2025

Merafe Resources Limited
Unaudited Condensed Consolidated Financial Statements and cash dividend declaration
for the six months ended 30 June 2025

Delivering today. Investing in tomorrow.

Unaudited condensed consolidated statement of profit or loss and other comprehensive income

for the six months ended

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Notes 
30 June 2025 Unaudited
R'000 
30 June 2024 Unaudited
R'000 
Revenue  4  2 519 450  4 744 334 
Foreign exchange loss    (80 651) (12 864)
Other expenses    (1 939 167) (3 600 408)
Earnings before interest, taxation, depreciation and amortisation    499 632  1 131 062 
Depreciation and amortisation    (105 960) (168 702)
Impairments  10  (112 800) – 
Income from equity-accounted investment    5 171  10 971 
Results from operating activities    286 043  973 331 
Finance income    20 432  30 460 
Finance expense    (653) (679)
Profit before taxation    305 822  1 003 112 
Taxation    (72 826) (283 525)
Total comprehensive income for the period     232 996  719 587 
Earnings per share       
Basic earnings per share (cents)   9.3  28.8 
Diluted earnings per share (cents)   9.3  28.8