Rand Water | Integrated Annual Report 2025

Key performance indicators What happened in the year

Overall project completion dates within targets

The set target was not met. The challenges relate to resource management by service providers. Rand Water assisted the contractors by concluding cession agreements for subcontractors. The corrective action also entailed close monitoring of contractors.

57%

95%

Financial Capital

Manufactured Capital

Capital impacted

Target

Actual

STRATEGIC OBJECTIVE ALIGNMENT Key performance indicators What happened in the year

MAINTAIN FINANCIAL HEALTH AND SUSTAINABILITY

Current ratio

Target met. Current liabilities increased at a higher rate than current assets. Longer-dated term deposit investments aided the increase of Cash and cash equivalents. Current liabilities increased as result of Trade payables due to DWS as per the Debt Relief Programme. The other increase is attributable to interest bearing borrowings, which have been reclassified to current liabilities, as Rand Water draws closer to the RWL26 bond redemption due in less than 12 months.

2

2.63

Capital impacted

Target

Actual

Financial Capital

Key performance indicators What happened in the year

Gross profit margin (primary activities)

The set target was exceeded. Revenue outperformed its set target. Revenue that previously could not be recognised in line with IFRS 15, has now been recognised as Rand Water managed to conclude debt settlement agreements.

29%

31.7%

Capital impacted

Target

Actual

Financial Capital

76

Rand Water | Integrated Annual Report 2025