Letshego Holdings Namibia Limited has reported a profit after tax of N$505.8 million for the financial year ending 31 December 2025, representing a 20.8 percent increase from the N$418.8 million recorded in 2024. The results reflect stronger lending activity, growth in net interest income and a gradual expansion of the company’s local funding base within Namibia’s financial sector.
According to the company’s latest financial disclosures, operating profit rose by 24.3 percent during the reporting period while total revenue increased by 14 percent. The performance was largely supported by growth in advances to customers and a broader set of income streams across the institution’s lending operations. Letshego operates in several African markets and its Namibian subsidiary forms part of the wider Letshego Africa Holdings group, a Botswana headquartered financial services provider focused on inclusive finance across the continent.
Chief Executive Officer Ester Kali said the institution entered 2026 from a position of relative operational strength despite persistent economic and regulatory pressures affecting financial institutions across the region.
Kali noted that the results demonstrate the organisation’s ability to maintain performance stability in a complex environment. She stated that the company had delivered growth across key profitability indicators while continuing to adapt to changing market dynamics within Namibia’s financial sector.
Net interest income increased by 32 percent to N$724 million compared with N$549 million in the previous financial year. The increase was driven primarily by expansion of the loan book and adjustments in the pricing of previously lower interest lending products.
Credit quality remained relatively stable during the period despite increased lending volumes. The group’s non performing loans ratio was reported at 5.33 percent, marginally higher than the 5.10 percent recorded in 2024. The company reported an impairment charge of N$5 million for the year, producing a loan loss ratio of 0.09 percent against average gross advances, indicating relatively limited credit losses during the reporting period.
Profitability indicators also improved. Return on average equity rose to 18 percent from 15 percent in the prior year, while return on average assets increased to 7 percent compared with 6 percent in 2024. Basic and headline earnings per share rose to 101 cents from 84 cents.
The results suggest a continuation of the company’s efforts to broaden its funding model. Customer deposits grew by 24.5 percent to N$1.6 billion from N$1.3 billion in the previous year. Letshego also expanded its local funding base to N$2.6 billion, a shift that the company says reduces reliance on intercompany funding and equity capital.
During the reporting period the institution raised N$461 million through bond issuances listed on the Namibian Stock Exchange. This activity forms part of a broader strategy to deepen domestic capital market participation while supporting financial sector liquidity within Namibia.
Kali said the company continues to develop what it describes as a community embedded and deposit led operating model. The strategy aims to gradually diversify lending exposure and reduce reliance on single segment credit markets while strengthening financial resilience.
The board declared a final dividend of 54.14 cents per ordinary share. According to the company’s announcement, the last day to trade shares cum dividend will be 1 April 2026, with the shares expected to trade ex dividend from 2 April 2026. Payment of the dividend is scheduled for 24 April 2026.
Across southern Africa, financial institutions continue to navigate a period shaped by evolving regulatory frameworks, shifts in household credit demand and broader economic adjustments following pandemic era disruptions and global financial tightening. Within this context, Letshego’s results illustrate how regionally rooted financial institutions are attempting to expand access to credit while maintaining balance sheet stability.
The performance also highlights the role of locally mobilised deposits and domestic capital markets in strengthening African financial ecosystems. Analysts across the region increasingly note that deepening local funding structures may support more resilient lending models that are less dependent on external capital flows.
For Namibia’s financial sector, the results provide an indication of continued activity in consumer and micro lending markets that remain central to financial inclusion strategies across the Southern African Development Community.
