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EMPLOYEE BENEFITS (Tables)
12 Months Ended
Jun. 30, 2025
Classes of employee benefits expense [abstract]  
Share-based payment expense ELTI scheme
Amounts in R million
2025
2024
2023
Share-based payment expense - ELTI scheme
5.2
30.1
26.4
22.0
TSR performance in relation to percentiles of peer groups performance
Percentile of peers
% of performance shares vesting
< 25th percentile
0
%
25th to < 50th percentile
25
%
50th to < 75th percentile
75
%
≥ 75th percentile
100
%
Reconciliation of the number of conditional shares
2025
2024
Number of
Shares
Weighted
average price
R per share
Number of
Shares
Weighted
average price
R per share
Opening balance
10,506,564
9,524,238
Granted
October 25, 2023
2,860,551
October 20, 2024
2,816,040
Vested1
(936,779)
22.07
(806,582)
17.07
Forfeited
(67,931)
(265,061)
Expired1
(2,185,813)
(806,582)
Closing balance
10,132,081
10,506,564
Vesting on
10,132,081
10,506,564
October 20, 2024
3,122,592
October 19, 2025
4,621,908
4,621,908
October 25, 2026
2,694,133
2,762,064
October 22, 2027
2,816,040
1 70% of the total grant did not vest as a result of performance conditions not being met (2024: 50%).
Monte Carlo simulation pricing model and key inputs
Grant date
October 22, 2024
October 25, 2023
19 October 2022
Vesting date
October 22, 2027
October 25, 2026
October 19, 2025
Weighted average fair value of 80% performance shares1
15.09
7.72
5.54
Weighted average fair value of 20% retention shares
21.18
16.24
8.60
Expected term (years)
3
3
3
Grant date share price of a DRDGOLD share
21.81
16.89
9.48
Expected dividend yield
0.98%
1.30%
3.24%
Expected volatility2
42.12%
44.55%
58.00%
Expected risk free rate
7.42%
8.27%
8.10%
1 The performance conditions are included in the measurement of the grant date fair value as they are classified as market-
based performance conditions
2 Expected volatility has been based on an evaluation of the historical volatility of DRDGOLD’s share price, commensurate with
the expected term of the options
Key management personnel remuneration
Key management personnel remuneration
Amounts in R million
Note
2025
2024
2023
- Board fees paid
7.8
7.9
7.6
- Salaries paid
104.9
93.2
82.0
- Short term incentives relating to this cycle
98.2
94.0
83.8
Market value of long term incentives vested and transferred
19.1
20.6
13.7
31.1
231.5
208.8
204.5