South Africa · Delayed Price · Currency is ZAR · Price in ZAc Pepkor Holdings Earnings Call Transcripts
Fiscal Year 2026
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Flash and Shop2Shop will merge to form a leading fintech platform focused on South Africa's informal market, with Pepkor holding a 57.1% stake after a ZAR 1.57 billion cash investment. The deal targets significant synergies, a future listing in about three years, and positions the group for long-term growth and value creation.
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Normalized HEPS grew 12.1% with strong revenue and financial services performance, despite macroeconomic and operational challenges. M&A integration, digital expansion, and banking project progress underpin future growth, with expense growth expected to slow in H2.
Fiscal Year 2025
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Revenue grew 12% to ZAR 95 billion, with normalized HEPS up 23.4% and strong cash generation. Fintech, especially FoneYam, drove profit growth, while strategic acquisitions and disciplined cost control supported future expansion. Dividend increased by 10%.
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Normalized HEPS rose 18.9% year-over-year, with revenue up 12.8% and fintech driving growth. Operating profit and cash generation were strong, while acquisitions and digital expansion remain key priorities.
Fiscal Year 2024
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Revenue grew 9.2% year-over-year, with operating profit up 17.4% and strong cash generation. Fintech and financial services delivered standout growth, while new acquisitions and store expansion support a positive outlook for the next year.