Momentum expects up to 55% jump in headline earnings

Momentum Group anticipates headline earnings per share (Heps) for the six months ended 30 June 2025 to rise between 45% and 55% to a range of 432.0 to 461.8 cents, compared with 298.6 cents in the previous financial year.

Read the voluntary trading statement here.

Momentum CEO: The best half-year in the last five years.

The group notes its South African life businesses benefited from steady earnings generated by the in-force book and the release of the contractual service margin, particularly within the Momentum Retail and Momentum Investments segments.

Positive experience variances, largely driven by favourable mortality and morbidity trends, added to earnings momentum in Momentum Corporate.

Momentum Insure delivered higher earnings thanks to continued pricing and claims discipline, supported by a favourable underwriting environment. Guardrisk also achieved meaningful growth in underwriting profit and management fee income.

The group notes that investment market performance and a favourable yield curve further boosted earnings. These gains came on top of operational strength across business lines.

The group emphasised that it maintains “capital strength, liquidity resilience and the ability to generate cash earnings,” it notes.

The group will announce its interim results on Wednesday, 17 September 2025.

Read: Momentum is picking up, and Pick n Pay is gathering steam

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