STAFF WRITER
Namibian Stock Exchange listed financial group, Capricorn Group Limited recorded a profit after N$1.99 billion .
This indicates a 14.8% growth year on year.
According to the group’s latest financial results this was an increase from N$1.74 in 2024.
Capricorn also recorded a Return on equity (“ROE”) increase from 17.9% reported in the previous financial year to 18.2%. Prudent capital allocation, disciplined strategic execution, and investment in digital and data capabilities supported growth in core earnings and improved returns to shareholders.
Group CEO, David Nuyoma said the Group remains focused on working towards a sustainable future for its stakeholders.
“This year’s achievements are a direct result of the collective effort of everyone in the organisation. Our commitment to improving lives through leadership in financial services by being Connectors of Positive Change has positively impacted many lives this past financial year. Our performance across key indicators demonstrates the strength of our business and the resilience of our teams across our portfolio of businesses,”he said
The group said the solid performance allowed it to contribute to the socio-economic development of Namibia and Botswana.
The Group increased its value created by 11.7% to N$5.7 billion compared to the previous financial year.
Of the total value of N$5.7 billion, N$1.4 billion is represented by employee remuneration and benefits, N$1.1 billion was paid to suppliers (of which the majority are local suppliers), and N$1.4 billion was contributed to the government in the form of direct and indirect taxes. More than N$26.7 million was also invested in communities as was reported on in the Group’s Social Value Report which was released on 12 September 2025.
Capricorn Group Financial Director,Johan Maass, said, “The financial performance are attributed to excellent results and solid all-round performances across the Group’s portfolio of businesses in Namibia and Botswana, which includes the banking subsidiaries, Bank Windhoek and Bank Gaborone, as well as Capricorn Asset Management, Entrepo, Peo Finance and our associates Paratus, Sanlam Allianz Namibia and Santam Namibia.”
The Group’s performance is presented below in terms of earnings quality, credit quality, liquidity, and capital depth, the four main pillars of the Group’s business.
The Group’s net interest income before impairment charges increased by 10.1% to N$3.4 billion (2024: N$3.1 billion) while interest income growth was driven by loan book growth of 3.7% and effective cost-of-funding management, which compensated for the impact of lower interest rates.
Non-interest income increased by 13.1%, largely attributable to higher transaction-based fee volumes, especially on digital channels, and strong growth in asset management fees at Capricorn Asset Management, supported by increased assets under management.
Capricorn also saw its operating expenses increase by 10.8%, mainly due to higher variable banking costs linked to greater transaction and trading volumes, as well as increased employee and technology costs.
The Group’s non-performing loans (NPLs) remained stable at 4.0%, supported by prudent credit risk management. Impairment charges decreased to N$315 million (2024: N$328 million), and the loan loss rate improved to 0.61% (2024: 0.67%), well within industry norms.
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