Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2025
|
Group |
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|---|---|---|---|---|---|---|---|---|---|
|
Associates |
Joint ventures |
Total equity-accounted investments |
|||||||
|
At 31 December |
Note |
2025 Rm |
2024 Rm |
2025 Rm |
2024 Rm |
2025 Rm |
2024 Rm |
||
|
Gross carrying amount |
|||||||||
|
At beginning of the year |
19 193 |
18 971 |
2 018 |
1 922 |
21 211 |
20 893 |
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|
Disposal of subsidiary1 |
3 |
|
|
|
3 |
|
|||
|
Net share of results |
4 425 |
4 041 |
69 |
226 |
4 494 |
4 267 |
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|
– Share of income |
4 422 |
4 036 |
66 |
234 |
4 488 |
4 270 |
|||
|
– Elimination of movement in unrealised profit |
3 |
5 |
3 |
(8) |
6 |
(3) |
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|
Dividends received2 |
(3 267) |
(3 741) |
(100) |
(130) |
(3 367) |
(3 871) |
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|
Share of movement in reserves |
(134) |
(78) |
|
|
(134) |
(78) |
|||
|
At end of the year |
20 220 |
19 193 |
1 987 |
2 018 |
22 207 |
21 211 |
|||
|
Accumulated impairment |
|||||||||
|
At beginning of the year |
(615) |
(615) |
(615) |
(615) |
|||||
|
At end of the year3 |
(615) |
(615) |
(615) |
(615) |
|||||
|
Net carrying amount at end of the year |
19 605 |
18 578 |
1 987 |
2 018 |
21 592 |
20 596 |
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1 Relates to unrealised profits that realised as part of the FerroAlloys disposal.
2 Relates to: SIOC of R3 267 million (2024: R3 741 million) and Mafube of R100 million (2024: R130 million).
3 Accumulated impairments relate to: GAM R58 million, Insect Technology R504 million and LightApp R53 million.