Nedbank Group Limited (NDBKY) Q4 2025 Earnings Call Transcript

SA Transcripts158.78K FollowersFollow5ShareSaveComments Nedbank Group Limited (NDBKY) Q4 2025 Earnings Call March 3, 2026 9:00 AM EST Company Participants Jason Paul Quinn - CEO & DirectorMfundo Nkuhlu - COO & DirectorMichael Davis - CFO, Debt Officer & Director Presentation Jason Paul QuinnCEO & Director Good afternoon, and welcome, everyone, to the Nedbank Group 2025 Annual Results Presentation. Our presentation today will start with an overview of the Group's performance for the year, a reflection on the operating environment and an update on some key strategic developments. I'm then going to hand over to Mfundo, our COO who will provide an update on the progress we're making on our strategic execution. And Mike, our CFO, will follow with an analysis of the Group's financial performance for the period. I'll then return to close the presentation with an update on the economic outlook, our guidance for 2026 and our prospects for the medium to long term. 2025 was a transformative year from a strategic perspective at Nedbank. The external environment remained volatile and uncertain, as evidenced by continued global geopolitical conflict with concerning recent developments in the Middle East. Despite this, we have seen cautious optimism emerge as markets began pricing in a more supportive macroeconomic environment and the progress South Africa has made on multiple fronts. And I'll unpack some of these shortly. Banking conditions were particularly challenging in the first half, but I'm encouraged by the early green shoots evident in both corporate and consumer activity. From a strategy perspective, we've made a number of bold and swift strategic decisions, including the Group's strategic reorganization, effective July 1, acquiring iKhokha and concluding the sale of our 21% shareholding in ETI. In January this year, we also announced our intention to acquire a controlling interest in a leading East African bank NCBA Group. In addition, we concluded a confidential ZAR 600 million