Skip to content
The African Exponent DATA
Resources

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

Resilient REIT

RES · A2X Markets · Incorporated in South Africa · Consolidated statements

On this page
Company details
Legal name
Resilient REIT Limited
Incorporated in
South Africa
Listing
RES on the A2X Markets, active · ISIN ZAE000209557 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, signed / final · source

  • Revenue

    ZAR 3.93 billion

    3,926,844 ZAR thousands · p25

    +7.5% vs 2024

  • Operating profit / (loss)

    ZAR 5.74 billion

    5,735,224 ZAR thousands · p25

    +39.5% vs 2024

  • Profit / (loss) for the year

    ZAR 4.75 billion

    4,745,174 ZAR thousands · p25

    +79.7% vs 2024

  • Total assets

    ZAR 41.5 billion

    41,469,394 ZAR thousands · p24

    +9.0% vs 2024

  • Total equity

    ZAR 26.5 billion

    26,456,986 ZAR thousands · p24

    +13.2% vs 2024

  • Cash from operations

    −ZAR 98.2 million

    (98,229) ZAR thousands · p29

    Change not shown.

Large amounts are rounded for reading (ZAR 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 ZAR 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

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, ZAR thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
recoveries1 3,888,715 3,638,115
adjustment2 38,129 13,656
Total revenue 3,926,844 3,651,771
Fair value adjustments3 2,752,637 1,499,822
property4 2,884,238 1,425,558
straight-lining of rental revenue5 (38,129) (13,656)
derivatives6 94,763 130,995
derivatives6 (188,235) (43,075)
Property operating expenses7 (1,442,588) (1,380,150)
Administrative expenses (156,175) (140,441)
incentive scheme8 (20,203) (9,298)
Foreign exchange loss (53,490) (71,989)
associate9 25,536 –10
associate9 21,270 450,879
Impairment of loans to associate11 (164,700) (39,470)
(impairment) of loans receivable12 24,651 (15,687)
joint venture 821,442 167,000
Profit before net finance costs13 5,735,224 4,112,437
Net finance costs14 (1,026,991) (1,081,961)
Finance income 127,008 162,124
cash balances15 21,028 16,534
and joint venture16 105,980 145,590
Finance costs (1,153,999) (1,244,085)
Interest on borrowings17 (1,174,264) (1,275,040)
Capitalised interest18 20,265 30,955
Profit before income tax 4,708,233 3,030,476
Income tax 36,941 (61,569)
operations19 4,745,174 2,968,907
operations20 –21 (329,000)
Profit for the year 4,745,174 2,639,907
Other comprehensive loss net of tax (21,352) (259,615)
disposal of interest in associate22 46,817 –23
disposal of discontinued operations24 –23 (262,230)
from continuing operations25 (68,169) (215,192)
from discontinued operations26 –23 217,807
for the year 4,723,822 2,380,292
Non-controlling interests27 174,180 (240,097)
  1. Printed “–”, read as nil: subtotal_arithmetic: is.operating_profit.
  2. Printed “–”, read as nil: subtotal_arithmetic: is.profit_for_year.
  3. Printed “–”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (24)
  1. “recoveries” is an issuer-specific line, not mapped to a shared definition: Within total revenue.
  2. “adjustment” is an issuer-specific line, not mapped to a shared definition: Within total revenue.
  3. “Fair value adjustments” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of the four fair value lines.
  4. “property” is an issuer-specific line, not mapped to a shared definition: Note 3.
  5. “straight-lining of rental revenue” is an issuer-specific line, not mapped to a shared definition: Note 3; reverses the straight-lining revenue in fair value.
  6. “derivatives” is an issuer-specific line, not mapped to a shared definition: Note 25.
  7. “Property operating expenses” is an issuer-specific line, not mapped to a shared definition: Note 24.
  8. “incentive scheme” is an issuer-specific line, not mapped to a shared definition: Expense.
  9. “associate” is an issuer-specific line, not mapped to a shared definition: Note 4.
  10. “Impairment of loans to associate” is an issuer-specific line, not mapped to a shared definition: Note 8.
  11. “(impairment) of loans receivable” is an issuer-specific line, not mapped to a shared definition: Notes 7, 12.
  12. “Profit before net finance costs”: mapping to a shared definition is uncertain. Printed 'Profit before net finance costs' (after fair value adjustments, impairments and share of associates).
  13. “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Finance income less finance costs.
  14. “cash balances” is an issuer-specific line, not mapped to a shared definition: Within finance income.
  15. “and joint venture” is an issuer-specific line, not mapped to a shared definition: Within finance income.
  16. “Interest on borrowings” is an issuer-specific line, not mapped to a shared definition: Within finance costs.
  17. “Capitalised interest” is an issuer-specific line, not mapped to a shared definition: Within finance costs (positive).
  18. “operations” is an issuer-specific line, not mapped to a shared definition: Subtotal before discontinued operations.
  19. “operations” is an issuer-specific line, not mapped to a shared definition: Note 28.3.
  20. “disposal of interest in associate” is an issuer-specific line, not mapped to a shared definition: OCI reclassified to profit or loss.
  21. “disposal of discontinued operations” is an issuer-specific line, not mapped to a shared definition: OCI reclassified to profit or loss.
  22. “from continuing operations” is an issuer-specific line, not mapped to a shared definition: OCI that may be reclassified.
  23. “from discontinued operations” is an issuer-specific line, not mapped to a shared definition: OCI that may be reclassified.
  24. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Profit attribution.

Balance sheet

Balance sheet, ZAR thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Non-current assets 41,054,475 37,778,415
Investment property 32,302,772 28,556,887
adjustment1 630,034 591,905
development2 481,133 828,925
venture 6,171,630 6,019,848
Loans to co-owners3 113,133 155,603
Loans to associate4 1,309,856 1,381,241
Loan to joint venture5 –6 94,782
Other financial assets7 45,917 149,224
Current assets 414,919 277,115
Loans to co-owners3 68,213 –8
Loan to joint venture5 49,817 –8
Trade and other receivables 165,367 162,504
Other financial assets9 68,090 54,306
Other assets 20,637 23,360
Cash and cash equivalents 42,795 36,945
Total assets 41,469,394 38,055,530
equity holders 26,028,494 23,050,383
Stated capital 10,501,794 10,501,794
Treasury shares10 (2,264,536) (2,243,471)
Foreign currency translation reserve11 734,654 809,496
Share-based payments reserve12 44,448 29,469
Retained earnings 17,012,134 13,953,095
Non-controlling interests 428,492 320,941
Total equity 26,456,986 23,371,324
Total liabilities 15,012,408 14,684,206
Non-current liabilities 11,671,312 11,266,018
Interest-bearing borrowings 11,467,689 11,064,890
Other financial liabilities13 103,254 42,108
Deferred tax 100,369 159,020
Current liabilities 3,341,096 3,418,188
Trade and other payables 610,462 585,952
Other financial liabilities13 6,443 18,008
Other liabilities 28,267 30,000
Income tax payable 34 322
shareholders14 556,557 557,350
Interest-bearing borrowings 2,139,333 2,226,556
Total equity and liabilities 41,469,394 38,055,530
  1. Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “–”, read as nil: subtotal_arithmetic: bs.current_assets.
Notes and alternative reported figures (12)
  1. “adjustment” is an issuer-specific line, not mapped to a shared definition: Note 3: straight-line lease receivable presented apart from investment property.
  2. “development” is an issuer-specific line, not mapped to a shared definition: Note 3.
  3. “Loans to co-owners” is an issuer-specific line, not mapped to a shared definition: Note 7.
  4. “Loans to associate” is an issuer-specific line, not mapped to a shared definition: Note 8.
  5. “Loan to joint venture” is an issuer-specific line, not mapped to a shared definition: Note 9.
  6. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 10 (derivatives and similar).
  7. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 10.
  8. “Treasury shares” is an issuer-specific line, not mapped to a shared definition: Note 16; negative within equity.
  9. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  10. “Share-based payments reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.
  11. “Other financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 18.
  12. “shareholders” is an issuer-specific line, not mapped to a shared definition: Note 22; current liability.

Cash flow

Cash flow, ZAR thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
operations 2,330,419 2,182,242
Interest paid1 (1,159,076) (1,215,505)
Dividends received2 319,393 190,184
Dividends paid (1,566,966) (1,415,122)
Income tax paid (21,999) (7,792)
activities (98,229) (265,993)
investment property3 (556,068) (663,057)
Disposal of interest in subsidiaries4 –5 (21,638)
associate6 328,904 –5
Acquisition of interest in associate7 –5 (300,000)
venture8 –5 (881,059)
Loans advanced to associate9 –5 (54,620)
Loan advanced to joint venture10 –5 (712,217)
Loan to joint venture repaid11 48,998 769,603
Co-owner loans advanced12 (22,369) (51,563)
Co-owner loans repaid13 23,878 –5
Interest received 20,810 32,348
Cash flow on currency derivatives14 34,465 72,457
derivatives15 11,167 116,339
activities (110,215) (1,693,407)
Proceeds from borrowings raised 10,707,516 19,003,071
Repayment of borrowings (10,407,128) (17,009,224)
non-controlling shareholders16 (65,134) (47,394)
shares17 521 –18
Acquisition of treasury shares19 (21,451) (14,125)
activities 214,324 1,932,328
cash equivalents 5,880 (27,072)
beginning of the year 36,945 64,017
changes (30) –20
the end of the year 42,795 36,945
  1. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  3. Printed “–”; reading unresolved, so no amount is shown. Printed dash; no printed subtotal confirms a nil reading.
Notes and alternative reported figures (17)
  1. “Interest paid”: mapping to a shared definition is uncertain. Printed 'Interest paid' (all interest paid), within operating activities.
  2. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Operating activities (from associates).
  3. “investment property” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  4. “Disposal of interest in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 28.3; investing activities.
  5. “associate” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  6. “Acquisition of interest in associate” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  7. “venture” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  8. “Loans advanced to associate” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  9. “Loan advanced to joint venture” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  10. “Loan to joint venture repaid” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  11. “Co-owner loans advanced” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  12. “Co-owner loans repaid” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  13. “Cash flow on currency derivatives” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  14. “derivatives” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  15. “non-controlling shareholders” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  16. “shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  17. “Acquisition of treasury shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Earnings / (loss) per share (per share)41 13.69642 8.59063
Profit / (loss) attributable to shareholders (ZAR thousands)5 4,570,994 2,880,004
  1. Printed as 1 369,64 cents; value converted to ZAR at 100 cents = 1 ZAR.
  2. Printed as 859,06 cents; value converted to ZAR at 100 cents = 1 ZAR.
Notes and alternative reported figures (3)
  1. “Basic earnings per share (cents)”: mapping to a shared definition is uncertain. Basic earnings per share from continuing operations (printed under 'Earnings per share from profit from continuing operations'); diluted is printed separately and differs (native).
  2. Earnings / (loss) per share: printed as “Basic earnings per share (cents)”.
  3. Profit / (loss) attributable to shareholders: printed as “Equity holders 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
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (1,566,966) ZAR thousands Audited financial statements, p29
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (1,415,122) ZAR thousands Audited financial statements, p29

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.

  • RESILIENT REIT LIMITED — Annual results for the year ended 31 December 2025

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: PricewaterhouseCoopers Inc., unmodified opinion · signed

    Auditor's sign-off: PricewaterhouseCoopers Inc., Director: P Liedeman, Registered Auditor

    Final status: Independent auditor's report to the shareholders of Resilient REIT Limited on the consolidated and separate financial statements (pp18-23), unmodified, signed with a script 'PricewaterhouseCoopers Inc.' signature, Director: P Liedeman, Registered Auditor, Cape Town, 12 March 2026 (p23, page image). Board approval on 12 March 2026, signed on its behalf by Johann Kriek (CEO) and Monica Muller (CFO) (names printed, p11).

    Document date
    12 Mar 2026
    Auditor's report
    12 Mar 2026
    Board approval
    12 Mar 2026
    Retrieved by us
    17 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · ZAR thousands (printed “R'000”)
    • Each statement page prints two blocks side by side with Group and Company columns; Group columns are read. Dividends paid are presented within operating activities. 'Total revenue' (note 23) is rental revenue and recoveries including the straight-lining adjustment. Earnings per share is printed for continuing operations only (basic 1 369,64 cents; diluted 1 363,86).
    • Appendix 1 (pp84-85) prints an independent auditor's assurance report on the compilation of non-IFRS measures (distributable earnings, Appendix 2); not transcribed.
    Technical details
    File
    103 pages, with a text layer
    SHA-256
    ef96bf344db8f27e014e6d048867092665a3ab192745158e97c132f6e87a377b
    Entity as printed
    RESILIENT REIT LIMITED (pp1-103)
    Issuer copy
    retrieved 2026-10-17T14:46:10Z

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.

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.

South Africa country page · Company methodology and coverage