Interfront 2025 Annual Report

127 FINANCIAL INFORMATION Non-current assets remained relatively stable, decreasing by 1.6%. This was due to the routine amortisation of intangible assets, partially offset by additions to Property, Plant, and Equipment, aligned with the increase in employee numbers and corresponding infrastructure requirements. Current liabilities increased by 10.9%, primarily due to higher staff-related provisions associated with a growing workforce. VAT payable declined by 5.4%, primarily due to timing differences in the monthly billing. In contrast, payables from exchange transactions rose by 9.6%, driven by an increase in staff-related liabilities linked to a growing workforce and timing variance in trade payables. The company saw a 67.4% decrease in non-current liabilities, mainly due to the reversal of the non-current portion of its operating lease liabilities. In line with its financial model, Interfront achieved a net accounting surplus of R6.91 million, resulting in a 12.6% increase in net assets, which now total R61.9 million (up from R55 million in 2024). This outcome strengthens the entity’s financial sustainability and its ability to meet future obligations without reliance on external funding. Conclusion Interfront continues to show sound financial management and a strong commitment to public accountability, transparency, and fiscal discipline. The company remains focused on strengthening its capacity and operational resilience to deliver on its expanded mandate, while creating sustainable value for its stakeholders and making a meaningful contribution to the broader public sector objectives.