Diluted HEPS 195.2cps (38.8% y-y).
Revenue increased by 14.6% y-y to R2.0bn, driven by strong performance in Weaver FinTech which saw revenue increase by 31.5% y-y to R1.1bn.
Retail GPM up to 45.5% (1H23: 43.6%)
Expense growth of 14.4% y-y with expense to sales ratio slightly down from 65.6% to 65.4%.
OPM improved by 300bps to 19.3% (1H23: 16.3%).
Dividend of 95.0cps (1H23: 70.0cps).
Gross debt up to R2.5bn (1H23: R1.9bn) with net cash increasing to R188m (1H23: R170m).
Group customer base up to 2.5 million, primarily within Weaver FinTech.
Loan disbursements increased by 17.4% y-y to R2.8 billion for 1H24, with 87% of the disbursement mix directed to proven existing customers.
Gross merchant value (GMV) increased by 174.1% y-y to R1.5 billion (1H23: R0.5 billion) and generated fees of R73 million (1H23: R29 million) from the digital BNPL product.
