GROUP STATEMENT OF FINANCIAL POSITION as at 31 May 2026

	Notes	2026 R'000	2025 R'000
ASSETS
NON-CURRENT ASSETS		6 123 822	6 570 672
Property, plant and equipment	4.3	144 955	159 767
Right-of-use assets	4.4	24 214	38 919
Intangible assets	4.2	446 182	1 509 855
Goodwill	4.1	181 415	717 475
Investments in associates and joint ventures	2.1.1	4 969 349	1 809 287
Loans to associates and joint ventures	2.1.1	–	1 302 614
Loans receivable	3.3.1	98 251	46 536
Advances to customers	3.3.3	–	653 146
Financial assets at fair value through profit or loss	3.5	–	128 521
Deferred taxation assets	7.2	259 456	204 552
CURRENT ASSETS		6 904 196	13 199 224
Loans to associates and joint ventures	2.1.1	3 467	1 947 148
Inventories	4.5	1 305 787	4 665 220
Loans receivable	3.3.1	92 162	57 240
Trade and other receivables	3.3.2	3 075 527	4 300 696
Advances to customers	3.3.3	–	990 621
Financial assets at fair value through profit or loss	3.5	–	411 074
Current tax assets		25 419	5 121
Cash and cash equivalents	3.3.4	964 739	822 104
Assets classified as held for sale	8	1 437 095	–

TOTAL ASSETS		13 028 018	19 769 896
EQUITY AND LIABILITIES
Capital and reserves		1 991 240	7 635 107
Issued share capital and premium		7 635 226	7 580 207
Other reserves	6.2	(3 285 315)	(2 835 093)
Retained earnings		(2 465 106)	2 815 288
Total ordinary shareholders' equity		1 884 805	7 560 402
Non-controlling interest		106 435	74 705
NON–CURRENT LIABILITIES		4 771 091	3 246 384
Deferred taxation liabilities	7.2	18 946	223 348
Non-current lease liability	3.7	19 527	36 551
Financial liabilities at fair value through profit or loss	3.5	140 000	242 637
Borrowings	3.4.2	4 592 618	2 743 848
CURRENT LIABILITIES		6 265 687	8 888 405
Trade and other payables	3.4.1	5 921 677	5 974 889
Deferred revenue	4.6	254 925	173 436
Lease liability	3.7	11 821	10 393
Current tax liabilities		1 813	21 228
Borrowings	3.4.2	75 430	2 707 628
Bank overdraft	3.3.4	21	831

TOTAL EQUITY AND LIABILITIES		13 028 018	19 769 896