Full Year 2025 We Buy Cars Holdings Ltd Earnings Call Transcript
Key Points
- We Buy Cars Holding Ltd (JSE:WBC) reported a 15% growth in core headline earnings, reaching ZAR937.6 million.
- Revenue increased by 13.1% to ZAR26.4 billion, driven by an 8.4% increase in volumes and higher average selling prices.
- The company declared a 20% increase in dividends, with a final dividend of ZAR0.30 per share.
- Expansion efforts included opening 23 new buying pods and two new supermarkets, contributing to a 7.7% increase in units bought and an 8.4% increase in units sold.
- Significant progress in digital transformation and AI adoption, enhancing operational efficiency and customer experience.
- The competitive landscape intensified with the entry of Chinese and Asian brands, impacting turnover in overlapping price segments.
- Short-term pressure on margins due to strategic price adjustments to stimulate sales and protect liquidity.
- The finance channel faced challenges with lower bank approval rates and competitive offerings from new entrants.
- Inventory write-down increased to 3% of total motor vehicle inventories due to higher inventory value and competitive pressures.
- The growth in volumes, margin, and profitability slowed in the second half of the financial year due to a competitive trading environment.
Good day, everyone. I'm Faan van der Walt, CEO of We Buy Cars. It gives me great pleasure to welcome you and present another successful set of results for the financial year ended September 30, 2025. Joining me today are Chris Rein, our Chief Financial Officer; Willem Klopper, Chief of Strategy; and Wynand Beukes, our Chief Digital Officer.
I'll begin this presentation with a brief overview, after which Chris will take you through our financial performance for the year under review. Willem will then provide an update on our ESG initiatives, property expansion program and strategic priorities. Finally, Wynand will showcase how data, innovation and technology continues to drive We Buy Cars forward.
After Wynand's section, we'll open the floor to questions. Please submit any questions you may have in the questions tab on the left side of your screen. For We Buy Cars, the 2025 financial year was one of continued growth, achieved in a challenging and fast-changing environment. Despite some relief
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