Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Minergy
On this page
Company details
- Legal name
- Minergy Limited
- Listing
- MINERGY on the Botswana Stock Exchange, active (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 June
Overview
Year ended 30 June 2024 · annual report, signed / final · source
Read with these figures
- Going-concern warning. The auditor's report for the year ended 30 June 2024 states a material uncertainty about whether the company can continue as a going concern.
Full wording and sources
Auditor's report, year to 2024-06-30: material uncertainty related to going concern
Material Uncertainty Related to Going concern: We draw attention to note 32 in the annual financial statements, which indicates that the group incurred a total comprehensive loss for the year ended 30 June 2024 of P188 439 112 (2023: P138 843 206) and, as of that date, the group had accumulated losses of P703 703 191 (2023: P515 264 079) and its net liabilities exceeded its net assets by P479 391 785 (2023: P 318 624 602). As stated in note 32, these events or conditions, along with other matters as set forth in note 32, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Source: Minergy Integrated Annual Report 2024, p74 (dated 2024-09-20)
-
Revenue
BWP 97.2 million
97,189,475 BWP units · p77
−81.0% vs 2023
-
Operating profit / (loss)
−BWP 69.6 million
(69,614,297) BWP units · p77
Change not shown.
-
Profit / (loss) for the year
−BWP 188 million
(188,439,112) BWP units · p77
Change not shown.
-
Total assets
BWP 824 million
824,137,459 BWP units · p77
−6.5% vs 2023
-
Total equity
−BWP 479 million
(479,391,785) BWP units · p77
Change not shown.
-
Cash from operations
−BWP 185 million
(185,287,513) BWP units · p78
Change not shown.
Large amounts are rounded for reading (BWP million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Not shown: the prior-year figure is zero or negative.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in BWP units unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY to 30 Jun 2024 — annual report, signed / final; reported for the year · source
- FY to 30 Jun 2023 — annual report, signed / final; comparative in the FY to 30 Jun 2024 filing · source
Income statement
| Line (as printed) | FY to 30 Jun 2024Annual reportreported for the year | FY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing |
|---|---|---|
| Revenue | 97,189,475 | 512,540,399 |
| Cost of sales | (202,329,199) | (558,665,431) |
| Gross loss | (105,139,724) | (46,125,032) |
| Other income | 48,730,402 | 16,089,302 |
| Operating expenses | (13,204,975) | (22,154,346) |
| Operating loss | (69,614,297) | (52,190,076) |
| Finance income | 57,155 | 232,500 |
| Finance costs | (169,700,183) | (124,230,507) |
| (Loss)/profit before income tax | (239,257,325) | (176,188,083) |
| Income tax credit/(charge) | 50,818,213 | 37,344,877 |
| (Loss)/profit for the year | (188,439,112) | (138,843,206) |
| Other comprehensive income for the year | –1 | –1 |
| Total comprehensive (loss)/profit for the year | (188,439,112) | (138,843,206) |
- Printed “—”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Balance sheet
| Line (as printed) | FY to 30 Jun 2024Annual reportreported for the year | FY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing |
|---|---|---|
| Property, plant and equipment | 471,828,271 | 547,862,810 |
| Investment in subsidiaries1 | –2 | –2 |
| Deferred tax asset | 195,625,830 | 144,807,616 |
| Non-current assets (unlabelled subtotal) | 667,454,101 | 692,670,426 |
| Inventories | 126,369,239 | 118,604,878 |
| Trade and other receivables | 27,955,013 | 57,243,499 |
| Cash and cash equivalents | 2,359,106 | 13,188,532 |
| Current assets (unlabelled subtotal) | 156,683,358 | 189,036,909 |
| Total assets | 824,137,459 | 881,707,335 |
| Stated capital | 165,563,026 | 165,563,026 |
| Accumulated (loss)/profit | (703,703,191) | (515,264,079) |
| Other reserves | 58,748,380 | 31,076,451 |
| Equity attributable to owners of the parent | (479,391,785) | (318,624,602) |
| Total equity | (479,391,785) | (318,624,602) |
| Rehabilitation provision | 170,997,476 | 243,583,293 |
| Borrowings | 953,754,363 | 547,660,176 |
| Non-current liabilities (unlabelled subtotal) | 1,124,751,839 | 791,243,469 |
| Borrowings | 78,922,917 | 181,343,476 |
| Trade and other payables | 97,690,953 | 225,581,457 |
| Current tax liabilities | 2,163,535 | 2,163,535 |
| Current liabilities (unlabelled subtotal) | 178,777,405 | 409,088,468 |
| Total liabilities | 1,303,529,244 | 1,200,331,937 |
| Total equity and liabilities | 824,137,459 | 881,707,335 |
- Printed “—”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (1)
- “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 5: a Company-only line; the Group columns print dashes.
Cash flow
| Line (as printed) | FY to 30 Jun 2024Annual reportreported for the year | FY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing |
|---|---|---|
| Cash generated from/(utilised in) operations | (179,806,777) | 4,819,752 |
| Finance costs paid1 | (5,480,736) | (9,690,463) |
| Tax paid | –2 | (815,581) |
| Net cash (used in)/generated from operating activities | (185,287,513) | (5,686,292) |
| Purchase of property, plant and equipment | (17,412,905) | (39,077,105) |
| Proceeds from disposal of property, plant and equipment | 18,292 | –3 |
| (Increase)/decrease in investment in subsidiary4 | –3 | –3 |
| Finance income | 57,155 | 232,500 |
| Net cash (utilised in)/generated from investing activities | (17,337,458) | (38,844,605) |
| Proceeds from borrowings | 379,000,000 | 63,832,275 |
| Repayment of borrowings | (187,204,455) | (15,269,168) |
| Net cash from financing activities | 191,795,545 | 48,563,107 |
| Total cash movement for the period | (10,829,426) | 4,032,210 |
| Cash at the beginning of the period | 13,188,532 | 9,156,322 |
| Total cash at end of the period | 2,359,106 | 13,188,532 |
- Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
- Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (2)
- “Finance costs paid”: mapping to a shared definition is uncertain. One line 'Finance costs paid' in operating activities; the statement does not say what it includes (finance costs 169,700,183, note 22, p77).
- “(Increase)/decrease in investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing; a Company-only line, the Group columns print dashes.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
No dividend statement or amount collected.
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Minergy Integrated Annual Report 2024
Year ended 30 June 2024 · Annual report · signed / final
Audit: Grant Thornton (Firm of Certified Auditors, Gaborone), unmodified opinion · signed · includes a material-uncertainty paragraph
Auditor's sign-off: Grant Thornton, Firm of Certified Auditors; Practising Member: Madhavan Venkatachary (CAP 0017 2024)
Final status: The independent auditor's report of Grant Thornton (Firm of Certified Auditors; Practising Member Madhavan Venkatachary, CAP 0017 2024) is reproduced as scanned pages (PDF pp74-76); it closes with a handwritten 'Grant Thornton' signature and a '20 SEP 2024' date stamp, Gaborone (PDF p76, page image), and each page carries the firm's initialled seal. The reproduced report refers to the statements 'set out on pages 13 to 62' of the separately issued annual financial statements, not to the pages of this report. The directors' approval (PDF p70) states approval by the board on 20 September 2024 'signed on its behalf by' Mokwena Morulane (Chairman) and Julius Ayo (Acting Chief Financial Officer); the names are typeset and no signature is visible (page image).
- Document date
- 20 Sep 2024
- Auditor's report
- 20 Sep 2024
- Board approval
- 20 Sep 2024
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Jun 2024, FY to 30 Jun 2023
- Basis
- consolidated statements · BWP units (printed “Figures in Pula”)
- Key audit matter: 'Inventory' (PDF p74, page image). No emphasis-of-matter paragraph is printed; a 'Material Uncertainty Related to Going concern' paragraph is printed (filing.audit_paragraph_as_printed).
- The Company 'Total liabilities' is printed 3,195,974 for 2024 although its printed components sum to 3,195,374 (p77). Company columns are not transcribed; recorded for completeness.
- Each statement prints Group and Company columns (Group 2024, Group 2023, Company 2024, Company 2023); the Group columns are transcribed. Non-current assets, current assets, non-current liabilities and current liabilities are unlabelled subtotals (p77). Company-only lines print dashes in the Group columns and are read as nil, confirmed by the printed subtotals. Total equity is negative (net liabilities).
- The auditors' report (PDF pp74-76) is a scanned reproduction of the report on the separately issued annual financial statements ('set out on pages 13 to 62'); the directors' approval says the statements 'set out on pages 69 to 101' of this report were approved on 20 September 2024 and that the auditors' report is 'presented on pages 73 to 75' (PDF p70).
- Loss per share is printed in thebe ((40.10); 2023: (29.54); diluted printed identically, p77); stored in pula with the printed figure and unit kept. Other comprehensive income is printed as nil ('—') for both years.
Technical details
- File
- 111 pages, with a text layer
- SHA-256
a05525fc00f526a4c7ddcac80e346d8d0875a9179c9a9c71b71e89440bf9fa3c- Entity as printed
- Minergy Limited (the "company") and its subsidiaries (together the "Group") (auditors' report, PDF p74)
- Issuer copy
- retrieved 2026-10-08T20:39:46Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
Download
Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.