Share-Based Payments (Tables)

12 Months Ended

Jun. 30, 2026

Share-based payment arrangements [Abstract]

Explanation of Effect of Share-based Payments on Entity's Profit or Loss

The total cost relating to employee share-based payments is made up as follows:


		SA Rand
	Figures in million	2026		2025	2024
	Katleho ya Moruo ESOP	443		456	112
	Management DSP	311		256	132
	Total share-based payments	754		712	244

Disclosure of Number and Weighted Average Remaining Contractual Life of Outstanding Share Options

Activity on share options


	Number of DS
Activity on DS granted but not exercised	2026		2025
Balance at beginning of year	4 909 956		5 012 332
Options granted	1 125 329		1 984 084
Options exercised	(1 850 273)		(2 014 976)
Options forfeited and lapsed	(91 978)		(71 484)
Balance at end of year	4 093 034		4 909 956


List of options granted but not yet exercised (listed by grant date)	Number of options		Remaining life (years)
As at 30 June 2026
Deferred shares
18 September 2019 – 5 years	16 486		—
18 September 2020 – 5 years	90 172		—
20 September 2021 – 5 years	381 364		0.2
19 September 2022 – 5 years	366 001		1.2
18 September 2023 – 3 years	440 796		0.2
18 September 2023 – 5 years	339 185		2.2
18 September 2024 – 3 years	977 010		1.2
18 September 2024 – 5 years	384 594		3.2
18 September 2025 – 3 years	785 112		2.2
18 September 2025 – 5 years	312 314		4.2
Total options granted but not yet exercised	4 093 034


	2026		2025
18 September 2019 – 5 years
Gain realised by participants on options exercised during the year (R million)	14		7
Weighted average share price at the date of exercise (SA Rand)	301.31		180.19
Remaining life (years)	—		—
18 September 2020 – 5 years
Gain realised by participants on options exercised during the year (R million)	14		9
Weighted average share price at the date of exercise (SA Rand)	274.88		179.30
Remaining life (years)	—		0.2
20 September 2021 – 3 years
Gain realised by participants on options exercised during the year (R million)	—		121
Weighted average share price at the date of exercise (SA Rand)	—		175.17
Remaining life (years)	—		—
20 September 2021 – 5 years
Gain realised by participants on options exercised during the year (R million)	26		22
Weighted average share price at the date of exercise (SA Rand)	263.04		179.01
Remaining life (years)	0.2		1.2
19 September 2022 – 3 years
Gain realised by participants on options exercised during the year (R million)	150		88
Weighted average share price at the date of exercise (SA Rand)	301.31		177.44
Remaining life (years)	—		0.2


19 September 2022 – 5 years
Gain realised by participants on options exercised during the year (R million)	22		16
Weighted average share price at the date of exercise (SA Rand)	301.31		180.25
Remaining life (years)	1.2		2.2
18 September 2023 – 3 years
Gain realised by participants on options exercised during the year (R million)	122		83
Weighted average share price at the date of exercise (SA Rand)	263.04		175.18
Remaining life (years)	0.2		1.2
18 September 2023 – 5 years
Gain realised by participants on options exercised during the year (R million)	15		10
Weighted average share price at the date of exercise (SA Rand)	263.04		179.26
Remaining life (years)	2.2		3.2
18 September 2024 – 3 years
Gain realised by participants on options exercised during the year (R million)	133		—
Weighted average share price at the date of exercise (SA Rand)	263.04		—
Remaining life (years)	1.2		—
18 September 2024 – 5 years
Gain realised by participants on options exercised during the year (R million)	14		—
Weighted average share price at the date of exercise (SA Rand)	263.04		—
Remaining life (years)	3.2		—

34Share-based payments continued

Employee share-based payments continued

Activity on share options


		Number of PU
	Activity on PU granted but not exercised	2026		2025
	Balance at beginning of year	11 148 600		—
	Options granted	490 584		11 851 218
	Options exercised	(394 026)		(483 342)
	Options forfeited and lapsed	(193 890)		(219 276)
	Balance at end of year	11 051 268		11 148 600


		2026		2025
	Gain realised by participants on options exercised during the year (R million)	115		100
	Weighted average share price at the date of exercise (SA Rand)	290.60		207.46
	Remaining life (years)	2.8		3.8