We Buy Cars Holding Ltd (JSE:WBC)

Half Year 2026 We Buy Cars Holdings Ltd Earnings Call Transcript

May 18, 2026 / 10:59 AM GMT

Release Date Price: R37.5 (+6.75%)

Transcript

Key Points

Positve

Revenue increased by 7.8% to R14.2 billion, supported by higher volumes and average selling prices.
Units bought and sold increased, with record sales and buying months in March and January 2026, respectively.
The company successfully opened three new supermarkets, expanding national parking bay capacity by 23.6%.
Dividend payout increased by 10% compared to the prior period, reflecting a strong commitment to shareholder returns.
The acquisition of a 49% stake in GOBIT is expected to enhance the company's value chain and profitability.

Negative

Headline earnings decreased by 1.6% due to a challenging deflationary trading environment.
Gross margins were pressured by the need to adjust selling prices in response to competitive pricing from new Asian vehicle brands.
Consumer confidence remained subdued, impacting demand and purchasing activity.
The finance channel faced difficulties with lower consumer confidence and bank approval rates.
Cash generated from operating activities decreased significantly due to the working capital required for new supermarket openings.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WBCJ.J - We Buy Cars Holdings Ltd
Half Year 2026 We Buy Cars Holdings Ltd Earnings Call
May 18, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good day, everyone, and thank you for joining us today. I'm Fahn van der Walt, Chief Executive Officer of WeBuyCars.

It's a pleasure to present our interim results for the six months ended 31 March 2026. Alongside me, I have three of my colleagues. Firstly, Dr. Wijnan Beekers, our Deputy CEO, then Chris Ryan. Our Chief Financial Officer, and Willem Klopper, our Chief Strategy Officer, who is also responsible for Investor Relations.

I will begin with an overview of our performance for the period under review.

Venant will then provide insights into the market conditions and outline some strategic priorities.

Chris will then take you through our financial performance in detail. Followed by

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