Rand Water | Integrated Annual Report 2025

Consolidated Annual Financial Statements for the year ended 30 June 2025

NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS

15. Interest bearing borrowings

Group

Rand Water

Figures in Rand thousands

2025

2024

2025

2024

Non-current liabilities

2 566 376

3 153 570

2 566 376

3 153 570

Current liabilities

594 874 9 909 3 161 250 3 163 479 3 161 250 3 163 479 9 909 594 874

Interest bearing borrowings maturity profile Up to one year

594 874 578 886

9 909

594 874 578 886

9 909

One year to three years Three years to five years

585 898

585 898

1 443 640

2 023 847

1 443 640

2 023 847

More than five years

543 850 543 825 3 161 250 3 163 479 3 161 250 3 163 479 543 825 543 850

Nominal Interest Rate % Type

Figures in Rand thousands

Maturity

2025

2024

Issued unsecured notes RW28

10 Dec 28 30 Jun 26 30 Jun 28 30 Jun 31

10.245

Fixed rate

1 447 459

1 447 458

RWL26 RWL28

9.542 Floating rate

586 153 579 154 544 159

586 511 579 462 544 478

9.705

Fixed rate Fixed rate

RW31

10.685

Amortised costs

4 325 5 570 3 161 250 3 163 479

Interest-bearing borrowings relate to unsecured bonds issued by the Group under its ZAR10 billion Domestic Medium Term Note (DMTN) programme with a nominal amount of R3.2 billion as at 30 June 2025. It includes two Sustainability Linked Bonds issued by the Group. These bonds are listed on the Johannesburg Stock Exchange. The RWL26, maturing on 30 June 2026, was reclassified from non-current liabilities to current liabilities as it matures within 12 months.

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Rand Water | Integrated Annual Report 2025