Nictus Holdings Limited, a diversified Namibian group, has reported a 19% increase in profit after tax to N$70 million for the year ended 30 June 2026. This compares to N$58.9 million in the previous financial year. The company's diversified business model and investments across its operations supported the performance despite a challenging operating environment.
The company's 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. However, operating profit declined to N$73.5 million from N$76.1 million.
The board of Nictus 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. The company noted that the dividend had not been provided for and therefore had no accounting implications for the current financial year.
Nictus made significant investments in its property segment and retail subsidiaries during the year. The company noted that these investments could affect short-term profitability but were expected to contribute to performance in future years. The 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 company also noted that 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 noted that 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. Shareholders can expect to receive the dividend payment on the scheduled date.
Overall, Nictus demonstrated resilience in a challenging operating environment, with its diversified business model and strategic investments supporting its performance. The company's growth in profit and dividend payment reflects its efforts to drive growth and returns for shareholders. The board's decision to declare a higher dividend underscores the company's confidence in its financial position and future prospects.
Key points
- Nictus reports 19% increase in profit after tax to N$70 million.
- The company declares a final dividend of 35 cents per share.
- Nictus made significant investments in its property and retail segments during the year.
