Integrated Annual Report

The report presents Merafe Group's 2025 integrated performance, including revenue of R5 834 877 (R'000), no fatalities, and sharply reduced operational emissions. It reports Scope 1 emissions of 1 140 162 tCO2e, location-based Scope 2 emissions of 1 815 602 tCO2e, and Scope 3 emissions of 8 581 925 tCO2e. The company also commits to 15%, 25%, and 50% reductions in Scope 1, 2, and 3 industrial emissions by 2026, 2030, and 2035 respectively, against a 2019 baseline, with a longer-term net-zero ambition for 2050.