v3.26.3
EMPLOYEE BENEFITS (Tables)
12 Months Ended
Jun. 30, 2026
Classes of employee benefits expense [abstract]  
Share-based payment expense - ELTI and DSP schemes
Amounts in R million
Note
2026
2025
2024
Share-based payment expense – ELTI scheme
21.3
30.1
26.4
Share-based payment expense – DSP scheme
20.4
—
—
Total share-based payment expense
5.2
41.7
30.1
26.4
Percentage of performance shares vesting
Percentile of peers
% of performance shares vesting
< 25th percentile
0%
25th to < 50th percentile
25%
50th to < 75th percentile
75%
≥ 75th percentile
100%
TSR performance in relation to percentiles of peer groups performance
Reconciliation of the number of conditional
shares
2026
2025
Number of
Shares
Volume
weighted
average price
R per share
Number of
Shares
Volume
weighted
average price
R per share
Opening balance
10,132,081
10,506,564
Granted – 20 October 2024
—
2,816,040
Vested1
(3,235,335)
45.55
(936,779)
22.07
Forfeited
(646,624)
(67,931)
Expired1
(1,386,573)
(2,185,813)
Closing balance
4,863,549
10,132,081
—
Vesting on
4,863,549
10,132,081
19 October 2025
—
4,621,908
25 October 2026
2,358,286
2,694,133
22 October 2027
2,505,263
2,816,040
170% of the total grant vested as a result of performance conditions being met, with the balance having expired (2025: 30% vested). The
settlement of the vesting was made through a combination of 2,153,302 treasury shares and 1,082,033 new share issue on 20 October
2025.
Monte Carlo simulation pricing model and key inputs
Grant date
22 October 2024
25 October 2023
Vesting date
22 October 2027
25 October 2026
Weighted average fair value of 80% performance shares1
15.09
7.72
Weighted average fair value of 20% retention shares
21.18
16.24
Expected term (years)
3
3
Grant date share price of a DRDGOLD share
21.81
16.89
Expected dividend yield
0.98%
1.30%
Expected volatility2
42.12%
44.55%
Expected risk free rate
7.42%
8.27%
1The performance conditions are included in the measurement of the grant date fair value as they are classified as market-based
performance conditions.
2Expected volatility has been based on an evaluation of the historical volatility of DRDGOLD’s share price, commensurate with the expected
term of the options.
Schedule of DSP share scheme
Reconciliation of the number of deferred shares
2026
Number of Shares
Weighted average
price
R per share
Opening balance
—
Granted – 13 August 2025
1,726,955
27.42
Forfeited
(163,322)
Closing balance
1,563,633
Vesting on
1,563,633
13 August 2026
462,165
13 August 2027
462,165
13 August 2028
462,165
13 August 2029
88,569
13 August 2030
88,569
Key management personnel remuneration
Key management personnel remuneration
Amounts in R million
Note
2026
2025
2024
Board fees paid
7.6
7.8
7.9
Salaries paid
124.5
104.9
93.2
Short term incentives relating to this cycle
110.3
98.2
94.0
Share-based payment expense
18.1
41.7
30.1
26.4
284.1
241.0
221.5