Revenue by Segment

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021	Feb '20 Feb 29, 2020	Feb '19 Feb 28, 2019	Feb '18 Feb 28, 2018	Feb '17 Feb 28, 2017
Balwin Foundation	1.24M	2.12M	1.61M	5.09M	2.68M
Balwin Foundation Growth	-41.52%	31.90%	-68.49%	89.86%	-
Provision of Services to Residential Estates	150.71M	107.01M	93.83M	50.11M	33.28M
Provision of Services to Residential Estates Growth	40.84%	14.05%	87.23%	50.60%	-
Bond Commission	16.74M	12.37M	12.49M	17.00M	-
Bond Commission Growth	35.27%	-0.94%	-26.53%	-	-
Residential and Commercial Property Rentals	51.54M	56.42M	26.23M	10.89M	-
Residential and Commercial Property Rentals Growth	-8.65%	115.14%	140.88%	-	-
Sale of Apartments, Development Rights and Land	2.47B	2.04B	2.22B	3.24B	3.09B
Sale of Apartments, Development Rights and Land Growth	21.05%	-8.06%	-31.50%	5.00%	-
Total	2.69B	2.22B	2.36B	3.33B	3.13B
Total Growth	21.27%	-5.74%	-29.17%	6.45%	15.73%

Source: S&P Global Market Intelligence.