Pepkor Holdings reports 12% revenue growth amid challenging retail environment
Retail
Ackermans is a mass value retailer owned by Pepkor Holdings. The group's other best known include PEP, Shoe City and Tekkie Town. Two independent research agencies had confirmed that the group had grown market share in its year to September, 30, 2025.
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Value retailer Pepkor Holdings managed to increase revenue 12% to R95.3 billion for the year ending September 30, a result the group said had “outperformed the rest of the market.”
The share price ratcheted up by 0.83% to R26.62 on the JSE Monday morning at the release by the group of a trading statement, a price that remained in line with a range of between R23 and R30 that the share price has been trading at over the past 12 months.
In the muted economic environment and highly competitive consumer retail trading environment, Pepkor’s business model of being focused on solving customers' needs again proved its resilience and defensiveness, its directors said.
Group market share expanded based on the latest market share data (RLC September 2025 and GfK September 2025 data), they said.
Financial services and mobile connectivity expanded. The Flash business maintained strong growth, leveraging its presence in the informal market.
Clothing and general merchandise revenue increased by 8.9% to R66.9bn, while Furniture, appliances and electronics revenue increased by 7.2% to R11.8bn. The Fintech segment increased revenue by 31.1% to R16.6bn.
For the year to September 30, 2024, headline earnings a share from continuing operations were expected to increase to between 153.6 cents to 167.6 cents, or by between 10% to 20% over the previous financial year.
Normalised headline earnings per share were expected to rise to between 154.1 cents to 167.1 cents, or by 18% to 28% compared with last year.
Including discontinued operations, headline earnings per share for total operations were expected to increase to 153.1 cents to 168 cents, or by between 3% to 13%.
Discontinued operations in the 2024 year comprise The Building Company, which was disposed of on September 30, 2024, enabling the group to exit the building materials market and deliver on its objectives to streamline the portfolio of businesses, enhance return on capital, and optimise shareholder returns.
The full results are expected to be published on November 25.
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