WeBuyCars announces 20% dividend increase amid growth in SA's used car market

WEBUYCARS Holdings lifted its final dividend 20% to 30 cents a share following another year of growth and market share gains in South Africa's tempestuous car market.

- EDWARD WEST

WEBUYCARS Holdings' roust results for the year to September 30, 2025 means that it is still on track to reach its target of dealing with 23 000 vehicles per month by 2028. | SUPPLIED

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The company that listed on the JSE in April last year said revenue was up 13% to R26.4 billion and core headline earnings increased 15% to R937.6 million for the year to September 30. The company bought 180 576 vehicles and sold 179 006 in the year, representing increases of 7.7% and 8.4% respectively.

"Despite a tough economic environment, we delivered robust results by focusing on what matters most our customers, our people, and our technology. We have significantly expanded our capacity and invested ahead of the curve in people and technology. These steps position us well to reach our goal of 23 000 vehicles per month by 2028," said CEO Faan van der Walt.