Exxaro Resources Limited

Group and company annual financial statements for the year ended 31 December 2025

Chapter 4: Financial statements

4.1.2 Statement of financial position

At 31 December	Note	2025 Rm	2024 Rm

Assets
Non-current assets		70 547	66 799
Property, plant and equipment	10.1.3	39 667	37 292
Intangible assets	10.2.3	2 613	2 598
Right-of-use assets	11.3	626	281
Equity-accounted investments	9.4	21 592	20 596
Financial assets	10.3.2	5 015	5 266
Deferred tax	7.5	388	197
Other assets	10.4.1	646	569
Current assets		32 663	27 917
Inventories	6.2.2	2 790	2 427
Financial assets	10.3.2	1 259	159
Trade and other receivables	6.2.3	4 283	4 230
Cash and cash equivalents	6.2.5	23 690	20 630
Current tax receivables		86	15
Other assets	10.4.1	555	456

Total assets		103 210	94 716
Equity and liabilities
Capital and other components of equity
Share capital	12.2.2	952	983
Other components of equity		834	1 119
Retained earnings		54 189	51 885
Equity attributable to owners of the parent		55 975	53 987
Non-controlling interests	17.7.1	15 275	14 563
Total equity		71 250	68 550
Non-current liabilities		25 555	20 351
Interest-bearing borrowings	12.1.3	11 259	7 344
Lease liabilities	11.4	675	334
Other payables	6.2.4	11	40
Provisions	13.3	3 681	3 359
Retirement employee obligations	14.4	191	181
Financial liabilities	12.1.7	398	129
Deferred tax	7.5	9 301	8 926
Other liabilities	12.1.8	39	38
Current liabilities		6 405	5 815
Interest-bearing borrowings	12.1.3	938	876
Lease liabilities	11.4	104	96
Trade and other payables	6.2.4	3 897	3 351
Provisions	13.3	355	282
Financial liabilities	12.1.7	22	22
Current tax payables		77	214
Other liabilities	12.1.8	1 012	974

Total liabilities		31 960	26 166
Total equity and liabilities		103 210	94 716