Homeware retailer Homechoice continues to expand its showrooms, rolling out the brand across the country under its parent company’s new name, Weaver Fintech.\u00a0<\/p>\n\n\n\n
In its financial results for the first half of 2025, the group\u2019s retail division, including Homechoice, reported a double-digit sales increase of 12% to R677 million (H1 24: R604 million). <\/p>\n\n\n\n
Operating profit increased by 63% to R31 million (H1 24: R19 million), with the retail division getting 131,000 new customers. <\/p>\n\n\n\n
Homechoice\u2019s showroom expansion contributed 29% to total retail sales, trading from 46 showrooms (H1 24: 22) across seven provinces. <\/p>\n\n\n\n
Ten showrooms were opened in the first six months of 2025, and 12 are planned for the second half. <\/p>\n\n\n\n
Homechoice\u2019s focus on its heritage bedding and textile merchandise resulted in increased sales of these products, with a contribution of 62% (H1 24: 60%). <\/p>\n\n\n\n
Despite the retail growth, the group recently changed its name from\u00a0Homechoice International plc to Weaver Fintech to reflect its wider portfolio.\u00a0<\/p>\n\n\n\n
The group\u2019s Fintech operations contribute 98% of profit before tax, with its new name reflecting that the primary engine of performance and profitability is Fintech. <\/p>\n\n\n\n
The group\u2019s fintech saw revenue increase 39% to R1.6 billion. Fee income grew 43% to R581 million.<\/p>\n\n\n\n
The strong growth in fee income and cost efficiencies from a scaling digital business helped the division see a 46% increase in profit before tax to R402 million (H1 24: R275 million).<\/p>\n\n\n\n
Finchoice and PayJustNow’s trading brands continue to acquire over 100,000 new customers per month, adding to the existing 3.3 million customers. <\/p>\n\n\n\n
The fintech business also plans to offer advanced B2B merchant services to its network of over 3,100 merchants, creating further growth opportunities for the group. <\/p>\n\n\n\n
Product upgrades are also in development, including additional insurance and payment offerings that are set to launch in the second half of 2025. <\/p>\n\n\n\n
Regarding financials, the group\u2019s profit before tax increased 48% to R370 million. <\/p>\n\n\n\n
Its basic earnings per share also jumped 45% to 285.5 cents. The group\u2019s interim dividend increased by 47.1% to 140 cents per share.<\/p>\n\n\n\n Despite the broader group changing its name to Weaver Fintech, Homechoice continues to expand its retail operations. <\/p>\n","protected":false},"author":95,"featured_media":834639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[13303,16452,23351,23350],"class_list":["post-834637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-finchoice","tag-homechoice","tag-payjustnow","tag-weaver-fintech"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=834637"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834637\/revisions"}],"predecessor-version":[{"id":834650,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834637\/revisions\/834650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834639"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=834637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=834637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=834637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Financial Metric<\/th> 30 Jun 2025 (Unaudited)<\/th> 30 Jun 2024 (Unaudited)<\/th> Change<\/th><\/tr><\/thead> Total revenue<\/td> R2,597 million<\/td> R2,007 million<\/td> 29.4%<\/td><\/tr> Profit before tax<\/td> R370 million<\/td> R250 million<\/td> 48.0%<\/td><\/tr> Earnings per share (EPS)<\/td> 285.5 cents<\/td> 196.9 cents<\/td> 45.0%<\/td><\/tr> Headline EPS<\/td> 285.5 cents<\/td> 196.9 cents<\/td> 45.0%<\/td><\/tr> Interim dividend declared\/paid<\/td> 140.0 cents<\/td> 95.0 cents<\/td> 47.4%<\/td><\/tr> Customers<\/td> 3,751,000<\/td> 2,530,000<\/td> 48.3%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"