Investec Group (INVP) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to the Investec pre-closed conference call. All participants will be in listen-only mode. There will be an opportunity to ask questions later during the conference. If you should need assistance during the call, please send a message in the Q&A chat. Please also note that this call is being recorded. I would now like to turn the conference over to Investec Group Chief Executive, Mr. Fani Titi. Please go ahead, sir. Thank you, Donald, and good morning, Mark. Thank you for joining us for our pre-closed trading update. This update reflects the financial performance for the 11 months ended 28th February 2026 and the expected results for the year ending 31st March 2026. I'm joined this morning by Nitin Samuj, our Group Finance Director, Ruth Lees, the CEO of our UK business in Kibush Mudlia, the CEO of our South African business. The group is expected to deliver a resilient performance reflecting the strength of our client franchises and diversified revenue streams. We 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 modernization of our operating and digital platforms is on track. As part of our capital management, We have now completed the £2.5 billion rent or £110 million share buyback programme announced in May last year. Turning to the performance for the 11 months ended 28 February 2026. Revenue was supported by increased land activity levels, higher average advances as well as net inflows in our wealth business. This was counterbalanced by the negative impact of lower average interest rates. Fixed operating costs growth reflected continued investment in people and technology, particularly in building and modernizing...