Rand Water | Integrated Annual Report 2025

INTEGRATED ANNUAL REPO

HOW WE CREATE VALUE................................................... 68 GROUP CHIEF EXECUTIVE’S REVIEW...........................................................................69 CREATING VALUE THROUGH OUR SIX CAPITALS........................................................72 CORPORATE KPIs PERFORMANCE ALIGNED TO OUR CAPITALS................................73 FINANCIAL CAPITAL.....................................................................................................88 GROUP CHIEF FINANCIAL OFFICER’S REPORT............................................................91 PFMA COMPLIANCE REPORT.....................................................................................106 INFORMATION ON PAYMENT OF SUPPLIERS’ INVOICES..........................................109 INFORMATION ON SUPPLY CHAIN MANAGEMENT...................................................109 HUMAN CAPITAL........................................................................................................110 SOCIAL AND RELATIONSHIP CAPITAL......................................................................122 MANUFACTURED CAPITAL.........................................................................................134 NATURAL CAPITAL.....................................................................................................144 INTELLECTUAL CAPITAL............................................................................................158 CONSOLIDATED ANNUAL FINANCIAL STATEMENTS.....................................................170 REFERENCES INFORMATION......................................................................................321 ACRONYMS AND ABBREVIATIONS............................................................................322 LIST OF TABLES..........................................................................................................324 LIST OF FIGURES.........................................................................................................325 HOW RAND WATER IS GOVERNED.....................................32 REPORT FROM THE CHAIRPERSON OF THE BOARD....................................................33 OUR GOVERNANCE AT A GLANCE................................................................................35 2025 BOARD FOCUS AREAS AND RESOLUTIONS........................................................35 OUR GOVERNANCE STRUCTURE AND FRAMEWORK...................................................36 BOARD OF DIRECTORS..................................................................................................41 COMPANY SECRETARY.................................................................................................49 RAND WATER BOARD MEETING ATTENDANCE...........................................................50 RAND WATER BOARD COMMITTEES............................................................................51 EXECUTIVE COMMITTEE..............................................................................................60 KING IV PRINCIPLES APPLICATION 2025....................................................................62

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Rand Water | Integrated Annual Report 2025