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
Metair
On this page
Company details
- Legal name
- Metair Investments Limited
- Incorporated in
- South Africa
- Listing
- MTA on the A2X Markets, active · ISIN ZAE000090692 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · published summary of audited statements, signed / final · source
Read with these figures
- Summary financial statements. FY2025 figures come from a published summary of the audited statements, not the full statements.
Full wording and sources
2025, 2024: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'These summarised financial statements are only a summary of the consolidated annual financial statements for the year ended 31 December 2025 and have been extracted from audited information, but are themselves audited. The annual financial statements were audited by Ernst & Young Inc., who expressed an unmodified opinion thereon.' (p18) Independent Auditor's Report on the Summarised Consolidated Financial Statements, Ernst & Young Inc. (ISA 810 (Revised)): 'In our opinion, the accompanying summarised consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements, as set out in notes of the summarised consolidated financial statements, and the requirements of the Companies Act of South Africa as applicable to summary financial statements.' It also states 'We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 10 March 2026.' Signed Ernst & Young Inc. (script firm signature), Director: Lerato Hannah Sidubi, 10 March 2026, 102 Rivonia, Sandton (p7). Summarised consolidated income statement with capital-item and operating-expense disclosures (p8), revenue disaggregation and per-share data (p9), headline earnings and statement of comprehensive income (p10), statement of changes in equity (p11), balance sheet (p12), statement of cash flows (p13), segment information (pp14-15) and selected notes (pp16-18). Condensed lines: distribution, administrative and other operating expenses as one line; no full notes.
Source: Summarised Audited Consolidated Annual Results For The Year Ended 31 December 2025 (dated 2026-03-10)
-
Revenue
ZAR 17.9 billion
17,868,275 ZAR thousands · p8
+57.1% vs 2024
-
Operating profit / (loss)
ZAR 362 million
362,041 ZAR thousands · p8
−43.8% vs 2024
-
Profit / (loss) for the year
−ZAR 393 million
(393,088) ZAR thousands · p8
Change not shown.
-
Total assets
ZAR 12.6 billion
12,580,989 ZAR thousands · p12
+30.0% vs 2024
-
Total equity
ZAR 2.26 billion
2,260,949 ZAR thousands · p12
−19.2% vs 2024
-
Cash from operations
ZAR 1.18 billion
1,178,220 ZAR thousands · p13
+603.7% vs 2024
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
- FY2025 — published summary of audited statements (summary), signed / final; reported for the year · source
- FY2024 — published summary of audited statements (summary), signed / final; comparative in the FY2025 filing · source
- 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'These summarised financial statements are only a summary of the consolidated annual financial statements for the year ended 31 December 2025 and have been extracted from audited information, but are themselves audited. The annual financial statements were audited by Ernst & Young Inc., who expressed an unmodified opinion thereon.' (p18) Independent Auditor's Report on the Summarised Consolidated Financial Statements, Ernst & Young Inc. (ISA 810 (Revised)): 'In our opinion, the accompanying summarised consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements, as set out in notes of the summarised consolidated financial statements, and the requirements of the Companies Act of South Africa as applicable to summary financial statements.' It also states 'We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 10 March 2026.' Signed Ernst & Young Inc. (script firm signature), Director: Lerato Hannah Sidubi, 10 March 2026, 102 Rivonia, Sandton (p7). Summarised consolidated income statement with capital-item and operating-expense disclosures (p8), revenue disaggregation and per-share data (p9), headline earnings and statement of comprehensive income (p10), statement of changes in equity (p11), balance sheet (p12), statement of cash flows (p13), segment information (pp14-15) and selected notes (pp16-18). Condensed lines: distribution, administrative and other operating expenses as one line; no full notes.
Income statement
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Revenue | 17,868,275 | 11,376,129 |
| Cost of sales | (15,015,010) | (9,999,323) |
| Gross profit | 2,853,265 | 1,376,806 |
| Other operating income and dividend income1 | 211,396 | 301,148 |
| Distribution, administrative and other operating expenses | (1,977,994) | (1,131,920) |
| Operating profit before exceptional items2 | 1,086,667 | 546,034 |
| Exceptional Items – Rombat fine3 | (412,591) | –4 |
| Operating profit before capital items5 | 674,076 | 546,034 |
| Capital Items6 | (312,035) | 98,519 |
| Operating profit | 362,041 | 644,553 |
| Share of results of associates | 44,185 | 31,743 |
| Interest income | 79,624 | 122,854 |
| Interest expense | (611,966) | (344,731) |
| (Loss)/profit before taxation | (126,116) | 454,419 |
| Taxation | (168,089) | (142,748) |
| (Loss)/profit from continuing operations for the period7 | (294,205) | 311,671 |
| Discontinued operations8 | (98,883) | (4,466,148) |
| (Loss) for the period | (393,088) | (4,154,477) |
| Net other comprehensive (loss)/income | (36,907) | 1,410,191 |
| Total comprehensive loss for the period | (429,995) | (2,744,285) |
- Printed “–”, read as nil: subtotal_arithmetic: is.native.co_60r3d9tzabgv.op_before_capital_items.
Notes and alternative reported figures (7)
- “Other operating income and dividend income” is an issuer-specific line, not mapped to a shared definition: Printed as one line (p8).
- “Operating profit before exceptional items” is an issuer-specific line, not mapped to a shared definition: Printed subtotal (p8).
- “Exceptional Items – Rombat fine” is an issuer-specific line, not mapped to a shared definition: Provision for the European Commission fine on Rombat SA (R413 million; p3); 2024 printed '–' (p8).
- “Operating profit before capital items” is an issuer-specific line, not mapped to a shared definition: Printed subtotal (p8).
- “Capital Items” is an issuer-specific line, not mapped to a shared definition: Impairments, disposal results, loss on consolidation and bargain purchase gains, one line (p8).
- “(Loss)/profit from continuing operations for the period” is an issuer-specific line, not mapped to a shared definition: Printed subtotal (p8).
- “Discontinued operations” is an issuer-specific line, not mapped to a shared definition: Result from discontinued operations, one line (p8).
Balance sheet
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Property, plant and equipment | 3,571,425 | 2,703,344 |
| Intangible assets | 587,401 | 28,217 |
| Costs to fulfil a contract1 | 111,741 | –2 |
| Investment in associates | 301,272 | 325,884 |
| Deferred taxation | 962,876 | 93,472 |
| Non-current assets | 5,534,715 | 4,111,562 |
| Costs to fulfil a contract3 | 22,587 | –4 |
| Inventory | 2,713,701 | 2,105,469 |
| Trade and other receivables | 2,039,245 | 1,715,889 |
| Contract assets | 900,958 | 545,332 |
| Taxation | 21,992 | 9,294 |
| Derivative financial assets | 171 | 18,927 |
| Cash and cash equivalents | 1,300,230 | 1,172,510 |
| Assets held for sale5 | 47,390 | Not reported in this filing6 |
| Current assets | 7,046,274 | 5,567,421 |
| Total assets | 12,580,989 | 9,678,983 |
| Stated capital | 1,497,931 | 1,497,931 |
| Treasury shares7 | (84,968) | (100,164) |
| Reserves8 | 420,676 | 419,332 |
| Retained earnings | 379,407 | 876,810 |
| Ordinary shareholders' equity | 2,213,046 | 2,693,909 |
| Non-controlling interests | 47,903 | 103,131 |
| Total equity | 2,260,949 | 2,797,040 |
| Borrowings | 4,737,197 | 257,357 |
| Post-employment benefits | 50,542 | 43,022 |
| Deferred taxation | 762,000 | 167,649 |
| Deferred grant income9 | 205,025 | 135,405 |
| Minority shareholders loan10 | 333,925 | Not reported in this filing11 |
| Provisions for liabilities and charges12 | 360,309 | 40,104 |
| Non-current liabilities | 6,448,998 | 643,537 |
| Trade and other payables | 3,018,330 | 2,229,544 |
| Contract liabilities | 58,839 | 181,704 |
| Borrowings | 379,609 | 3,279,114 |
| Taxation | 18,387 | 41,937 |
| Provisions for liabilities and charges | 235,269 | 140,086 |
| Derivative financial liabilities | 72,536 | 1,870 |
| Bank overdrafts | 88,072 | 364,151 |
| Current liabilities | 3,871,042 | 6,238,406 |
| Total liabilities | 10,320,040 | 6,881,943 |
| Total equity and liabilities | 12,580,989 | 9,678,983 |
| Loan to associate13 | Not reported in this filing14 | 960,645 |
- Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_assets.
- Printed “–”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (12)
- “Costs to fulfil a contract” is an issuer-specific line, not mapped to a shared definition: Printed under non-current assets (p12).
- “Costs to fulfil a contract” is an issuer-specific line, not mapped to a shared definition: Printed under current assets (p12).
- “Assets held for sale” is an issuer-specific line, not mapped to a shared definition: Printed below cash and cash equivalents after a rule; the printed current-assets subtotal includes it (7 046 274). 2025 only (p12).
- Not reported in this filing: Not printed for 2024: the line 'Assets held for sale' carries a 2025 amount (47 390) only; the 2024 column is left blank (p12, checked on the page image).
- “Treasury shares” is an issuer-specific line, not mapped to a shared definition: Deducted within ordinary shareholders' equity.
- “Reserves” is an issuer-specific line, not mapped to a shared definition: Group reserves other than retained earnings.
- “Deferred grant income” is an issuer-specific line, not mapped to a shared definition: Non-current.
- “Minority shareholders loan” is an issuer-specific line, not mapped to a shared definition: Non-current; 2025 only, the 2024 cell is blank (p12).
- Not reported in this filing: Not printed for 2024: the line 'Minority shareholders loan' carries a 2025 amount (333 925) only; the 2024 column is left blank (p12, checked on the page image).
- “Provisions for liabilities and charges” is an issuer-specific line, not mapped to a shared definition: Printed under non-current liabilities (p12).
- “Loan to associate” is an issuer-specific line, not mapped to a shared definition: Non-current; 2024 only, the 2025 cell is blank (p12).
- Not reported in this filing: Not printed for 2025: the line 'Loan to associate' carries a 2024 amount (960 645) only; the 2025 column is left blank (p12, checked on the page image).
Cash flow
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Cash generated from operations | 1,883,621 | 1,483,270 |
| Interest paid1 | (577,612) | (1,120,461) |
| Taxation paid | (172,832) | (191,557) |
| Dividends paid2 | –3 | (34,079) |
| Dividends received from associates4 | 45,043 | 30,264 |
| Net cash inflow from operating activities | 1,178,220 | 167,437 |
| Interest received | 64,112 | 87,133 |
| Acquisition of property, plant and equipment (excludes leased assets) | 390,647 | (448,726) |
| Acquisition of intangible assets** | (99,584) | (17,047) |
| Acquisition of subsidiary net of cash acquired5 | (27,794) | (193,517) |
| Proceeds on disposal of property, plant and equipment** | 26,130 | 20,023 |
| Loan to related party6 | (185,347) | (685,079) |
| Net cash inflow/(outflow) from other investing activities7 | (2,709) | 5 |
| Net cash outflow utilised in investing activities | (615,839) | (1,339,210) |
| Borrowings raised – net8 | 43,354 | 1,615,059 |
| Lease payments9 | (221,981) | (78,006) |
| Utilisation of treasury shares – CGT (gain)10 | (488) | (302) |
| Net cash (outflow)/inflow from financing activities | (179,115) | 1,536,751 |
| Net increase in cash and cash equivalents | 383,266 | 364,978 |
| Cash and cash equivalents at beginning of the period | 808,359 | 566,615 |
| Exchange loss and hyperinflation impact on cash and cash equivalents | 20,533 | (123,234) |
| Cash and cash equivalents at end of the period | 1,212,158 | 808,359 |
| Net cash outflow on disposal of subsidiary11 | Not reported in this filing12 | (102,002) |
- Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
Notes and alternative reported figures (11)
- “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid' within operating activities; whether lease interest is included is not stated.
- “Dividends paid”: mapping to a shared definition is uncertain. Printed within operating activities; 2025 '–', 2024 (34 079) relates to Smiths Manufacturing paid to minority shareholders (statement of changes in equity footnote, p11).
- “Dividends received from associates” is an issuer-specific line, not mapped to a shared definition: Printed within operating activities (p13).
- “Acquisition of subsidiary net of cash acquired” is an issuer-specific line, not mapped to a shared definition: Investing.
- “Loan to related party” is an issuer-specific line, not mapped to a shared definition: Investing.
- “Net cash inflow/(outflow) from other investing activities” is an issuer-specific line, not mapped to a shared definition: Investing.
- “Borrowings raised – net” is an issuer-specific line, not mapped to a shared definition: Financing: borrowings raised net of repayments, one line.
- “Lease payments”: mapping to a shared definition is uncertain. Printed 'Lease payments'; whether the interest portion is included is not stated.
- “Utilisation of treasury shares – CGT (gain)” is an issuer-specific line, not mapped to a shared definition: Financing.
- “Net cash outflow on disposal of subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing; 2024 only (p13).
- Not reported in this filing: Not printed for 2025: the line 'Net cash outflow on disposal of subsidiary' carries a 2024 amount ((102 002)) only; the 2025 column is left blank (p13, checked on the page image).
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.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid |
0printed “–”, read as nil | ZAR thousands | Summary statements, p13 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid |
(34,079) | ZAR thousands | Summary statements, p13 |
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.
-
Summarised Audited Consolidated Annual Results For The Year Ended 31 December 2025
Year ended 31 December 2025 · Published summary of audited statements (summary) · signed / final
Audit: Ernst & Young Inc., unmodified opinion · signed
Auditor's sign-off: Ernst & Young Inc. (firm signature in script, image), Director: Lerato Hannah Sidubi, Registered Auditor
Final status: Ernst & Young Inc.'s 'Independent Auditor's Report on the Summarised Consolidated Financial Statements' (ISA 810 (Revised)) is printed with the summary (PDF p7): opinion that the summary is consistent with the audited consolidated financial statements, signed with the firm's signature 'Ernst & Young Inc.' in script (an image, not text) above the typeset 'Ernst & Young Inc., Director: Lerato Hannah Sidubi, Registered Auditor', dated 10 March 2026 (page image); no individual's handwritten signature is shown. 'Signed on behalf of the Board in Johannesburg on 10 March 2026' with handwritten signatures of TN Mgoduso (Chairperson) and PS O'Flaherty (CEO) (PDF p18, page image).
- Document date
- 10 Mar 2026
- Auditor's report
- 10 Mar 2026
- Board approval
- 10 Mar 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · ZAR thousands (printed “R'000”)
- (1) Cash flow 2025 'Acquisition of property, plant and equipment (excludes leased assets)' is printed '390 647' without brackets (p13, page image), but the investing total (615 839) and the balance-sheet note of capital expenditure on PPE (457 282) show an outflow; kept as printed, so the investing check fails by 781 294 (2 x 390 647). (2) The capital-items breakdown totals (98 519) for 2024 while the face prints 98 519 positive and the 2024 components sum to 260 049 (p8; not transcribed). (3) 2024 loss for the period is printed (4 154 477) in the income statement (p8) and (4 154 476) in the statement of comprehensive income (p10); attributable to equity holders (4 164 431) on p8 and (4 164 432) in the headline earnings calculation (p10). (4) Cash generated from operations 1 883 621 against 1 883 623 from its printed reconciling lines (p13; not transcribed). Kept as printed.
- Assets held for sale (47 390, 2025) are printed after cash and cash equivalents below a rule but are included in the printed current-assets subtotal (p12). Interest paid and dividends paid are printed within operating activities, interest received within investing activities (p13). Per-share figures are in cents.
- Income statement and per-share comparatives are headed 'Audited Represented#': 'Comparative information has been represented to reflect the classification of First Battery Industrial operation and Dynamic batteries as discontinued operations and the separate presentation of capital items' (pp8-10); marked restated.
- Independent Auditor's Report on the Summarised Consolidated Financial Statements, Ernst & Young Inc. (ISA 810 (Revised)): 'In our opinion, the accompanying summarised consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements, as set out in notes of the summarised consolidated financial statements, and the requirements of the Companies Act of South Africa as applicable to summary financial statements.' It also states 'We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 10 March 2026.' Signed Ernst & Young Inc. (script firm signature), Director: Lerato Hannah Sidubi, 10 March 2026, 102 Rivonia, Sandton (p7).
- Summarised consolidated income statement with capital-item and operating-expense disclosures (p8), revenue disaggregation and per-share data (p9), headline earnings and statement of comprehensive income (p10), statement of changes in equity (p11), balance sheet (p12), statement of cash flows (p13), segment information (pp14-15) and selected notes (pp16-18). Condensed lines: distribution, administrative and other operating expenses as one line; no full notes.
Technical details
- File
- 22 pages, with a text layer
- SHA-256
f921aecfe6c37b4cb74e8c3e24caf7ba1f3ea48a21ec272e51f9bbee42b67526- Entity as printed
- METAIR INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) ('Metair' or 'the group' or 'the company') (Reg No. 1948/031013/06); JSE and A2X share code: MTA; ISIN ZAE000090692 (p3)
- Issuer copy
- retrieved 2026-10-08T18:51:12Z
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