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Trading Statement
CAPITEC BANK HOLDINGS LIMITED
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
("Capitec" or "the group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed
company is required to publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the
financial results for the financial period to be reported on next will
differ by 20% or more from those of the previous comparable period.
The board advises that a reasonable degree of certainty exists that for
the year ending 28 February 2026:
- group headline earnings per share will be between 14 294 cents and
14 890 cents per share, representing an increase of between 20% and
25% compared to the 11 912 cents per share for the comparative year
ended 28 February 2025.
- group earnings per share will be between 14 293 cents and 14 889
cents per share, representing an increase of between 20% and 25%
compared to the 11 911 cents per share for the comparative year
ended 28 February 2025.
The 2026 financial year was characterised by strategic decisions aimed
at strengthening the group's long-term value proposition and positioning
the business for sustainable growth.
In March 2025, Personal and Business banking implemented a simplified
fee structure, which included reductions in transaction fees and lower
prices for merchant POS devices. The bank delivered continued growth in
its client base and an increase in transaction volumes. This strong
operational momentum partially offset the effect of the new reduced fee
structure, resulting in net transaction and commission income growing
in line with expectations.
Income from value-added services and Capitec Connect continued to grow,
supported by sustained growth in client adoption of these offerings.
An improvement in the macroeconomic environment contributed to
increased lending activity in Personal and Business banking. The
introduction of new credit offerings, including purpose loans and loans
designed for clients with multiple sources of income, together with
continued growth in the credit card client base, led to an increase in
loan disbursements and lending income in Personal banking. The
provision for expected credit loss coverage ratio moved in line with
the improved quality of the loan book.
Business banking lending income grew as we transitioned from a build
phase into a growth phase. This was further supported by successful
client acquisition and retention.
As loan disbursements grew, the income generated from associated credit
life insurance products increased accordingly. In addition, there was
an increase in the number of active funeral and life cover policies
taken up, which contributed to higher sums assured and an increase in
net insurance income. This momentum reflects greater client engagement
with the group's insurance offerings.
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 year ending 28 February 2026 are expected to be published
on SENS on or about 22 April 2026.
Stellenbosch
11 February 2026
Sponsor
PSG Capital
Date: 11-02-2026 11:15:00
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