WeBuyCars expects substantial earnings growth for first half 2025

WeBuyCars Holdings Limited (JSE:WBCE) has announced it expects core headline earnings to range between ZAR500.2 million and ZAR516.3 million, representing a 24% to 28% increase compared to ZAR402.0 million reported for the six months ended March 31, 2024. Core headline earnings per share are projected to increase by 0% to 4%, landing between 119.4 cents and 124.2 cents. The company also expects basic earnings to be more than 100% higher, while basic earnings per share are forecast at between 121.0 cents and 122.0 cents, against a loss of -20.7 cents in the prior period. Headline earnings are also projected to be more than 100% higher, and headline earnings per share are projected at between 121.3 cents and 122.3 cents, against a loss of -20.7 cents in the prior period. The results are due to be published on May 19, 2025, with a live webcast presentation planned for the same day.