Merafe Resources Limited –
Summarised
consolidated
financial statements and cash dividend declaration
for the year ended 31 December 2025
Delivering today. Investing in tomorrow.
| Notes | 31 December 2025 R'000 |
Restated 31 December 2024 R'000 |
|
|---|---|---|---|
| Cash flows from operating activities | |||
| Cash generated from operations* | 6 | 679 466 | 2 034 712 |
| Dividends received from associate | 7 663 | 1 596 | |
| Finance income received | 38 308 | 66 359 | |
| Finance expense paid | (1 970) | (2 164) | |
| Taxation paid | (113 667) | (356 374) | |
| Net cash from operating activities* | 609 800 | 1 744 129 | |
| Cash flows from investing activities | |||
| Acquisition of property, plant and equipment – sustaining | (407 237) | (608 373) | |
| Acquisition of property, plant and equipment – expansionary | (39 280) | (53 819) | |
| Proceeds from sale of property, plant and equipment | 1 100 | 644 | |
| Proceeds from sale of land and mineral rights | – | 7 894 | |
| Other long-term receivable advanced/(paid) | 597 | (3 501) | |
| Movement in balances with Central Treasury* | (8 719) | (128 335) | |
| Net cash from investing activities* | (453 539) | (785 490) | |
| Cash flows from financing activities | |||
| Repayment of capital portion on lease liabilities | (1 150) | (3 186) | |
| Dividends | (300 035) | (1 049 633) | |
| Net cash from financing activities | (301 185) | (1 052 819) | |
| Total cash movement for the year* | (144 924) | (94 180) | |
| Cash at the beginning of the year* | 602 730 | 696 910 | |
| Total cash at the end of the year* | 457 806 | 602 730 |
| * | Restated. Refer to note 13. |
