Currently viewing: 5. Operating (loss)/profit | Next: 6. Investments in and loans to associates and joint ventures
| 30 November | 30 November | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Unaudited | Unaudited | ||||
| Notes | R'000 | R'000 | |||
| The following are charges/(credits) in arriving at operating profit, which changed significantly compared to the comparative period: | |||||
| Advertising and promotional expenses | 191 188 | 41 469 | |||
| Consulting fees | 115 143 | 16 507 | |||
| Licence fees | 109 258 | 36 629 | |||
| Repairs and maintenance | 135 893 | 7 802 | |||
| Gain on deemed disposal of associate – Cell C | 6.2.1 | (841 077) | — | ||
| Gain on effective settlement of pre-existing relationships upon obtaining control of Cell C | 6.2.1 | (480 707) | — | ||
| Loss on disposal of subsidiary – Cell C (including CEC) | 6.2.2 | 6 027 454 | — | ||
| Gain on settlement of Cell C leases with Dark Fibre Africa | (355 832) | — | |||
| Loss on written put option over Cell C shares issued to Nedbank and | |||||
| Lesaka | 7 | 141 117 | — | ||
| Loss on in-substance written call option over Cell C shares issued to | |||||
| Sisonke Growth Partners Proprietary Limited | 7 | 140 000 | — | ||
| Transaction costs related to the listing of Cell C | 318 992 | — | |||
| Impairment | |||||
| Impairment of goodwill | 161 697 | — | |||
| Fair value movements comprise the following: | |||||
| Fair value loss on surety receivable | 7 | 2 694 | 757 | ||
| Net fair value loss on financial instruments | 7 | 21 896 | 2 795 | ||
| Fair value gain on Preference shares B | 7 | (242 637) | — | ||
| (218 047) | 3 552 | ||||
| Modification/derecognition of financial instruments comprise the following: | |||||
| TPC | |||||
| (Gain)/loss on modification/derecognition of financial liability – Preference Shares A | (43 238) | 2 204 | |||
| Gain on derecognition of financial liability – SPV5 | (165 216) | — | |||
| Loss on modification of financial liability – Gramercy | 15 792 | — | |||
| CEC | |||||
| Loss on derecognition of financial asset – Escrow receivable | — | 24 647 | |||
| (192 662) | 26 851 |
