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 profit or loss and other comprehensive income for the six months ended

DOWNLOAD EXCEL
   Notes  30 June 2026 
Unaudited 

R'000 
Restated 
30 June 2025 
Unaudited 
R'000 
Revenue  4  3 433 123  2 519 450 
Foreign exchange loss    (10 473) (80 651)
Operating and other expenses    (2 648 987) (1 955 922)
Earnings before interest, taxation, depreciation and amortisation*    773 663  482 877 
Depreciation and amortisation     (90 580) (105 960)
Impairments  10  (15 931) (112 800)
Income from equity accounted investment     6 092  5 171 
Results from operating activities*    673 244  269 288 
Finance income*    28 884  37 187 
Finance expense     (933) (653)
Profit before taxation     701 195  305 822 
Taxation     (189 290) (72 826)
Total comprehensive income for the period     511 905  232 996 
Earnings per share          
Basic earnings per share (cents)    20.5  9.3 
Diluted earnings per share (cents)    20.5  9.3