Absa Group Ltd JSE:ABG:
VOLUNTARY TRADING UPDATE FOR THE SIX MONTHS ENDING 30 JUNE 2026
EXPECTS REVENUE TO GROW BY LOW TO MID-SINGLE DIGITS IN 1H26
EXPECTS HEADLINE EARNINGS TO GROW MID- TO HIGH SINGLE DIGITS IN 1H26
OPERATING ENVIRONMENT REMAINS CHALLENGING AND UNCERTAIN
MIDDLE EAST CONFLICT INCREASED GLOBAL INFLATION EXPECTATIONS AND DAMPENED GDP GROWTH
REDUCED 2026 GDP GROWTH EXPECTATIONS SLIGHTLY FOR LARGEST COUNTRIES, SOUTH AFRICA, GHANA AND KENYA
EXPECTS GROUP CET 1 RATIO SLIGHTLY ABOVE 12.5% AND DIVIDEND PAYOUT RATIO AROUND 55% IN 1H26
EXPECT TO ACHIEVE 2026 ROE OF AROUND 15%, MOSTLY DUE TO WEAKER NET INTEREST INCOME THAN WE ORIGINALLY ANTICIPATED
CONFIDENT THAT REVENUE AND EARNINGS MOMENTUM REMAINS ON TRACK MEDIUM-TERM