Working closely with the Capitec team, Bradley Leathers reflects on what sits behind the bank’s 2025 results, and how the partnership is starting to reveal a more personal story of first investments, growing confidence, and long-term thinking.

Another strong year

Congratulations to Capitec on another outstanding set of annual results. With earnings growth of 23% and a client base near 26 million, these numbers speak to a business that continues to earn and retain client trust at scale.

Financial Results

Discovery delivered broad-based growth across the group:

• Headline earnings per share up 23% to 14 606 cents
• Headline earnings up 23% to R16.848 billion
• Final dividend per ordinary share 5 360 cents
• Return on equity: 31%
• App clients up 19% to 15.3 million
• Active clients: 25.8 million

Capitec has built one of the most purpose-driven client propositions in South African financial services, grounded in simplicity, affordability, and accessibility. Anchored in the belief that banking should be transparent and client-first, this clarity has driven consistent growth, made them the country’s largest retail bank by client numbers, and expanded meaningful access to formal financial services.

Capitec and EasyEquities are aligned in a shared ambition: to extend access beyond banking into investing, and to enable more South Africans to participate in long-term wealth creation. This partnership continues to scale meaningfully. Over the past year, Capitec registered accounts on EasyEquities grew by 23%, with net asset value increasing by 75% and funded accounts rising by 21%.

What matters most, however, is what sits behind this growth: first-time investors entering the market, clients building portfolios, and a growing base of South Africans taking meaningful steps toward long-term financial independence.

We are proud of what this partnership has achieved, and we remain committed to building on this momentum as we continue to expand access to investing for millions of South Africans.

To take the conversation a step further, we’re opening up space to hear directly from the people behind it.

We’ve invited Capitec CEO Graham Lee to join us for an open conversation with the EasyEquities community, alongside Charles Savage, CEO of Purple Group.

Following Capitec’s recent results, this is a chance to hear directly from the person shaping the business. We’ll unpack how the bank is thinking about growth, customers and the road ahead, in a way that connects the numbers to real decisions.

You’ll also have the opportunity to ask your own questions. It’s a rare chance to engage directly and hear the thinking behind one of South Africa’s most closely watched businesses.

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