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Tue 4 Nov 2025
Close: 508c 
Day's move: 8c (+1.60%)
Volume: 164 957
Trades: 22
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Revenue for the interim period lowered to R460.0 million (2024: R512.0 million) while gross profit decreased to R135.4 million (2024: R151.4 million). Profit after taxation and other comprehensive income attributable to owners of the parent came to R79.9 million (2024: R96.9 million). Furthermore, headline earnings per share were reported lower at 82.86 cps (2024: 100.87 cps).
Dividends
In line with the dividend policy, the Board did not declare an interim dividend.
Company prospects
Calgro M3 continues to experience demand for both residential housing units and memorial park burial sites, solidifying its strategic focus on high-demand niches in the South African economy.
The reductions in interest rates have shown a positive response, albeit at a slower pace than initially anticipated. Despite the interest rate being held at the current level by the Monetary Policy Committee during September, market sentiment shows an uptick and both increases in home loan volumes and approvals across the market.
The implementation of the strategic pillars outlined is necessary as the Bankenveld District City development begins and the Group positions to execute on fewer projects with equitable contribution levels. At the same time, the Memorial Parks business has matured, is extremely cash generative and is poised for further growth. This revitalised strategy which supports future growth has invigorated the entire business whilst also ensuring that the debt structure of the business is aligned with its size and capital requirements.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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