Pepkor Holdings Limited (PPH) CMD 2026 presentation summary

Strategic vision and platform evolution

• Focus on making life's essentials affordable and accessible, with a retail-powered consumer platform spanning over 6,500 stores and 32 million known customers, driving more than 2 billion transactions annually.

• Omnichannel reach and scalable consumer platform enable monetization across retail, financial services, and informal markets, multiplying customer lifetime value from babywear to banking.

• Strategic delivery includes expanding adultwear, growing retail credit, leveraging insurance, and expanding the Flash ecosystem, with significant gains in market share and customer accounts.

Financial performance and growth model

• Achieved double-digit revenue and operating profit growth, with FY25 revenue at R95.3bn (+12%) and operating profit at R11.1bn (+13.2%).

• Normalised HEPS grew 23.4% to 161.0c, with a 24% RONA and strong cash conversion (>80%).

• Financial model targets 10–15% annual growth in operating profit and headline earnings, with sustainable capex at 2.5% of revenue and gearing levels between 0.5x–1.0x.

Segment performance and portfolio management

• Clothing & General Merchandise (CGM) remains the core, contributing 72% of group revenue and 78% of headline earnings.

• Financial services and informal market platforms are fast-growing, with Finserv revenue CAGR >20% and informal market platform revenue CAGR 7–10%.

• Portfolio consolidation includes strategic M&A, divestments, and closure of underperforming brands, with a focus on scale, efficiency, and value creation.