Logotype for Pepkor Holdings Limited

Pepkor Holdings Limited (PPH) investor relations material

Pepkor Holdings Limited H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Pepkor Holdings Limited
H1 2025 earnings summary27 May, 2025

Executive summary

  • Revenue grew 12.8% year-over-year to R48.8bn for H1FY25, driven by strong retail and fintech performance, with market share gains and robust trading momentum.

  • Normalised HEPS increased 18.9% to 84.3c, reflecting disciplined cost management and strong underlying earnings growth after adjusting for prior year tax provision releases.

  • Operating profit rose 13.3% to R5.8bn, with margin improving to 11.9%, just below the 12% target.

  • Retail remains the core profit driver, while fintech and financial services expanded their contributions, with FinTech now contributing 60% of group revenue.

  • Cash conversion at 82% and return on net assets at 23.7% on a rolling 12-month basis.

Financial highlights

  • Gross profit rose 15.9% to R19.1bn, with gross margin up 110bps to 39.2%.

  • Operating profit before capital items increased 13.3% to R5.8bn; operating margin at 11.9%.

  • Net debt reduced to R10.3bn, with net debt-to-EBITDA below 1x and successful bond placements and refinancing at lower rates.

  • Inventory levels rose 13.5% to R18.3bn, reflecting buffered inflows, new store openings, and higher-value handsets.

  • Cash up 36% year-over-year, despite increased investment in credit books and inventory.

Outlook and guidance

  • Focus on sustained performance in traditional retail, disciplined cost management, and continued execution of strategic growth levers.

  • Group plans to open 250–300 new stores in FY25, leveraging acquisitions and digital initiatives.

  • Positive sales momentum continues into H2, with inventory levels expected to normalize by year-end.

  • Major focus on integrating recent acquisitions, especially Okay Furniture and LEGIT.

  • No interim dividend declared; full-year dividend policy with 3x earnings cover remains.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Pepkor Holdings Limited earnings date

Logotype for Pepkor Holdings Limited
H2 202525 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Pepkor Holdings Limited earnings date

Logotype for Pepkor Holdings Limited
H2 202525 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Pepkor Holdings Limited is an investment holding company based in South Africa, operating in the retail sector. A subsidiary of Steinhoff International Holdings NV, Pepkor specializes in the retailing of clothing and general merchandise, including furniture, appliances, electronics, and building materials, along with offering fintech solutions. The company's product portfolio spans across clothing, footwear, textiles, homeware, babywear, cellular products, and school wear, among other items. Pepkor operates under several retail brands such as Tekkie Town, Refinery, Dunns, Shoe City, CODE, and S.P.C.C. Its fintech operations cover value-added and credit services. With a significant presence in South Africa, Pepkor's operations extend to other African countries and Brazil, managing a variety of retail brands that cater predominantly to the discount and value consumer segments. The company is headquartered in Cape Town, Western Cape, South Africa, and its shares are listed on the Johannesburg Stock Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage