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Calgro M3 Holdings (CGR) investor relations material
Calgro M3 Holdings H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue declined to R460 million for the period ended 31 August 2025, down 10.2% year-over-year, with gross profit margin maintained at 29.43% through cost management and historical land costs.
Net asset value per share increased by up to 6.41% to R15.82, while EPS and HEPS decreased to 83.00 cps and 82.86 cps, respectively, compared to 101.40 cps in the prior year.
Share buy-back of 1.3 million shares executed, reducing share capital by R6.66 million, and cash collections from Memorial Parks exceeded R50 million.
Strategic focus on the Bankenveld District City project, with infrastructure installation underway and public sector agreements pending.
Financial highlights
Gross profit margin sustained at 29.43% (Aug 2024: 29.57%).
Net debt to equity ratio increased to 0.71 (Feb 2025: 0.65), remaining within covenant limits.
Cash and cash equivalents at period end were R163.3 million, with a liquidity ratio of 2.02.
Operating cash flow was negative at R50.6 million, mainly due to increased construction contract balances and infrastructure spend.
Total assets rose to R3.47 billion, up from R3.27 billion in February 2025, driven by an 11.2% increase in construction contracts.
Outlook and guidance
Anticipates improved home loan affordability and increased market demand by Q3 2025, following interest rate cuts.
Strategic pillars focus on asset optimisation, debt reduction, and expanding the Memorial Parks footprint.
The Bankenveld District City project is expected to drive future growth, with phase 1 infrastructure underway and public sector negotiations ongoing.
Targeting further improvement in liquidity, net asset value, and shareholder returns.
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