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01 MultiChoice at a glance

About this report Our business overview MCG group structure and ecosystem Our investment case Our vision, purpose and values we stand for Chairman's letter

02 Creating value

Value creation for our stakeholders and providers of capital A business model that drives value

How our activities added value for our stakeholders

Value created by our group Value created for our customers Value created for our employees Value created for our suppliers and partners Value created for governments and regulators Value created for our shareholders and lenders Delivering value to our society

03 Sustaining value

Our approach to sustainable value creation Our external business environment Material matters Opportunities and risks Our strategic priorities

04 Performance

From the desk of the CEO General Entertainment SuperSport South Africa operations Rest of Africa operations Showmax operations Irdeto operations Other operations Chief Financial Officer's performance review

05 Corporate Governance

Our board of directors Our approach to governance Entrenching an ethical culture Delivering good performance Maintaining our legitimacy Ensuring effective control Board committees Remuneration report

06 Shareholder information

Share register analysis Shareholder diary Glossary of terms Administration and corporate information Forward-looking statements

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MultiChoice Group Integrated Annual Report 2025