Diluted HEPS 120.0cps (LY: -20.7cps).
Turnover increased by 15.2% y-y to R13 135m. Buying volumes at 92 339 vehicles (+12.9% y-y) and selling volumes at 91 392 vehicles (+13.5% y-y).
Expenses increased by 14.4% y-y while expense-to-sales decreased from 95.0% to 94.4%.
OPM increased from 5.0% to 5.6%.
Dividend of 30.0cps (1H24: nil).
Cash generated from operating activities increased from R267m to R284m.
WBC experienced buoyant pre-owned vehicle trading conditions in the first four months of the interim period, driven by positivity around the favourable election outcome, lower inflation levels and repo rate cuts. In February 2025, this positivity waned, with consumers adopting a “wait and see” attitude after experiencing increased uncertainties.
The WBC website is averaging 8.1 million monthly visits with 2.5 million unique visitors for the six months ended 31 March 2025.
