Investec Share News (INVP)

(Alliance News) - Investec PLC and Ltd said on Friday it expects to deliver "solid" financial performance at an interim stage as it ramps up investment in growth efforts.

The Sandton-based financial services company guides for adjusted operating pretax profit of between GBP451.0 million and GBP481.8 million for the six months that ended September 30, compared to GBP475.7 million a prior year.

Pre-provision adjusted operating profit is estimated within a GBP509.4 million to GBP540.3 million, down from GBP541.6 million.

Investec projects basic earnings per share at between 36.0 pence and 38.8p from 36.6p, while adjusted EPS is seen ranging between 38.7p and 41.5p from 39.5p.

Headline EPS is predicted to be between 35.2p and 38.0p, from 36.6p.

Investec expects its first-half to be in line with the prior period.

"Our solid performance and strong capital generation has enabled us to continue supporting our clients while accelerating investment in identified growth initiatives," it said.

It also said its revenue for the first half was supported by increased activity levels, higher average advances, and positive net inflows in discretionary and annuity funds under management.

"This was counterbalanced by the negative impact of lower average interest rates and the reduced income from the group investments portfolio," it added.

The group said it continued to make progress on its strategic objectives, despite the challenging macroeconomic backdrop and market volatility.

The company has repurchased ZAR1.1 billion or GBP46 million of its ZAR2.5 billion share buyback programme announced in May 2025.

Investec intends to release its interim financial results on November 20.

By Artwell Dlamini, Alliance News senior reporter South Africa

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