Diluted HEPS 283.9cps (45.4% y-y).
Revenue increased by 29.4% y-y to R2.6bn, driven by a strong performance in both Retail (+16.2% y-y) and Fintech
(39.4% y-y).
Retail GPM up 70bps to 46.2% (1H24: 45.5%).
Total expense growth of 27.3% y-y, with expense to sales ratio down from 65.4% to 64.3%.
OPM improved by 240bps to 21.7% (1H24: 19.3%).
Dividend of 140.0cps (1H24: 95.0cps).
Gross debt up to R3.6bn (1H24: R2.5bn) with net cash falling to R20m (1H24: R188m).
Cash collections grew by 47.1% y-y to R7.7bn (1H24: R5.2 bn), outpacing the 24.4% y-y growth in the debtors’ book.
Group customer base grew 23.5% y-y to 3.3 million, with PayJustNow’s BNPL product growing to 2.4 million customers.
Loan disbursements rose 29.7% y-y to R3.6bn.
Gross merchant value (GMV) increased by 88.6% y-y to R2.8bn (1H24: R1.5bn) and generated fee income of R128m
(1H24: R73m).