In its financial results for the first half of 2025, the group’s retail division, including Homechoice, reported a double-digit sales increase of 12% to R677 million (H1 24: R604 million).
Operating profit increased by 63% to R31 million (H1 24: R19 million), with the retail division getting 131,000 new customers.
Homechoice’s showroom expansion contributed 29% to total retail sales, trading from 46 showrooms (H1 24: 22) across seven provinces.
Ten showrooms were opened in the first six months of 2025, and 12 are planned for the second half.
Homechoice’s focus on its heritage bedding and textile merchandise resulted in increased sales of these products, with a contribution of 62% (H1 24: 60%).
Despite the retail growth, the group recently changed its name from Homechoice International plc to Weaver Fintech to reflect its wider portfolio.
The group’s Fintech operations contribute 98% of profit before tax, with its new name reflecting that the primary engine of performance and profitability is Fintech.
The group’s fintech saw revenue increase 39% to R1.6 billion. Fee income grew 43% to R581 million.
The strong growth in fee income and cost efficiencies from a scaling digital business helped the division see a 46% increase in profit before tax to R402 million (H1 24: R275 million).
Finchoice and PayJustNow’s trading brands continue to acquire over 100,000 new customers per month, adding to the existing 3.3 million customers.
The fintech business also plans to offer advanced B2B merchant services to its network of over 3,100 merchants, creating further growth opportunities for the group.
Product upgrades are also in development, including additional insurance and payment offerings that are set to launch in the second half of 2025.
Regarding financials, the group’s profit before tax increased 48% to R370 million.
Its basic earnings per share also jumped 45% to 285.5 cents. The group’s interim dividend increased by 47.1% to 140 cents per share.
| Financial Metric | 30 Jun 2025 (Unaudited) | 30 Jun 2024 (Unaudited) | Change |
|---|---|---|---|
| Total revenue | R2,597 million | R2,007 million | 29.4% |
| Profit before tax | R370 million | R250 million | 48.0% |
| Earnings per share (EPS) | 285.5 cents | 196.9 cents | 45.0% |
| Headline EPS | 285.5 cents | 196.9 cents | 45.0% |
| Interim dividend declared/paid | 140.0 cents | 95.0 cents | 47.4% |
| Customers | 3,751,000 | 2,530,000 | 48.3% |
Issued on BusinessTech by Luke Fraser | https://businesstech.co.za/news/business/834637/major-retailer-opening-new-stores-across-south-africa/
