24 | (Increase)/decrease in working capital |
| | | | | | | | | 2026 | | 2025 | | 2024 | | | Rm | | Rm | | Rm | Increase in inventories1 | | (11 436) | | (457) | | (54) | Increase in trade receivables | | (4 711) | | (1 114) | | (3 094) | Increase/(decrease) in trade payables | | 1 423 | | 2 847 | | (1 693) | (Increase)/decrease in working capital | | (14 724) | | 1 276 | | (4 841) |
| 1 | The increase in inventory during the year was primarily attributable to higher inventory values resulting from higher prices in the last quarter, the impact of Prax’s working capital in Natref and higher fuel inventory volumes held at year end. |
Movements exclude non-cash movements and translation effects.
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