Diluted HEPS 389.5cps (+27.1% y-y).
Strong revenue growth of 20.6% y-y to R4 427m, driven by Weaver FinTech (+33.8% y-y) and Retail (+6.7% y-y).
Retail GPM expanded by 270bps to 45.7%. This was driven by reduced markdowns, successful supplier negotiations and strong sell-throughs of HIL’s innovative products.
Expense growth of 21.9% y-y, with expense-to-sales ratio up 70bps to 65.6%.
OPM improved by 160bps to 18.5%.
Dividend of 192.0cps (FY23: 153.0cps).
Gross debt up to R3 007m (FY23: R1 944m) with net cash decreasing to R43m (FY23: R83m).
Debtor costs increased by 31.0% y-y, higher than the growth of the debtors’ book of 26.1% y-y. The debtors’ book was R7.4 billion.
Loan disbursements rose 31.1% y-y to R6.3bn. Existing customers account for 85% (FY23: 84%) of the disbursement mix.
BNPL gross merchant value (GMV) grew 160% y-y to R3.9bn and generated fees of R188m (FY23: R81m).
