Chamwe Kaira
PSG Financial Services expects earnings for the year ended 28 February 2026 to rise by more than 20%, driven by growth in headline, recurring headline and attributable earnings.
In a trading statement released on Monday, the South African-listed group said it had reached a reasonable degree of certainty on its results.
Headline and recurring headline earnings per share are expected to be between 133.5 cents and 136.5 cents. This reflects an increase of 32% to 35% from 101.1 cents reported a year earlier.
Recurring headline earnings, excluding amortisation, are expected to range between 139.7 cents and 142.9 cents per share. This is up 30% to 33% from 107.1 cents in the previous financial year.
Recurring headline earnings, excluding performance fees, are expected to come in between 121.0 cents and 124.0 cents per share.
This is 24% to 27% higher than the 97.3 cents reported for the year ended 28 February 2025.
Attributable earnings per share are expected to be between 137.8 cents and 140.9 cents.
This represents an increase of 36% to 39% from 101.2 cents previously.
PSG said the financial information in the trading statement has not been reviewed or reported on by its auditor.
The company expects to publish its full financial results on or about 16 April 2026.
The group said better market conditions supported its performance despite challenging operating conditions.
It said key indicators reflect the strength of its advice-led business model.
Total assets under management increased by 19% to N$517.6 billion.
PSG Wealth managed N$448.9 billion, up 18%, while PSG Asset Management handled N$68.7 billion, up 21%. PSG Insure’s gross written premium rose by 6% to N$4 billion.
In October last year, PSG Wealth made N$51 million from the sale of Western National Insurance Namibia to Santam Namibia.
The company said in its interim results for the six months ended 31 August that the assets and liabilities linked to the insurance business had been classified as held for sale since 29 February 2024.
Management approved the sale, which became effective on 3 March 2025 after all conditions were met.
PSG, which operates in South Africa and Namibia, previously reported a 21% rise in recurring headline earnings per share and a return on equity of 28.6%.
