Capitec keeps on winning with excellent six-month financials
Capitec has delivered its six-month financial results for the period ended 31 August 2026.
It reported impressive headline earnings growth of 19% year on year to R9.5 billion, while it maintained a return on ordinary shareholders’ equity of 31%.
As a result of the excellent and sustainable earnings, the Capitec Board declared an interim dividend of 3,110 cents per share – up 19% year-on-year.
“Our results show the power of the diversified business we have built over decades on strong fundamentals of simplicity, affordability, accessibility and a personalised experience,” said Capitec CEO Graham Lee.
“Every one of our South African businesses grew earnings this period, even as the global environment stayed uncertain and economic growth remained muted.”
Lee added that Capitec’s performance was so excellent that the bank was able to keep its fees unchanged for the second year running.
This, Lee said, supports Capitec’s strategy to build a banking platform that delivers shared value at scale.
Growth across the board
Capitec’s growth is not thanks to a single business within the group. Rather, it is thanks to the combined growth of every element of the business.
Active clients grew to 26.6 million, with fully banked clients increasing by 11% to 10.4 million.
App users increased by 18% to 16.5 million, while digital transaction volumes excluding Value Added Services grew by 26%.
Capitec grew its gross loan book beyond R100 billion for the first time, but it was not just personal banking products where the group thrived.
Capitec’s Fintech business grew its net income by 30%, while Capitec Connect saw data usage more than double.
The Insurance business grew its headline earnings by 22%, while business banking headline surged by 52%.
Capitec has even processed over 594,000 Smart ID applications in partnership with the Department of Home Affairs.
All of this emphasises the wide-reaching impact Capitec Limited is having on all South Africans – and it is something the company looks to continue.
The future is bright
“Our purpose to make a meaningful difference and help South Africans grow remains the driving force behind every decision and every innovation,” said Lee.
The group remains focused on becoming the leading payments provider in South Africa, while continuing to expand its capabilities beyond its personal banking roots.
“What inspires me most is to see how that translates into tangible value for almost 5 million young people between 18 and 25 as well as for 686,000 business owners ranging from the small informal trader to some of SA’s leading commercial companies,” said Lee.
“We believe that if we continue to create value for our clients, they will in return continue to create value not only for our employees and our shareholders, but for South Africa at large.”
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