Notes

Unaudited

six months

ended

30 June

2026

R’000

Re-presented*

Unaudited

six months

ended

30 June

2025

R’000

Audited

year

ended

31 December

2025

R’000

Net cash inflow from operating activities

218 225

316 646

684 903

Cash generated from operations

262 221

457 704

914 799

Net finance income/(cost)

2 670

(16 748)

(23 775)

Dividends paid

(3 900)

(53 384)

(58 493)

Dividends received

180

143

143

Tax and other payments

(42 946)

(71 069)

(147 771)

Net cash outflow from investing activities

(25 741)

(158 392)

(221 758)

Purchase of property and equipment

(25 260)

(48 999)

(96 457)

Purchase of intangible assets

(8 936)

(69 272)

(122 886)

Purchase of Silberstein

(75 627)

(76 147)

Outflow from sale of ADS Group and Wellworx
net of cash

(4 205)

Proceeds from sale of tangible assets

98

2 372

17 026

Proceeds from sale of Demushuwa

35 809

35 809

Proceeds from sale of intangible assets

24 157

Proceeds from disposal of government bonds

8 357

11 152

Purchase of government bonds

(10 207)

Purchase of other financial assets

(2 675)

Net cash outflow from financing activities

(38 009)

(14)

(70 524)

Lease liabilities capital repayment

(37 468)

(35 174)

(78 674)

Proceeds from borrowings

45 000

45 177

Capital settlement of borrowings

(541)

(9 840)

(37 027)

Effect of foreign exchange income/(loss)

6 270

(5 555)

(10 698)

Net increase in cash and cash equivalents

160 745

152 685

381 923

Cash and cash equivalents at beginning of the period

729 719

347 796

347 796

Cash and cash equivalents at end of the period**

3

890 464

500 481

729 719

* The 30 June 2025 Condensed Consolidated Statement of Cash Flows has been re-presented to reflect cash flows from continuing and discontinued operations on a consolidated basis, in accordance with the requirements of IAS 7 Statement of Cash Flows. Previously, cash flows relating to continuing and discontinued operations were presented separately. The re-presentation has no impact on the Group’s net cash flows, cash and cash equivalents, or financial position.
** The Group’s cash and cash equivalents at the end of the period do not agree with the amount in the statement of financial position because of the exclusion of the cash and cash equivalents Held for Sale. (Refer to Note 5 for further details).