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Trading statement and publication date of the financial results for the year ended 30 September 2025
WE BUY CARS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 2020/632225/06
JSE Share code: WBC
ISIN: ZAE000332789
("WeBuyCars" or "the Group")
TRADING STATEMENT AND PUBLICATION DATE OF THE FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited ("JSE"), a listed company is
required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial
results for the next period to be reported on will differ by 20% or more from the financial results for the previous
corresponding period.
WeBuyCars utilises core headline earnings to measure and benchmark the underlying performance of the
business. Core headline earnings represents headline earnings adjusted for certain non-recurring or non-
cash items that, in the view of the Group's board of directors ("the Board"), may distort the financial results
from period to period.
Accordingly, the Board advises shareholders that it is reasonably certain that the financial results for the year
ended 30 September 2025, when compared with the results for the year ended 30 September 2024
("previous corresponding period"), are expected to be as follows:
Total Earnings Year ended 30 September 2025 Year ended 30
September 2024
Expected number range Expected Actual reported
percentage change
Core headline earnings (i) R917,2 million to R958,0 increase between R815,4 million
million 12% to 17%
Core headline earnings 219,2 cents to 230,1 cents increase between 217,4 cents
per share ("CHEPS")(i), (ii) 0,8% to 6%
Basic earnings R926,8 million to R944,0 increase by more R343,1 million
million than 100%
Basic earnings per 221,8 cents to 226,4 cents increase by more 91,5 cents
share ("EPS")(ii) than 100%
Headline earnings R929,0 million to R946,2 increase by more R343,9 million
million than 100%
Headline earnings per 222,3 cents to 226,9 cents increase by more 91,7 cents
share ("HEPS")(ii) than 100%
i. Core headline earnings is a non-IFRS measure which excludes gains/losses, costs and adjustments relating to
acquisitions and disposals of investments; once-off transaction costs which are directly attributable to corporate
activity; and non-cash accounting adjustments to the call option derivative asset relating to non-controlling
interests.
ii. Weighted average number of ordinary shares ("Shares") in issue at 30 September 2025: 417 401 341 (30
September 2024: 375 029 205). Actual number of Shares in issue at 30 September 2025: 417 675 981 (30
September 2024: 417 181 120).
The 83 185 241 new Shares issued on 29 February 2024, 27 March 2024 and 11 April 2024, have an
unfavourable impact on the core headline earnings per share, the basic earnings per share and the headline
earnings per share for the year ended 30 September 2025. These new Shares were issued in terms of the
pre-listing capital raise, which was approved by shareholders prior to the listing of WeBuyCars on the Main
Board of the JSE on 11 April 2024. More details relating to the new Share issues are set out in the Pre-listing
Statement (dated 12 March 2024) and in the Integrated Annual Report for the year ended 30 September 2024.
There were no EPS or HEPS adjustments for the year ended 30 September 2025, other than a loss on
the sale of property, plant and equipment, which amounted to R2,2 million. However, EPS and HEPS for
the previous corresponding period were impacted by the following non-core, once-off transaction costs
and non-cash call option derivative accounting adjustments:
1. Pursuant to the successful listing on the Main Board of the JSE, the Group incurred once-off
professional, legal and JSE listing fees totalling R45,0 million.
2. The call option derivative asset of R426,5 million (as at 30 September 2023) relating to the pre-
listing call options on the founders' 25,1% shareholding in the Group was derecognised on 25
March 2024. This fair value loss on derecognition of the call option derivative was once-off in
nature, non-core and had no cash flow impact.
The financial information on which this trading statement is based, has not been reviewed or reported
on by the Group's external auditors.
The audited financial results for the year ended 30 September 2025 are expected to be published on
SENS on or about Monday, 17 November 2025 and a webcast of the results presentation is expected to
be broadcast at 09h00 on Monday, 17 November 2025. Shareholders wishing to view the live webcast
should register at: https://www.corpcam.com/WeBuyCars17112025. A copy of the presentation will also
be available on the Group's website: https://www.webuycars.co.za/investors/presentations.
Centurion
28 October 2025
Joint Sponsors to WeBuyCars
PSG Capital Pallidus Exchange Services
Date: 28-10-2025 07:05:00
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