JSE:BRN Income Statement

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	352.98	2,196	6,461	6,137	4,980
Other Revenue	60.76	31.62	68.2	75.69	74.92
Revenue	413.74	2,227	6,529	6,213	5,055
Revenue Growth (YoY)	-81.42%	-65.89%	5.09%	22.91%	6.96%
Cost of Revenue	385.89	2,164	6,074	5,703	4,360
Gross Profit	27.85	63.05	455.1	509.57	695.09
Operating Income	27.85	63.05	455.1	509.57	695.09
Interest Expense	-163.74	-298.06	-466.41	-299.61	-214.05
Interest & Investment Income	19.11	90.9	125.39	18.74	19.8
Earnings From Equity Investments	358.13	433.22	428.33	228.35	256.84
Other Non Operating Income (Expenses)	21.83	62	-5.84	1.01	-351.82
EBT Excluding Unusual Items	263.19	351.11	536.56	458.05	405.86
Gain (Loss) on Sale of Investments	-263.77	96.9	-51.4	-36.39	579.51
Gain (Loss) on Sale of Assets	-	-562.09	-	-	-
Asset Writedown	-	-	14.59	4.33	-5.64
Other Unusual Items	-	-	-	20.44	-10.63
Pretax Income	-0.58	-114.08	499.75	446.43	969.09
Income Tax Expense	-58.93	74.68	77.88	121.92	205.94
Earnings From Continuing Operations	58.35	-188.76	421.87	324.51	763.15
Earnings From Discontinued Operations	-	-	-	-	157.71
Net Income to Company	58.35	-188.76	421.87	324.51	920.86
Minority Interest in Earnings	-14.33	-11.65	-130.61	-134.58	-188.96
Net Income	44.03	-200.41	291.27	189.93	731.9
Net Income to Common	44.03	-200.41	291.27	189.93	731.9
Net Income Growth	-	-	53.35%	-74.05%	-
Shares Outstanding (Basic)	241	243	247	248	250
Shares Outstanding (Diluted)	247	243	250	251	251
Shares Change (YoY)	1.79%	-2.81%	-0.37%	-0.07%	-0.74%
EPS (Basic)	0.18	-0.83	1.18	0.77	2.92
EPS (Diluted)	0.18	-0.83	1.17	0.76	2.92
EPS Growth	-	-	54.03%	-74.04%	-
Free Cash Flow	-23.15	-668.95	-81.92	176.25	333.99
Free Cash Flow Per Share	-0.09	-2.75	-0.33	0.70	1.33
Dividend Per Share	0.420	0.400	0.400	0.330	0.300
Dividend Growth	5.00%	-	21.21%	10.00%	-
Gross Margin	6.73%	2.83%	6.97%	8.20%	13.75%
Operating Margin	6.73%	2.83%	6.97%	8.20%	13.75%
Profit Margin	10.64%	-9.00%	4.46%	3.06%	14.48%
Free Cash Flow Margin	-5.59%	-30.03%	-1.26%	2.84%	6.61%
EBITDA	120.94	156.15	726.77	757.94	925.22
EBITDA Margin	29.23%	7.01%	11.13%	12.20%	18.30%
D&A For EBITDA	93.09	93.09	271.68	248.37	230.13
EBIT	27.85	63.05	455.1	509.57	695.09
EBIT Margin	6.73%	2.83%	6.97%	8.20%	13.75%
Effective Tax Rate	-	-	15.58%	27.31%	21.25%
Revenue as Reported	413.74	2,227	6,529	6,213	5,055

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.