10. EARNINGS PER SHARE
 
Company   Group
2025
Rm
2024
Rm
  2025 
Rm 
2024 
Rm 
  Earnings per share and diluted earnings per share are based on the income attributable to ordinary shareholders of R1 494 million (2024: R1 462 million). 
  The earnings per share calculations are based on 1 189 757 731 (2024: 1 197 758 483) weighted average number of shares in issue during the period, excluding weighted average treasury shares. 
  Reconciliation of shares in issue: 
  – Total number of shares issued  1 321 654 148     1 321 654 148 
  – Shares held by the Italtile Share Incentive Trust  (9 922 234)    (9 922 234)
  – Shares held by the Italtile Retention Trust  (14 995 000)    (7 966 667)
  – Black economic empowerment treasury shares  (60 191 961)    (61 414 168)
  – Shares held by Italtile Ceramics (Pty) Ltd  (44 127 495)    (49 876 528)
  – Treasury shares held by the Staff Share Scheme Trust  (2 673 015)    (2 737 417)
  Shares in issue to external parties  1 189 744 443     1 189 737 134 
The calculation of diluted earnings per share is based on:
Weighted average number of shares in issue for basic earnings per share 1 189 757 731   1 197 758 483 
Potentially dilutive ordinary shares resulting from outstanding share-based payment awards per note 6 –  – 
Weighted average number of shares for diluted earnings per share 1 189 757 731   1 197 758 483 
Earnings per share (cents) 125,6   122,1 
Diluted earnings per share (cents) 125,6   122,1