Fintech powers double-digit earnings growth at Pepkor
JSE-listed clothing and furniture retail group Pepkor expects double-digit earnings growth for the year ended 30 September, supported by another strong performance from its fintech segment, it announced in a voluntary trading update on Sens.The group – which owns major retail chains including PEP, Ackermans, PEP Cell, HiFi Corp and Tekkie Town – anticipates headline earnings per share (Heps) to rise between 10% and 20%, to a range of 153.6 cents to 167.6 cents.
For the 2025 financial year, Pepkor reported a 12% increase in revenue to R95.3 billion.
Segment performance
In the year under review, clothing and general merchandise revenue increased 8.9% to R66.9 billion, while sales of furniture, appliances, and electronics rose 7.2%. The fintech segment delivered standout growth, with revenue up 31.1% to R16.6 billion.
Pepkor attributed the substantial increase in fintech income to the expansion of financial services and mobile-connectivity offerings across its retail portfolio.
Its Flash business – which provides vouchers and prepaid products, such as airtime, data, electricity top-ups, and gaming vouchers, to the informal market – maintained strong momentum, the group said.
Pepkor is expected to release its full-year results on or around Tuesday, 25 November.