Cash Generated by Operations (Tables)

12 Months Ended

Jun. 30, 2026

Cash Generated By Operations [Abstract]

Disclosure of Cash Generated by Operations


	SA Rand
Figures in million	2026		2025 Restated1	2024 Restated1
Reconciliation of profit before taxation to cash generated by operations
Profit before taxation1	38 358		21 179	11 238
Adjustments for:
Amortisation and depreciation1	7 336		4 979	4 746
Impairment/(reversal of impairment) of assets	(2 779)		—	2 793
Share-based payments	758		699	250
Net decrease in provision for post-retirement benefits	—		(3)	(16)
Payment for the transfer of post-retirement medical benefit liability	—		(350)	—
Net increase/(decrease) in provision for environmental rehabilitation	(12)		140	(114)
(Profit)/loss on sale of property, plant and equipment	75		(8)	13
Loss on scrapping of property, plant and equipment	116		164	97
Profit from associates	(159)		(106)	(81)
Impairment loss/(reversal) on investments in associate	(23)		23	—
Investment income	(1 439)		(1 504)	(809)
Finance costs	1 928		698	796
Inventory-related adjustments	(649)		(141)	(503)
Foreign exchange translation differences	(1 170)		(11)	(110)
Non-cash portion of (gains)/losses on derivatives	(149)		463	(432)
Net day one gain included in revenue	(102)		(116)	(16)
Fair value movements on streaming arrangements	854		—	—
Streaming contract revenue	—		(86)	(323)
Silicosis settlement provision – net	(28)		(14)	(327)
Contingent consideration remeasurement	634		830	484
Copper warrants delivered	(125)		—	—
Silver credits delivered	(232)		—	—
Other non-cash adjustments	34		33	37
Effect of changes in operating working capital items
Increase in Receivables	(1 879)		(1 242)	(258)
Increase in Inventories	(280)		(273)	(50)
Increase in Payables1	1 196		968	760
Cash generated by operations	42 263		26 322	18 175

1Refer to note 38 for further detail on restatement.