HOMECHOICE INTERNATIONAL PLC - Condensed consolidated group financial results for the year ended 31 December 2024 and cash dividend declaration

Condensed consolidated group financial results for the year ended 31 December 2024 and cash dividend declaration

HOMECHOICE INTERNATIONAL PLC
(Incorporated in the Republic of Mauritius)
Registration number: C171926
JSE share code: HIL
ISIN: MT0000850108
("HIL" or "the group")


CONDENSED CONSOLIDATED GROUP FINANCIAL RESULTS 
for the year ended 31 December 2024 and cash dividend declaration


MOMENTUM ACROSS THE GROUP FUELS SURGE WITH 31% GROWTH IN PROFITS
-  Outstanding growth in customers, standing at 3.1 million
-  20.6% growth in revenue to R4.4 billion
-  Profit before tax increased 31.2% 
-  Weaver Fintech revenue up 33.8% to R2.5 billion
-  Retail sales 8.3% higher to R1.3 billion 
-  Notable cash collections growth of 41.9% to R12.1 billion
-  Earnings per share up 26.1% to 395.2 cents (2023: 313.4 cents)
-  27.3% growth in headline earnings per share to 393.9 cents (2023: 309.3 cents)
-  Final dividend declared of 97.0 cents per share (2023: 83.0 cents)

HiL is a fast-growing and highly profitable fintech-focused group providing financial solutions and 
homeware products to the mobile-savvy connected urban African female in South Africa.


"Our strategy is delivering robust growth across the group, with consistent growth evident in both 
our operations and results.
 
With more than 2.7 million fintech customers and a rapidly expanding digital footprint, we are well 
placed for further profitable growth through new customer acquisition and increased engagement 
opportunities, while transforming how South Africans engage with financial solutions. 

The expansion of our Retail showroom footprint offers customers a unique shopping experience while 
driving significant growth and an opportunity to accelerate."


DIVIDEND DECLARATION 
Notice is hereby given that the board of directors has declared a final gross cash dividend of 
97.000 cents (77.600 cents net of dividend withholding tax) per ordinary share for the year ended 
31 December 2024. The dividend has been declared from income reserves. HIL is registered in the 
Republic of Mauritius and the dividend is a foreign dividend. A dividend withholding tax of 20% 
will be applicable to all South African shareholders who are not exempt.
 
The issued share capital at the declaration date is 106 730 376 ordinary shares. 

The salient dates for the dividend are as follows: 
Last day of trade to receive a dividend                                       Tuesday, 8 April 2025 
Shares commence trading "ex" dividend                                       Wednesday, 9 April 2025 
Record date                                                                   Friday, 11 April 2025 
Payment date                                                                  Monday, 14 April 2025 

Share certificates may not be dematerialised or rematerialised between Wednesday, 9 April 2025 and 
Friday, 11 April 2025.  


RESULTS ANNOUNCEMENT
The audited group annual financial statements were approved by the board on 11 March 2025, 
upon which PwC has issued an unqualified report. 

This results announcement is the responsibility of the directors. As it does not provide all the 
details of the group annual financial statements, any investment decisions by investors and/or 
shareholders and/or bondholders should be based on consideration of the full group annual 
financial statements.

The year-end results, together with a comprehensive analysis and outlook, can be accessed on the 
following JSE cloudlink:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/HILE/FY2024.pdf and published on 
https://www.homechoiceinternational.com/financial-results/


CORPORATE INFORMATION
Registered office: c/o Sanlam Trustees International Limited
Labourdonnais Village, Mapou, Riviere du Rempart, Mauritius
Executive directors: S Maltz (Chair*), S Wibberley (Chief Executive Officer), 
P Burnett (Chief Financial Officer)
Non-executive directors: E Gutierrez-Garcia*, M Harris, P Joubert (Lead Independent Director), 
G Lartigue, R Phillips, A Ogunsanya* (alternate)  * non-independent
Company secretary: Sanlam Trustees International (Mauritius)
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

Mauritius, 11 March 2025



Date: 11-03-2025 07:30:00
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