SBN Holdings reports strong interim earnings, dividend growth

SBN Holdings reported profit after tax of N$556,245 for the six months ended 30 June 2025, up from N$505,348 previously. Headline earnings per share increased to 106 cents from 97 cents.

Net interest income rose 2.9% to N$1.1 billion, driven by 8.8% growth in gross loans and advances. Non-interest revenue grew 3.6% to N$792.7 million.

Credit impairments decreased 21.8%, with the NPL ratio improving to 3.7% from 4.7% at December 2024. Operating expenses increased just 2.1% to N$1 billion.

An interim cash dividend of 64 cents per ordinary share was declared.