Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2025
On 31 October 2025, Exxaro successfully completed the disposal of its entire issued shareholding in FerroAlloys to a consortium consisting of EverSeed, the management of FerroAlloys, and employees of FerroAlloys through an employee share scheme, that is still to be established.
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Group |
Company |
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|---|---|---|---|---|---|---|
|
For the year ended 31 December |
2025 Rm |
2024 Rm |
2025 Rm |
2024 Rm |
||
|
Gain on disposal of subsidiary: FerroAlloys |
32 |
|
169 |
|
||
|
FerroAlloys |
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|---|---|---|---|---|---|---|
|
Group |
Company |
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|
For the year ended 31 December 2025 |
Note |
Rm |
Rm |
|||
|
Net cash consideration received |
116 |
152 |
||||
|
– Cash received |
152 |
152 |
||||
|
– Cash sold |
(36) |
|
||||
|
Total cash consideration receivable |
98 |
98 |
||||
|
– Deferred consideration receivable |
53 |
53 |
||||
|
– Vendor finance loan receivable |
45 |
45 |
||||
|
Total disposal consideration |
214 |
250 |
||||
|
Carrying amount of net assets sold |
(182) |
(81) |
||||
|
Non-current |
(18) |
(81) |
||||
|
– Property, plant and equipment |
(6) |
|
||||
|
– Right-of-use assets |
(4) |
|
||||
|
– Investments in subsidiaries |
|
(81) |
||||
|
– Unrealised profits included in investments in associates |
3 |
|
||||
|
– Deferred tax asset |
(17) |
|
||||
|
– Provisions |
3 |
|
||||
|
– Lease liabilities |
3 |
|
||||
|
Current |
(164) |
|
||||
|
– Inventories |
(134) |
|
||||
|
– Trade and other receivables |
(59) |
|
||||
|
– Other assets |
(1) |
|
||||
|
– Lease liabilities |
2 |
|
||||
|
– Trade and other payables |
19 |
|
||||
|
– Other liabilities |
9 |
|
||||
|
Gain on disposal of subsidiary |
32 |
169 |
||||
|
Tax effect |
(31) |
(31) |
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