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Momentum Group (MTM) investor relations material
Momentum Group H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record normalized headline earnings of over ZAR 7 billion for FY 2026, up 13% year-over-year and a full year ahead of the 2027 target, with all business units profitable and five contributing more than ZAR 1 billion each.
Sales grew 18% to ZAR 94 billion, with strong contributions from Africa (+45%), Corporate (+38%), and Investments (+16%).
Return on equity (ROE) rose to 21.7%, exceeding the 2027 target and ranking among the industry's highest.
Dividend per share increased 31% year-over-year to ZAR 2.30.
Strategic focus on purpose, culture, and integration drove exponential improvement and positive shifts across the group.
Financial highlights
Normalized headline earnings reached ZAR 7.1 billion; adjusted for one-offs, normalized earnings are ZAR 6.6 billion.
Earnings per share rose 18% to 530 cents, reflecting both earnings growth and share buybacks.
Embedded value per share increased 19% to ZAR 50.60; return on embedded value (ROEV) was 24% for the year.
Value of new business (VNB) up 5% to ZAR 491 million, despite a ZAR 200 million decline in annuity VNB.
Dividend payout ratio for the year was 43%.
Outlook and guidance
Management expects continued strong performance, with further improvements in VNB and profitability targeted.
Surplus capital will be evaluated for optimal deployment, including potential buybacks or strategic investments over the next 3–6 months.
Ongoing focus on performance optimization, digital transformation, and capital efficiency.
Clear improvement plans for each business unit, with targeted earnings and VNB growth for FY 2027.
- Earnings up 15% to ZAR 5.54bn, ROE at 23.3%, and Bonitas onboarding marks a major milestone.MTM
Q3 2026 - Strong ROE, digital transformation, and disciplined execution drive ongoing momentum.MTM
CMD 2026 - Earnings up 8%, dividend up 29%, solvency strong, and health admin expands with Bonitas.MTM
H1 2026 - Earnings rose to ZAR 1.76bn, but VNB margin fell to 0.7% amid lower annuity sales.MTM
Q1 2026 - Earnings up 27% to ZAR 4.4bn, record sales, digital growth, and ZAR 1bn buyback approved.MTM
Q4 2024 - Three-year plan targets ZAR 7bn earnings, 20% ROE, and advice-led, digital-driven growth.MTM
Investor Update - Strong new business growth, improved claims ratios, and robust solvency position.MTM
Q3 2024 - Earnings up 44% to ZAR 3.437bn, ROE at 24.6%, with strong segment results and higher dividend.MTM
Q2 2025 - Digital transformation and cost optimisation drive sustainable growth and capital efficiency.MTM
CMD 2025
Next Momentum Group earnings date
Next Momentum Group earnings date
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