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2025 INTEGRATED ANNUAL REPORT

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About Us

LEVEL UP: EXPANDING THE MAP

About this report Highlights What we do and why we do it Our purpose, vision and mission Our values system Our business model Board of Directors Operating structure Executive Committee Chairman's report Material risks and opportunities Stakeholder relations The RITE strategy

LEVEL UP: EXPANDING THE MAP

Unlocking new opportunities, expanding digital footprints

Expand our distribution channels in banking, retail and independent markets, while investigating new, primarily digital channels.

Add innovative products and services to our portfolio to increase volumes and margins in existing embedded channels.
Strategy and performance

NEW TACTICS, NEW TECH

Joint Chief Executive Officers' report Financial Director's report Ten-year review Value-added statement Operational reviews Leveraging technology Social impact: Human capital Social impact: Customer and supply chain responsibility

NEW TACTICS, NEW TECH

We’ve changed the controller. But we’re still in control.

Deliver world-class customer-centric solutions across our businesses through platform renewal, improvement, innovation and transformation.

Build and improve the competence of our offerings through digitisation and technological innovation.

Maintain agile systems to support our entrepreneurial culture and flexibility that increases our speed to market.
Corporate governance

SECURE SAFE.

Governance philosophy and approach Effective and ethical leadership Board composition, structure and report back King IV functional areas Combined assurance Governance of risk Governance of sustainability Our environmental impact Information and technology governance Compliance report Audit, Risk and Compliance Committee's report Social, Ethics and Transformation Committee's report Remuneration report

SECURE SAFE.

Capitalise on economies of scale with proven technology for accessible, always-on and trusted platforms.

Maintain a customer-centric approach.

Provide exceptional service that is intelligently tailored to the needs of and builds trust with merchants, customers and consumers.
Financial performance

GROUP ANNUAL FINANCIAL STATEMENTS
Non-IFRS information Reasonable assurance report Financial highlights Commentary Prominent notice Statement of Directors’ responsibility Approval of the financial statements Joint Chief Executive Officers and Financial Director responsibility statement on internal financial controls Declaration by the Company Secretary Directors' report Audit, Risk and Compliance Committee's report group Independent auditor's report Group income statement

Group statement of comprehensive income Group statement of financial position Group statement of changes in equity Group statement of cash flows Notes to the Group annual financial statements Annexure A: Shareholder analysis Glossary
COMPANY ANNUAL FINANCIAL STATEMENTS
Directors’ responsibilities and approval Joint Chief Executive Officers and Financial Director responsibility statement on internal financial controls Declaration by the Company Secretary Directors' report

Audit, Risk and Compliance Committee's report company Independent auditor’s report Company statement of financial position Company statement of comprehensive income Company statement of changes in equity Company statement of cash flows Notes to the Company annual financial statements Annexure to the annual financial statements General information
Shareholder info

SPEED BOOST ACTIVATED:

ESG Reporting Index Notice of virtual Annual General Meeting Form of proxy Notes to the form of proxy Glossary Administration

SPEED BOOST ACTIVATED:

Unlocking new territories, expanding digital footprints.

Expand our distribution channels in banking, retail, independent and informal markets, while investigating new, primarily digital channels.

Add innovative products and services to our portfolio to increase volumes and margins in existing embedded channels.

	Issued share capital and premium R'000	Treasury shares R'000	Share-based payment reserve R'000	Accumulated loss R'000	Total equity R'000
Balance as at 1 June 2023	7 686 524	(47 088)	295	(2 944 722)	4 695 009
Loss for the year	—	—	—	(5 930)	(5 930)
Total comprehensive loss	—	—	—	(5 930)	(5 930)
Shares awarded to group companies as part of equity compensation scheme	—	3 606	—	—	3 606
Shares forfeited as part of equity compensation scheme	—	(5 236)	—	—	(5 236)
Balance as at 31 May 2024	7 686 524	(48 718)	295	(2 950 652)	4 687 449
Profit for the year	—	—	—	367 355	367 355
Total comprehensive profit	—	—	—	367 355	367 355
Shares awarded to group companies as part of equity compensation scheme	—	—	—	—	—
Shares forfeited as part of equity compensation scheme	—	(17 903)	—	—	(17 903)
Balance as at 31 May 2025	7 686 524	(66 621)	295	(2 583 297)	5 036 901
Note	9	9