Condensed consolidated statement of cash flows for the


Note Six months
ended
30 June
2025
Reviewed
Rm
Six months
ended
30 June
2024
Reviewed
Rm
Financial
year ended
31 December
2024
Audited
Rm
Net cash generated from operating activities 34 666 15 964 46 817
Cash generated from operations 47 638 27 452 70 502
Interest received 1 164 1 028 1 879
Interest paid (8 371) (6 775) (15 496)
Dividends received from associates and joint ventures 15 43 84
Income tax paid (5 780) (5 784) (10 152)
Net cash used in investing activities (20 640) (16 582) (33 341)
Acquisition of property, plant and equipment (18 866) (11 391) (24 288)
Acquisition of intangible assets (2 878) (2 673) (6 675)
Proceeds from sale of property, plant and equipment and intangible assets 62
70
Increase loans receivable (373)
Increase in prepayments (10) (346)
Acquisition of right-of-use asset1 (1 138) (418) (713)
Cash deconsolidated on disposal of subsidiaries,net of cash disposed of (833) (836)
Purchase of non-current investment bonds and equity instruments (192)
Realisation of current investment bonds, treasury bills and foreign deposits 2 925 (3 044) (5 356)
(Increase)/decrease in restricted cash (557) 1 708 5 601
Movement in other investing activities (178) 69 (233)
Net cash used in financing activities (15 425) (16 247) (16 205)
Proceeds from borrowings 14 6 665 10 441 34 849
Repayment of borrowings 14 (11 927) (16 260) (35 487)
Repayment of lease liabilities (5 070) (3 837) (9 024)
Purchase of treasury shares (513) (1 237) (1 237)
Proceeds from sale of treasury shares – MTN Zakhele Futhi unwind 10 3 042
Consideration received on MTN Ghana share
localisation
19.1 201 750 1 462
Dividends paid to equity holders of the Company (6 235) (5 963) (5 963)
Dividends paid to non-controlling interests (1 399) (955) (1 558)
Proceeds from MTN Uganda share localisation 1 036 1 036
Decrease in other non-current liabilities (80)
Acquisition of non-controlling interest (86)
Contribution from non-controlling interest 300
Other financing activities (189) (222) (417)
Net decrease in cash and cash equivalents
(1 399) (16 865) (2 729)
Net cash and cash equivalents at beginning of the period 29 061 36 555 36 555
Exchange gains/(losses) on cash and cash equivalents 1 543 (4 663) (4 365)
Net monetary (losses)/gains on cash and cash equivalents (1 303) 24 (1 541)
Decrease in cash classified as held for sale 1 128 1 141
Net cash and cash equivalents at end of the period 27 902 16 179 29 061
1 Relates to fully prepaid leases.