FirstRand stock reports 13 percent continuing earnings growth

Published on 10/05/2026 at 14:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FirstRand stock was last at ZAR 89.70 on October 2, 2026, 12.8 percent below its 52-week high. The FY2026 dividend rose 16 percent to 539 cents per share.

FirstRand, ZAE000066304, Illustration mit AI erstellt.

FirstRand stock (ISIN ZAE000066304) was last at ZAR 89.70 on the JSE on October 2, 2026, after gaining 0.21 percent during that session. The key company event is the fiscal 2026 result, in which continuing normalized earnings increased 13 percent to ZAR 44.461 billion, according to Sharenet on September 10, 2026.

Continuing earnings rise 13 percent

The result separates FirstRand's ongoing South African and broader African businesses from its planned UK exit. Continuing operations generated normalized earnings of ZAR 44.461 billion for the year ended June 30, 2026, compared with ZAR 39.415 billion a year earlier, while return on equity increased from 24.3 percent to 24.9 percent, Sharenet reported.

Franchise performance supplied the operating momentum. FNB's normalized earnings rose 12 percent to ZAR 26.441 billion, while RMB increased 15 percent to ZAR 12.292 billion for fiscal year 2026, according to Moneyweb on September 10, 2026.

UK provision cuts reported profit

The headline result was weaker because FirstRand recognized a post-tax UK motor commission impact of ZAR 8.715 billion. Total reported earnings consequently fell 5 percent to ZAR 39.692 billion for the year ended June 30, 2026, even as normalized earnings excluding the provision increased 10 percent to ZAR 48.409 billion, according to Sharenet.

Credit metrics provided a counterweight. The continuing operations credit loss ratio improved to 1.05 percent from 1.08 percent, while core lending advances grew 7 percent to ZAR 1.374 trillion in fiscal year 2026. The company also lifted its total ordinary dividend 16 percent to 539 cents per share, including a final dividend of 280 cents, Moneyweb reported.

Dividend dates start October 6

The final dividend schedule creates the next dated checkpoint for shareholders. The last day to trade is October 6, 2026, the shares go ex-dividend on October 7, 2026, and payment is scheduled for October 12, 2026, according to Sharenet.

For the continuing business, management guided to normalized earnings growth of high single digits to low double digits for the year ending June 30, 2027, while setting a continuing-operations return-on-equity range of 21 percent to 26 percent, Sharenet said.

Stock sits below yearly high

At ZAR 89.70 on October 2, 2026, FirstRand was 12.8 percent below its 52-week high of ZAR 102.88 and 16.4 percent above its 52-week low of ZAR 77.09. The JSE-listed bank had a market capitalization of ZAR 502.1 billion and traded 9.19 million shares in that session.