Discovery posts ZAR 1.2bn H1 normalised operating profit at VitalityHealth (+98%)

Reuters03-03
Discovery posts ZAR 1.2bn H1 normalised operating profit at VitalityHealth (+98%)

Discovery $(DSY)$ reported unaudited H1 results for the six months ended 31 December 2025, with normalised profit from operations up 24% to ZAR 8.9 billion. Profit attributable to ordinary shareholders rose 29% to ZAR 5.7 billion, while headline earnings increased 29% to ZAR 5.7 billion and normalised headline earnings grew 27% to ZAR 5.7 billion. Basic earnings per share climbed 28% to 846.6 cents and basic headline earnings per share rose 27% to 850.0 cents. Normalised return on equity improved to 17.4% and the financial leverage ratio decreased to 15.1%. Net asset value increased 25% to ZAR 73.4 billion and embedded value rose 15% to ZAR 135.8 billion, with basic embedded value per share up 13% to ZAR 201.97. Discovery declared an interim gross cash dividend of 111.0 cents per ordinary share for H1 (88.8 cents net of dividend withholding tax), with payment due on 7 April 2026. By business line, Discovery SA composite normalised profit from operations increased 19% to ZAR 6.8 billion, supported by Discovery Health (ZAR 2.1 billion, +5%), Discovery Life (ZAR 3.1 billion, +15%), Discovery Insure (ZAR 546 million, +34%) and Discovery Invest (ZAR 984 million, +1%). The Vitality composite normalised profit from operations rose 41% to ZAR 2.1 billion, including VitalityHealth (ZAR 1.2 billion, +98%), VitalityLife (ZAR 352 million, +8%) and Ping An Health Insurance (ZAR 573 million, +35%). Discovery noted Discovery Bank performed ahead of plan and is acquiring around 1,500 clients per day, while the group highlighted investment in Vitality AI and the launch of its partnership with Google during the reporting period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Discovery Limited published the original content used to generate this news brief via the SENS service, an information dissemination service administered by the JSE Limited ("JSE") (Ref. ID: S517860), on March 03, 2026, and is solely responsible for the information contained therein.

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