Home / Business and Economy / Pepkor Soars: Q1 Revenue Jumps 12.9% on Acquisitions
Pepkor Soars: Q1 Revenue Jumps 12.9% on Acquisitions
2 Feb
Summary
- Pepkor Holdings saw Q1 revenue increase by 12.9% to 29.9 billion rand.
- Growth was driven by acquisitions and strong performance in clothing and tech.
- Financial services revenue surged by 47.6% due to high demand for credit.
Pepkor Holdings, a South African discount retailer, reported a strong first quarter with revenue rising by 12.9% to 29.9 billion rand. This performance, covering the period ending December 31, 2025, was significantly boosted by recent acquisitions and the organic growth of its popular clothing brand PEP.
The clothing and general merchandise segment saw sales increase by 10.3%, incorporating new fashion businesses like Legit and Swagga. Additionally, furniture, appliances, and electronics sales grew by 13.7%, propelled by demand for tech items and the inclusion of acquired brands such as OK Furniture.
Pepkor's financial services division demonstrated exceptional growth, with revenue jumping 47.6%. This surge is attributed to sustained high demand for insurance, retail credit, and cellular device rentals. Management expresses cautious optimism for the remainder of the year, anticipating normalization of the comparative base and continued support from strong brands and fintech operations.
