Earnings release
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CAPITEC BANK HOLDINGS LIMITED Registration number 1999/025903/06 Incorporated in the Republic of South Africa Ordinary Share Code: CPI ISIN Number: ZAE000035861 Preference Share Code: CPIP ISIN Number: ZAE000083838 (“Capitec” or “the group”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the financial period to be reported on next will differ by 20% or more from those of the previous comparable period. The board advises that a reasonable degree of certainty exists that for the year ending 28 February 2026: - group headline earnings per share will be between 14 294 cents and 14 890 cents per share, representing an increase of between 20% and 25% compared to the 11 912 cents per share for the comparative year ended 28 February 2025. - group earnings per share will be between 14 293 cents and 14 889 cents per share, representing an increase of between 20% and 25% compared to the 11 911 cents per share for the comparative year ended 28 February 2025. The 2026 financial year was characterised by strategic decisions aimed at strengthening the group’s long-term value proposition and positioning the business for sustainable growth. In March 2025, Personal and Business banking implemented a simplified fee structure, which included reductions in transaction fees and lower prices for merchant POS devices. The bank delivered continued growth in its client base and an increase in transaction volumes. This strong operational momentum partially offset the effect of the new reduced fee structure, resulting in net transaction and commission income growing in line with expectations. Income from value-added services and Capitec Connect continued to grow, supported by sustained growth in client adoption of these offerings. An improvement in the macroeconomic environment contributed to increased lending activity in Personal and Business banking. The introduction of new credit offerings, including purpose loans and loans designed for clients with multiple sources of income, together with continued growth in the credit card client base, led to an increase in loan disbursements and lending income in Personal banking. The provision for expected credit loss coverage ratio moved in line with the improved quality of the loan book. Business banking lending income grew as we transitioned from a build phase into a growth phase. This was further supported by successful client acquisition and retention.
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As loan disbursements grew, the income generated from associated credit life insurance products increased accordingly. In addition, there was an increase in the number of active funeral and life cover policies taken up, which contributed to higher sums assured and an increase in net insurance income. This momentum reflects greater client engagement with the group’s insurance offerings. The financial information on which this trading statement is based has not been reviewed or reported on by Capitec’s auditors. The financial results for the year ending 28 February 2026 are expected to be published on SENS on or about 22 April 2026. Stellenbosch 11 February 2026 Sponsor PSG Capital