Discovery forecasts up to 32% jump in annual earnings

Financial services group Discovery expects headline earnings per share to rise between 27% and 32% for the year ended 30 June 2025, the group announced in a trading statement on Wednesday.

Discovery’s share price reacted positively, rising as much as 4.25% to R221.50 around 2pm.

Discovery share price

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During the review period, all business units performed strongly, with Discovery Bank delivering its first profitable period in the second half of the financial year – ahead of plan, the group said.

Discovery Health is expected to show profit growth of between 4% and 9%, while Discovery Life is forecast to grow between 11% and 16%.

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Overall, Discovery South Africa’s profits are forecast to increase by between 20% and 25%. Profits at Vitality UK and Vitality Global are expected to jump between 67% and 72%.

“The Vitality composite’s result reflects the excellent progress made in restructuring all the global operations into a focused, single business over the last nine months,” the group noted.

Discovery is expected to release its full-year results on or around Thursday, 11 September.

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