Discovery (DSY) H1 2026 TU earnings summary

Executive summary

• Robust results for the six months ended 31 December 2025, with strong growth in profit and earnings.

• New business annual premium income (API) increased by 12% year-over-year.

• Vitality Shared-value model drove superior margins and returns across business segments.

Financial highlights

• Normalised profit from operations expected to rise 22%–27% compared to the prior period.

• Headline earnings expected to increase 27%–32% year-over-year.

• New business API up 12% for the reporting period.

• Basic EPS expected to increase 25%–30% to 826.6–859.7 cents year-over-year.

• Normalised HEPS (NHEPS) expected to rise 24%–29% to 842.7–876.7 cents year-over-year.

Outlook and guidance

• Results for the six months ended 31 December 2025 to be released on or about 3 March 2026.

• Board of directors responsible for forecast financial information; not reviewed by external auditors.