Exxaro Resources Limited

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

Chapter 4: Financial statements

4.2.2 Statement of financial position

At 31 December	Note	2025 Rm	2024 Rm

Assets
Non-current assets		14 189	11 670
Property, plant and equipment	10.1.3	111	94
Intangible assets	10.2.3	142	160
Right-of-use assets	11.3	546	203
Investments in subsidiaries	17.4	8 547	8 368
Financial assets	10.3.2	4 684	2 690
Deferred tax	7.5	157	154
Other assets	10.4.1	2	1
Current assets		22 233	19 026
Inventories	6.2.2	2	9
Financial assets	10.3.2	1 433	1 421
Trade and other receivables	6.2.3	242	237
Cash and cash equivalents	6.2.5	20 500	17 300
Current tax receivable		10	15
Other assets	10.4.1	46	44

Total assets		36 422	30 696
Equity and liabilities
Capital and other components of equity
Share capital	12.2.2	11 196	11 227
Other components of equity		146	114
Retained earnings		13 726	540
Total equity		25 068	11 881
Non-current liabilities		4 731	2 808
Interest-bearing borrowings	12.1.3	4 083	2 499
Lease liabilities	11.4	593	256
Provisions	13.3	55	53
Current liabilities		6 623	16 007
Interest-bearing borrowings	12.1.3	423	498
Lease liabilities	11.4	92	86
Trade and other payables	6.2.4	252	216
Financial liabilities	12.1.7	5 639	15 028
Other liabilities	12.1.8	217	179

Total liabilities		11 354	18 815
Total equity and liabilities		36 422	30 696