Investec Plc Board has declared a final dividend of 21.0per ordinary share has been declared by the Board from income reserves in respect of the year ended 31 March 2026, payable to shareholders recorded in the shareholders' register of the Company at the close of business on Friday, 21 August 2026.
Other financial highlights include:
Revenue growth was supported by ongoing client acquisition, client activity, growth in average lending portfolios, and continued net inflows in discretionary and annuity funds under management (FUM). Net interest income (NII) benefitted from growth in average lending books and lower cost of funds reflecting optimisation of the funding mix in Southern Africa in recent years. This was offset by the endowment effect of lower interest rates. Non-interest revenue (NIR) growth reflects a strong increase in fee income generated by their Banking businesses, as well as higher annuity fees from their SA Wealth & Investment business. Customer-flow trading income reflects increased client hedging activity in response to global market volatility. This was augmented by higher investment income and an increase in the Group's share of post-tax profits from associates.
The cost to income ratio was 52.9% (FY2025: 52.6%). Total operating costs increased by 4.7%. Fixed operating expenditure growth reflects continued investment in people and technology to support the Group's growth initiatives, as well as targeted project spend to transform the business and enhance resilience, alongside annual cost inflation.
Pre-provision adjusted operating profit increased by 3.5% to £1 075.2 million (FY2025: £1 039.2 million). The Group saw strong levels of lending origination and fee generation, counterbalanced by the impact of declining interest rates and increased investment in the business.
The credit loss ratio (CLR) on core loans was 36bps (FY2025: 38bps), within the Group's through-the-cycle (TTC) range of 25bps to 45bps. Expected credit loss (ECL) impairment charges amounted to £124.2 million (FY2025: £119.2 million). Overall credit quality remained strong.
Earnings attributable to other equity holders reduced to £69.2 million (FY2025: £70.6 million).
Return on equity (ROE) was 13.6% (FY2025: 13.9%) within the Group's medium-term 13% to 17% target range.
Return on tangible equity (ROTE) of 15.7% (FY2025: 16.2%) is within the Group's medium-term 14% to 18% target range.
