Netcare (NTC) Trading update summary

Earnings outlook

• EPS for H1 2026 is expected to rise to 70.0–72.9 cents, an increase of 18% to 23% from H1 2025.

• HEPS for H1 2026 is projected at 69.7–72.7 cents, up 18% to 23% year-on-year.

• Adjusted HEPS is anticipated at 69.4–72.3 cents, reflecting an 18% to 23% increase.

Drivers of performance

• Growth supported by increased activity, operational efficiencies, digitisation benefits, and share buybacks.

• Adjusted HEPS excludes non-trading and non-recurring items, focusing on sustainable earnings.

Reporting timeline

• Unaudited interim Group results for H1 2026 will be released on or about 25 May 2026.