Rand Water | Integrated Annual Report 2025

CREATING VALUE THROUGH OUR SIX CAPITALS

SIX CAPITAL

FINANCIAL CAPITAL Capital and reserves, debt through bond issuance, cash generated from operations, and net income.

MANUFACTURED CAPITAL The infrastructure, tools, technology, and fixed assets used for purification treatment, and distribution of bulk potable water to customers.

HUMAN CAPITAL The skills and experiences of our diverse employees.

SOCIAL AND RELATIONSHIP CAPITAL The relations with our stakeholders and social contribution to the communities.

NATURAL CAPITAL Interaction with the environment.

INTELLECTUAL CAPITAL Creating, managing, and protecting intellectual property to create value.

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Rand Water | Integrated Annual Report 2025