Alexforbes has seen its closing total assets reach R733 billion, but the group’s earnings in its results for the year ended 31 March 2026 remain muted. <\/p>\n\n\n\n
“This has been another solid year of performance for Alexforbes, including being recognised as South Africa’s best asset manager,” said Chief Executive Officer, Dawie de Villiers. <\/p>\n\n\n\n
“We delivered strong growth in operating income and a 22% increase in normalised profit, while maintaining a robust balance sheet and high levels of client retention.” <\/p>\n\n\n\n
De Villiers added that the group has made progress in simplifying its business, strengthening accountability, and improving how it serves clients, thereby boosting client retention.<\/p>\n\n\n\n
The group’s closing assets, which include assets under administration and assets under management, increased 22% year on year to R733 billion.<\/p>\n\n\n\n
Its operating income increased 10% to R4.9 billion, supported by higher average assets, positive investment performance, inflationary increases in its retirement client base, and better retention. <\/p>\n\n\n\n
Operating expenses of R3.9 billion increased 9% year-on-year, with 4% relating to the change in accounting for long-term incentive schemes and the prior year effect of the IFRS 16 lease adjustment<\/p>\n\n\n\n
Normalised profit from operations, which excludes the IFRS 16 adjustment, rose 22% to R1,027 million.<\/p>\n\n\n\n
When including the IFRS 16 adjustment, profit from operations, before non-trading and capital items, stood at R1,024 million, which is up 12% year on year.<\/p>\n\n\n\n
Headline earnings per share from total operations decreased 5% to 67 cents per share. The group said movement reflects the base effect of discontinued operations in the prior year. <\/p>\n\n\n\n
On a normalised basis, headline earnings per share of 69 cents were stable year-on-year. <\/p>\n\n\n\n
The group thus declared a final cash dividend of 33 cents per share, which leads to a total dividend of 57 cents per share. The total annual dividend is up 4% year-on-year. <\/p>\n\n\n\n
Here is the clean, copyable Markdown table formatted from your financial highlights. You can easily copy and paste this directly into spreadsheets, documents, or presentations.<\/p>\n\n\n\n Alexforbes has seen its total assets rise by over 20% to R733 billion, but the group’s earnings have been muted. <\/p>\n","protected":false},"author":95,"featured_media":855863,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[16778],"class_list":["post-863331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-alexforbes"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=863331"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863331\/revisions"}],"predecessor-version":[{"id":863343,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/863331\/revisions\/863343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/855863"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=863331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=863331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=863331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Financial Measure<\/strong><\/td> % Change <\/strong><\/td> 2026<\/strong><\/td> 2025<\/strong><\/td><\/tr><\/thead> Continuing operations (Rm)<\/strong><\/td> <\/td> <\/td> <\/td><\/tr> Operating income (A)<\/td> 10<\/td> 4 848<\/td> 4 397<\/td><\/tr> Profit from operations (before non-trading and capital items)<\/td> 12<\/td> 1 024<\/td> 911<\/td><\/tr> Normalised profit from operations (before non-trading and capital items)<\/td> 22<\/td> 1 027<\/td> 841<\/td><\/tr> Profit for the year<\/td> 3<\/td> 765<\/td> 745<\/td><\/tr> Basic earnings per share (cents)<\/td> 2<\/td> 58.9<\/td> 57.9<\/td><\/tr> Headline earnings per share (cents)<\/td> 3<\/td> 59.5<\/td> 57.9<\/td><\/tr> Discontinued operations (Rm)<\/strong><\/td> <\/td> <\/td> <\/td><\/tr> (Loss)\/profit from operations (before non-trading and capital items)<\/td> nm<\/td> (1)<\/td> –<\/td><\/tr> Profit from discontinued operations<\/td> (41)<\/td> 95<\/td> 161<\/td><\/tr> Total Group<\/strong><\/td> <\/td> <\/td> <\/td><\/tr> Basic earnings per share (cents)<\/td> (6)<\/td> 66.4<\/td> 70.8<\/td><\/tr> Headline earnings per share (cents)<\/td> (5)<\/td> 67.0<\/td> 70.8<\/td><\/tr> Normalised headline earnings per share (cents)<\/td> –<\/td> 69.0<\/td> 69.1<\/td><\/tr> Interim dividend per share (cents)<\/td> 9<\/td> 24.0<\/td> 22.0<\/td><\/tr> Final dividend per share (cents)<\/td> –<\/td> 33.0<\/td> 33.0<\/td><\/tr> Annual dividend per share (cents)<\/td> 4<\/td> 57.0<\/td> 55.0<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n \n
\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"