Diluted HEPS of 548.5cps (+40.8% y-y).
Strong revenue growth of 23.2% y-y to R5 455m, driven by Weaver FinTech (+36.0% y-y) and Retail (+6.3% y-y).
Retail GPM increased by 10bps to 45.8%.
Total expense growth of 31.2% y-y, includes once-off capital items related to the Retail segment, which had impairments of PPE, right-of-use assets and other intangible assets amounting to R244m.
Total expense-to-sales ratio up 420bps to 69.8%.
Excluding capital items, trading expenses increased 11.0% y-y.
OPM fell by 180bps to 16.7%.
Dividend of 272.0cps (FY24: 192.0cps).
Gross debt up to R4 393m (FY24: R3 007m) with net cash rising to R219m (FY24: R43m).
Debtor costs increased by 34.0% y-y. The debtors’ book increased to R9.0bn (FY24: R7.4bn).
Loan disbursements rose 20.0% y-y to R7.6bn. Existing customers account for 88% (FY24: 85%) of the disbursement mix.
BNPL gross merchant value (GMV) grew 80% y-y to R7.1bn (FY24: R3.9bn).
