Investec PLC (JSE:INPPR.PFD)

R 89.01 (0%) Market Cap: - Enterprise Value: - PE Ratio: 8.04 PB Ratio: 0.91 GF Score: 71/100

Full Year 2025 Investec Ltd Earnings Call Transcript

May 22, 2025 / 08:00 AM GMT

Release Date Price: R89.01

Transcript

Key Points

Positve

Investec PLC (IVTJF) reported a significant increase in pre-provision operating profit by 8%, surpassing 1 billion pounds for the first time.
The company achieved a record adjusted EPS growth from 55.1% to 79.1%, indicating strong business fundamentals.
Investec PLC (IVTJF) declared a final dividend of 20%, bringing the full-year dividend to 36.5%, and announced a buyback of approximately 100 million pounds.
The company has made substantial progress in its sustainability efforts, meeting commitments to reduce fossil fuel exposure and setting a 2030 target for sustainable finance at 18 billion pounds.
Investec PLC (IVTJF) has a strong balance sheet with robust capital and liquidity, positioning it well for future growth and investment opportunities.

Negative

The macroeconomic environment in both South Africa and the UK has been lackluster, with growth expectations ranging between 1 to 1.5% in South Africa.
Interest rate reductions in both South Africa and the UK have impacted net interest income, with a decrease in margins observed.
The credit loss ratio increased to 38 basis points, reflecting a normalization from prior year recoveries.
Operating costs increased by 2.8%, with significant spending on IT and IT investments, impacting overall profitability.
The UK Specialist Bank's net interest income reduced by 4.4%, affected by lower interest rates and deposit repricing.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INVP.L - Investec PLC
Full Year 2025 Investec Ltd Earnings Call
May 22, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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I'm just going to start off by giving you a brief overview of the results for the year ending March 2025.

We are pleased to, present to you a very strong results against the background that was very complex and challenging. You will remember that in South Africa, we had, elections in the first half of our year, equally in the UK we also had elections and as a consequence, There was a level of uncertainty and we saw muted activity and muted loan book growth in our first half. In the second half of the year, we were pleased to see significant pickup in activity, but also growth in loan books. So when you look at our loan books overall, they represent a pretty good outcome of the second half.

We also then saw pre-provision

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