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DRDGOLD Limited Balance Sheet 2025-2011 | DRD
Brief overview of DRDGOLD Limited's balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
Assets reached 12.2 billion ZAR, compared with 6.3 billion ZAR at the beginning. Growth of +92.9% and CAGR near 17.9% show active expansion.
Liabilities expanded faster than the asset base, +120.1% versus +92.9%. Debt-service capacity deserves attention.
The equity ratio reached 72.5% from . A high capital share reduces dependence on liabilities.
Negative net debt of -1.3 billion ZAR means cash holdings are larger than debt obligations.
Cash accounts for 10.7% of assets versus 34.3% initially. The change indicates the degree of financial flexibility.
Accumulated earnings ended at 2.7 billion ZAR, a change of . They remain an important part of the capital base.
What the balance sheet shows
DRDGOLD Limited has a solid balance sheet cushion. Capital and liquidity support development without excessive reliance on debt.
Annual Balance Sheet DRDGOLD Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-1.29 B | -492 M | -2.43 B | -2.47 B | - | -1.67 B | -268 M | -287 M | -237 M | -333 M | -280 M | -60.2 M | -210 M | -268 M | -139 M |
Long Term Debt |
10 M | 22.3 M | 28.4 M | 32.8 M | - | - | - | - | - | - | - | 75.5 M | 143 M | - | 40.4 M |
Long Term Debt Current |
7.4 M | 6.9 M | 11.3 M | 19.5 M | 16.9 M | 10.1 M | 11 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
2.36 B | 1.61 B | 1.16 B | 1.01 B | - | 889 M | 913 M | 772 M | 728 M | 766 M | 669 M | 652 M | 777 M | 597 M | 659 M |
Total Liabilities |
3.36 B | 2.56 B | 1.88 B | 1.64 B | 1.53 B | 1.64 B | 1.37 B | 1.09 B | 985 M | 1.08 B | 973 M | 960 M | 1.02 B | 858 M | 1.07 B |
Retained Earnings |
2.69 B | 697 M | 86.2 M | -733 M | - | -2.12 B | -2.84 B | -2.91 B | -2.88 B | -2.98 B | -2.79 B | -3.01 B | -2.89 B | -2.8 B | -3.09 B |
Total Assets |
12.2 B | 9.45 B | 8.15 B | 7.08 B | 6.35 B | 5.68 B | 4.06 B | 2.36 B | 2.29 B | 2.42 B | 2.5 B | 2.44 B | 2.67 B | 2.49 B | 2.29 B |
Cash and Cash Equivalents |
1.31 B | 522 M | 2.47 B | 2.53 B | 2.18 B | 1.72 B | 280 M | 302 M | 254 M | - | - | - | - | - | - |
Book Value |
8.88 B | 6.89 B | 6.27 B | 5.44 B | 4.82 B | 4.04 B | 2.69 B | 1.27 B | 1.3 B | 1.34 B | 1.53 B | 1.48 B | 1.65 B | 1.63 B | 1.22 B |
Total Shareholders Equity |
8.88 B | 6.89 B | 6.27 B | 5.44 B | - | 4.04 B | 2.69 B | 1.27 B | 1.3 B | - | - | - | - | - | - |
All numbers in ZAR currency
Quarterly Balance Sheet DRDGOLD Limited
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
22.3 M | 10 M | 28.4 M | 22.3 M | 32.8 M | 28.4 M | - | - | - | - | - | - | 37.9 M | - | - | - | 37 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
1.61 B | 2.36 B | 1.16 B | 1.61 B | 1.01 B | 1.16 B | - | - | - | - | - | - | 996 M | - | - | - | 889 M | - | - | - | 913 M | - | - | - | 772 M | - | - | - | 728 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
2.56 B | 3.36 B | 1.88 B | 2.56 B | 1.64 B | 1.88 B | - | - | - | - | - | - | 1.53 B | - | - | - | 1.64 B | - | - | - | 1.37 B | - | - | - | 1.09 B | - | - | - | 985 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
697 M | 2.69 B | 86.2 M | 697 M | -733 M | 86.2 M | - | - | - | - | - | - | -1.34 B | - | - | - | -2.12 B | - | - | - | -2.84 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
9.45 B | 12.2 B | 8.15 B | 9.45 B | 7.08 B | 8.15 B | - | - | - | - | - | - | 6.35 B | - | - | - | 5.68 B | - | - | - | 4.06 B | - | - | - | 2.36 B | - | - | - | 2.29 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
2.53 B | 1.31 B | 2.18 B | 522 M | 1.72 B | 2.47 B | - | - | - | - | - | - | 2.18 B | - | - | - | 1.72 B | - | - | - | 280 M | - | - | - | 302 M | - | - | - | 254 M | - | - | - | 352 M | - | - | - | 324 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
6.89 B | 8.88 B | 6.27 B | 6.89 B | 5.44 B | 6.27 B | - | - | - | - | - | - | 4.82 B | - | - | - | 4.04 B | - | - | - | 2.69 B | - | - | - | 1.27 B | - | - | - | 1.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
5.44 B | 8.88 B | 4.82 B | 6.89 B | 4.04 B | 6.27 B | - | - | - | - | - | - | 4.82 B | - | - | - | 4.04 B | - | - | - | 2.69 B | - | - | - | 1.27 B | - | - | - | 1.3 B | - | - | - | 1.34 B | - | - | - | 1.53 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in ZAR currency
Balance Sheet is a fundamental financial report of DRDGOLD Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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