Weaver Fintech (WVR) H1 2025 earnings summary

Executive summary

• Revenue increased 29% year-over-year to R2.6 billion, with profit before tax up 48% to R370 million, driven by strong fintech performance and digital engagement.

• Fintech now generates over 90% of group profits, with customer base up 48% to 3.7 million and 91% of transactions digital.

• Fee-based income rose to 28% of revenue, reflecting successful diversification and scaling of digital products.

• Retail segment delivered 16% sales growth, supported by new showroom rollouts and improved product mix.

• Headline earnings per share rose 45% and interim dividend per share up 47%.

Financial highlights

• Group profit before tax increased 48% to R370 million; operating profit up 45% to R564 million.

• Cash collections up 47% to R7.7 billion; fintech loan disbursements and payments GMV both grew over 50%.

• Fee-based income now 28% of total revenue; lending income contributed 46%.

• Gross profit margin improved by 70bps to 46.2%; fintech profit before tax margin reached 25%.

• Available funding, including cash and undrawn facilities, stands at R2.1 billion.

Outlook and guidance

• Continued investment in AI, data, and new payment products expected to drive further fee-based innovation and cross-sell.

• Disbursements up 25%, payments GMV up nearly 91%, and retail sales up 12% since June, indicating strong momentum into the second half.

• Retail network expansion to 100 showrooms is a key growth lever, with further openings planned.

• Significant runway for growth in South Africa, with potential for future international expansion.

• Focus on cross-selling digital financial services and leveraging data analytics for next-generation product development.