South Africa · Delayed Price · Currency is ZAR · Price in ZAc Discovery Earnings Call Transcripts
Fiscal Year 2026
-
Normalized Operating Profit rose 24% and Normalized Headline Earnings increased 27% year-over-year, with robust growth across all segments, especially Discovery Bank and Vitality Global. Dividend grew 28%, and Vitality AI was launched as a key innovation driver.
Fiscal Year 2025
-
The AGM confirmed strong financial results, with profit from operations up 29% and headline earnings up 30%. All resolutions, including board appointments and governance measures, passed with strong support. Board diversity targets were exceeded, and a five-year growth plan was reaffirmed.
-
Operating profit rose 29% with strong cash generation and robust growth across all segments. The group targets 15-20% annual growth over five years, driven by digital innovation and global expansion, especially in Vitality AI and banking.
-
Strong interim results with 27% normalized operating profit growth and 34% higher headline earnings, driven by robust performances across banking, health, life, and global segments. Cash conversion remains high, leverage is declining, and the group is well positioned for continued growth and resilience.
Fiscal Year 2024
-
The AGM addressed strong financial growth, enhanced board diversity, and robust governance practices. All resolutions were passed, and shareholders engaged on transformation and remuneration, with management committing to ongoing improvements.
-
Discovery is targeting 15%-20% annual organic growth over the next five years, driven by scaling Discovery Bank and the global Vitality business, both leveraging a data-driven shared value model. The group’s technology and partnerships enable global expansion, with significant value uplift for partners and strong financial independence in key markets.
-
Normalized operating profit rose 17% year-over-year, with robust new business growth and strong cash generation. The group is entering a high-growth phase, targeting 15%-20% annual earnings growth, while segment performance was strong across banking, health, and global operations. Discovery Bank achieved operational profitability, and Ping An Health delivered record results.