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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 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

Pan African Resources

PAN · A2X Markets · Consolidated statements

On this page
Company details
Legal name
Pan African Resources PLC
Listing
PAN on the A2X Markets, active · ISIN GB0004300496 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 June

Overview

Year ended 30 June 2026 · annual report, final status not established · source

Read with these figures

  • Annual report not confirmed as final. The published copy is unsigned. The FY to 30 Jun 2026 figures come from it.
Full wording and sources

  • Annual report for 2026: final status not established

    Independent auditors' report on the group and company financial statements (unmodified; opinion PDF p129) ends with the typeset name 'Kevin McGhee (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 15 September 2026' with no visible signature (PDF p132, page image: name_printed_unsigned). Board approval on 15 September 2026 is printed with the typeset names Cobus Loots (CEO) and Marileen Kok (FD), no visible signatures (PDF p133, page image).

    Source: Pan African Resources PLC Integrated annual report 2026 (dated 2026-09-15)

  • Annual report for 2025: final status not established

    Independent auditors' report on the group and company financial statements (unmodified; opinion PDF p103) ends with the typeset name 'Kevin McGhee (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 10 September 2025' with no visible signature (PDF p105, page image: name_printed_unsigned). Board approval on 10 September 2025 is printed with the typeset names Cobus Loots (CEO) and Marileen Kok (FD), no visible signatures (PDF p106, page image).

    Source: Pan African Resources PLC Integrated annual report 2025 (dated 2025-09-10)

  • Revenue

    USD 1.16 billion

    1,156,451 USD thousands · p133

    +114.1% vs 2025

  • Operating profit / (loss)

    USD 546 million

    545,838 USD thousands · p133

    +152.9% vs 2025

  • Profit / (loss) for the year

    USD 357 million

    356,911 USD thousands · p133

    +153.8% vs 2025

  • Total assets

    USD 1.61 billion

    1,608,075 USD thousands · p133

    +60.1% vs 2025

  • Total equity

    USD 1.04 billion

    1,035,997 USD thousands · p133

    +89.5% vs 2025

  • Cash from operations

    USD 557 million

    556,991 USD thousands · p134

    +259.7% vs 2025

Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD thousands 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 2026 — annual report, final status not established; reported for the year · source
  • FY to 30 Jun 2025 — annual report, final status not established; comparative in the FY to 30 Jun 2026 filing · source
  • FY to 30 Jun 2024 — annual report, final status not established; comparative in the FY to 30 Jun 2025 filing · source
    • Annual report for 2025: final status not established. Independent auditors' report on the group and company financial statements (unmodified; opinion PDF p103) ends with the typeset name 'Kevin McGhee (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 10 September 2025' with no visible signature (PDF p105, page image: name_printed_unsigned). Board approval on 10 September 2025 is printed with the typeset names Cobus Loots (CEO) and Marileen Kok (FD), no visible signatures (PDF p106, page image).

Income statement

Income statement, USD thousands. Columns: FY to 30 Jun 2026 — annual report (final status not established), as reported for the year; FY to 30 Jun 2025 — annual report (final status not established), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (final status not established), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingsource limitations
Revenue 1,156,451 540,033 373,796
Cost of production (514,297) (314,187) (242,427)
Gross profit 642,154 225,846 131,369
Other income 4,596 6,529 4,106
Other expenses (85,958) (36,484) (14,481)
Bargain purchase gains1 –2 28,019 –2
Impairment losses on non-financial assets3 (345) (2,954) –2
Impairment losses on financial assets4 –2 –2 –2
Royalty costs5 (14,609) (5,106) (1,687)
Profit before finance income and finance costs 545,838 215,850 119,307
Finance income 5,848 1,856 1,884
Finance costs (17,318) (21,073) (11,784)
Profit before tax 534,368 196,633 109,407
Income tax (expense)/credit (177,457) (56,028) (30,581)
Profit for the period 356,911 140,605 78,826
net of tax6 44,054 14,949 11,623
Total comprehensive income for the period 400,965 155,554 90,449
Non-controlling interests7 (304) (992) (552)
  1. Printed “–”, read as nil: subtotal_arithmetic: is.operating_profit.
Notes and alternative reported figures (6)
  1. “Bargain purchase gains” is an issuer-specific line, not mapped to a shared definition: Gain on bargain purchase (business combinations).
  2. “Impairment losses on non-financial assets” is an issuer-specific line, not mapped to a shared definition: Note 15.
  3. “Impairment losses on financial assets” is an issuer-specific line, not mapped to a shared definition: Note 39.2 (Company columns; nil for the Group.)
  4. “Royalty costs” is an issuer-specific line, not mapped to a shared definition: Mineral royalties.
  5. Printed under different labels across filings: “Other comprehensive income for the period, net of tax”; “net of tax”.
  6. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Share of profit or loss attributable to non-controlling interests.

Balance sheet

Balance sheet, USD thousands. Columns: FY to 30 Jun 2026 — annual report (final status not established), as reported for the year; FY to 30 Jun 2025 — annual report (final status not established), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (final status not established), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingsource limitations
Property, plant and equipment 1,196,474 824,450 567,588
Goodwill1 18,438 17,098 16,685
Intangible assets2 806 616 365
Deferred tax assets 1,921 2,072 631
Long-term inventory3 11,911 25,698 12,263
Investments45 12,791 –6 3,373
Investments in subsidiaries7 –6 –6 –6
Receivables from Group companies8 –6 –6 –6
Environmental rehabilitation obligation fund9 34,617 29,118 24,773
Restricted cash10 2,612 –6 Not reported in this filing11
Total non-current assets 1,279,570 899,052 625,678
Inventory 39,049 38,887 16,431
Other receivables12 41,654 15,496 Not reported in this filing13
Current tax assets 1,623 1,542 2,455
Receivables from Group companies8 –14 –14 –14
Short-term investments15 137,867 –14 Not reported in this filing16
Cash and cash equivalents 108,312 49,532 26,332
Total current assets 328,505 105,457 60,393
Total assets 1,608,075 1,004,509 686,071
Share capital 39,415 39,442 38,002
Share premium –17 10,877 235,063
Shares to be issued18 148,218 –17 Not reported in this filing19
Retained earnings 1,027,194 717,642 364,657
Reserves20 (176,192) (219,136) (272,505)
Equity attributable to owners of the Company 1,038,635 548,825 365,217
Non-controlling interests (2,638) (2,157) (1,114)
Total equity 1,035,997 546,668 364,103
Environmental rehabilitation obligation21 34,470 23,982 19,688
Borrowings 38,578 103,642 123,056
Lease liabilities 4,594 2,607 2,158
Financial liabilities22 821 936 374
Share-based payment obligations23 20,385 10,297 6,475
Deferred tax liabilities 250,480 140,506 85,353
Total non-current liabilities 349,328 281,970 237,104
Trade and other payables 142,294 72,643 66,388
Payables to Group companies24 –25 –25 –25
Borrowings 12,957 86,335 4,729
Lease liabilities 3,214 1,050 791
Contract liability 8,030 –25 7,330
Financial liabilities22 418 2,370 329
Share-based payment obligations23 43,969 11,190 4,494
Financial guarantees26 –25 –25 –25
Derivative financial liability27 –25 1,848 5
Current tax liabilities 11,868 435 798
Total current liabilities 222,750 175,871 84,864
Total equity and liabilities 1,608,075 1,004,509 686,071
Trade and other receivables Not reported in this filing28 Not reported in this filing3029 15,175
  1. Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “–”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “–”, read as nil: subtotal_arithmetic: bs.equity_attributable_to_owners.
  4. Printed “–”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (26)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 16.
  2. “Intangible assets”: mapping to a shared definition is uncertain. Intangible assets other than goodwill; goodwill is printed on its own line (native).
  3. “Long-term inventory” is an issuer-specific line, not mapped to a shared definition: Note 21: inventory presented as a non-current asset.
  4. “Investments” is an issuer-specific line, not mapped to a shared definition: Note 17: investment at fair value through other comprehensive income.
  5. Printed under different labels across filings: “Investment”; “Investments”.
  6. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 18 (Company columns; nil for the Group.)
  7. “Receivables from Group companies” is an issuer-specific line, not mapped to a shared definition: Note 39.2 (Company columns; nil for the Group.)
  8. “Environmental rehabilitation obligation fund” is an issuer-specific line, not mapped to a shared definition: Note 19.
  9. “Restricted cash” is an issuer-specific line, not mapped to a shared definition: Note 20 (non-current).
  10. Not reported in this filing: Not reported: the FY2025 Group statement of financial position (p106, text layer) prints no 'Restricted cash' line; non-current assets are property, plant and equipment, goodwill, intangible assets, deferred tax assets, long-term inventory, investment and the environmental rehabilitation obligation fund. The line first appears in the FY2026 statement (p133).
  11. “Other receivables” is an issuer-specific line, not mapped to a shared definition: Note 22 (current).
  12. Not reported in this filing: Not reported under this line: the FY2025 Group statement of financial position (p106, text layer) prints 'Trade and other receivables' (note 22) 15,175 for FY24, transcribed under trade_and_other_receivables; there is no 'Other receivables' line. The FY2026 statement relabels the same line 'Other receivables' (FY25 15,496 in both documents). Not moved between concepts.
  13. “Short-term investments” is an issuer-specific line, not mapped to a shared definition: Note 23.
  14. Not reported in this filing: Not reported: the FY2025 Group statement of financial position (p106, text layer) prints no 'Short-term investments' line; current assets are inventory, trade and other receivables, current tax assets and cash and cash equivalents.
  15. “Shares to be issued” is an issuer-specific line, not mapped to a shared definition: Note 25.2: consideration shares for the Emmerson Resources scheme, allotted 1 July 2026.
  16. Not reported in this filing: Not reported: the FY2025 Group statement of financial position (p106, text layer) prints no 'Shares to be issued' line; equity lines are share capital, share premium, retained earnings and reserves.
  17. “Reserves” is an issuer-specific line, not mapped to a shared definition: Note 27: other reserves combined.
  18. “Environmental rehabilitation obligation” is an issuer-specific line, not mapped to a shared definition: Note 28 (non-current liabilities).
  19. “Financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 32.
  20. “Share-based payment obligations” is an issuer-specific line, not mapped to a shared definition: Note 33.
  21. “Payables to Group companies” is an issuer-specific line, not mapped to a shared definition: Note 39.2 (Company columns; nil for the Group.)
  22. “Financial guarantees” is an issuer-specific line, not mapped to a shared definition: Note 30 (Company columns; nil for the Group.)
  23. “Derivative financial liability” is an issuer-specific line, not mapped to a shared definition: Current liabilities.
  24. Not reported in this filing: Not reported under this line: the FY2026 Group statement of financial position (p133, text layer) prints 'Other receivables' (note 22) 41,654 for FY26, transcribed under native.co_ns7p3q6fpjar.other_receivables; there is no 'Trade and other receivables' line. Not moved between concepts.
  25. Annual report dated 2025-09-10 presents this line for this year: 15,496 (p106). Not shown in this column, which follows one filing's presentation.
  26. Not reported in this filing: Not reported under this line: the FY2026 Group statement of financial position (p133, text layer) prints 'Other receivables' (note 22) 15,496 for FY25, transcribed under native.co_ns7p3q6fpjar.other_receivables; there is no 'Trade and other receivables' line. Not moved between concepts.

Cash flow

Cash flow, USD thousands. Columns: FY to 30 Jun 2026 — annual report (final status not established), as reported for the year; FY to 30 Jun 2025 — annual report (final status not established), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (final status not established), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingsource limitations
and net finance costs1 712,119 223,184 134,310
Dividend paid12 (58,540) (23,675)3 (21,227)
Income tax (paid)/refund4 (74,135) (20,147) (13,007)
Royalties paid5 (12,112) (4,887) (2,469)
Finance costs paid6 (14,987) (21,439) (11,565)
Finance income received 4,646 1,824 1,834
Net cash generated from/(used in) operating activities7 556,991 154,860 90,801
Payments for property, plant and equipment (189,723) (153,989)8 (166,241)
Payments for exploration assets9 (26,030) (3,921) Not reported in this filing10
Proceeds from disposal of property, plant and equipment 1,720 133 141
Payments for other intangible assets (390) (710) –11
Cash acquired on acquisitions1213 12,796 9,689 –11
Contribution to environmental rehabilitation obligation fund14 (1,689) (1,187) –11
Withdrawal from environmental rehabilitation obligation fund15 316 134 –11
Payment for investment16 (11,265) –11 (3,280)
Increase in restricted cash17 (1,293) –11 Not reported in this filing18
Contributions to short-term investments19 (188,286) –11 Not reported in this filing20
Withdrawals from short-term investments21 51,700 –11 Not reported in this filing22
Advances of loans to subsidiaries23 –11 –11 –11
Repayment of loans to subsidiaries24 –11 –11 –11
Net cash (used in)/generated from investing activities25 (352,144) (149,851) (169,380)
Share buy-back26 (1,314) –27 Not reported in this filing28
Proceeds from borrowings –27 139,526 114,198
Repayment of borrowings (149,311) (117,199) (42,854)
Repayment of lease liabilities – principal29 (2,705) (1,028) (638)
Repayment of financial liabilities30 (2,544) (3,842) (281)
Net cash (used in)/from financing activities31 (155,874) 17,457 68,980
Net increase/(decrease) in cash and cash equivalents 48,973 22,466 (9,599)
Cash and cash equivalents as at 1 July32 49,532 26,332 34,771
Effect of foreign exchange rate changes 9,807 734 1,160
Cash and cash equivalents as at 30 June33 108,312 49,532 26,332
Reciprocal dividend received34 Not reported in this filing35 Not reported in this filing3536 2,925
Fees paid on borrowings37 Not reported in this filing38 Not reported in this filing3839 (1,445)
  1. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (37)
  1. Printed under different labels across filings: “Net cash from operating activities before dividend, tax, royalties and net finance costs”; “and net finance costs”.
  2. Printed under different labels across filings: “Dividend paid”; “Dividend paid1”.
  3. Annual report dated 2025-09-10 prints (27,459) (thousands, p107) for this line and year.
  4. Printed under different labels across filings: “Income tax (paid)/refund”; “Income tax paid”.
  5. “Royalties paid” is an issuer-specific line, not mapped to a shared definition: Note 36.3; operating activities.
  6. “Finance costs paid”: mapping to a shared definition is uncertain. One line for finance costs paid; whether it includes lease interest is not stated on the face of the statement.
  7. Printed under different labels across filings: “Net cash from/(used in) operating activities”; “Net cash generated from/(used in) operating activities”.
  8. Annual report dated 2025-09-10 prints (157,910) (thousands, p107) for this line and year.
  9. “Payments for exploration assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  10. Not reported in this filing: Not reported: the FY2025 Group statement of cash flows (p107, text layer) prints no 'Payments for exploration assets' line; its investing lines are 'Payments for property, plant and equipment', 'Proceeds from disposal of property, plant and equipment', 'Payments for other intangible assets', 'Cash acquired on acquisition of subsidiaries', contribution to and withdrawal from the environmental rehabilitation obligation fund and 'Payment for investment'.
  11. “Cash acquired on acquisitions” is an issuer-specific line, not mapped to a shared definition: Note 40; investing activities.
  12. Printed under different labels across filings: “Cash acquired on acquisition of subsidiaries”; “Cash acquired on acquisitions”.
  13. “Contribution to environmental rehabilitation obligation fund” is an issuer-specific line, not mapped to a shared definition: Note 19; investing activities.
  14. “Withdrawal from environmental rehabilitation obligation fund” is an issuer-specific line, not mapped to a shared definition: Note 19; investing activities.
  15. “Payment for investment” is an issuer-specific line, not mapped to a shared definition: Note 17; investing activities.
  16. “Increase in restricted cash” is an issuer-specific line, not mapped to a shared definition: Note 20; investing activities.
  17. Not reported in this filing: Not reported: the FY2025 Group statement of cash flows (p107, text layer) prints no 'Increase in restricted cash' line; its investing lines are 'Payments for property, plant and equipment', 'Proceeds from disposal of property, plant and equipment', 'Payments for other intangible assets', 'Cash acquired on acquisition of subsidiaries', contribution to and withdrawal from the environmental rehabilitation obligation fund and 'Payment for investment'.
  18. “Contributions to short-term investments” is an issuer-specific line, not mapped to a shared definition: Note 23; investing activities.
  19. Not reported in this filing: Not reported: the FY2025 Group statement of cash flows (p107, text layer) prints no 'Contributions to short-term investments' line; its investing lines are 'Payments for property, plant and equipment', 'Proceeds from disposal of property, plant and equipment', 'Payments for other intangible assets', 'Cash acquired on acquisition of subsidiaries', contribution to and withdrawal from the environmental rehabilitation obligation fund and 'Payment for investment'.
  20. “Withdrawals from short-term investments” is an issuer-specific line, not mapped to a shared definition: Note 23; investing activities.
  21. Not reported in this filing: Not reported: the FY2025 Group statement of cash flows (p107, text layer) prints no 'Withdrawals from short-term investments' line; its investing lines are 'Payments for property, plant and equipment', 'Proceeds from disposal of property, plant and equipment', 'Payments for other intangible assets', 'Cash acquired on acquisition of subsidiaries', contribution to and withdrawal from the environmental rehabilitation obligation fund and 'Payment for investment'.
  22. “Advances of loans to subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities (Company columns; nil for the Group.)
  23. “Repayment of loans to subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities (Company columns; nil for the Group.)
  24. Printed under different labels across filings: “Net cash (used in)/from investing activities”; “Net cash (used in)/generated from investing activities”.
  25. “Share buy-back” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  26. Not reported in this filing: Not reported: the FY2025 Group statement of cash flows (p107, text layer) prints no 'Share buy-back' line; its financing lines are proceeds from and repayment of borrowings, 'Fees paid on borrowings', repayment of lease liabilities and repayment of financial liabilities.
  27. Printed under different labels across filings: “Repayment of lease liabilities”; “Repayment of lease liabilities – principal”.
  28. “Repayment of financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 36.4; financing activities.
  29. Printed under different labels across filings: “Net cash (used in)/from financing activities”; “Net cash from financing activities”.
  30. Printed under different labels across filings: “Cash and cash equivalents as at 1 July”; “Cash and cash equivalents at 1 July”.
  31. Printed under different labels across filings: “Cash and cash equivalents as at 30 June”; “Cash and cash equivalents at 30 June”.
  32. “Reciprocal dividend received” is an issuer-specific line, not mapped to a shared definition: Operating activities: dividend received by PAR Gold on treasury shares held in the Company (presented net within 'Dividend paid' from FY26).
  33. Not reported in this filing: Not reported separately: included in 'Dividend paid' (p134, text layer). Footnote 1 to the FY2026 Group statement of cash flows states the Group changed the presentation of reciprocal dividend cash flows from gross to net and re-presented the comparatives; no reciprocal-dividend line is printed.
  34. Annual report dated 2025-09-10 presents this line for this year: 3,784 (p107). Not shown in this column, which follows one filing's presentation.
  35. “Fees paid on borrowings” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  36. Not reported in this filing: Not reported: the FY2026 Group statement of cash flows (p134, text layer) prints no 'Fees paid on borrowings' line; its financing lines are 'Share buy-back', proceeds from and repayment of borrowings, 'Repayment of lease liabilities – principal' and 'Repayment of financial liabilities'.
  37. Annual report dated 2025-09-10 presents this line for this year: – (p107). Not shown in this column, which follows one filing's presentation.

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2026 — annual report (final status not established), as reported for the year; FY to 30 Jun 2025 — annual report (final status not established), comparative reported in the annual report for 2026; FY to 30 Jun 2024 — annual report (final status not established), comparative reported in the annual report for 2025.
Line (as printed) FY to 30 Jun 2026Annual reportreported for the yearFY to 30 Jun 2025Annual reportcomparative in FY to 30 Jun 2026 filingFY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filingsource limitations
Earnings / (loss) per share (per share)4 0.17601 0.07162 0.04143
Profit / (loss) attributable to shareholders (USD thousands)5 357,215 141,597 79,378
  1. Printed as 17.60 US cents; value converted to USD at 100 US cents = 1 USD.
  2. Printed as 7.16 US cents; value converted to USD at 100 US cents = 1 USD.
  3. Printed as 4.14 US cents; value converted to USD at 100 US cents = 1 USD.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (US cents)”.
  2. Profit / (loss) attributable to shareholders: printed as “Owners of the Company”.

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.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Jun 2026 Dividends paid (cash flow statement) Dividend paid1 (58,540) USD thousands Annual report, p134
30 Jun 2025 Dividends paid (cash flow statement) Dividend paid1 (23,675) USD thousands Annual report, p134
30 Jun 2024 Dividends paid (cash flow statement) Dividend paid (21,227) USD thousands Annual report, p107

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.

  • Pan African Resources PLC Integrated annual report 2026

    Year ended 30 June 2026 · Annual report · final status not established

    Audit: PricewaterhouseCoopers LLP, unmodified opinion

    Auditor's sign-off: Kevin McGhee (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, London

    Final status: Independent auditors' report on the group and company financial statements (unmodified; opinion PDF p129) ends with the typeset name 'Kevin McGhee (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 15 September 2026' with no visible signature (PDF p132, page image: name_printed_unsigned). Board approval on 15 September 2026 is printed with the typeset names Cobus Loots (CEO) and Marileen Kok (FD), no visible signatures (PDF p133, page image).

    Document date
    15 Sep 2026
    Auditor's report
    15 Sep 2026
    Board approval
    15 Sep 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2026, FY to 30 Jun 2025
    Basis
    consolidated statements · USD thousands (printed “US$ thousand”)
    • Presentation currency US$ (US$ thousand); the Company and its South African subsidiaries have ZAR functional currency (note 3, PDF p135). Basic and diluted earnings per share printed as one line in US cents (17.60; FY25: 7.16).
    • The PDF prints two report pages per sheet (186 sheets); page numbers in this spec are PDF sheets. Statements of financial position and of profit or loss and OCI share PDF p133; cash flows and changes in equity share p134.
    • Cash flow statement footnote 1: 'The Group changed the presentation of reciprocal dividend cash flows from gross to net in the current reporting period. The comparative figures have been re-presented accordingly.' (p134). The comparative 'Dividend paid' is marked restated.
    • Directory listing is the A2X secondary line; the issuer states a dual primary listing on the JSE Main Board and LSE Main Market (from 24 October 2025), with A2X as a secondary exchange (PDF p125). Subsequent event: 102,641,421 shares allotted on 1 July 2026 for the Emmerson Resources scheme (PDF p125).
    Technical details
    File
    186 pages, with a text layer
    SHA-256
    f1dde2206eef721813031aba0b828748a02c808ede6e3a6eebdcdc9ab3a9377b
    Entity as printed
    Pan African Resources PLC (registered in England and Wales, registration number 3937466) (PDF p125, p135)
    Issuer copy
    retrieved 2026-10-08T18:45:52Z

  • Pan African Resources PLC Integrated annual report 2025

    Year ended 30 June 2025 · Annual report · final status not established

    Audit: PricewaterhouseCoopers LLP, unmodified opinion

    Auditor's sign-off: Kevin McGhee (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, London

    Final status: Independent auditors' report on the group and company financial statements (unmodified; opinion PDF p103) ends with the typeset name 'Kevin McGhee (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 10 September 2025' with no visible signature (PDF p105, page image: name_printed_unsigned). Board approval on 10 September 2025 is printed with the typeset names Cobus Loots (CEO) and Marileen Kok (FD), no visible signatures (PDF p106, page image).

    Document date
    10 Sep 2025
    Auditor's report
    10 Sep 2025
    Board approval
    10 Sep 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2024
    Basis
    consolidated statements · USD thousands (printed “US$ thousand”)
    • Cash flow: 'Dividend paid' (27,459; FY24 21,227) and 'Reciprocal dividend received' (3,784; FY24 2,925) are printed gross on separate lines; the FY26 report re-presents FY25 net (dividend paid 23,675). This document's figures are kept as printed.
    • Presentation currency US$ (US$ thousand). Basic and diluted earnings per share printed as one line in US cents (7.16; FY24: 4.14).
    • The PDF prints two report pages per sheet (158 sheets); page numbers in this spec are PDF sheets. Statements of financial position and of profit or loss and OCI share PDF p106; cash flows and changes in equity share p107. Nil is printed as an en dash; dashes are read with the printed subtotal confirming nil.
    • Directory listing is the A2X secondary line; the issuer states a dual primary listing on the JSE Main Board and the LSE AIM market, with a secondary listing on A2X (PDF p100).
    Technical details
    File
    158 pages, with a text layer
    SHA-256
    5be195923008da5ca05a0431e952c88813edc902d99ad653429f94c0d6600b4c
    Entity as printed
    Pan African Resources PLC (registered in England and Wales, registration number 3937466) (PDF p100)
    Issuer copy
    retrieved 2026-10-08T18:46:01Z

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) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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