Wrap Text
Audited consolidated results of the Group for the year ended 28 February 2025
FINBOND GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: "FGL" ISIN: ZAE000138095
Main Board – General Segment
("Finbond" or "the Company" or "the Group")
AUDITED CONSOLIDATED RESULTS OF THE GROUP FOR THE YEAR ENDED 28 FEBRUARY 2025
HIGHLIGHTS
Over the past year our Group has made positive strides in advancing our long-term strategy and further
strengthened our foundation for sustained future profitability. This year was marked by the solid
execution of our strategic plans, cost cutting measures, good operational discipline around core products
and a continued focus on delivering value to our customers and shareholders alike.
Building on the momentum of the previous year, we have further increased profitability following the
significant setback suffered between 2020 and 2023, demonstrating the resilience of our business model
and the dedication and persistence of our various geographical senior management teams and business
partners in North America. In a market that continues to evolve rapidly, our ability to adapt while staying
true to our core values has proven to be one of our greatest assets.
For the financial year ended 28 February 2025:
• Profit for the year attributable to owners of the Company increased by more than 100% to R31.8
million (February 2024: R0.6 million);
• Earnings per share improved by more than 100% to 7.0 cents per share (February 2024: 0.1 cents
per share);
• Dividends declared to shareholders increased by more than 100% to R43.7 million (February 2024:
no dividend);
• Turnover increased by 7.9% to R1.7 billion (February 2024: R1.56 billion);
• Operating costs were contained and the cost-to-income ratio improved by 3.0% to 58.5%;
• Total assets increased by 5.8% to R4.53 billion (February 2024: R4.28 billion); and
• Gross loans and advances increased by 4.4% to R1.11 billion (February 2024: R1.06 billion).
The Board declared a scrip dividend of 17.82809 ordinary shares for every 100 shares held with a cash
dividend alternative of 9.57071 cents per share in February 2025 (2024: no dividend).
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors and is a summary of the information
contained in the audited consolidated annual financial statements of the Group for the year ended 28
February 2025 ("Annual Financial Statements"), and accordingly, does not contain full or complete
details.
The Company's annual report for the year ended 28 February 2025, including the Annual Financial
Statements, can be found on the JSE cloudlink at
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/FGL/FGLYE25.pdf and on the Company's website at
https://finbondgroup.com/financialresults.html.
Any investment decision by shareholders and/or investors should be based on consideration of the Annual
Financial Statements available on the JSE cloudlink or the Company's website, as a whole.
An IAS 34 longform announcement relating to the summarised consolidated results for the year ended 28
February 2025, including commentary thereon, is also available for viewing on the Company's website at
https://finbondgroup.com/announcements.html.
The Company's auditors, BDO South Africa Inc., expressed an unmodified audit opinion on the Annual
Financial Statements in their report dated 23 May 2025. The report also includes communication of key
audit matters. Key audit matters are those matters that, in their professional judgement, were of most
significance in their audit of the audited consolidated financial statements of the current period. The full
audit report and the annual report of the Company, including the Annual Financial Statements, are
available on the Company's website.
The Group's notice of annual general meeting will be distributed to shareholders on or before 27 June
2025.
By order of the board
DR MALESELA MOTLATLA DR WILLEM VAN AARDT
Chairman Chief Executive Officer
23 May 2025
Year ended Year ended %
28 February 29 February Change
2025 2024
Revenue (R'000) 1 699 062 1 575 340 7.9
Basic earnings per share 7.0 0.1 >100
(cents)
Diluted earnings per share 7.0 0.1 >100
(cents)
Headline loss per share (cents) (1.9) (0.4) (>100)
Diluted Headline loss per share (1.9) (0.4) (>100)
(cents)
Dividend per share (cents) 9.6 - >100
Net asset value per share 152.3 182.2 (16.4)
(cents)
Directors: Chairman: Dr MDC Motlatla* (BA, DCom (Unisa)); Chief Executive Officer: Dr W van Aardt
(BProc (Cum Laude), LLM (UP), LLD (PU CHE) Admitted Attorney of The High Court of South Africa, QLTT
(England and Wales), Solicitor of the Supreme Court of England and Wales); Chief Financial Officer: GW
Labuschagne (CPA (CA), BCom (Hons Acc), BCom (Fin Acc) (Cum Laude)); HJ Wilken-Jonker* (BCom Hons
(Unisa), MConSci (UP)); PA Naudé*(BCom (Marketing), Gaining Competitive Advantage (Michigan), IEP
(INSEAD)); Adv. N Melville* (BLaw, LLB (Natal) LLM(Cum Laude) (Natal), SEP (Harvard)); DC Pentz* (B Com
(Hons), (Chartered Accountant (SA), AEP (Unisa)); SM Riskowitz* (BCom (Wits))
*Non-executive
Secretary: B Bredenkamp (BCom Accounting, LLB, MBA)
Transfer secretaries: JSE Investor Services (Proprietary) Limited (Registration number 2000/007239/07),
One Exchange Square, 2 Gwen Lane, Sandown, Sandton, 2196
Sponsor: Valeo Capital
Date: 23-05-2025 05:00:00
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