HOMECHOICE INTERNATIONAL PLC - Unaudited consolidated interim results for the period ended 30 June 2024 and cash dividend declaration

Unaudited consolidated interim results for the period ended 30 June 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")


UNAUDITED CONSOLIDATED INTERIM RESULTS  
for the period ended 30 June 2024 and cash dividend declaration


EXPONENTIAL GROWTH IN THE FINTECH CUSTOMER BASE DELIVERS STRONG PROFITABILITY
-  Revenue up 14.6% at R2.0 billion
-  Fee revenue earned 32.6% higher to R0.5 billion
-  Fintech revenue up 31.5% to R1.1 billion
-  Operating profit of R388 million up 36.1% 
-  89% of transactions conducted digitally
-  Retail sales 1.7% higher to R0.6 billion 
-  Strong customer collections up 32% to R5.2 billion
-  Earnings per share up 37.0% to 196.9 cents (2023: 143.7 cents)
-  Headline earnings per share up 37.0% to 196.9 cents (2023: 143.7 cents)
-  Interim dividend declared of 95.0 cents per share (2023: 70.0 cents per share)

HIL is a Fintech-focused digital consumer financial solutions and products group providing its 
offerings to 2.5 million mobile-savvy, mass-market customers in South Africa.


HIL has delivered a strong financial performance, with exceptional growth from Weaver Fintech, 
which is contributing 95% of the group's operating profit. Our digital-first approach continues to 
provide scalability and efficiency to our businesses and outstanding customer convenience.

We are excited by the momentum in both our businesses. With more than 2.1 million Weaver customers, 
a compelling financial services offering, and 2 400 merchants in our ecosystem, we are positioned 
for a fundamental shift in Weaver Fintech's growth trajectory. We will achieve this by expanding 
the product range and cross-selling these products within the growing ecosystem. We are also 
pleased to see accelerated traction in the turnaround of the Retail business.


DIVIDEND DECLARATION 
Notice is hereby given that the board of directors has declared an interim gross cash dividend of 
95.0 cents (76.0 cents net of dividend withholding tax) per ordinary share for the six months 
ended 30 June 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, 3 September 2024    
Shares commence trading "ex" dividend                                  Wednesday, 4 September 2024  
Record date                                                               Friday, 6 September 2024 
Payment date                                                              Monday, 9 September 2024 

Share certificates may not be dematerialised or rematerialised between Wednesday, 4 September 2024 
and Friday, 6 September 2024, both days inclusive.  


RESULTS ANNOUNCEMENT
This results announcement is the responsibility of the directors of HIL. It is a summary of the 
information contained in the unaudited condensed consolidated group financial results for the 
six months ended 30 June 2024 (interim results) and does not contain full or complete details.

Any investment decisions by investors and/or shareholders should be based on a consideration of 
the interim results. The interim results, together with a comprehensive analysis and outlook, 
can be accessed on the following JSE cloudlink:
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/HILE/HY2024.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, 31803, 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), 
R Phillips, A Ogunsanya* (alternate)  * non-independent
Company secretary: Sanlam Trustees International (Mauritius)
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

Mauritius, 13 August 2024



Date: 13-08-2024 09:00:00
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