Valterra Platinum Balance Sheet

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	28,146	16,602	25,423	24,353	29,593	51,483
Cash & Short-Term Investments	28,146	16,602	25,423	24,353	29,593	51,483
Cash Growth	69.53%	-34.70%	4.39%	-17.71%	-42.52%	157.53%
Accounts Receivable	4,460	4,095	2,496	2,318	2,890	1,909
Other Receivables	101	2,349	3,943	2,456	3,056	3,050
Receivables	4,561	6,444	6,439	4,774	5,946	4,959
Inventory	27,374	28,087	24,759	36,279	48,934	37,569
Prepaid Expenses	-	772	1,094	1,072	1,035	618
Other Current Assets	4,740	785	695	3,105	4,202	8,039
Total Current Assets	64,821	52,690	58,410	69,583	89,710	102,668
Property, Plant & Equipment	111,937	108,867	102,216	92,498	79,165	66,486
Long-Term Investments	1,735	1,604	2,738	4,218	3,844	3,649
Goodwill	397	397	397	397	397	397
Long-Term Accounts Receivable	697	711	-	-	-	-
Long-Term Deferred Tax Assets	68	68	77	70	54	53
Other Long-Term Assets	6,564	6,333	7,105	2,449	3,744	6,896
Total Assets	186,219	170,670	170,943	169,215	176,914	180,149
Accounts Payable	15,977	15,496	16,523	18,552	21,750	19,237
Accrued Expenses	4,825	4,460	2,053	1,997	3,844	2,023
Current Portion of Long-Term Debt	378	4,046	6,003	7,117	55	50
Current Portion of Leases	317	837	2,119	149	103	151
Current Income Taxes Payable	1,891	848	164	511	1,590	160
Current Unearned Revenue	16,937	12,812	11,949	11,250	23,014	26,247
Other Current Liabilities	5,712	6,375	6,290	7,363	7,701	8,600
Total Current Liabilities	46,037	44,874	45,101	46,939	58,057	56,468
Long-Term Debt	1,622	-	-	-	27	81
Long-Term Leases	1,006	384	535	365	273	330
Pension & Post-Retirement Benefits	-	-	11	11	11	11
Long-Term Deferred Tax Liabilities	25,684	23,622	20,645	19,131	17,138	15,648
Other Long-Term Liabilities	2,869	2,847	2,538	2,734	4,446	5,261
Total Liabilities	77,218	71,727	68,830	69,180	79,952	77,799
Common Stock	26	26	26	26	26	26
Additional Paid-In Capital	21,947	22,235	22,407	22,744	22,784	22,782
Retained Earnings	81,299	70,923	72,120	70,461	69,488	74,942
Comprehensive Income & Other	5,305	5,362	7,186	6,381	4,478	4,463
Total Common Equity	108,577	98,546	101,739	99,612	96,776	102,213
Minority Interest	424	397	374	423	186	137
Shareholders' Equity	109,001	98,943	102,113	100,035	96,962	102,350
Total Liabilities & Equity	186,219	170,670	170,943	169,215	176,914	180,149
Total Debt	3,323	5,267	8,657	7,631	458	612
Net Cash (Debt)	24,823	11,335	16,766	16,722	29,135	50,871
Net Cash Growth	118.99%	-32.39%	0.26%	-42.60%	-42.73%	165.67%
Net Cash Per Share	93.98	42.95	63.61	63.43	110.54	193.08
Filing Date Shares Outstanding	262.5	262.56	262.79	263.22	263.3	263.16
Total Common Shares Outstanding	262.5	262.56	262.79	263.22	263.3	263.16
Working Capital	18,784	7,816	13,309	22,644	31,653	46,200
Book Value Per Share	413.63	375.32	387.15	378.43	367.56	388.41
Tangible Book Value	108,180	98,149	101,342	99,215	96,379	101,816
Tangible Book Value Per Share	412.11	373.81	385.64	376.92	366.05	386.90
Land	-	7,490	7,159	7,052	6,830	6,602
Machinery	-	61,348	58,360	51,529	45,786	43,421
Construction In Progress	-	28,602	25,954	24,435	19,940	14,319