Chamwe Kaira
Capricorn Group has told shareholders it expects profit after tax, earnings per share and headline earnings per share for the year ended 30 June 2025 to rise by between 12% and 17% compared to the previous year. The audited results are scheduled for release on or about 18 September.
In the 2024 financial year, Capricorn reported profit after tax of N$1.74 billion, up 17.7% from N$1.48 billion in 2023. Return on equity increased to 17.9% from 17.6%. The growth was attributed to strong results across its businesses, including Bank Windhoek, Bank Gaborone, Capricorn Asset Management, Entrepo Group, Peo Finance and its associates.
The group said it continues to prioritise adequate liquidity over profit maximisation. In 2024, liquid assets rose by 19.1% to N$18.5 billion from N$15.5 billion the year before. At the financial year-end, liquid assets exceeded regulatory requirements in Namibia and Botswana by 127% and 143%, respectively. The group’s loan-to-funding ratio of 86.3% also stayed below the internal threshold of 90%.
An N$1 billion contingency funding reserve was maintained for Bank Windhoek and Bank Gaborone.
Last year, the group declared a final dividend of 64 cents per share. Together with an interim dividend of 48 cents, this brought the total dividend to 112 cents per share, up from 100 cents in 2023. This was a 12% increase.
Capricorn paid out N$560 million in dividends during the 2024 financial year and issued an additional dividend of N$332 million in October 2024.
The growth in share price and dividends produced a 39% return for shareholders in 2024.
Caption
Capricorn Group expects to post strong results in the financial year ended 30 June.
- Photo: Contributed
