| For the six months ended | ||
| 30 June 2024 Unaudited R'000 |
30 June 2023 Unaudited R'000 |
|
|---|---|---|
| Profit before taxation | 1 003 112 | 1 462 436 |
| Depreciation and amortisation | 168 702 | 115 893 |
| Effect of exchange rate fluctuations | (5 682) | (94 075) |
| Income from equity accounted investment | (10 971) | (9 313) |
| Finance income | (30 460) | (21 572) |
| Finance expense | 679 | 689 |
| Movement in environmental obligations | (11 923) | 8 945 |
| Other non-cash movement | — | 1 658 |
| Profit on sale of property, plant and equipment | (19 395) | — |
| Asset held for sale | 13 098 | — |
| Fair value adjustment on provisionally priced revenue | (40 405) | (14 784) |
| Share grants vested | (15 283) | (10 003) |
| Share-based payment expense | 11 944 | 3 177 |
| Unclaimed dividends for shareholders | — | 1 136 |
| Net realisable value inventory adjustment | 724 | 1 105 |
| Changes in working capital: | ||
| Inventories | 249 251 | (40 159) |
| Trade and other receivables | (247 299) | (355 953) |
| Trade and other payables | (56 650) | (25 007) |
| Cash generated from operating activities | 1 009 442 | 1 024 173 |
| Finance income received | 30 506 | 20 348 |
| Finance cost paid | (1 139) | (1 366) |
| Dividend from associate | — | 785 |
| Taxation paid | (186 967) | (249 363) |
| Net cash generated from operating activities | 851 842 | 794 577 |
| Acquisition of property, plant and equipment — sustaining | (225 955) | (221 703) |
| Acquisition of property, plant and equipment — expansionary | (27 267) | (5 393) |
| Proceeds on disposal of property, plant and equipment | 8 227 | — |
| Movement in other long-term receivable | 199 | — |
| Net cash utilised in investing activities | (244 796) | (227 096) |
| Dividends paid | (549 393) | (324 640) |
| Repayment of capital portion of lease liabilities | (1 901) | (1 883) |
| Net cash utilised in financing activities | (551 294) | (326 523) |
| Total cash movement for the period | 55 752 | 240 958 |
| Cash and cash equivalents at the beginning of the period | 1 655 807 | 1 268 599 |
| Effect of foreign exchange rate changes on cash balances | 5 682 | 94 075 |
| Cash and cash equivalents at the end of 30 June | 1 717 241 | 1 603 632 |
