Resilient REIT Balance Sheet

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
Property, Plant & Equipment	32,784	29,386	28,348	26,799	23,933
Cash & Equivalents	42.8	36.95	64.02	116.42	76.54
Accounts Receivable	12.81	12.82	14.06	20.41	44.74
Other Receivables	153.19	150.13	146.14	126.34	122.42
Investment In Debt and Equity Securities	15.66	139.96	273.44	1,422	1,841
Loans Receivable Current	49.82	-	-	5.29	14.34
Other Current Assets	151.7	65.09	39.55	68.29	1,317
Trading Asset Securities	4.61	12.12	21.64	1.03	13.85
Other Long-Term Assets	8,255	8,253	6,791	4,677	5,067
Total Assets	41,469	38,056	35,698	33,236	32,429
Current Portion of Long-Term Debt	2,696	2,784	4,479	3,189	3,029
Long-Term Debt	11,571	11,107	8,804	9,594	7,076
Accrued Expenses	558.05	540.55	546.27	517.59	493.33
Current Income Taxes Payable	0.03	0.32	2.79	0.03	18.39
Current Unearned Revenue	13.52	13.95	34.26	35.05	-
Other Current Liabilities	73.6	79.46	91.68	66.26	1,442
Long-Term Deferred Tax Liabilities	100.37	159.02	102.83	92.39	107.22
Other Long-Term Liabilities	-	-	1.6	0.23	3.39
Total Liabilities	15,012	14,684	14,062	13,495	12,169
Common Stock	10,502	10,502	10,502	10,661	13,015
Retained Earnings	17,012	13,953	12,298	10,455	9,313
Treasury Stock	-2,265	-2,243	-2,229	-2,194	-2,996
Comprehensive Income & Other	779.1	838.97	1,397	920.07	1,093
Total Common Equity	26,028	23,050	21,968	19,842	20,424
Minority Interest	428.49	320.94	-332.61	-99.97	-164.36
Shareholders' Equity	26,457	23,371	21,636	19,742	20,260
Total Liabilities & Equity	41,469	38,056	35,698	33,236	32,429
Total Debt	14,267	13,891	13,283	12,783	10,104
Net Cash (Debt)	-14,219	-13,842	-13,197	-12,666	-10,014
Net Cash Per Share	-42.43	-41.27	-39.14	-36.03	-27.66
Filing Date Shares Outstanding	333.63	334.01	334.33	340.58	360.97
Total Common Shares Outstanding	333.63	334.01	334.33	340.58	360.97
Book Value Per Share	78.02	69.01	65.71	58.26	56.58
Tangible Book Value	26,028	23,050	21,968	19,842	20,424
Tangible Book Value Per Share	78.02	69.01	65.71	58.26	56.58

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.