Capitec reports 23% earnings increase as client base reaches 26-million

The bank achieved headline earnings of R16.8bn for the year ended February 2026, with return on equity at 31%.

Capitec Bank Holdings reported headline earnings of R16.8bn for the financial year ended February 2026, a 23% increase from R13.7bn in the prior year, as its active client base grew to more than 26-million.¹³ Headline earnings per share increased 23% to R146.06, while operating profit before tax rose 25% to R22.18bn.¹

The Stellenbosch-based group's total active personal banking clients grew 7% to 25.2-million, with fully banked clients increasing 12% to 9.9-million, representing 39% of the active client base.¹ The bank declared a final dividend of R53.60 per share, bringing the total dividend to R79.80, up 23% year-on-year.¹

Net interest income rose 19% to R24.1bn, driven by growth in lending activity across both personal and business banking.¹ Personal banking loan disbursements increased 27%, while business banking disbursements rose 48%.¹ Total loan disbursements grew 34% to R98.3bn.¹

"We are approving more because we know our clients better, not because we have lowered the bar," the group stated.¹ The bank attributed personal banking lending growth to targeted offers informed by data analytics, while scored lending drove business banking expansion.¹

Capitec's earnings are now diversified across four divisions, with personal banking contributing 41% of headline earnings, insurance 27%, fintech operations including value-added services and Capitec Connect 26%, and business banking 5%.³⁴ The group achieved a return on equity of 31%.³⁴

"The trust that 26-million South Africans place in us is something we value deeply, and it remains the foundation on which we continue to build," said Graham Lee, Capitec group chief executive.³⁴

The results coincide with the bank's 25th anniversary.³⁴ In the short term, Capitec plans to focus on expanding its payments ecosystem and embedded financial solutions.¹