Capitec shoots the lights out, again, with continued growth in earnings

Shares of Capitec surged more than 8% on Wednesday, after the group presented its results for the year to end-February 2025.

That's a rise of 50%-plus over the past year.

Headline earnings jumped over 30% to R13.7 billion for the financial year.

This translated into headline earnings per share (HEPS) of 11 912 cents per share from 9 171 cents in the prior year.

Capitec declared a dividend of 6 510 cents cents per ordinary share, a 34% increase from 4 875 cents in 2024.

The digital bank said it's achieved a remarkable milestone - now serving more than half the country’s adult population with an active client base of over 24 million.

This is thanks to diversification over the past five years, which has effectively leveraged this client base, Capitec said in a statement.

Stephen Grootes interviews CEO Gerrie Fourie, who is set to retire in July this year.

Fourie notes that the group's performance over the past financial year was strong throughout the whole business, from personal banking to insurance and business banking.

"We took a decision in 2017/2018 that we need to offer financial services to our client base, really starting with that in 2020 and it's just evolved."

Gerrie Fourie, CEO - Capitec Bank Holdings

"I think it's about just listening to your clients and asking what they really want, and then focusing on specific products in those particular segments which we then make a part of our offering to our client base."

Gerrie Fourie, CEO - Capitec Bank Holdings

Scroll up to the audio player to listen to the interview with the Capitec CEO