| Group | Company | ||||
Note | 2025 R'000 | 2024 R'000 | 2025 R'000 | 2024 R'000 | |
|---|---|---|---|---|---|
| Cash generated from/(utilised by) operations | 23.1 | 922 956 | 772 149 | (23 678) | (11 859) |
| Interest paid | 23.6 | (58 417) | (49 265) | – | – |
| Income taxes paid | 23.5 | (195 384) | (199 695) | (4 720) | (17 934) |
| Net cash generated from/(utilised by) operating activities | 669 155 | 523 189 | (28 398) | (29 793) | |
| Cash flows from investing activities | |||||
| Acquisition of subsidiaries | – | (5 349) | – | – | |
| Disposal of subsidiaries | (3 268) | – | – | – | |
| Additions to property, plant and equipment | 3 | (184 376) | (92 363) | – | – |
| Additions to intangible assets | 5 | (1 832) | (2 501) | – | – |
| Proceeds from disposal of property, plant and equipment | 23.2 | 9 167 | 6 717 | – | – |
| Acquisition of associated companies | 7 | (108 372) | (70 000) | – | – |
| Loans granted to associated companies | 7 | (17 827) | – | – | – |
| Proceeds from disposal of investment | – | 2 004 | – | – | |
| Investment in fixed deposits | 10 | (169 820) | – | – | – |
| Loans granted to related parties | – | – | (156 821) | (321 423) | |
| Loans repaid from related parties | – | – | 150 747 | 163 550 | |
| Dividends received | 9 983 | 4 433 | 170 264 | 273 736 | |
| Interest received | 23.7 | 96 806 | 79 190 | 1 240 | 1 635 |
| Net cash (outflow)/inflow from investing activities | (369 539) | (77 869) | 165 430 | 117 498 | |
| Cash flows from financing activities | |||||
| Consideration received from share options exercised | 1 422 | 2 432 | 1 422 | 2 432 | |
| Transactions with non-controlling interest | 6 | (4 470) | (2 026) | – | – |
| Dividends paid | (117 033) | (92 963) | (117 033) | (92 963) | |
| Dividends paid to non-controlling interest | (12 553) | (5 878) | – | – | |
| Repayments of borrowings | 23.4 | (6 743 851) | (5 414 586) | – | – |
| Proceeds from borrowings | 23.4 | 6 900 013 | 5 187 392 | – | – |
| Net cash inflow/(outflow) from financing activities | 23 528 | (325 629) | (115 611) | (90 531) | |
| Net increase/(decrease) in cash and cash equivalents | 323 144 | 119 691 | 21 421 | (2 826) | |
| Effects of exchange rate changes on cash and cash equivalents | (37 299) | (13 730) | – | – | |
| Cash and cash equivalents at the beginning of the year | 1 167 943 | 1 061 982 | 135 436 | 138 262 | |
| Cash and cash equivalents at the end of the year | 10 | 1 453 788 | 1 167 943 | 156 857 | 135 436 |
Integrated report 2025