v3.26.1
Statement of changes in equity - ZAR (R)
R in Millions
Shareholders' equity
Share capital
Share-based payment reserve
Foreign currency translation reserve
Other reserves
 [1]
Remeasurements on post-retirement benefit obligations
Retained earnings
Non-controlling interests
Total
Balance at beginning of year at Jun. 30, 2023 R 196,904 R 9,888 R 898 R 49,686 R 20 R 706 R 135,706 R 4,620 R 201,524
Other movements (8)   1 (1) (25)   17 9 1
Movement in share-based payment reserve 865   865           865
Share-based payment expense 986   986           986
Deferred tax (121)   (121)           (121)
Long-term incentives vested and settled     (718)       718    
Total comprehensive (loss)/income for the year (47,123)     (2,971) 54 65 (44,271) 10 (47,113)
(loss)/profit (44,271)           (44,271) 26 (44,245)
other comprehensive (loss)/income for the year (2,852)     (2,971) 54 65   (16) (2,868)
Dividends paid (7,633)           (7,633) (217) (7,850)
Balance at end of year at Jun. 30, 2024 143,005 9,888 1,046 46,714 49 771 84,537 4,422 147,427
Other movements (2)           (2)   (2)
Movement in share-based payment reserve 913   913           913
Share-based payment expense 914   914           914
Deferred tax (1)   (1)           (1)
Long-term incentives vested and settled     (691)       691    
Total comprehensive (loss)/income for the year 8,539     1,581 12 179 6,767 967 9,506
(loss)/profit 6,767           6,767 959 7,726
other comprehensive (loss)/income for the year 1,772     1,581 12 179   8 1,780
Dividends paid (28)           (28) (205) (233)
Balance at end of year at Jun. 30, 2025 152,427 9,888 1,268 48,295 61 950 91,965 5,184 157,611
Movement in share-based payment reserve 956   956           956
Share-based payment expense 918   918           918
Deferred tax 38   38           38
Long-term incentives vested and settled     (217)       217    
Transfer to cash-settled liability [2] (275)   (275)           (275)
Transfer of gain realised on payment of cash-settled liability [2]     (468)       468    
Total comprehensive (loss)/income for the year 9,948     (2,250) (69) 118 12,149 2,307 12,255
(loss)/profit 12,149           12,149 2,309 14,458
other comprehensive (loss)/income for the year (2,201)     (2,250) (69) 118   (2) (2,203)
Dividends paid               (513) (513)
Balance at end of year at Jun. 30, 2026 R 163,056 R 9,888 R 1,264 R 46,045 R (8) R 1,068 R 104,799 R 6,978 R 170,034
[1] Includes investment fair value and cash flow hedge reserves.
[2] On 20 August 2025, the Remuneration Committee approved the once-off settlement of the Long-term incentive (LTI) shares vesting on 6 September 2025 through a combination of equity and cash. The fair value of the liability was reclassified from equity to liabilities on modification date for the sell portion of the LTIs that vested on 6 September 2025. The difference between the amount accrued in the share-based payment reserve (based on the share price at grant date while it was still an equity settled share-based payment) and the amount of the cash settled liability paid (based on share price at vesting date), resulted in a gain being realised upon the extinguishment of the liability on 8 September 2025.