Investec's earnings meet targets; announces share buy-back program

Investec (JSE:INP) announced its unaudited condensed combined financial results for the year ended March 31, 2025, reporting a return on equity of 13.9%, aligning with guidance. Pre-provision adjusted operating profit increased by 7.8% to £1,039.2 million. The Group's revenue grew 5.0% to £2,190.5 million. Basic earnings per share were 72.8 pence. The Board has proposed a final dividend of 20.0p per share, bringing the total dividend for the year to 36.5p. As part of its capital management strategy, Investec intends to execute a share buy-back program of approximately R2.5 billion/ £100 million. Net core loans increased by 4.7% to £32.4 billion, with customer deposits rising by 4.1% to £41.2 billion. The Group aims to facilitate £18 billion of sustainable and transition finance by 2030. Investec anticipates revenue momentum to continue, projecting an ROE of approximately 14.0% for FY2026.