2025/11/13 – 15:30:00 – 1086689593471795728
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Reviewed financial results for the year ended 30 september 2025
NAMIBIA ASSET MANAGEMENT LTD (“NAM”)
Registration No. 97/397
Registered in Namibia
ISIN Code: NA000AOJMZ44
NSX Share Code: NAM
REVIEWED FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
OVERVIEW OF PERFORMANCE
Key outcomes from NAM’s reviewed results for the year ended 30
September 2025 are as follows:
Reviewed Audited
30 Sept 2025 30 Sept 2024
Operating profit 16 149 475 13 690 172
Fund management earnings 10 709 192 9 441 098
Total comprehensive income for the 12 441 282 11 030 273
year
Basic earnings per share (cents) 7.89 6.99
Headline earnings per share (cents) 7.89 6.99
Diluted earnings per share (cents) 7.21 6.47
Net asset value per share (cents) 21.48 20.50
Number of shares in issue 200,000,000 200,000,000
NAM’s assets under management (AuM) increased by 9.9% to N$22.2
billion (September 2024: N$20.2 billion) for the year ended 30
September 2025.
Dividend
The board resolved to declare an ordinary dividend of 6 cents per
share (2024: 6 cents per share).
The salient dates are as follows:
Last day to trade: 28 November 2025
Ex-dividend: 1 December 2025
Record date: 5 December 2025
Payment date: 12 December 2025
Prospects
The operating environment remains complex, shaped by elevated
geopolitical uncertainty, uneven global growth and a challenging
domestic backdrop. While volatility is expected to persist, current
market valuations present attractive opportunities for active
managers who can identify long-term value amid short-term noise.
Namibia’s medium-term outlook is underpinned by the potential of its
emerging oil and gas sector, improved regional trade dynamics, and a
continued focus on fiscal discipline and structural reform.
Despite operating in a volatile and challenging environment over the
past several years, NAM has continued to deliver consistent long-
term value for clients and stakeholders. We recognise that our
enduring success depends as much on the quality and relevance of our
client service as it does on investment performance – particularly
as client expectations evolve in an increasingly dynamic global and
technological landscape.
Within this environment, we remain well positioned to capitalise on
changing market conditions through our disciplined investment
philosophy, strong research capability, and proven long-term track
record. We continue to focus on delivering superior risk-adjusted
returns and sustainable value creation for our clients and
shareholders.
SHORT FORM ANNOUNCEMENT
This short form announcement is the responsibility of the directors.
It is only a summary of the information contained in the full
announcement and does not contain full or complete details.
The full announcement will be available on our website
http://www.namasset.com.na/ and via the NSX link
https://senspdf.jse.co.za/documents/2025/nsx/isse/nam/namsep2025.pdf
13 November 2025
BOARD OF DIRECTORS
L Smith*(Chairman); T Shaanika (Chief Executive Officer); R G Young*;
S Walters; N Salie*; E Kandongo; N Marcus; A Kapenda; J Breedt
(* South African)
REGISTERED OFFICE
1st Floor, Millennium House,Corner of Robert Mugabe Avenue and DR
AB May Street, Windhoek; P.O. Box 23329, Windhoek, Namibia
AUDITORS
Ernst & Young Namibia; Registered Accountants and Auditors; Chartered
Accountants (Namibia); Corner of Otto Nitzsche and Maritz Streets;
P.O Box 1857 Windhoek, Namibia
SPONSOR
IJG Securities (Pty) Ltd; Member of the NSX; 4th Floor, 1@Steps,
Corner of Grove and Chasie Streets, Kleine Kuppe, Windhoek, Namibia
TRANSFER SECRETARIES
NSX Financial Market Services (Pty) Ltd; 4 Robert Mugabe Avenue;
P.O. Box 2401; Windhoek, Namibia
Date: 13-11-2025 03:30:00
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Namibia Securities Exchange – NAM News