v3.26.1
Cash generated by operations
 12 Months Ended
Dec. 31, 2025
Cash Generated By Operations [Abstract]  
Cash generated by operations 33.  Cash generated by operations
Figures in million - SA rand
Notes
2025
2024
2023
Loss for the year
(4,739)
(5,710)
(37,430)
Royalties
11.1
1,145
543
1,050
Carbon tax
—
2
2
Mining and income tax
11.2
4,328
1,496
(2,416)
Interest income
5.1
(1,568)
(1,337)
(1,369)
Finance expense
5.2
5,000
4,571
3,299
Profit/(loss) before interest, royalties, carbon tax and tax
4,166
(435)
(36,864)
Non-cash adjusting items:
Amortisation and depreciation
4
9,367
8,810
10,012
Section 45X credits
4
(5,885)
—
—
Share-based payments
6.6
2,114
251
113
Loss/(gain) on financial instruments
7
2,509
(5,574)
(101)
Foreign currency exchange adjustment
(454)
168
(1,647)
Share of results of equity-accounted investees after tax
(337)
(212)
1,174
Impairments and reversal of impairments
10
14,007
9,173
47,454
Provision for legal settlement cost
29.2
3,607
—
—
Gain on acquisition
—
—
(898)
Gain on remeasurement of previous interest in Kroondal
8.2
—
—
(298)
Onerous contract provision
29.2
(124)
(817)
1,865
Occupational healthcare loss/(gain)
30
49
(76)
(365)
Change in estimate of environmental rehabilitation obligation
477
433
(56)
Settlement of metals borrowings liability
21.2
(7,645)
(4,308)
—
Deferred revenue recognised
31
(4,221)
(1,768)
(1,252)
Cash adjusting items:
Early termination penalty relating to onerous contract provision
29.2
(45)
(665)
—
Payment of settlement of dispute
29.2
(3,565)
—
—
Payment of occupational healthcare liability
30
(35)
(26)
(130)
Other non-cash and cash adjusting items
(293)
(540)
(281)
Total cash generated by operations
13,692
4,414
18,726