Michiel Le Roux's Capitec Bank Posts Record 742.5 Million Profit

Capitecs profit after tax rose 30.1 to 742.5 million, buoyed by solid interest income, digital banking scale-up, and value-added services like Capitec Connect.

Net interest income grew 17.1 to 1.63 billion, backed by a strong lending book and investment income, while credit impairments declined 5.4 to 444.16 million.

Non-interest income surged 22 to 1.29 billion, led by transaction fees, digital banking adoption, and telecom revenue from Capitec Connects growing customer base.

Capitec Bank, a leading retail bank founded by South African billionaire banker Michiel le Roux, reported a strong after-tax profit of 742.5 million for the fiscal year ending February 2025, fueled by solid growth across all business segments. The performance underlines the leading retail banks ability to deliver in a challenging global economic environment.

According to the retail banks latest annual report , profit after tax rose by 30.11 percentfrom R10.57 billion 570.6 million in 2024 to R13.75 billion 742.5 million in 2025. The jump highlights how Capitec has continued to grow its business while keeping costs in check.

Much of the earnings boost came from increases in both interest and non-interest income. Net interest income rose 17.14 percent to R30.23 billion 1.63 billion, driven by a 16.78-percent increase in lending-related interest. Investment income also saw a lift, climbing 17.97 percent to R8.99 billion 483.9 million.

On the non-interest side, income jumped 21.98 percent to R23.88 billion 1.29 billion, helped by a 25.35-percent surge in transaction and commission income, which reached R18.54 billion 998 million. Capitec Connect, the banks mobile offering, also made a notable impactmore than doubling its contribution from the previous year.

Credit impairments dropped 5.35 percent, falling from R8.73 billion 470 million to R8.26 billion 444 million, which helped lift net interest income after impairments by more than 54 percent to R11.93 billion 642.6 million.