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Condensed group statement of changes in equity for the six months ended

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      Issued
share
capital and
premium
Unaudited
R’000
Retained
earnings
Unaudited
R’000
Other
reserves
Unaudited
R’000
Total
ordinary
shareholders’
equity
Unaudited
R’000
  Non- 
controlling 
interest 
Unaudited 
R’000 
  Total
equity
Unaudited
R’000
Balance as at 1 June 2025     7 580 207  2 815 288  (2 835 093) 7 560 402    74 705    7 635 107 
Loss for the period     —   (5 001 364) —  (5 001 364)   169 331    (4 832 033)
Other comprehensive loss     —   —   (1 426) (1 426)   —    (1 426)
Total comprehensive loss     —   (5 001 364) (1 426) (5 002 790)   169 331    (4 833 459)
Acquisition of treasury shares     (57) —  —  (57)      (57)
Equity compensation benefit scheme shares vested     55 076  —  (52 917) 2 159    (2 159)   — 
Equity compensation benefit movement     —  —  7 185  7 185    371    7 556 
Transaction with non-controlling interest (note 6.2)    —  —  (404 773) (404 773) 404 773    — 
Non-controlling interest acquired (note 6.2.1)    —  —  —  —  703 199    703 199 
Non-controlling interest disposed of     —  —  —  —  (1 271 934)   (1 271 934)
Balance as at 30 November 2025     7 635 226  (2 186 076) (3 287 024) 2 162 126  78 286    2 240 412 
                           
Balance as at 1 June 2024     7 562 077  331 045  (2 883 438) 5 009 684    102 456    5 112 140 
Profit for the period      —  395 353  —  395 353    3 569    398 922 
Other comprehensive income     —  —  353  353    —    353 
Total comprehensive income     —  395 353  353  395 706    3 569    399 275 
Acquisition of treasury shares     (662) —  —  (662)   —    (662)
Equity compensation benefit scheme shares vested     32 987  —  (31 467) 1 520    (1 520)   — 
Equity compensation benefit movement     —  —  17 389  17 389    1 028    18 417 
Dividends paid     —  —  —  —    (21 730)   (21 730)
Balance as at 30 November 2024     7 594 402  726 398  (2 897 163) 5 423 637    83 803    5 507 440