Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2025
12.2.1 Accounting policy relating to share capital
Where any company within the Exxaro group of companies purchase Exxaro shares (treasury shares), the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the group’s equity holders until the shares are cancelled or reissued. Where such ordinary shares are subsequently reissued, any consideration received, net of any directly attributable incremental costs and the related income tax effects, is included in equity attributable to the group’s equity holders.
The shares are listed on the JSE, with one vote per share, and shareholders are entitled to dividends declared from time to time.
12.2.2 Share capital
|
Group |
Company |
|||||
|---|---|---|---|---|---|---|
|
At 31 December |
2025 Rm |
2024 Rm |
2025 Rm |
2024 Rm |
||
|
Authorised |
||||||
|
500 000 000 (2024: 500 000 000) ordinary shares of R0.01 each1 |
5 |
5 |
5 |
5 |
||
|
Issued and fully paid |
||||||
|
341 913 674 (2024: 349 305 092) ordinary shares of R0.01 each |
3 |
3 |
3 |
3 |
||
|
Share premium |
11 193 |
11 224 |
11 193 |
11 224 |
||
|
Treasury shares held by Eyesizwe |
(10 242) |
(10 242) |
||||
|
Treasury shares held by Kumba Resources Management Share Trust |
(2) |
(2) |
||||
|
Total share capital |
952 |
983 |
11 196 |
11 227 |
||
|
1 Authorised unissued ordinary shares at year-end (number of shares): |
158 086 326 |
150 694 908 |
||||
|
Company |
|||
|---|---|---|---|
|
Number of shares |
|||
|
At 31 December |
2025 |
2024 |
|
|
Issued ordinary shares |
|||
|
Issued ordinary shares at beginning of the year |
349 305 092 |
349 305 092 |
|
|
Shares repurchased and cancelled during the year |
(7 391 418) |
||
|
Issued ordinary shares at end of the year |
341 913 674 |
349 305 092 |
|
|
Group |
|||
|---|---|---|---|
|
Number of shares |
|||
|
At 31 December |
2025 |
2024 |
|
|
Treasury shares in issue |
|||
|
Held by Eyesizwe |
107 612 026 |
107 612 026 |
|
|
Held by Kumba Resources Management Share Trust |
158 218 |
158 218 |
|
|
Treasury shares in issue at end of the year |
107 770 244 |
107 770 244 |
|
Exxaro’s issued ordinary shares, net of treasury shares were 234 143 430 on 31 December 2025 (2024: 241 534 848).
Refer to the notice of the AGM for resolutions pertaining to the unissued ordinary shares under the control of the directors until the forthcoming AGM.
Exxaro has no unlisted securities.
During 2025, Exxaro embarked on and concluded a share repurchase programme of R1.2 billion. The total number of ordinary shares repurchased was 7 391 418 ordinary shares, representing 2.1% of Exxaro’s issued ordinary shares prior to the share repurchase programme. The ordinary shares were repurchased at an average price of R162.35 per share.
Exxaro had no share repurchase transactions during 2024.