Nedbank Group said in a first-half 2026 pre-close update that diluted headline earnings per share for the full year are expected to grow slightly faster than headline earnings, reflecting the impact of 2025 share buybacks. Over the first five months of 2026, net interest income rose in the low to mid single digits, non-interest revenue increased in the upper single digits and pre-provision operating profit advanced, with core PPOP (excluding associates) up in the upper single digits.
The bank said higher impairments and the absence of associate income from Ecobank Transnational Incorporated weighed on headline earnings. The credit loss ratio moved into the upper half of the group’s through-the-cycle range. Further information is available in the full announcement.