Wrap Text
Audited consolidated results for the year ended 28 February 2026, annual report and cash dividend declaration
FINBOND GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: "FGL" ISIN: ZAE000138095
Main Board – General Segment
("Finbond" or "the Company" or "the Group")
AUDITED CONSOLIDATED RESULTS OF THE GROUP FOR THE YEAR ENDED 28 FEBRUARY 2026, ANNUAL
REPORT AND CASH DIVIDEND DECLARATION
HIGHLIGHTS
Over the past year, the Group made further progress against the long-term strategic plan and
strengthened the foundations for future earnings growth. The 2026 financial year was characterised by
expanding the branch network, increased earnings, sustained cost discipline and a focus on delivering
value to customers and shareholders alike.
In a dynamic market that continues to evolve in our various geographical areas of operations in North
America and South Africa, our ability to adapt has remained one of the Group's most important assets.
For the financial year ended 28 February 2026:
• Profit for the year attributable to owners of the Company increased more than 100% to R69.4
million (February 2025: R31.8 million);
• Earnings per share improved more than 100% to 14.6 cents per share (February 2025: 7.0 cents
per share);
• Headline earnings per share improved more than 100% to 5.2 cents per share (February 2025:
loss of 1.9 cents per share);
• Earnings before interest, taxation, depreciation and amortisation increased 13.6% to R638.0
million (February 2025: R561.7 million);
• Turnover increased by 3.9% to R1.77 billion (February 2025: R1.70 billion);
• Operating costs were contained at R1.03 billion, an increase of 3.4% on the prior year (February
2025: R994.8 million) and the cost-to-income ratio improved 0.5% to 58.2% (February 2025:58.5%);
• Return on ordinary shareholders' equity improved more than 100% to 11.4% (February 2025:4.1%);
• Gross loans and advances increased 3.7% to R1.15 billion (February 2025: R1.11 billion);
• The cash receipts to loans advanced ratio improved 0.8% to 126.5% (February 2025: 125.6%), with
total collections against expected receipts improving 4.2% to 100.6% (February 2025: 96.5%);
• The branch network expanded by 67 locations during the year, ending the year at 679 branches –
539 in South Africa and 140 across North America (February 2025: 612); and
• Dividends per share amounted to 9.57071 cents per share (February 2025: 9.57071 cents)
DIVIDEND DECLARATION
Shareholders are hereby advised that the board of directors of the Company has approved and declared
a final gross dividend of 4.06829 cents per ordinary share from income reserves, for the year ended 28
February 2026.
The dividend is subject to a South African dividend withholding tax rate of 20%, resulting in a net dividend
of 3.25463 cents per ordinary share, unless the shareholder is exempt from paying dividend tax or is
entitled to a reduced rate of dividend tax in terms of an applicable double-taxation agreement.
As at the date of this announcement, the Company has 515 720 092 ordinary shares of no par value in
issue, of which 51 379 629 are held in treasury.
The Company's income tax reference number is 9194313145.
Shareholders are hereby advised of the following salient dates and times relating to the dividend:
Declaration date: Friday, 22 May 2026
Last day to trade cum dividend: Tuesday, 9 June 2026
Trading ex-dividend commences: Wednesday, 10 June 2026
Record date: Friday, 12 June 2026
Payment date: Monday, 15 June 2026
Share certificates may not be dematerialised or re-materialised between Wednesday, 10 June 2026 and
Friday, 12 June 2026, both days inclusive.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors and is a summary of the information
contained in the audited consolidated annual financial statements of the Group for the year ended 28
February 2026 ("Annual Financial Statements"), and accordingly, does not contain full or complete
details.
The Company's annual report for the year ended 28 February 2026, including the Annual Financial
Statements, can be found on the JSE cloudlink at
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/FGL/FGLYE26.pdf and on the Company's website at
https://finbondgroup.com/financialresults.html.
Any investment decision by shareholders and/or investors should be based on consideration of the Annual
Financial Statements available on the JSE cloudlink or the Company's website, as a whole.
The Company's auditors, BDO South Africa Inc., expressed an unmodified audit opinion on the Annual
Financial Statements in their report dated 22 May 2026. The report also includes communication of key
audit matters. Key audit matters are those matters that, in their professional judgement, were of most
significance in their audit of the Annual Financial Statements of the current period. The full audit report
and the annual report of the Company, including the Annual Financial Statements, are available on the
Company's website.
The Group's notice of annual general meeting will be distributed to shareholders on or before 26 June
2026.
By order of the board
DR MALESELA MOTLATLA DR WILLEM VAN AARDT
Chairman Chief Executive Officer
22 May 2026
Year ended Year ended %
28 February 28 February Change
2026 2025
Revenue (R'000) 1 765 509 1 699 062 3.9
Basic earnings per share 14.6 7.0 >100
(cents)
Diluted earnings per share 14.6 7.0 >100
(cents)
Headline earnings/(loss) per 5.2 (1.9) >100
share (cents)
Diluted headline 5.2 (1.9) >100
earnings/(loss) per share
(cents)
Total dividend per share 9.6 9.6 -
(cents)
Directors: Chairman: Dr MDC Motlatla* (BA, DCom (Unisa)); Chief Executive Officer: Dr W van Aardt
(BProc (Cum Laude), LLM (UP), LLD (PU CHE) Admitted Attorney of The High Court of South Africa, QLTT
(England and Wales), Solicitor of the Supreme Court of England and Wales); Chief Financial Officer: GW
Labuschagne (CPA (CA), BCom (Hons Acc), BCom (Fin Acc) (Cum Laude)); HJ Wilken-Jonker* (BCom Hons
(Unisa), MConSci (UP)); PA Naudé*(BCom (Marketing), Gaining Competitive Advantage (Michigan), IEP
(INSEAD)); Adv. N Melville* (BLaw, LLB (Natal) LLM(Cum Laude) (Natal), SEP (Harvard)); DC Pentz* (B Com
(Hons), (Chartered Accountant (SA), AEP (Unisa)); SM Riskowitz* (BCom (Wits))
*Non-executive
Secretary: B Bredenkamp (BCom Accounting, LLB, MBA)
Transfer secretaries: JSE Investor Services (Proprietary) Limited (Registration number 2000/007239/07),
One Exchange Square, 2 Gwen Lane, Sandown, Sandton, 2196
Sponsor: Valeo Capital
Date: 22-05-2026 10:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
