Chamwe Kaira
Namibia Asset Management (NAM) expects its profits to grow by up to 20% for the financial year ended 30 September 2025, showing continued momentum in the company’s performance.
In a trading statement issued on the Namibia Stock Exchange (NSX), NAM said it anticipates earnings per share (EPS), headline earnings per share (HEPS), and fund management earnings per share (FMEPS) to increase between 10% and 20% compared to the previous year.
EPS and HEPS are expected to rise from 6.99 cents in 2024 to between 7.69 and 8.39 cents in 2025, while FMEPS is projected to grow from 5.98 cents to between 6.58 and 7.18 cents.
The company’s assets under management stood at N$22.2 billion as of 30 September 2025, reflecting growth in client portfolios.
NAM said the financial information used in the trading statement has not yet been reviewed by external auditors and advised shareholders to exercise caution when trading its shares.
The group’s reviewed condensed annual financial results are expected to be published around 13 November 2025.
In its 2024 annual report, NAM reported assets under management for N$20.2 billion.
The firm said it continues to provide Namibian citizens and institutions access to a wide range of investment portfolios and expertise across regions, sectors and economies.
Established in 1998 as Namibia’s first listed asset management company, NAM is 21.46% employee-owned, with 59.52% of its shares held by Namibian residents.
In 2024, total assets under management rose by 19.5% to N$20.2 billion from N$16.9 billion in 2023. Institutional assets grew to N$17.6 billion from N$14.6 billion, while retail assets increased to N$2.6 billion from N$2.3 billion.
Revenue increased by 3.7% from N$78.4 million in 2023 to N$81.3 million. Operating expenses rose by 9% due to higher investments in key resources and operational costs linked to expanding the local investment team.
Caption
Namibia Asset Management CEO, Tarah Shaanika, during a past event. Assets managed by Namibia Asset Management now stand at N$22.2 billion.
- Photo: Contributed
