Mustek discloses ZAR 8 million AI loss for Mustek stock

Published on 10/20/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Business AI shifted toward advisory after customer uptake lagged in fiscal 2026. Mustek stock costs EUR 0.83 on October 20, 2026, with a ZAR 0.375 dividend.

AI strategy and payout

Mustek disclosed an AI venture operating loss of ZAR 8 million on October 19, 2026.
Business AI had three permanent employees during fiscal year 2026.
Mustek stock was trading at EUR 0.83 at 12:46 p.m. CEST at Lang & Schwarz on October 20, 2026.
The final dividend of ZAR 0.375 per share goes ex-dividend on October 21, 2026.

Mustek, ZAE000012373, Illustration mit AI erstellt.

Mustek (ISIN ZAE000012373) stock was trading at EUR 0.83 at Lang & Schwarz on October 20, 2026 at 12:46 p.m. CEST, while its fiscal 2026 payout was ZAR 0.375 per share. The company disclosed an operating loss at its Business AI venture in its integrated report, as MyBroadband reported on October 19, 2026.

AI venture changes direction

Mustek invested ZAR 7 million for a 51 percent stake in Business AI in August 2025, but the investment had reached ZAR 8 million by fiscal year 2026. The venture had three permanent employees and had generated revenue, yet it still posted an operating loss, according to MyBroadband.

Mustek said the market was earlier in its development than expected, with customers still in pilot or proof-of-concept phases. Business AI therefore shifted toward executive education and advisory services rather than pushing an online marketplace.

Three figures shape the timeline

For the year ended June 30, 2026, Mustek reported revenue of ZAR 7.26 billion, up 1.00 percent from ZAR 7.18 billion in fiscal year 2025, according to Listcorp on September 30, 2026. The same announcement showed headline earnings per share of ZAR 2.0458, up 181.30 percent from ZAR 0.7273.

Mustek's revenue mix also carries a margin challenge. Distribution represented 98 percent of fiscal 2026 revenue, while gross profit fell to ZAR 924.9 million and the gross margin declined to 12.70 percent from 13.30 percent, TechCentral reported on September 30, 2026.

What date comes next?

Mustek's final cash dividend has an October 21, 2026 ex-dividend date, followed by a record date of October 23, 2026 and payment on October 26, 2026, according to Listcorp. The payout is 172.70 percent higher than the ZAR 0.1375 dividend declared for fiscal year 2025.

Stock price and operating risk

On the JSE, Mustek was last quoted at ZAc 1,540 at 10:11 a.m. SAST on October 20, 2026. The contrast between higher headline earnings and weaker gross margin leaves the AI venture and cash conversion as important tests for the group's strategy.

Mustek stock was trading at EUR 0.83 at Lang & Schwarz on October 20, 2026 at 12:46 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Mustek stock.