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RNS Number : 2820V Investec PLC 18 September 2026 Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code : INL JSE hybrid code : INPR JSE debt code : INLV NSX share code : IVD BSE share code : INVESTEC ISIN : ZAE000081949 LEI : 213800CU7SM604UWOZ70 Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code : INVP JSE share code : INP ISIN : GB00B17BBQ50 LEI : 2138007Z3U5GWDN3MY22 Investec Group pre - close trading update 18 September 2026 Investec Group today announces its scheduled pre - close trading update for the interim period ending 30 September 2026 ( 1H2027 ) . An investor conference call will be held today at 09:00 UK time / 10:00 South African time . Please register for the call at www.investec.com/investorrelations . Commentary on the Group's financial performance in this pre - close trading update represents the five months ended 31 August 2026 and compares forecast 1H2027 to 1H2026 ( 30 September 2025 ) . 1H2027 earnings update and guidance The Group is expected to deliver results in line with guidance provided in May 2026. Stable year to date financial performance was underpinned by disciplined execution , strong client franchises , continued balance sheet growth and sound asset quality . In a period of persistent macroeconomic uncertainty , we continued to support our clients while investing in the business for long - term growth . Our strategic priorities remain unchanged : growing and enhancing our client propositions , allocating capital efficiently , and modernising our operating and digital platforms to support sustainable value creation . We remain committed to advancing returns towards the upper end of our target range by FY2030 . For the six months ending 30 September 2026 , the Group expects : Adjusted earnings per share of 41.7p to 43.3p ( 1H2026 : 40.5p ) or 3 % to 7 % ahead of prior period Headline earnings per share of 38.1p to 39.7p ( 1H2026 : 36.7p ) or 4 % to 8 % ahead of prior period Basic earnings per share of 38.1p to 39.7p ( 1H2026 : 37.8p ) or 1 % to 5 % ahead of prior period Pre - provision adjusted operating profit to be between £ 531.4 million and £ 548.4 million ( 1H2026 : £ 527.4 million ) or 1 % to 4 % ahead of prior period Credit loss ratio to be within the through - the - cycle ( TTC ) range of 25bps to 45bps . The overall credit quality remains sound Cost to income ratio to be between 52 % and 54 % , in line with guidance Adjusted operating profit before tax to be between £ 479.2 million and £ 496.2 million ( 1H2026 : £ 468.1 million ) o The Southern African business adjusted operating profit is expected to be up to 6 % ahead of the prior period in Rands and up to 14 % in Pounds Sterling ( 1H2026 : R5 733 million , £ 238.0 million ) . The Specialist Bank adjusted operating profit is expected to be up to 4 % ahead of the prior period in Rands and up to 14 % in Pounds Sterling ( 1H2026 : R5 385 million , £ 223.6 million ) . The credit loss ratio is expected to be below the 15bps to 35bps TTC range . The Southern African business ROE is expected to be between 18.5 % and 19.0 % , near the upper end of the guided range of 18.0 % to 19.0 % . The Investec Limited CET1 ratio at 30 June 2026 was 14.2 % ¹ ( 30 September 2025 : 14.6 % ) 0 For the UK business , including our interest in Rathbones , adjusted operating profit is expected to be between 2 % and 6 % behind the prior period ( 1H2026 : £ 230.0 million ) . The UK Specialist Bank adjusted operating profit is expected to be between 3 % and 7 % behind the prior period ( 1H2026 : £ 200.1 million ) . We expect to report a credit loss ratio around the upper end of our TTC range of 35bps to 55bps . The UK business ROTE is expected to