South Africa · Delayed Price · Currency is ZAR · Price in ZAc Weaver Fintech Earnings Call Transcripts
Fiscal Year 2026
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Revenue rose 10% year-over-year, led by payments and insurance, while PBT fell 9% due to higher provisions and tightened lending. Payments revenue surged 88%, fintech ROE reached 24.4%, and customer engagement grew, with over 5 million users and strong cross-sell. Capital is being reinvested in fintech amid macro headwinds.
Fiscal Year 2025
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Trading profit exceeded ZAR 1.1 billion with revenue up 23% and PBT up 43% year-over-year, driven by Fintech's strong performance and digital innovation. The group targets further growth in fee-based verticals, merchant expansion, and digital products, while retail shifts to focus on profitability and capital returns.
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Profits rose 48% and revenue nearly 30% year-over-year, driven by fintech growth and digital innovation. Strong margin expansion, robust cash flows, and continued investment in AI and new products position the group for further growth in South Africa.
Fiscal Year 2024
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Revenue and profit before tax grew over 20% and 30% year-over-year, led by fintech and strong customer growth. Fintech fee income doubled, retail margins improved, and digital/AI strategies drove efficiency. Funding remains robust, with continued expansion in showrooms and product innovation.
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Profits surged 36% on strong fintech growth, with digital transactions nearing 90% and cross-selling up 10x. Retail margins and cash sales improved, while the group maintains a debt-focused funding strategy and expects continued momentum in H2.