement-of-financial-position line in this document. Checked on the page image (p18).
  24. “Fair value and other reserves” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  25. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  26. “Share-based payment reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  27. “Change in ownership reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  28. Printed under different labels across filings: “Equity and reserves attributable to equity holders of the parent”; “Equity attributable to the equity holders of the parent”.
  29. Printed under different labels across filings: “Non-controlling interest”; “Non-controlling interests”.
  30. Not reported in this filing: Not printed in the summary publication. The statement of financial position prints equity attributable to the parent and non-controlling interests without a total equity line (p18).
  31. “Other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 18; Group columns print '—'.
  32. “Other financial liabilities”: mapping to a shared definition is uncertain. Printed 'Financial liabilities at amortised cost' among non-current liabilities; FY2026 prints 'Other financial liabilities' (note 18).
  33. Printed under different labels across filings: “Financial liabilities at amortised cost”; “Other financial liabilities”.
  34. Printed under different labels across filings: “Deferred tax”; “Deferred taxation”.
  35. Printed under different labels across filings: “Non-current liabilities”; “Total non-current liabilities”.
  36. Printed under different labels across filings: “Interest-bearing debt”; “Short-term portion of interest-bearing debt”.
  37. “Other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 18.
  38. Printed under different labels across filings: “Lease liabilities”; “Short-term portion of lease liabilities”.
  39. “Loans from subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 10; current; Group columns print '—'.
  40. Not reported in this filing: Not reported in this filing: no 'Loans from subsidiaries' line. The FY2025 consolidated statement of financial position (p18) prints no such line. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p18).
  41. “Accounts payable”: mapping to a shared definition is uncertain. Printed 'Accounts payable' (note 21).
  42. Published summary of audited statements dated 2025-05-28 prints 379 907 (thousands, p18) for this line and year.
  43. “Employee benefits liability” is an issuer-specific line, not mapped to a shared definition: Note 22; current.
  44. Not reported in this filing: Not reported in this filing: the FY2025 consolidated statement of financial position (p18) has no 'Employee benefits liability' line; its current liabilities are 'Short-term portion of interest-bearing debt', 'Other financial liabilities', 'Accounts payable' (474 012), 'Short-term portion of lease liabilities' and 'Derivative financial instruments'. Checked on the page image (p18).
  45. Printed under different labels across filings: “Current liabilities”; “Total current liabilities”.
  46. Not reported in this filing: Not printed in the summary publication. Non-current and current liabilities are printed without a total liabilities line (p18).
  47. “Share capital and reserves” is an issuer-specific line, not mapped to a shared definition: Summary line: share capital and all reserves printed as one figure (equal to equity attributable to equity holders of the parent).
  48. Not reported in this filing: Not reported in this filing: the FY2026 statements of financial position (p16) print no 'Share capital and reserves' line; equity is shown by component ('Share capital', 'Fair value and other reserves', 'Foreign currency translation reserve', 'Share-based payment reserve', 'Change in ownership reserve', 'Retained earnings') with the subtotal 'Equity attributable to the equity holders of the parent' (group 9 784 361; 2025: 9 938 619). Checked on the page image (p16).
  49. Published summary of audited statements dated 2025-05-28 presents this line for this year: 9 938 619 (p18). Not shown in this column, which follows one filing's presentation.

Cash flow

Cash flow, ZAR thousands. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Cash generated from operations 613,561 736,232 976,594
Finance income received1 168,491 95,916 99,678
Finance costs paid2 (582,443) (647,604) (648,411)
Income tax paid3 (95,327) (12,153) 28
Dividends received4 33,570 –5 Not reported in this filing6
Dividends paid to shareholders (599,462) (574,695) (473,088)
Net cash used in operating activities7 (461,610) (402,304) (45,199)
Acquisition of, and additions to, investment properties excluding capitalised interest8 (157,903) (267,944) (193,660)
Proceeds on disposal of investment properties9 1,279,276 2,762,419 501,305
Acquisition of furniture, fittings, computer equipment and intangible assets10 (144) (62) (477)
Proceeds from disposal of investment in subsidiary11 –12 –12 Not reported in this filing13
Repayments of loans advanced to subsidiaries14 –12 –12 Not reported in this filing15
Loans advanced to subsidiaries16 –12 –12 Not reported in this filing17
Proceeds from equity-accounted investments18 1,235,872 353,694 911,695
Repayment of loans receivable advanced19 65,866 59,547 27,280
Loans receivable advanced20 –12 (10,000) (171,200)
Investment in financial assets at fair value through profit or loss21 (733,853) (1,989,792) –12
Proceeds from financial assets at fair value through profit or loss22 351,914 49,731 1,082
Net cash from investing activities23 2,041,028 957,593 1,076,025
Non-controlling interest acquired24 (4,950) –25 (304,466)
Buy-back of ordinary shares26 (154,863) (13,827) (24,492)
Shares acquired for the Emira Forfeitable Share Plan27 (11,521) (17,974) (17,204)
Lease liability payment on capital portion (5,769) (5,438) (5,112)
Proceeds from other financial liabilities at amortised cost2829 26 66 –25
Other financial liabilities at amortised cost repaid30 –25 (10,216) (14,087)
Derivative financial instruments settled31 (46,656) (104,120) (102,849)
Interest-bearing debt raised 2,276,513 4,099,424 4,370,634
Interest-bearing debt repaid (2,474,047) (4,273,829) (4,881,432)
Net cash (used in)/from financing activities (421,267) (325,914) (979,008)
Net increase in cash and cash equivalents 1,158,151 229,375 51,818
Effect of movement in exchange rate on cash held 4,458 (2,343) 3,895
Cash and cash equivalents at the beginning of the period 407,790 180,758 125,045
Cash and cash equivalents at the end of the period 1,570,399 407,790 180,758
  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 (28)
  1. “Finance income received”: mapping to a shared definition is uncertain. Printed 'Finance income received' within operating activities.
  2. “Finance costs paid”: mapping to a shared definition is uncertain. Printed 'Finance costs paid' in operating activities; not split between borrowings and leases.
  3. Printed under different labels across filings: “Income tax (paid)/refunded”; “Income tax paid”.
  4. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Operating activities; 2025 printed '—'.
  5. Not reported in this filing: Not reported in this filing: no 'Dividends received' line; the FY2025 consolidated statement of cash flows (p21) has no such line; its investing lines are 'Acquisition of, and additions to, investment properties excluding capitalised interest', 'Proceeds on disposal of investment properties', 'Acquisition of furniture, fittings, computer equipment and intangible assets', 'Proceeds from equity-accounted investments', 'Repayment of loans receivable advanced', 'Loans receivable advanced', 'Investment in financial assets at fair value through profit or loss' and 'Proceeds from financial assets at fair value through profit or loss'. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p21).
  6. Printed under different labels across filings: “Net cash (used in)/from operating activities”; “Net cash used in operating activities”.
  7. “Acquisition of, and additions to, investment properties excluding capitalised interest” is an issuer-specific line, not mapped to a shared definition: Note 6; investing activities.
  8. “Proceeds on disposal of investment properties” is an issuer-specific line, not mapped to a shared definition: Note 6; investing activities.
  9. “Acquisition of furniture, fittings, computer equipment and intangible assets”: mapping to a shared definition is uncertain. Printed as one line covering furniture, fittings, computer equipment and intangible assets.
  10. “Proceeds from disposal of investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing; Group columns print '—'.
  11. Not reported in this filing: Not reported in this filing: no 'Proceeds from disposal of investment in subsidiary' line; the FY2025 consolidated statement of cash flows (p21) has no such line; its investing lines are 'Acquisition of, and additions to, investment properties excluding capitalised interest', 'Proceeds on disposal of investment properties', 'Acquisition of furniture, fittings, computer equipment and intangible assets', 'Proceeds from equity-accounted investments', 'Repayment of loans receivable advanced', 'Loans receivable advanced', 'Investment in financial assets at fair value through profit or loss' and 'Proceeds from financial assets at fair value through profit or loss'. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p21).
  12. “Repayments of loans advanced to subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 10; investing; Group columns print '—'.
  13. Not reported in this filing: Not reported in this filing: no 'Repayments of loans advanced to subsidiaries' line ('Repayment of loans receivable advanced' 27 280 is a different line); the FY2025 consolidated statement of cash flows (p21) has no such line; its investing lines are 'Acquisition of, and additions to, investment properties excluding capitalised interest', 'Proceeds on disposal of investment properties', 'Acquisition of furniture, fittings, computer equipment and intangible assets', 'Proceeds from equity-accounted investments', 'Repayment of loans receivable advanced', 'Loans receivable advanced', 'Investment in financial assets at fair value through profit or loss' and 'Proceeds from financial assets at fair value through profit or loss'. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p21).
  14. “Loans advanced to subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 10; investing; Group columns print '—'.
  15. Not reported in this filing: Not reported in this filing: no 'Loans advanced to subsidiaries' line ('Loans receivable advanced' (171 200) is a different line); the FY2025 consolidated statement of cash flows (p21) has no such line; its investing lines are 'Acquisition of, and additions to, investment properties excluding capitalised interest', 'Proceeds on disposal of investment properties', 'Acquisition of furniture, fittings, computer equipment and intangible assets', 'Proceeds from equity-accounted investments', 'Repayment of loans receivable advanced', 'Loans receivable advanced', 'Investment in financial assets at fair value through profit or loss' and 'Proceeds from financial assets at fair value through profit or loss'. The FY2025 document is the audited summarised consolidated results (group only; no company/separate columns). Checked on the page image (p21).
  16. “Proceeds from equity-accounted investments” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  17. “Repayment of loans receivable advanced” is an issuer-specific line, not mapped to a shared definition: Note 13; investing activities.
  18. “Loans receivable advanced” is an issuer-specific line, not mapped to a shared definition: Investing activities; 2026 printed '—'.
  19. “Investment in financial assets at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 12; investing activities.
  20. “Proceeds from financial assets at fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 12; investing activities.
  21. Printed under different labels across filings: “Net cash (used in)/from investing activities”; “Net cash from investing activities”.
  22. “Non-controlling interest acquired” is an issuer-specific line, not mapped to a shared definition: Financing activities; 2025 printed '—'.
  23. “Buy-back of ordinary shares” is an issuer-specific line, not mapped to a shared definition: Note 16; financing activities.
  24. “Shares acquired for the Emira Forfeitable Share Plan” is an issuer-specific line, not mapped to a shared definition: Note 16; financing activities.
  25. “Proceeds from other financial liabilities at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 18; financing activities.
  26. Printed under different labels across filings: “Other financial liabilities at amortised cost drawn”; “Proceeds from other financial liabilities at amortised cost”.
  27. “Other financial liabilities at amortised cost repaid” is an issuer-specific line, not mapped to a shared definition: Note 18; financing; 2026 printed '—'.
  28. “Derivative financial instruments settled” is an issuer-specific line, not mapped to a shared definition: Note 14; financing activities.

Per share and shares

Per share and shares. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026; FY to 31 Mar 2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filingFY to 31 Mar 2024Published summary of audited statements (summary)comparative in FY to 31 Mar 2025 filingsource limitations
Earnings / (loss) per share (per share)51 1.54352 4.93303 1.02854
Profit / (loss) attributable to shareholders (ZAR thousands)76 726,987 2,379,340 495,988
  1. Printed as 154,35 cents; value converted to ZAR at 100 cents = 1 ZAR.
  2. Printed as 493,30 cents; value converted to ZAR at 100 cents = 1 ZAR.
  3. Printed as 102,85 cents; value converted to ZAR at 100 cents = 1 ZAR.
Notes and alternative reported figures (4)
  1. “Basic earnings per share (cents)”: mapping to a shared definition is uncertain. Basic EPS (cents); diluted EPS is printed separately and differs (native eps_diluted).
  2. Earnings / (loss) per share: printed as “Basic earnings per share (cents)”.
  3. Printed under different labels across filings: “Emira shareholders”; “Equity holders of the parent”.
  4. Profit / (loss) attributable to shareholders: printed as “Equity holders of the parent”.

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 to shareholders (599,462) ZAR thousands Audited financial statements, p20
31 Mar 2025 Dividends paid (cash flow statement) Dividends paid to shareholders (574,695) ZAR thousands Audited financial statements, p20
31 Mar 2024 Dividends paid (cash flow statement) Dividends paid to shareholders (473,088) ZAR thousands Summary statements, p21

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.

  • Emira Property Fund Consolidated and Separate Annual Financial Statements 2026

    Year ended 31 March 2026 · Audited financial statements · signed / final

    Audit: Moore Infinity Incorporated, unmodified opinion · signed

    Auditor's sign-off: Moore Infinity Incorporated, Pierre Johannes Conradie, Director, Registered Auditor

    Final status: Independent auditor's report of Moore Infinity Incorporated to the shareholders of Emira Property Fund Limited (opinion PDF p11, folio 10) closes on PDF p15 (folio 14) with a handwritten signature 'Moore Infinity' above 'Moore Infinity Incorporated, Chartered Accountants (SA), Registered Auditors, Pierre Johannes Conradie, Director, Registered Auditor, 27 May 2026' (page image). Statement of directors' responsibilities and approval (PDF p3, folio 02): approved by the Board on 27 May 2026 and 'signed on their behalf by' James Templeton (Chairman) and James Day (CEO); the names are typeset with no visible signatures (page image).

    Document date
    27 May 2026
    Auditor's report
    27 May 2026
    Board approval
    27 May 2026
    Retrieved by us
    8 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 “R’000”)
    • Basic EPS 154,35 cents (2025: 493,30) and diluted EPS 153,29 cents (2025: 487,50) are printed separately (p17); basic mapped to eps_basic_diluted as ambiguous, diluted to a native per-share concept. EPS and net asset value per share (2 094,9; 2025: 2 067,3 cents, a non-IFRS measure, p16) are stored in rand with the printed figure and unit kept (minor_unit).
    • Other comprehensive income has one item (exchange differences on translation of foreign operations) and no OCI total (p17). Assets held for sale are printed after total current assets, within total assets (p16). Dividends received, dividends paid, finance income received and finance costs paid are presented within operating activities (p20).
    • Lines printed for the Company only (investment in and loans to/from subsidiaries, dividend income from subsidiaries, gain on disposal of and impairment of subsidiaries, and related cash flows) print '—' in the Group columns and are recorded as nil Group values.
    Technical details
    File
    119 pages, with a text layer
    SHA-256
    6f809504a8ca158315b846536ecfb6ff07946f30e3301d90d08e22d0c8bdf48e
    Entity as printed
    Emira Property Fund Limited ("Emira" or "the Fund" or "the Company") and its Subsidiaries (the Group)
    Issuer copy
    retrieved 2026-10-08T18:45:04Z

  • Emira Property Fund Audited summarised financial results for the year ended 31 March 2025 and supplementary information

    Year ended 31 March 2025 · Published summary of audited statements (summary) · final status not established

    Audit: Moore Infinity Inc. (named); no auditor's opinion on the full statements in this document

    Final status: Published by the issuer as its audited summarised results booklet. No auditor's report on the summary is printed; the summary states 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited' and that Moore Infinity Inc. audited the annual financial statements and expressed an unmodified opinion thereon (PDF p21). The commentary closes 'By order of the Emira Property Fund Limited Board', with the names James Templeton (Chairman) and Greg Booyens (Chief Financial Officer) typeset, Bryanston, 28 May 2025 (PDF p17, page image); no board approval date for the statements is printed.

    Document date
    28 May 2025
    Auditor's report
    date not recorded
    Board approval
    date not recorded
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2024
    Basis
    consolidated statements · ZAR thousands (printed “R’000”)
    • Basic EPS 493,30 cents (2024: 102,85) and diluted EPS 487,50 (2024: 101,36) are printed separately (p19); basic mapped to eps_basic_diluted as ambiguous, diluted to a native per-share concept; EPS and net asset value per share (cents) stored in rand with printed figure and unit kept (minor_unit). Non-current assets, current assets, non-current liabilities and current liabilities are printed as headed totals above their lines (p18). Assets held for sale are printed after the current assets, within total assets.
    • Mapping follows the FY2026 full-statements spec; 'Fair value of investment properties' (p18) is mapped to the FY2026 native subtotal 'Total property related assets' (ambiguous); 'Share capital and reserves' is a native summary line.
    • The 2024 comparatives are headed 'Restated^ audited' (pp18-19): a prior period error (deferred taxation) was corrected — 31 Mar 2024 retained earnings (113 087) and deferred taxation +113 087; 2024 foreign exchange gain (5 961), income tax expense (15 286), profit for the period 546 104 -> 524 856; basic and diluted EPS reduced by 4,42 and 4,36 cents (p29). Rows affected are marked restated (comparative).
    • No auditor's report on the summary is printed; the summary states: 'These summarised consolidated financial statements are extracted from the audited information but are not themselves audited. ... The annual financial statements were audited by Moore Infinity Inc., who expressed an unmodified opinion thereon. The auditor’s report does not report on all the information contained in these summarised consolidated financial results.' (p21). The same paragraph also refers to 'the reviewed condensed consolidated annual financial statements' (p21).
    • Consolidated statement of financial position (p18; three columns incl. restated 31 Mar 2023), statement of profit or loss and OCI (p19), statement of changes in equity (p20), statement of cash flows (p21), headline earnings reconciliation (p22), segmental information (p23), fair value and restatement notes (pp24-29), subsequent events (p30) and unaudited SA REIT ratios (pp31-36). Condensed lines: the statement of financial position prints no total equity and no total liabilities, and equity as one 'Share capital and reserves' line. Group only; no Company statements.
    Technical details
    File
    38 pages, with a text layer
    SHA-256
    d96a8dcfcc77d14b05727fe36092563a45f7935874857c0b3f57cd50edc58d65
    Entity as printed
    Emira Property Fund Limited (the “Company”) ... together with all its subsidiaries (the “Group” or the “Fund” or “Emira”); registration number 2014/130842/06 (PDF pp3, 30)
    Issuer copy
    retrieved 2026-10-08T18:45:21Z

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.

Download

Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

South Africa country page · Company methodology and coverage