DSY Trading Statement Bullish

DISCOVERY LIMITED - Operational update and trading statement for the six-month period ended 31 December 2025

Discovery Limited
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What this filing means

Discovery expects substantial growth with HEPS up 25-30%, driven by Discovery Bank turning profitable and strong international health insurance performance.

Bull case

  • Expected HEPS growth of 25% to 30% signals significant earnings momentum and a successful implementation of the Shared-value model.
  • Discovery Bank has turned profitable, contributing a swing of R210m to R230m while acquiring approximately 1,500 customers daily.

Bear case

  • Ping An Health Insurance faces a 22.5% new business headwind following the termination of a distribution agreement with Ping An Life.

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Category
Trading Statement
Published
Feb 26, 2026

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