Nictus expects 24% earnings rise

Nictus expects earnings per share to increase by as much as 24% in the year to 30 June 2026, according to a trading statement issued ahead of the group's full-year results.

The group expects earnings per share (EPS) to be between 125.47 cents and 136.49 cents, compared with 110.12 cents in the previous financial year.

This represents an increase of between 13.9% and 23.9%.

Headline earnings per share (HEPS) are expected to increase by between 16.5% and 26.5%, from 107.53 cents to between 125.24 cents and 136 cents.

Nictus did not provide a breakdown of the factors behind the expected increase in earnings in the trading statement.

The company is expected to provide more detail when it publishes its audited results for the year ended 30 June 2026.

Previous year's performance

Nictus reported profit after tax of N$58.9 million for the year ended 30 June 2025, compared with N$57.1m a year earlier.

Operating profit was broadly unchanged at N$76.1m, compared with N$76.3m in 2024.

EPS increased from 106.79 cents to 110.12 cents, while HEPS rose from 101.69 cents to 107.53 cents.

Group expansion

In its 2025 annual results, Nictus said its retail operations had exceeded N$1bn in turnover during the year.

The group operates businesses in tyre, furniture and automotive retail, among other activities.

It also said it had expanded into information technology, car rental and building through new acquisitions.

Nictus said those businesses were still in their development phase and that their performance was expected to improve as they matured.

The group also reported strong growth in its insurance and finance operations, describing the segment's performance as a record.

Nictus said it had seen strong growth in insurance premiums and that its financial division had performed ahead of expectations.

Property investment

Property was another area of planned expansion.

Nictus said in its 2025 results that it had committed to substantial property investments over the following 24 months.

The group said owning the properties from which it operates was part of its strategy to retain greater control over its operations.

Its net asset value per share increased to 637.63 cents in 2025 from 526.51 cents in 2024.

Nictus also increased its final dividend to 35 cents a share from 26 cents.