Investec Plc (INVP.L), a specialist bank and asset manager, Thursday reported higher profit for the year ended March 31, even as overall group results were negatively impacted by the depreciation of the average rand. Earnings attributable to shareholders climbed to 317.49 million pounds from 247.53 million pounds. Earnings per share rose to 30.6 pence from 24.3 pence. Earnings before goodwill impairment and non-operating items rose to 316.71 million pounds from 257. 58 million pounds. Adjusted earnings grew to 34.8 pence from 30.1 pence.
Profit before taxation increased to 393.63 million pounds from 291.24 million pounds.
Total operating income before impairment losses on loans and advances increased 3.9 percent to 2.01 billion from 1.93 billion.
Net interest income advanced to 702.53 million pounds from 699.05 million pounds to growth in the lending and fixed income portfolios. Fee and commission income rose to 1.12 billion pounds from 1.01 billion pounds. The group benefited from higher average funds under management, solid net inflows and the acquisitions of Evolution Group plc and the NCB Group. Bernard Kantor, Managing Director of Investec, said, ''Global markets remained volatile and challenging throughout most of our reporting period. The Rand depreciated 13% which impacted our results in Sterling terms. On a neutral currency basis our earnings increased 28% supported by net inflows of GBP4.9 billion in our asset management and wealth and investment businesses and a significant decline in impairments in our banking businesses.''
Looking ahead, the firm its positioning as a specialist bank and asset manager with a focus on less capital intensive businesses, leaves it well placed should market conditions continue to improve.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.