2025 Full Year Performance
2025 Full Year Performance
Regarding its ‘continuing operations’, the Group however generated a profit after tax of BWP284 million, in comparison to BWP61.4 million for the prior year, with the growth mainly driven by a strong revenue performance in the Southern Africa markets of Namibia and Mozambique and improved expected credit losses in Botswana, Eswatini and Kenya.
Operating income from continuing operations increased 8% year-on-year to BWP2 billion.
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2025 Full Year Performance
Performance Highlights
Regarding its ‘continuing operations’, the Group however generated a profit after tax of BWP284 million, in comparison to BWP61.4 million for the prior year, with the growth mainly driven by a strong revenue performance in the Southern Africa markets of Namibia and Mozambique and improved expected credit losses in Botswana, Eswatini and Kenya.
Operating income from continuing operations increased 8% year-on-year to BWP2 billion.
Reinette Estelle van der Merwe, Group Chief Executive Officer
"Our FY2025 results showcase a year of disciplined execution against our operational priorities, with continuing operations showing a clear step-up in performance across key financial and credit indicators.
Momentum across our core Southern African markets remained strong, driven by tighter underwriting, enhanced collections and a more focused product mix, which together supported a significant reduction in impairments and a meaningful improvement in profitability. In parallel, continued growth in non-funded income and steady progress in deposit mobilisation point to a business that is becoming more diversified and operationally resilient. "
Profit After Taxation (Pula)
FY 2025
284 million
2024: 61.4 million
362%
Net Interest Income (Pula)
FY 2025
1.47 billion
2024: 1.43 billion
3%
Customer Deposits (Pula)
FY 2025
2.2 billion
2024: 2.1 billion
4%
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Board of Directors
Appointments to the Board
The Board has a formal and transparent policy regarding the appointment of directors to the Board. While the appointments are a matter for the Board, the authority to oversee the nomination and to carry out the interview process have been delegated to the Group Governance and Nominations, Committee.
Apart from a candidate’s experience, knowledge, skills, availability and likely fit, the committee also considers a candidate’s integrity, as well as other directorships and commitments to ensure that the candidate will have sufficient time to discharge his/her role properly.
The appointment of non-executive directors is formalised through a letter of appointment and the Board makes full disclosure regarding individual directors to enable shareholders to make their own assessment of directors. All INED board appointments are put to a shareholder vote at the next Annual General Meeting.
New appointees are appropriately familiarised with the Group’s business through an induction programme. The composition of the Board is reviewed on a regular basis to ensure ongoing compliance with the requirements of King IV.
