HOMECHOICE INTERNATIONAL PLC - Condensed consolidated group financial results for the year ended 31 December 2023 and cash dividend declaration

Condensed consolidated group financial results for the year ended 31 December 2023 and cash dividend declaration

HOMECHOICE INTERNATIONAL PLC
(Incorporated in the Republic of Mauritius)
Registration number: C171926
JSE share code: HIL
ISIN: MT0000850108
("HIL" or "the group")


CONDENSED CONSOLIDATED GROUP FINANCIAL RESULTS 
for the year ended 31 December 2023 and cash dividend declaration


FINTECH DOMINATES GROUP'S PROFIT, DELIVERING DOUBLE-DIGIT PROFIT GROWTH
-  Revenue firm at R3.7 billion
-  Fintech revenue up 30.5% to R1.9 billion
-  Operating profit up 28.4% to R619 million
-  Fintech contributes 92% of profits before group costs
-  Retail sales 23.6% lower to R1.2 billion 
-  Strong cash generation, customer collections up 18% to R8.5 billion
-  Earnings per share up 8.3% to 313.4 cents (2022: 289.4 cents)
-  Headline earnings per share up 7.2% to 309.3 cents (2022: 288.5 cents)
-  Final dividend declared of 83.0 cents per share (2022: 77.0 cents per share)
-  Total dividend up 9% to 153 cents per share

HIL is a fintech-focused group providing digital consumer financial solutions and products to more 
than 2.0 million mobile-savvy, mass-market customers in South Africa.


HIL has delivered a strong set of results with exceptional growth from Weaver Fintech, 
contributing 92% of the group's operating profit. 

We are thrilled to see the exponential growth in the Fintech customer base and believe there is 
vast potential to expand the Weaver Fintech product range and cross-sell these products within the 
growing ecosystem. Our digital-first approach continues to result in strong financial performance.

Considerable work has also been done in Retail to turn the business around and this is starting to 
manifest in improved performance. 

We believe our continuous investment in product innovation and exceptional digital customer 
experience are fundamental to this success. We are confident in our vision to achieve our growth 
ambitions and have sufficient funding to bring it to fruition. 


DIVIDEND DECLARATION 
Notice is hereby given that the board of directors has declared a final gross cash dividend of 
83.0 cents (66.4 cents net of dividend withholding tax) per ordinary share for the 12 months 
ended 31 December 2023. The dividend has been declared from income reserves. HIL is registered in 
the Republic of Mauritius and the dividend is a foreign dividend. A dividend withholding tax of 
20% will be applicable to all South African shareholders who are not exempt. 

The issued share capital at the declaration date is 106 730 376 ordinary shares. 

The salient dates for the dividend will be as follows: 
Last day of trade to receive a dividend                         Tuesday, 9 April 2024   
Shares commence trading "ex" dividend                        Wednesday, 10 April 2024  
Record date                                                     Friday, 12 April 2024 
Payment date                                                    Monday, 15 April 2024 

Share certificates may not be dematerialised or rematerialised between Wednesday, 10 April 2024 
and Friday, 12 April 2024, both days inclusive. 


RESULTS ANNOUNCEMENT
This results announcement is a summary of the information contained in the condensed consolidated 
group financial results (results) and does not contain full or complete details.

Any investment decisions by investors and/or shareholders should be based on a consideration of 
the results. The results and a more comprehensive analysis of HIL's results and outlook can be 
accessed on the following JSE link:

https://senspdf.jse.co.za/documents/2024/JSE/ISSE/HILE/FY2023.pdf and published on 
https://www.homechoiceinternational.com/financial-results/

The directors of HomeChoice International plc take full responsibility for the preparation of this 
report and the financial information has been correctly extracted from the underlying group 
financial statements.

Copies of the results may be requested from the company secretary at 
governance@homechoiceinternational.com

The results have been reviewed by the company's external auditors, PricewaterhouseCoopers, 
who expressed an unmodified review opinion thereon.

The Annual Financial Statements are expected to be issued on or about 27 March 2024.


CORPORATE INFORMATION
Registered office: c/o Sanlam Trustees International Limited
Labourdonnais Village, Mapou, Riviere du Rempart, 31803, Mauritius
Executive directors: S Maltz (Chair*), S Wibberley (Chief Executive Officer), P Burnett
Non-executive directors: E Gutierrez-Garcia*, M Harris, P Joubert (Lead Independent Director), 
R Phillips, A Ogunsanya* (alternate)  * non-independent
Company secretary: Sanlam Trustees International (Mauritius)
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

Mauritius, 12 March 2024



Date: 12-03-2024 08:00:00
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