Condensed Consolidated Statement of Financial Position

	Notes	Unaudited at 30 June 2026 R’000	Unaudited at 30 June 2025 R’000	Audited at 31 December 2025 R’000
ASSETS
Non-current assets		2 044 871	3 617 900	2 085 668
Property and equipment		329 867	341 032	315 683
Right-of-use asset		65 203	117 351	89 884
Land and buildings		336 350	341 383	339 501
Investment property		11 670	12 500	11 670
Goodwill	1	69 920	1 108 499	69 920
Intangible assets	1	934 277	1 392 757	977 715
Other financial assets		94	22 885	94
Insurance contract assets	4	87 698	81 791	83 344
Investments in associates and joint ventures		14 206	8 122	12 922
Receivable – Sanlam Restricted Share Plan		13 885	10 812	14 360
Receivable – Sanlam Performance Deferred Share Plan		46 977	51 883	46 977
Deferred payment assets		–	3 890	3 890
Deferred tax assets		134 724	124 995	119 708
Current assets		1 349 760	1 806 861	1 528 763
Trade and other receivables		510 537	711 798	521 082
Other financial assets		14 094	–	19 473
Inventory		87 826	412 047	107 305
Current tax asset		26 351	199 837	273 544
Cash and cash equivalents	3	710 952	483 179	607 359
Assets Held for Sale	5	592 174	24 600	566 023
Total assets		3 986 805	5 449 361	4 180 454
EQUITY AND LIABILITIES
Capital and reserves		1 975 646	3 289 874	1 902 784
Issued ordinary share capital*		8 211	8 180	8 211
Share premium*		2 553 665	2 549 477	2 553 665
Share-based award reserve		6 698	20 657	5 948
Treasury shares		(1 162)	(1 162)	(1 162)
Foreign currency translation reserve		(523)	(1 648)	(6 793)
Distributable reserves		(591 243)	714 370	(657 085)
Non-controlling interest		41 277	39 940	40 225
Total equity		2 016 923	3 329 814	1 943 009
Non-current liabilities		853 932	911 865	880 282
Lease liability		62 163	74 269	58 836
Deferred tax liabilities		213 251	253 902	245 669
Post-employment medical obligations		1 658	1 631	1 658
Borrowings	2	576 860	582 063	574 119
Current liabilities		1 028 301	1 196 176	1 265 387
Provisions		11 673	10 465	15 053
Borrowings	2	49 844	72 186	53 126
Trade and other payables		659 262	758 595	712 248
Current tax liabilities		40 998	134 813	230 207
Lease liability		68 296	69 982	57 611
Employment benefit provisions		195 750	140 968	194 605
Sanlam Performance Deferred shares – IFRS 2 Liability		2 478	9 167	2 537
Liabilities Held for Sale	5	87 649	11 506	91 776
Total liabilities		1 969 882	2 119 547	2 237 445
Total equity and liabilities		3 986 805	5 449 361	4 180 454

The classification between ordinary share capital and share premium effective 31 December 2024 was corrected to ensure alignment between the number of shares issued and the par value of 1 cent per share. As a result, an amount of R13 million was reclassified between share premium and ordinary share capital. This adjustment had no impact on total equity, as it represented a reallocation within equity balances only.