Calgro M3 Holdings Limited provided earnings guidance for the year ended February 29, 2024. for the year, the company expects earnings per share ("EPS") will increase by at least 20% to be at least 184.04 cents, when compared to the EPS of 153.37 cents reported for the year ended 28 February 2023. This improvement in EPS is a result of prudent capital allocation and was achieved through a combination of the reduction in the Company's issued share capital and the operational performance of the Group's divisions within the year.

The reduction in the Company's issued ordinary shares from 121,400,069 million shares to 95,487,126 million shares is a result of the share repurchase programme implemented by the board in terms of its general authority, at a total cost of ZAR 72.7 million in the current financial year.