Interfront 2025 Annual Report

125 FINANCIAL INFORMATION 3 Financial Report FIVE YEAR FINANCIAL OVERVIEW STATEMENT OF FINANCIAL PERFORMANCE Description 2021 2022 2023 2024 2025 Rendering of Services 105 363 506 108 405 948 171 790 485 215 828 131 242 041 539 Interest and other 1 450 850 1 427 710 3 041 629 3 499 004 4 005 564 Expenditure (118 166 081) (117 869 059) (187 421 011) (213 521 935) (236 499 920) EBT (11 351 725) (8 035 401) (12 588 897) 5 805 200 9 547 183 EAT (8 769 728) (6 383 966) (9 793 627) 4 078 142 6 906 300 STATEMENT OF FINANCIAL POSITION Description 2021 2022 2023 2024 2025 Total Assets 86 202 838 80 298 775 81 061 430 87 367 198 97 591 485 Total Liabilities (19 090 519) (19 570 421) (30 126 704) (32 354 330) 35 672 318 Total Net Assets 67 112 319 60 728 854 50 934 726 55 012 868 61 919 167 Equity/Shareholders loan 1 1 1 1 1 Accumulated surplus (67 112 319) (60 728 353) (50 934 725) (55 012 867) (61 919 166) Statement of Financial Performance Interfront delivered a strong financial performance for the year under review, reporting a net accounting surplus of R6.91 million (2024: R4.08 million). This result reflects continued growth in service delivery after the expansion of the company’s mandate in 2022. The increase in revenue from the rendering of services, up 12.15%, was driven by growing client needs and the execution of ongoing projects. To support this growth, the company’s average staff complement increased by 8.96%, aligning with our strategic focus on capacity building and delivery excellence. To ensure long-term sustainability and operational resilience, Interfront undertook a strategic enhancement of its organisational structure. A new senior management layer was introduced to strengthen operational leadership and governance, particularly to support the Director of Operations. This intervention mitigates key-person dependency risk, enhances internal oversight, and positions the company to meet future demands more effectively. Employee