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Investec PLC and Ltd on Thursday said it expects its diversified revenue streams to cushion it from an ‘uncertain and evolving environment’. The Sandton-based financial services company guided for basic earnings per share of between 76.9 pence and 79.2p for the financial year ending March 31, up at least 5.6% from 72.8p a year before. Headline EPS is seen within a range of between 72.6p and 74.1p, flat to up from 72.6p, while adjusted EPS is tipped to rise to between 81.6p and 84.0p from 79.1p. Pre-provision adjusted operating profit is estimated within a GBB1.07 billion to £1.09 billion range, up from £1.04 billion. Pretax adjusted operating profit is likely to be between £940.3 million and £965.9 million, up at least 2.2% from £920.0 million. In the Southern African business, adjusted operating profit is expected to be at least 4% ahead of the prior year in rand terms from R 10.78 billion or £463.0 million, Investec said. Adjusted operating profit in the UK business, including its interest in Rathbones Group PLC, is expected to be at least in line with the prior year’s £457.0 million. Investec said it expects return on equity to be between 13.3% and 13.7%, within its medium-term target range of 13% to 17%. ‘The group is expected to deliver a resilient performance, reflecting the strength of our client franchises and diversified revenue streams,’ Investec said. The R 2.5 billion or £110 million share buyback programme, announced in May 2025, is complete, it noted. For the 11 months that ended February 28, Investec said core loans within specialist banking rose 7.4% annualised in neutral currency and by 13.3% annualised in reported currency to £36.3 billion from £32.4 billion on March 31, 2025. Customer deposits for the 11 months grew by 5.7% annualised in neutral currency and by 11.5% annualised in reported currency to £45.5 billion. Funds under management in Investec’s Southern African wealth business rose 27% to £29.6 billion as of February 28 from £23.4 billion as of March 31, 2025. In Johannesburg early Thursday, Investec Ltd shares were down 2.1% at R 125.90 and Investec PLC shares down 2.9% to R 126.49. In London, Investec PLC shares were down 3.8% to 564.00 pence. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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