AH-Vest earnings plunge 93% amid credit loss reversal impact

AH-Vest Limited (JSE:AHL) announced a substantial decline in its financial results for the six months ended December 31, 2024, with earnings per share (EPS) and headline earnings per share (HEPS) both plummeting by approximately 93%. According to the trading statement and unaudited condensed group interim financial results, EPS decreased to ZAR 0.17, a 93.3% decrease compared to ZAR 2.60 reported in the same period the previous year. Similarly, HEPS fell to ZAR 0.17, a 93.4% decrease from ZAR 2.59. The company attributes this sharp decline to the comparative period's inclusion of a large reversal of expected credit loss provision. The company's revenue also saw a decline, falling by 12.84% from ZAR 115,454,572 to ZAR 100,630,933, with operating profit plunging 73.84% from ZAR 5,258,739 to ZAR 1,375,499. Investors are encouraged to review the full announcement on the JSE and AH-Vest website.