Calgro M3 Holdings Limited · JSE:CGR
Calgro M3 — H1 2026 Earnings Presentation
27 slides from Calgro M3's earnings presentation, Oct 19, 2026
Slide 1: Unaudited Condensed Consolidated Interim Results
2026 UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS For the six months ended 31 August 2026
Slide 2: Overview
Overview Residential Property Memorial Parks Development The Group develops integrated housing developments comprising subsidised housing, social Calgro M3 Memorial Parks is an alternative to traditional cemeteries, offers a dignified, secure housing, First Home Finance (“FHF”), affordable investmen
Slide 3: Salient features and Commentary
Salient features Commentary Cash collections from During the six-month period, the Group 1 418 residential opportunities 1 724 serviced Memorial Parks business continued to actively execute its Board under construction residential opportunities R61 million approved strategy, furthering progress on a
Slide 4: Strategic overview and progress
Strategic overview and progress In the 2026 financial year the Group implemented a refined strategy prioritising four key pillars, aimed at driving long-term sustainable growth. These pillars focus on the disposal of non-core assets, the accelerated completion or trading out of non-core projects whi
Slide 5: Strategic overview and progress (continued)
Strategic overview and progress (continued) Strategic priority as previously reported 2 Strategic portfolio optimisation and risk diversification Rationale Rationale Trade-out of non-core developments Core developments The strategic objective of the Residential Property Development segment remains t
Slide 6: Strategic overview and progress (continued)
Strategic overview and progress (continued) Strategic priority as previously reported 3 4 Reduction of debt in the long term Enhancing staff expertise Rationale Rationale While the long-term objective remains reducing net debt, liquidity and cash flow management The development of key talent remains
Slide 7: Commentary (continued)
Commentary (continued) Group financial overview units under construction and completed. The increase in this balance reflects a combination of the With a marginal increase in revenue and the gross margin remaining stable, the Group navigated a development of sectional title units that will be comple
Slide 8: Commentary (continued)
Commentary (continued) Residential Property Development Core developments The segment delivered a consistent performance in a challenging operating environment. Infrastructure The BDC project remains on track for completion of phase 1 bulk and link infrastructure in Q1 2028 construction continued at
Slide 9: Commentary (continued)
Commentary (continued) Memorial Parks The objective remains to grow the segment by opening a new memorial park every two years. This two- The Memorial Parks segment delivered another period of growth in profitability, revenue and cash year timeframe allows new parks to contribute positively to profi
Slide 10: Commentary (continued)
Commentary (continued) Dividends Prospects In line with the dividend policy, the Board did not declare an interim dividend. Looking ahead, the Group expects the operating environment to remain constrained, with end-user demand and the pace of recovery in the affordable housing market continuing to b
Slide 11: Bankenveld District City
Bankenveld District City Calgro M3 Unaudited condensed consolidated interim results for the six months ended 31 August 2026 10
Slide 12: Statement of financial position and comprehensive income
Unaudited condensed consolidated Unaudited condensed consolidated statement of financial position statement of comprehensive income for the six months ended 31 August 2026 for the six months ended 31 August 2026 Unaudited Unaudited Audited Unaudited Unaudited Audited August August February August Au
Slide 13: Statement of changes in equity
Unaudited condensed consolidated statement of changes in equity for the six months ended 31 August 2026 Share-based Non- Stated payment Retained controlling Total R’000 capital reserve income Total interests equity Balance at 1 March 2025 33 909 486 1 396 027 1 430 422 3 254 1 433 676 Shares repurch
Slide 14: Statement of cash flows and segment report
Unaudited condensed consolidated Unaudited condensed segment statement of cash flows report for the Group The Chief Operating Decision Makers (“CODM”) manages the Group activities in two distinct segments, Unaudited Unaudited Audited namely: August August February R’000 2026 2025 2026 Cash utilised
Slide 15: Segment report for the Group (continued)
Unaudited condensed segment report for the Group (continued) Residential Residential Property Memorial Holdings Property Memorial Holdings R’000 Development Parks and other Total R’000 Development Parks and other Total August 2026 August 2025 Total segment revenue 417 862 47 806 – 465 668 Total segm
Slide 16: Segment report for the Group (continued)
Unaudited condensed segment report for the Group (continued) Residential Residential Property Memorial Holdings Property Memorial Holdings R’000 Development Parks and other Total R’000 Development Parks and other Total August 2026 February 2026 Assets Assets Cash and cash equivalents 48 510 2 244 1
Slide 17: Notes to the condensed consolidated interim financial statements
Notes to the condensed consolidated interim financial statements 1. Basis of preparation 3. Earnings reconciliation 1.1 Statement of compliance The condensed consolidated interim financial statements have been prepared in Unaudited Unaudited Audited accordance with International Financial Reporting
Slide 18: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 4. Construction contracts 6. Financial instruments The Group has three types of financial and contract assets that are subject to the expected credit Unaudited Audited loss model: August February ` Loans to joint venture 20
Slide 19: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 6. Financial instruments (continued) The concentration of gross carrying amount of financial assets relevant to the applicable ECL rates are Financial assets that exhibit similar credit risk and behaviour are grouped togeth
Slide 20: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 6. Financial instruments (continued) The concentration of gross carrying amount of financial assets relevant to the applicable ECL rates are Reconciliation of expected credit losses on financial assets at amortised cost – A
Slide 21: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 6. Financial instruments (continued) 8. Revenue Reconciliation of expected credit losses on financial assets at amortised cost – August 2025 Unaudited Unaudited Expected Opening Closing August August credit loss balance Cur
Slide 22: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 10. Finance cost 12. Related party transactions Unaudited Unaudited Unaudited Unaudited August August August August 2026 2025 2026 2025 Bank 2 484 2 598 Compensation paid to key employees and personnel* 15 256 13 633 Unwind
Slide 23: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 13. Fair values (continued) Comparison of carrying and fair values of applicable line items in the statement of financial position: Fair value Carrying values Level 2 Level 3 August February August February August February
Slide 24: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 16. JSE Limited Listings Requirements Debt service cover ratio (“DSCR”) The unaudited condensed consolidated interim financial statements have been prepared in This ratio is calculated as available cash flow divided by debt
Slide 25: Notes to the financial statements (continued)
Notes to the condensed consolidated interim financial statements (continued) 18. Ratio calculations (continued) Liquidity ratio This ratio is calculated as the ratio of current assets to current liabilities as defined. Current assets has been defined as cash and cash equivalents, trade and other rec
Slide 26: General information
General information Calgro M3 Holdings Limited Postal address Secretary Incorporated in the Republic of South Africa Private Bag X33 Juba Statutory Services (Pty) Ltd, represented by Sirkien van Craighall Schalkwyk Registration number 2024 2005/027663/06 Directors Published BP Malherbe Executive Sha
Slide 27: www.calgrom3.com
—_ CALGRO M3 Group www.calgrom3.com