CAPITEC LIMITED - Trading Statement

Trading Statement  

CAPITEC LIMITED (previously Capitec Bank Holdings Limited)
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
JSE Ordinary share code: CPI ISIN Number: ZAE000035861
A2X Ordinary share code: CPI
JSE Preference share code: CPIP ISIN Number: ZAE000083838
(“Capitec” or “the Group”)

TRADING STATEMENT

In accordance with Capitec’s custom of keeping shareholders informed,
the board advises that a reasonable degree of certainty exists that for
the 6 months ended 31 August 2026:

  -   group headline earnings per share are expected to be between
      8 215 cents and 8 354 cents, representing an increase of between
      18% and 20% compared to the 6 962 cents per share for the
      comparative six months ended 31 August 2025.

  -   group earnings per share are expected to be between 8 174 cents
      and 8 312 cents, representing an increase of between 18% and 20%
      compared to the 6 927 cents per share for the comparative six
      months ended 31 August 2025.
The expected improvement in earnings was supported by continued growth
across the Group’s diversified business activities during a period of
elevated inflation and an increase in the repo rate.

Net transaction and commission income growth was underpinned by the
continued expansion and optimisation of the active client base. Personal
Banking clients grew to more than 26 million and volume growth was
supported by higher average transaction values, with particularly solid
growth in card transactions. Business Banking showed substantial growth
in active clients as well as lending and transactional volumes. The number
of point-of-sale merchants and the use of Capitec Pay continued to grow.
Increased transaction frequency per client, together with higher average
transaction values, contributed to continued growth in income from Value-
Added Services.

There was sustained growth in Personal Banking lending income despite
economic conditions that placed pressure on client affordability and loan
disbursements. The forward-looking macroeconomic credit impairment charge
grew due to the latest economic scenarios while book quality was
maintained. Business Banking lending income was driven by robust scored
and intuitive credit granting. Business lending activity resulted in a
higher upfront credit impairment charge and the forward-looking
macroeconomic credit impairment charge also increased, similar to the
Personal Bank.

The Credit Life and Funeral Cover insurance products performed well,
supported by lower claims ratios and growth in investment income.

Group operating expenses remained well controlled led by technology-
driven efficiencies, supporting profitability and returns. 

The financial information on which this trading statement is based has
not been reviewed or reported on by Capitec’s auditors. The financial
results for the six months ended 31 August 2026 are expected to be
published on SENS on or about 30 September 2026.


Stellenbosch
10 September 2026

Sponsor
PSG Capital 
Date: 10/09/2026 02:58:00
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