EQUITY

12 Months Ended

Jun. 30, 2025


	ACCOUNTING POLICIES Stated share capital Ordinary shares and the cumulative preference shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effect.
	Repurchase and reissue of share capital (treasury shares) When shares recognised as equity are repurchased, the amount of the consideration paid, which includes directly attributable costs is recognised as a deduction from equity. Repurchased shares are classified as treasury shares and are presented as a deduction from stated share capital.
	Dividends Dividends are recognised as a liability on the date on which they are declared which is the date when the shareholders’ right to the dividends vests.

STATED SHARE CAPITAL

All ordinary shares rank equally regarding the Company’s residual assets. Holders of ordinary shares are entitled to dividends as

declared from time to time and are entitled to one vote per share at general meetings of the Company. All rights attached to the

Company’s shares held by the Group are suspended until those shares are reissued.

Preference shareholders participate only to the extent of the face value of the shares. Holders of preference shares do not have

the right to participate in any additional dividends declared for ordinary shareholders. These shares do not have voting rights.


Amounts in R million	2025	2024	2023

Authorised share capital
1,500,000,000 (2024 and 2023: 1,500,000,000) ordinary shares of no par value
5,000,000 (2024 and 2023: 5,000,000) cumulative preference shares of 10 cents each	0.5	0.5	0.5

Issued share capital
864,588,711 (2024 and 2023: 864,588,711) ordinary shares of no par value	6,208.4	6,208.4	6,208.4
2,153,302 (2024: 3,090,081; 2023: 3,896,663) treasury shares held within the Group (a)	(11.6)	(16.7)	(21.0)
5,000,000 (2024 and 2023: 5,000,000) cumulative preference shares of 10 cents each	0.5	0.5	0.5
	6,197.3	6,192.2	6,187.9
1 On 27 August 2025, 1,726,955 new ordinary shares were issued in terms of the new employee Single Incentive Plan incorporating the Deferred Share Plan. A further 1,082,033 new ordinary shares were issued in terms of the ELTI scheme on 20 October 2025, for the purposes of settling the conditional shares vesting on 19 October 2025, increasing the total issued ordinary shares to 867,397,699.

RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

(a) Treasury shares

Shares in DRDGOLD Limited are held in treasury by Ergo Mining Operations Proprietary Limited ("EMO"). No shares were

acquired in the market during the year ended June 30, 2025 or the year ended June 30, 2024 or the year ended June 30,

2023. During the year ended June 30, 2025, 936,779 (June 30, 2024: 806,582; June 30, 2023: 2,715,604) shares were

used to settle the equity settled share-based payment, at Rnil cashflow to the Group. R5.1 million (June 30, 2024: R4.3

million; June 30, 2023: R14.6 million), representing the average cost of the treasury shares used to settle the share-based

payment, was transferred to retained earnings.

21.2DIVIDENDS


Amounts in R million	2025	2024	2023

Dividends paid during the year net of treasury shares:
Final dividend declared relating to prior year: 20 SA cents per share (2024: 65 SA cents per share; 2023: 40 SA cents per share)	172.3	559.4	343.2
Interim dividend: 30 SA cents per share (2024: 20 SA cents per share; 2023: 20 SA cents per share)	258.7	172.3	172.1
Total	431.0	731.7	515.3

After 30 June 2025, a dividend of 40 SA cents per qualifying share amounting to R345.7 million was declared by the directors as

a final dividend for the year ended 30 June 2025. The dividend has not been provided for and does not have any tax impact on

the Group.