Nedbank Group Ltd (JSE:NED)

Half Year 2025 Nedbank Group Ltd Earnings Call Transcript

Aug 5, 2025 / 02:00 PM GMT

Release Date Price: R234.07 (-5.69%)

Transcript

Key Points

Positve

Nedbank Group Ltd (NDBKF) reported a 7% increase in diluted headline earnings per share (HEPS), slightly ahead of their first-half guidance.
The company's return on equity improved to 15.2%, supported by a 6% growth in headline earnings.
Nedbank Group Ltd (NDBKF) completed its organizational restructure on time, which is expected to enhance client focus and drive revenue growth.
The company gained market share in retail and commercial deposits, home loans, and vehicle finance.
Digital transaction values increased significantly, with branch sales and digital transaction values rising by 11% and 16% year on year, respectively.

Negative

The operating environment was challenging, with South African GDP growth at only 0.1% in Q1 2025, impacting the banking sector.
Nedbank Group Ltd (NDBKF) experienced a decline in unsecured lending market share and pressures on margins due to lower interest rates.
The company's cost-to-income ratio increased to 57.4% due to slow revenue growth.
Nedbank Group Ltd (NDBKF) faced challenges with its investment in ETI, leading to a reclassification as a non-current asset held for sale.
The company's net interest margin declined by 26 basis points, primarily due to negative endowment impacts and asset mix changes.

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

NEDJ.J - Nedbank Group Ltd
Half Year 2025 Nedbank Group Ltd Earnings Call
Aug 05, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone, and welcome to the Nedbank Group's 2025 interim results presentation. Our presentation today will start with me providing an overview of the group's performance in the first half, a reflection on the operating environment, and an update on some key strategic developments.

I'm going to hand over to Mfundo, our COO who'll provide an update on the progress we're making on our strategic execution. And Mike, our CFO, will follow with an analysis of the group's financial performance for the period.

This includes a pro forma view of the new clusters, post-organizational restructure we announced at year end. I'll then return to close the presentation with an update on the economic outlook and our

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