Discovery Income Statement

Financials in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Premiums & Annuity Revenue	56,407	51,215	45,128	50,050	47,383
Total Interest & Dividend Income	-9,887	-4,593	-5,461	1,107	907
Gain (Loss) on Sale of Investments	25,786	16,267	17,227	-1,658	12,296
Non-Insurance Activities Revenue	2,238	1,872	1,292	853	633
Other Revenue	13,267	14,621	12,582	17,588	16,912
Total Revenue	87,811	79,382	70,768	67,940	78,131
Revenue Growth (YoY)	10.62%	12.17%	4.16%	-13.04%	20.95%
Policy Benefits	49,028	46,117	39,826	31,980	46,607
Policy Acquisition & Underwriting Costs	384	491	880	4,758	5,033
Amortization of Goodwill & Intangibles	-	-	-	59	66
Selling, General & Administrative	21,558	19,567	18,171	25,084	22,567
Provision for Bad Debts	279	183	139	67	271
Non-Insurance Activities Expense	543	474	327	208	153
Reinsurance Income or Expense	-	-	-	2,859	2,773
Total Operating Expenses	71,792	66,832	59,343	59,297	71,924
Operating Income	16,019	12,550	11,425	8,643	6,207
Interest Expense	-3,324	-3,097	-2,663	-2,151	-2,034
Earnings From Equity Investments	1,215	975	525	422	523
Currency Exchange Gain (Loss)	-36	-87	149	155	-389
EBT Excluding Unusual Items	13,874	10,341	9,436	7,069	4,307
Impairment of Goodwill	-20	-	-9	-	-
Asset Writedown	-207	-77	-369	-125	-112
Pretax Income	13,647	10,264	9,058	6,944	4,195
Income Tax Expense	4,089	2,715	2,486	1,465	975
Earnings From Continuing Ops.	9,558	7,549	6,572	5,479	3,220
Minority Interest in Earnings	-6	-10	-7	-1	-
Net Income	9,552	7,539	6,565	5,478	3,220
Preferred Dividends & Other Adjustments	237	219	181	56	63
Net Income to Common	9,315	7,320	6,384	5,422	3,157
Net Income Growth	26.70%	14.84%	19.84%	70.12%	1708.99%
Shares Outstanding (Basic)	665	661	658	657	657
Shares Outstanding (Diluted)	669	665	661	663	664
Shares Change (YoY)	0.56%	0.56%	-0.27%	-0.15%	0.43%
EPS (Basic)	14.00	11.07	9.70	8.25	4.81
EPS (Diluted)	13.95	11.04	9.68	8.18	4.75
EPS Growth	26.38%	14.04%	18.36%	72.00%	3134.01%
Free Cash Flow	8,373	2,319	3,670	3,322	10,130
Free Cash Flow Per Share	12.52	3.49	5.55	5.01	15.25
Dividend Per Share	2.880	2.170	1.100	-	-
Dividend Growth	32.72%	97.27%	-	-	-
Operating Margin	18.24%	15.81%	16.14%	12.72%	7.94%
Profit Margin	10.61%	9.22%	9.02%	7.98%	4.04%
Free Cash Flow Margin	9.54%	2.92%	5.19%	4.89%	12.96%
EBITDA	16,426	12,953	11,790	9,352	6,923
EBITDA Margin	18.71%	16.32%	16.66%	13.76%	8.86%
D&A For EBITDA	407	403	365	709	716
EBIT	16,019	12,550	11,425	8,643	6,207
EBIT Margin	18.24%	15.81%	16.14%	12.72%	7.94%
Effective Tax Rate	29.96%	26.45%	27.45%	21.10%	23.24%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.