Thungela Resources 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
Cash & Equivalents	6,071	10,103	10,959	15,299	8,736
Short-Term Investments	66	18	24	31	31
Cash & Short-Term Investments	6,137	10,121	10,983	15,330	8,767
Cash Growth	-39.36%	-7.85%	-28.36%	74.86%	4419.07%
Accounts Receivable	4,088	4,977	4,284	3,215	2,982
Other Receivables	57	235	298	1,923	1,384
Receivables	4,145	5,212	4,582	5,138	4,366
Inventory	3,079	3,444	4,011	3,181	2,546
Other Current Assets	508	-	66	149	695
Total Current Assets	13,869	18,777	19,642	23,798	16,374
Property, Plant & Equipment	12,121	19,722	19,477	10,656	10,568
Long-Term Investments	2,916	2,458	1,132	798	386
Goodwill	-	-	-	8	8
Other Intangible Assets	134	300	313	74	110
Long-Term Accounts Receivable	617	229	194	1	-
Long-Term Deferred Tax Assets	1,183	770	471	503	378
Other Long-Term Assets	6,945	5,821	5,257	4,737	3,461
Total Assets	37,785	48,077	46,486	40,575	31,285
Accounts Payable	6,414	2,696	3,287	2,089	1,713
Accrued Expenses	378	3,305	3,576	2,254	1,881
Current Portion of Long-Term Debt	-	-	66	60	63
Current Portion of Leases	37	31	34	31	29
Current Income Taxes Payable	190	482	102	25	278
Current Unearned Revenue	-	125	191	23	25
Other Current Liabilities	1,020	1,559	1,431	867	272
Total Current Liabilities	8,039	8,198	8,687	5,349	4,261
Long-Term Leases	49	19	32	62	92
Pension & Post-Retirement Benefits	447	400	399	405	449
Long-Term Deferred Tax Liabilities	495	1,567	1,637	1,421	1,400
Other Long-Term Liabilities	12,577	11,789	11,135	7,179	6,609
Total Liabilities	21,607	21,973	21,890	14,416	12,811
Common Stock	11,323	11,323	11,323	11,323	10,041
Additional Paid-In Capital	965	965	965	965	965
Retained Earnings	2,824	11,449	9,686	11,453	3,039
Treasury Stock	-1,539	-980	-493	-302	-183
Comprehensive Income & Other	2,439	2,803	3,128	2,834	2,711
Total Common Equity	16,012	25,560	24,609	26,273	16,573
Minority Interest	166	544	-13	-114	1,901
Shareholders' Equity	16,178	26,104	24,596	26,159	18,474
Total Liabilities & Equity	37,785	48,077	46,486	40,575	31,285
Total Debt	86	50	132	153	184
Net Cash (Debt)	6,051	10,071	10,851	15,177	8,583
Net Cash Growth	-39.92%	-7.19%	-28.50%	76.83%	-
Net Cash Per Share	46.67	74.09	77.62	111.56	81.27
Filing Date Shares Outstanding	126.78	133.57	136.9	137.55	133.6
Total Common Shares Outstanding	126.78	133.57	136.9	137.55	133.6
Working Capital	5,830	10,579	10,955	18,449	12,113
Book Value Per Share	126.29	191.37	179.76	191.01	124.05
Tangible Book Value	15,878	25,260	24,296	26,191	16,455
Tangible Book Value Per Share	125.24	189.12	177.47	190.41	123.17
Land	2,911	2,764	2,703	1,356	1,305
Machinery	36,824	30,894	30,502	26,891	25,577
Construction In Progress	3,755	9,253	7,214	5,369	5,606

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