XII Results Bearish
NUMERAL LIMITED - SF: Summary of the Audited Financial Statements for the Year Ended 28 February 2026
Numeral Limited
Free preview
What this filing means
Numeral's audited results to February 2026 read like two companies: revenue more than doubled to USD 2.2m, but headline earnings per share collapsed 47% to USD 0.0643 on restated comparatives. Operating profit grew only 13% against a 126% revenue surge — sharp margin compression the short-form filing does not explain. Add a 1-for-10 share consolidation, restated prior-year numbers and a chain of cautionary renewals, and the print leaves the real story hidden.
Bull case
- Revenue more than doubled (+126% to USD 2.2m), signalling strong top-line momentum in the underlying business despite the per-share headwind.
- An unmodified audit opinion from Barnes Associates delivers clean assurance with no qualifications or going-concern flag, de-risking the print.
Bear case
- HEPS collapsed 47% to USD 0.0643 despite revenue more than doubling, signalling acute margin compression where incremental top-line failed to translate into per-share earnings.
View original SENS announcement
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
Unlock the full analysis
Free during launch. Sign in to read the complete breakdown.
- Full bull / bear breakdown
- Decision framework
- Citations & sources
- Price autopsy
More on Numeral Limited
Related filings
More from XII
- NUMERAL LIMITED - Change Statement and Withdrawal of Cautionary Announcement
- NUMERAL LIMITED - Update on Healthcare and Biotech Strategy, Investments and the Finalisation of Audited Results
- NUMERAL LIMITED - Further Extension of Deadline to Release Financial Results and Renewal of Cautionary Announcement
- NUMERAL LIMITED - Extension of Deadline to Release Financial Results and Renewal of Cautionary Announcement
- NUMERAL LIMITED - Update Announcement and Renewal of Cautionary
Other Results
- SLGSALUNGANO GROUP LIMITED - Audited Consolidated Financial Results for the Year ended 31 March 2026
- SKASHUKA MINERALS PLC - Short Form SENS Announcement - Audited Financial Statements for the Year Ended 31 December 2025
- GOLDRUSH HOLDINGS LIMITED - Audited Consolidated Annual Financial Results for the year ended 31 March 2026 and BBBEE Annual Compliance Report
- ARTARGENT INDUSTRIAL LIMITED - Audited results for the year ended 31 March 2026, dividend declaration, notice of AGM, distribution of annual report
- PRXPROSUS N.V - Annual results announcement for the year ended 31 March 2026