Merafe Resources Limited –
Unaudited Condensed Consolidated Financial Statements and cash dividend declaration

for the six months ended 30 June 2026

20 26

Delivering today. Investing in tomorrow.

Unaudited condensed consolidated statement of changes in equity for the six months ended

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   30 June 2026  Unaudited 
R'000 
30 June 2025  Unaudited 
R'000 
Balance at the end of the period (issued share capital) 24 991 24 991 
Balance at the end of the period (share premium) 1 263 885 1 263 885 
Balance at the beginning of the period  3 429 932 3 587 239 
Total comprehensive income for the period  511 905  232 996 
Dividends  (199 930) (199 930)
Balance at the end of the period (retained earnings) 3 741 907  3 620 305 
Total equity at the end of the period  5 030 783  4 909 181