Exxaro Resources Limited - Interim Results | Condensed group statement of cash flows


	6 months ended 30 June 2026 Reviewed Rm	6 months ended 30 June 2025 Reviewed Rm	12 months ended 31 December 2025 Audited Rm
Cash flows from operating activities	5 201	4 220	8 380
Cash generated by operations (note 9)	6 123	5 305	10 040
Interest received	598	870	1 680
Interest paid	(725)	(526)	(1 059)
Tax paid	(795)	(1 429)	(2 281)
Cash flows from investing activities	(13 882)	(100)	(1 867)
Property, plant and equipment acquired (note 14)	(2 286)	(1 986)	(5 099)
Intangible assets acquired	(104)	(6)	(33)
Proceeds from disposal of property, plant and equipment			1
Cash received from other financial assets at amortised cost		141	141
ESD loans granted	(19)	(37)	(76)
ESD loans settled	54	51	117
Deposit facilities placed	(100)		(360)
Intervention receivable granted	(27)	(3)	(57)
NCI shareholder loans granted	(3)
Lease receivables settled	7	8	16
Proceeds from disposal of subsidiary			116
Acquisition of subsidiaries net of cash acquired (note 22)	(1 019)
Acquisition of financial assets at FVOCI: listed (note 22)	(1 514)
Acquisition of financial assets at FVOCI: unlisted (note 22)	(1 077)
Acquisition of financial assets at amortised cost (note 22)	(143)
Ntsimbintle Mining asset acquisition:
– Cash and cash equivalents acquired (note 22)	56
– Joint venture acquired (note 22)	(6 788)
– Subsequent settlement of debt acquired (note 22)	(2 466)
Dividends received from equity-accounted investments	1 519	1 732	3 367
Proceeds received on liquidation of foreign associate (note 12)	2
Dividends received from financial assets at FVOCI	26
Cash flows from financing activities	(3 036)	(2 724)	(3 192)
Interest-bearing borrowings raised (note 17)	896	1 289	7 365
Interest-bearing borrowings repaid (note 17)	(424)	(404)	(3 375)
Transaction costs paid on interest-bearing borrowings raised (note 17)		(34)	(57)
Acquisition debt settled1		(180)	(180)
Lease liabilities paid (note 18)	(19)	(31)	(62)
Dividends paid to owners of the parent (note 5)	(2 341)	(2 092)	(4 071)
Dividends paid to NCI BEE Parties	(794)	(700)	(1 382)
Dividends paid to NCI of Tsitsikamma SPV and Amakhala SPV	(17)	(27)	(37)
Shares acquired in the market to settle share-based payments	(337)	(163)	(173)
Shares repurchased including transaction costs		(382)	(1 220)

Net (decrease)/increase in cash and cash equivalents	(11 717)	1 396	3 321
Cash and cash equivalents at beginning of the period	23 690	20 630	20 630
Translation difference on movement in cash and cash equivalents	49	(106)	(261)
Cash and cash equivalents at end of the period	12 022	21 920	23 690
Cash and cash equivalents	12 022	21 920	23 690

6 months

ended

30 June

2026

Reviewed

Rm

6 months

ended

30 June

2025

Reviewed

Rm

12 months

ended

31 December

2025

Audited

Rm

Cash flows from operating activities

5 201

4 220

8 380

Cash generated by operations (note 9)

6 123

5 305

10 040

Interest received

598

870

1 680

Interest paid

(725)

(526)

(1 059)

Tax paid

(795)

(1 429)

(2 281)

Cash flows from investing activities

(13 882)

(100)

(1 867)

Property, plant and equipment acquired (note 14)

(2 286)

(1 986)

(5 099)

Intangible assets acquired

(104)

(6)

(33)

Proceeds from disposal of property, plant and equipment

1

Cash received from other financial assets at amortised cost

141

ESD loans granted

(19)

(37)

(76)

ESD loans settled

54

51

117

Deposit facilities placed

(100)

(360)

Intervention receivable granted

(27)

(3)

(57)

NCI shareholder loans granted

(3)

Lease receivables settled

7

8

16

Proceeds from disposal of subsidiary

116

Acquisition of subsidiaries net of cash acquired (note 22)

(1 019)

Acquisition of financial assets at FVOCI: listed (note 22)

(1 514)

Acquisition of financial assets at FVOCI: unlisted (note 22)

(1 077)

Acquisition of financial assets at amortised cost (note 22)

(143)

Ntsimbintle Mining asset acquisition:

– Cash and cash equivalents acquired (note 22)

56

– Joint venture acquired (note 22)

(6 788)

– Subsequent settlement of debt acquired (note 22)

(2 466)

Dividends received from equity-accounted investments

1 519

1 732

3 367

Proceeds received on liquidation of foreign associate (note 12)

2

Dividends received from financial assets at FVOCI

26

Cash flows from financing activities

(3 036)

(2 724)

(3 192)

Interest-bearing borrowings raised (note 17)

896

1 289

7 365

Interest-bearing borrowings repaid (note 17)

(424)

(404)

(3 375)

Transaction costs paid on interest-bearing borrowings raised (note 17)

(34)

(57)

Acquisition debt settled1

(180)

Lease liabilities paid (note 18)

(19)

(31)

(62)

Dividends paid to owners of the parent (note 5)

(2 341)

(2 092)

(4 071)

Dividends paid to NCI BEE Parties

(794)

(700)

(1 382)

Dividends paid to NCI of Tsitsikamma SPV and Amakhala SPV

(17)

(27)

(37)

Shares acquired in the market to settle share-based payments

(337)

(163)

(173)

Shares repurchased including transaction costs

(382)

(1 220)

Net (decrease)/increase in cash and cash equivalents

(11 717)

1 396

3 321

Cash and cash equivalents at beginning of the period

23 690

20 630

Translation difference on movement in cash and cash equivalents

49

(106)

(261)

Cash and cash equivalents at end of the period

12 022

21 920

23 690

Cash and cash equivalents

12 022

21 920

23 690