Business
FY26 Pre-Close Trading Update
Investec Group anticipates a resilient performance for the year ending March 31, 2026, with adjusted earnings per share projected between 81.6p and 84.0p, a 3% to 6% increase from the prior year. Headline earnings per share are expected to be flat to 2% higher, ranging from 72.6p to 74.1p, while basic earnings per share are forecast to rise 6% to 9%, between 76.9p and 79.2p. Pre-provision adjusted operating profit is estimated between £1,066.9 million and £1,092.5 million, a 3% to 5% increase. The Group's share buy-back program of R2.5 billion, approximately £110 million, is complete, and the credit loss ratio is expected to remain within the through-the-cycle range of 25bps to 45bps. Core loans have grown to £36.3 billion and customer deposits to £45.5 billion as of February 28, 2026. Disclaimer*
About this update from Investec Plc
[{"type":"text","content":"\n\n\n\n\n\nInvestec Limited Incorporated in the Republic of South Africa\nRegistration number 1925/002833/06\nJSE share code: INL\nJSE hybrid code: INPR\nJSE debt code: INLV\nNSX share code: IVD\nBSE share code: INVESTEC\nISIN: ZAE000081949\nLEI: 213800CU7SM6O4UWOZ70\n\n\nInvestec plc Incorporated in England and Wales\nRegistration number 3633621\nLSE share code: INVP\nJSE share code: INP\nISIN: GB00B17BBQ50\nLEI: 2138007Z3U5GWDN3MY22\n\n\n\n\n\n\nInvestec Group pre-close trading update\n \n19 March 2026\nInvestec Group today announces its scheduled pre-close trading update for the year ending 31 March 2026 (FY2026). An investor conference call will be held today at 09:00 UK time / 11:00 South African time. Please register for the call at www.investec.com/investorrelations.\nCommentary on the Group's financial performance in this pre-close trading update represents the eleven months ended 28 February 2026 and compares forecast FY2026 to FY2025 (31 March 2025).\n \nFY2026 earnings update and guidance\n \nThe Group is expected to deliver a resilient performance, reflecting the strength of our client franchises and diversified revenue streams.\n \nWe are making progress on the strategic growth agenda outlined in May 2025. The investment in our Corporate mid‑market, Private Client segments and the ongoing modernisation of our operating and digital platforms is on track.\nAs part of our capital management, the Group's R2.5 billion / c.£110 million share buy-back programme announced in May 2025 is complete.\n \nOur strong capital generation has enabled us to continue supporting our clients in an uncertain and evolving environment.\n \nFor the year ending 31 March 2026, the Group expects:\n· Adjusted earnings per share of 81.6p to 84.0p (FY2025: 79.1p) or 3% to 6% ahead of prior year\n· Headline earnings per share of 72.6p to 74.1p (FY2025: 72.6p) or flat to 2% ahead of prior year\n· Basic earnings per share of 76.9p to 79.2p (FY2025: 72.8p) or 6% to 9% ahead of prior year\n· Pre-provision adjusted operating profit to be between £1 066.9 million and £1 092.5 million (FY2025: £1 039.2 million) or between 3% and 5% ahead of prior year\n· Credit loss ratio to b...