Investec (ITCFY)
OTHER OTC:ITCFY
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Earnings Data
Report Date
Nov 12, 2026Before Open (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
―Last Year’s EPS
1.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear progress and execution on strategic priorities (FUM growth, fee momentum, completed buyback, dividend increase, tangible NAV growth, cloud modernization progress and detailed Private Client growth plans) against near‑term headwinds (NII compression, higher operating costs from large tech investments being expensed, geopolitical risk and some capital ratio effects in South Africa). Management articulated credible medium‑term targets (ROE 16% by 2030, ROTE 18% by 2030) and signposted an inflection in returns from FY28 as investments start to convert to revenue. On balance the positives around client inflows, wealth momentum, capital returns and a clear execution plan outweigh the short‑term profitability and macro risks.Company Guidance
Adjusted EPS and Profitability Growth
Adjusted earnings per share rose 4.8% year‑on‑year. Adjusted operating profit increased 3.4% to GBP 951m (from GBP 920m) and total revenue grew 4.2%, reflecting resilient core profitability in a challenging macro environment.
Strong Funds Under Management and Net Inflows
Funds under management/FUM growth of c.15.4% (10.5% in neutral currency) with strong net inflows; Wealth & Investment FUM up 9.8% to ZAR 609.6bn. A bolt‑on acquisition in Switzerland added ~GBP 333m AUM.
Loan and Deposit Expansion
Management reported high‑teens increases in loans and advances and deposits overall; core loans grew c.9.6% with private client lending in both South Africa and the U.K. up over 10%, indicating continued client lending engagement.
Capital Generation, NAV and Returns
Net asset value increased c.8.3% year‑on‑year and tangible net asset value was 553.1p (+9.2%). Group return on equity reported at 13.6% (management notes a like‑for‑like uplift of 1.2% vs prior years).
Shareholder Returns and Capital Actions
Final dividend declared taking total dividend to 38.5p (+5.5% YoY). Completed announced share buyback returning ~GBP 110m (ZAR 2.5bn) to shareholders; weighted average shares reduced to 850.3m (equalized ~840m next year).
Non‑Interest Income and Fee Momentum
Non‑interest income grew strongly by 13.6%, supported by increased client activity and realizations; fee income and wealth activity were key contributors to revenue growth despite NII headwinds.
Digital, Cloud and Technology Investment Progress
IT spend was GBP 246m (c.20% of cost base). Cloud modernization rose to 58% (from 48% last year and 8% earlier). Management plans ~GBP 282m investment (to 2028) in platforms, with delivery expected to drive revenue benefits from FY28 onward.
Wealth & Investment and Private Client Strategy Momentum
Wealth & Investment growth and integration highlighted: Rathbones AUM c. GBP 113.6bn; Rathbones earnings contribution grew (Investec accrual at 43%). Private client strategy targets articulated (e.g., double SA client base 128k -> 250k; SA private bank operating profit ZAR 3.5bn -> ZAR 6.5bn by 2030) providing clear growth roadmap.
ITCFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ITCFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | $16.24 | $16.87 | +3.88% |
Nov 20, 2025 | $14.97 | $14.22 | -5.00% |
May 22, 2025 | $12.50 | $12.89 | +3.13% |
Nov 21, 2024 | $14.48 | $14.74 | +1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Investec (ITCFY) report earnings?
Investec (ITCFY) is schdueled to report earning on Nov 12, 2026, Before Open (Confirmed).
What is Investec (ITCFY) earnings time?
Investec (ITCFY) earnings time is at Nov 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITCFY EPS forecast?
Currently, no data Available