| Imagery Source: Finbond Group Limited |
| Information Source JSE SENS |
| Finbond Group Limited |
| HIGHLIGHTS |
| Over the past year, our Group has made positive strides in advancing our long-term strategy and further strengthened our foundation for sustained future profitability. This year was marked by the solid execution of our strategic plans, cost-cutting measures, good operational discipline around core products and a continued focus on delivering value to our customers and shareholders alike. |
| Building on the momentum of the previous year, we have further increased profitability following the significant setback suffered between 2020 and 2023, demonstrating the resilience of our business model and the dedication and persistence of our various geographical senior management teams and business partners in North America. In a market that continues to evolve rapidly, our ability to adapt while staying true to our core values has proven to be one of our greatest assets |
| For the financial year ended 28 February 2025: |
- Profit for the year attributable to owners of the Company increased by more than 100% to R31.8 million (February 2024: R0.6 million);
|
- Earnings per share improved by more than 100% to 7.0 cents per share (February 2024: 0.1 cents per share);
|
- Dividends declared to shareholders increased by more than 100% to R43.7 million (February 2024: no dividend);
|
- Turnover increased by 7.9% to R1.7 billion (February 2024: R1.56 billion);
|
- Operating costs were contained, and the cost-to-income ratio improved by 3.0% to 58.5%.
|
- Total assets increased by 5.8% to R4.53 billion (February 2024: R4.28 billion); and
|
- Gross loans and advances increased by 4.4% to R1.11 billion (February 2024: R1.06 billion).
|
| The Board declared a scrip dividend of 17.82809 ordinary shares for every 100 shares held, with a cash dividend alternative of 9.57071 cents per share in February 2025 (2024: no dividend). |
| SHORT-FORM ANNOUNCEMENT |
| This short-form announcement is the responsibility of the directors and is a summary of the information contained in the audited consolidated annual financial statements of the Group for the year ended 28 February 2025 (“Annual Financial Statements”), and accordingly, does not contain full or complete details. |
| The Company’s annual report for the year ended 28 February 2025, including the Annual Financial Statements, can be found on the JSE cloudlink at https://senspdf.jse.co.za/documents/2025/JSE/ISSE/FGL/FGLYE25.pdf%20and%20on%20the%20Company%E2%80%99s%20website%20at%20https:/finbondgroup.com/financialresults.html. |
| Any investment decision by shareholders and/or investors should be based on consideration of the Annual Financial Statements available on the JSE cloudlink or the Company’s website, as a whole. |
| An IAS 34 long-form announcement relating to the summarised consolidated results for the year ended 28 February 2025, including commentary thereon, is also available for viewing on the Company’s website at https://finbondgroup.com/announcements.html. |
| The Company’s auditors, BDO South Africa Inc., expressed an unmodified audit opinion on the Annual Financial Statements in their report dated 23 May 2025. The report also includes communication of key audit matters. Key audit matters are those matters that, in their professional judgement, were of most significance in their audit of the audited consolidated financial statements of the current period. The full audit report and the annual report of the Company, including the Annual Financial Statements, are available on the Company’s website. |
| The Group’s notice of annual general meeting will be distributed to shareholders on or before 27 June 2025. |
| For the full document, click the link below |
| Finbond Group Limited |
| Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies. |
