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Merafe Resources Limited Unaudited Condensed Consolidated Financial Statements and
Cash Dividend Declaration For The Six Months Ended 30 June 2023

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    • Condensed consolidated statement of financial position
    • Condensed consolidated statement of profit or loss and other comprehensive income
    • Condensed consolidated statement of changes in equity
    • Condensed consolidated statement of cash flows
    • Notes to the unaudited condensed consolidated financial statements
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CEO COMMENTARY ON RESULTS

Merafe achieved a profit of R1 049 million for the six months ended 30 June 2023, this is as a result of higher realised chrome ore prices and a weaker ZAR:USD exchange rate. These were somewhat offset by lower ferrochrome prices and sales volumes, as well as higher costs of ferrochrome production.

Commentary

CEO COMMENTARY ON RESULTS

Financial performance

2023 half year in review Commentary CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Administration
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MERAFE RESOURCES LIMITED UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND CASH DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 30 JUNE 2023