CHAMWE KAIRA
Namibian Securities Exchange listed Namibia Asset Management Limited (NAM) increased its operating profit by 14.1% to N$18.4 million for the year ended 30 September,compared with N$16.1 million recorded in the previous financial year.
The company’s reviewed financial results show that fund management earnings rose by 25.6% to N$13.45 million from N$10.71 million, while total comprehensive income increased by 6.1% to N$13.2 million from N$12.44 million.
Basic and headline earnings per share improved to 8.34 cents from 7.89 cents, while diluted earnings per share increased to 7.61 cents from 7.21 cents. Net asset value per share rose to 22.31 cents from 21.48 cents.
Positive investment performance supported growth in average assets under management (AuM) to N$22.3 billion, compared with N$20.8 billion in 2025.
However, total assets under management at year-end declined by 16.7% to N$18.5 billion from N$22.2 billion recorded in September 2025.
The board declared an ordinary dividend of six cents per share, unchanged from the previous year. The last day to trade is 27 November 2026, with the shares trading ex-dividend from 30 November.
The record date is 4 December, and payment is scheduled for 15 December 2026.
In its outlook, NAM said Namibia’s economic prospects remained cautiously positive, supported by growth in the savings and investment industry, oil and gas discoveries, uranium mining and infrastructure investment.
The company noted that assets managed by Namibia’s investment managers increased by 16.1% year-on-year to N$353.8 billion at 30 June 2026, presenting opportunities to expand its share of the market.
NAM said it was focusing on attracting more assets while growing its client base, delivering competitive risk-adjusted returns and expanding its product and service offering.
The company also highlighted the importance of developing local investment skills through professional mentorship, workplace training and bursaries.
Its bursary scheme has invested more than N$5 million since inception in support of Namibian students pursuing finance-related studies.
NAM said it remained financially sound and well-capitalised but identified the implementation of the Financial Institutions and Markets Act (FIMA) as a challenge in an increasingly competitive and regulated industry.
