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	2016 - 2020
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	2016 - 2020
Premiums & Annuity Revenue	56,407	50,942	45,128	50,050	47,383	Upgrade
Total Interest & Dividend Income	3,201	-4,545	-5,461	1,107	907	Upgrade
Gain (Loss) on Sale of Investments	25,818	16,267	17,227	-1,658	12,296	Upgrade
Non-Insurance Activities Revenue	2,238	1,872	1,292	853	633	Upgrade
Other Revenue	179	15,118	12,582	17,588	16,912	Upgrade
Total Revenue	87,843	79,654	70,768	67,940	78,131	Upgrade
Revenue Growth (YoY)	10.28%	12.56%	4.16%	-13.04%	20.95%	Upgrade
Policy Benefits	49,028	46,145	39,826	31,980	46,607	Upgrade
Policy Acquisition & Underwriting Costs	384	988	880	4,758	5,033	Upgrade
Amortization of Goodwill & Intangibles	-	-	-	59	66	Upgrade
Selling, General & Administrative	21,765	19,567	18,171	25,084	22,567	Upgrade
Provision for Bad Debts	279	183	139	67	271	Upgrade
Non-Insurance Activities Expense	543	474	327	208	153	Upgrade
Reinsurance Income or Expense	-	-	-	2,859	2,773	Upgrade
Total Operating Expenses	71,999	67,357	59,343	59,297	71,924	Upgrade
Operating Income	15,844	12,297	11,425	8,643	6,207	Upgrade
Interest Expense	-3,324	-3,097	-2,663	-2,151	-2,034	Upgrade
Earnings From Equity Investments	1,215	975	525	422	523	Upgrade
Currency Exchange Gain (Loss)	-36	-87	149	155	-389	Upgrade
EBT Excluding Unusual Items	13,699	10,088	9,436	7,069	4,307	Upgrade
Impairment of Goodwill	-20	-	-9	-	-	Upgrade
Gain (Loss) on Sale of Investments	-32	-	-	-	-	Upgrade
Asset Writedown	-	-77	-369	-125	-112	Upgrade
Pretax Income	13,647	10,011	9,058	6,944	4,195	Upgrade
Income Tax Expense	4,089	2,647	2,486	1,465	975	Upgrade
Earnings From Continuing Ops.	9,558	7,364	6,572	5,479	3,220	Upgrade
Minority Interest in Earnings	-6	-10	-7	-1	-	Upgrade
Net Income	9,552	7,354	6,565	5,478	3,220	Upgrade
Preferred Dividends & Other Adjustments	-	216	181	56	63	Upgrade
Net Income to Common	9,552	7,138	6,384	5,422	3,157	Upgrade
Net Income Growth	29.89%	12.02%	19.84%	70.12%	1708.99%	Upgrade
Shares Outstanding (Basic)	681	661	658	657	657	Upgrade
Shares Outstanding (Diluted)	685	665	661	663	664	Upgrade
Shares Change (YoY)	2.97%	0.56%	-0.27%	-0.15%	0.43%	Upgrade
EPS (Basic)	14.02	10.80	9.70	8.25	4.81	Upgrade
EPS (Diluted)	13.95	10.76	9.68	8.18	4.75	Upgrade
EPS Growth	29.60%	11.21%	18.36%	72.00%	3134.01%	Upgrade
Free Cash Flow	8,373	2,319	3,670	3,322	10,130	Upgrade
Free Cash Flow Per Share	12.23	3.49	5.55	5.01	15.25	Upgrade
Dividend Per Share	-	2.170	1.100	-	-	Upgrade
Dividend Growth	-	97.27%	-	-	-	Upgrade
Operating Margin	18.04%	15.44%	16.14%	12.72%	7.94%	Upgrade
Profit Margin	10.87%	8.96%	9.02%	7.98%	4.04%	Upgrade
Free Cash Flow Margin	9.53%	2.91%	5.19%	4.89%	12.96%	Upgrade
EBITDA	16,251	12,700	11,790	9,352	6,923	Upgrade
EBITDA Margin	18.50%	15.94%	16.66%	13.76%	8.86%	Upgrade
D&A For EBITDA	407	403	365	709	716	Upgrade
EBIT	15,844	12,297	11,425	8,643	6,207	Upgrade
EBIT Margin	18.04%	15.44%	16.14%	12.72%	7.94%	Upgrade
Effective Tax Rate	29.96%	26.44%	27.45%	21.10%	23.24%	Upgrade

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.