v3.26.1
Lease liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Lease liabilities [abstract]  
Summary of lease liabilities
Figures in million - SA rand
Note
2025
2024
2023
Balance at beginning of the year
378
582
319
New leases and modifications
508
25
144
Lease liabilities on acquisition of subsidiaries
3
315
Repayment of lease liabilities (including interest)
(267)
(244)
(263)
Interest charge
5.2
39
34
43
Foreign currency translation
(11)
(22)
24
Balance at end of the year
647
378
582
Current portion of lease liabilities
(166)
(175)
(198)
Non-current lease liabilities
481
203
384
Schedule of lease payments expensed Lease payments not recognised as a liability but expensed during the year
Figures in million - SA rand
2025
2024
2023
Short-term leases
98
179
69
Leases of low value assets
33
55
48
Variable lease payments
321
235
248
Total
452
469
365
Schedule of lease maturities The lease liabilities are secured by the related underlying assets. The undiscounted maturity analysis of lease liabilities at 31 December is as
follows:
Figures in million - SA rand
Total
Within one
year
Between one
and five years
After five years
Contractual undiscounted cash flows — 2025
806
217
296
293
Contractual undiscounted cash flows — 2024
422
190
149
83
Contractual undiscounted cash flows — 2023
625
221
330
74