Capitec expects significant growth in half-year headline earnings for 2025

CAPITEC Bank Holdings’ directors said they expect headline earnings per share (HEPS) to increase between 22% and 27% in the six months to August 31, which represents another strong performance compared with its competitor banks.

- EDWARD WEST

The bank that pioneered paperless banking in South Africa from 2001 said in a trading statement on Wednesday that HEPS would likely be between 6 764 cents and 7 041 cents per share, compared to the 5 544 cents per share for the comparative six months ended August 31, 2024.

The growth in HEPS keeps Capitec among the fastest growing banks in South Africa in terms of earnings. Nedbank, for instance, reported 6% growth in HEPS for its six months to June 30, while Standard Bank reported 4% growth in HEPS in its year to December 31, 2024 and FirstRand’s normalised HEPS for its first half to December 31, increased by 10%. At the release of its last annual results in April, Capitec reported 30% growth in HEPS.