| HIGHLIGHTS |
| • Total revenue increased 7.5% to R801.6 million (August 2023: R745.5 million*). |
| • Net loan impairment expense to loan revenue improved 1.1% to 17.8% (August 2023: 18.9%*). |
| • Loans and other advances increased 8.4% to R657.2 million (August 2023: R606.2 million*). |
| • Cash and cash equivalents increased 2.9% to R576.6 million (August 2023: R560.1 million*). |
| • Total assets increased 1.4% to R4.20 billion (August 2023: R4.15 billion*). |
| • Net asset value per share increased 33.7% to R1.39 (August 2023: R1.04*) |
| • Profit before tax increased more than 100% to R4.8 million (August 2023: Loss of R1.5 million*). |
| • Headline loss attributable to owners of the company improved 7.8% to R9.1 million (August 2023: R9.9 million*). |
| * Results for the previous interim period have been restated. Please see additional information in the notes to the audited financial statements in the full announcement. |
| The Board has decided not to declare a dividend for the interim period ending 31 August 2024 (2023: no dividend). |
| SHORT-FORM ANNOUNCEMENT |
| The contents of the short form announcement are the responsibility of the Board of Directors of Finbond. The information in the short form announcement is a summary of the full announcement available on the Company's website (www.finbond.com) on 29 November 2024 and accordingly does not contain full or complete details. The full announcement can also be accessed online at https://senspdf.jse.co.za/documents/2024/JSE/ISSE/FGL/Interims24.pdf. |
| The information in this announcement has been extracted from the Unaudited Condensed Consolidated Interim Financial Results, which has not been reviewed nor audited by the Company's auditor. The Unaudited Condensed Consolidated Interim Financial Results were internally compiled by Mr. GW Labuschagne, the Group Financial Director. |
| Any investment decisions by shareholders/investors should be based on the full announcement as released by the JSE and published on the Company's website, www.finbond.com. The full announcement is also available at the Company's registered office (for inspection, at no charge, during office hours on any business day) and at the offices of the sponsor, African Bank Limited (Business and Commercial Banking Division), from 29 November 2024. Copies of the full announcement may be requested by contacting the Company Secretary, Mr BC Bredenkamp |
| For the full document click the link below: |
| Finbond Group Limited |
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