Annual Report and
Audited Consolidated
Financial Statements
FOR THE YEAR ENDED
31 MARCH 2025
Year ended 31 March 2025
1
Contents
COMPANY OVERVIEW 3
Company Highlights 4 – 5
Summary I
nformation 7 – 8
Our Business Model and Key Strategic Ob
jectives 10 – 13
STRATEGIC REVIEW 15
Chairman’s Statement 16 – 19
Chief Exeff
tement 20 – 23
Mar
ket Review 24 – 28
Portfolio and Opera
tional Review 30 – 31
Financial Review
32 – 33
Environmental, Social and Gov
ernance Review 34 – 50
Stakeholders Re
port 52 – 53
Statement of Principal and Emerging Risks and
54 – 59
Uncertainties
Going Concern and Viability Stateme
nt 60 – 62
GOVERNANCE 65
Board of Directors 66 – 70
Cor
porate Governance 72 – 78
Report of thtt
ee 79 – 81
Report of the Remuneration
tt 82 – 91
Report of the Audit
tt 92 – 96
Directors’
Report 98 – 100
Statement of Directors’
Responsibilities 101
Independent
Auditor’s Report 102 – 110
FINANCIAL STATEMENTS 113
Consolidated Statement of Comprehensive Income 114
Consolidated Sta
tement of Changes 115
in Shareholders’ Equity
Consolidated Statement of Financia
l Position 116
Consolidated Statement of
Cash Flows 117
Notes to the Consolidated
Financial Statemen
ts 118 – 147
ADDITIONAL INFORMATION 148
Management and Administration 148
Appendix A – Alternative Performance
Measures 149 – 151
Appendix B
– Group Financial 152 – 154
Information, Look-Through Basis (non-IFRS)
Appendix C – ESG Data and TC
FD 155 – 157
Appendix D –
fi 158 – 159