Namibia Asset Management posts N$18.4 million operating profit
By the AFREEQUE newsroom, based on Windhoek Observer
Namibia Asset Management, listed on the Namibian Stock Exchange, posted an operating profit of N$18.4 million for the year ended 30 September, up 14.1% year on year. It maintained an ordinary dividend of six cents per share, payable on 15 December, and was cautiously optimistic about the Namibian economy, according to its financial results.
Namibia Asset Management Limited, a Namibian asset management company listed on the Namibian Stock Exchange, increased its operating profit to N$18.4 million, up 14.1% year on year, for the year ended 30 September. Its fund management earnings rose by 25.6% to N$13.45 million, while total comprehensive income increased by 6.1% to N$13.2 million, according to its reviewed financial results.
The company nevertheless recorded a 16.7% decline in assets under management at the end of the financial year, to N$18.5 billion from N$22.2 billion a year earlier, despite a 7.2% increase in their average to N$22.3 billion. The board maintained the ordinary dividend at six Namibian cents per share, with payment scheduled for 15 December 2026, according to Namibia Asset Management.
Namibia Asset Management estimates that assets managed by Namibian investment companies increased by 16.1% year on year to N$353.8 billion as at 30 June 2026, creating opportunities to increase its market share. The company wants to attract more assets, expand its client base and develop its range of products and services.
It also plans to strengthen local skills in finance through mentoring, professional training and scholarships. Its scholarship programme has allocated more than N$5 million to Namibian students in finance since its creation. Namibia Asset Management also considers implementation of the Financial Institutions and Markets Act, FIMA, among the challenges facing a sector that has become more competitive and regulated.
