CHAMWE KAIRA
Nictus Holdings Limited reported a 19% increase in profit after tax to N$70 million for the year ended 30 June 2026, compared with N$58.9 million in the previous financial year.
The diversified Namibian group said the result was achieved despite a challenging operating environment, with its diversified business model and investments across its operations supporting the performance.
Basic earnings per share increased to 130.98 cents from 110.12 cents, while headline earnings per share rose to 130.62 cents from 107.53 cents.
Net asset value per share also increased to 743.26 cents from 637.63 cents. Operating profit, however, declined to N$73.5 million from N$76.1 million.
The board approved a final dividend of 35 cents per share, equivalent to N$18.7 million, compared with 25 cents per share for the previous year.
The dividend was approved on 17 September 2026 and will be paid from retained earnings. Nictus said the dividend had not been provided for and therefore, had no accounting implications for the current financial year.
The group said significant investments were made in its property segment and retail subsidiaries during the year.
It said these investments could affect short-term profitability but were expected to contribute to performance in future years.
Nictus said its insurance and finance segment recorded growth in both assets and profits despite absorbing the costs associated with its expansion.
The retail segment remained exposed to market conditions and fluctuations, but achieved growth while also absorbing costs related to the implementation of new strategies. The segment remained profitable.
The group also said new ventures undertaken over the past 18 months were beginning to stabilise and gain momentum, with progress expected to contribute to performance over the medium to longer term.
For the dividend, Nictus said the last day to trade ordinary shares cum dividend is 23 October 2026, with the shares trading ex-dividend from 26 October.
The record date is 30 October, while payment is scheduled for 2 November 2026.
