Condensed consolidated statement of changes in equity for the

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  Six months 
ended 
30 June 
2026 
Reviewed 
Rm 
  Six months 
ended 
30 June 
2025 
Restated1 
Reviewed 
Rm 
  Financial 
year ended 
31 December 
2025 
Audited 
Rm 
Balance at 1 January 2025 as previously reported  –    123 445    123 445 
Prior period error  –    (718)   (718)
Opening balance at 1 January  144 997    122 727    122 727 
Total comprehensive income  (4 255)   25 274    28 602 
Profit after tax  7 410    9 887     20 262  
Other comprehensive income after tax  (11 665)   15 387    8 340  
Transactions with owners of the Company              
Purchase of treasury shares  (1 438)   (513)   (513)
Proceeds from sale of treasury shares – MTN Zakhele Futhi  –    3 042    3 433 
Recognition of non-controlling interest – MTN Zakhele Futhi  –    –    (2 610)
MTN Ghana share localisation  (251)   (301)   (301)
Share-based payment transactions  460    595    – 
Dividends paid  (9 168)   (6 235)   (6 235)
Other movements  233    (72)   (106)
Attributable to equity holders of the Company  130 578    144 517    144 997 
Non-controlling interests  23 755    22 102    24 736 
Closing balance  154 333    166 619    169 733 
Dividends declared during the period (cents per share) 500    345    330 
1 Restated, refer to note 19 for details on the restatement.