Discovery Financial Results 2025



 Discovery delivered broad-based growth across the group: 

• Normalised profit increased 24% to R8.9 billion

• Headline earnings rose 29% to R5.7 billion

• New business grew 12% to R14.0 billion

• Dividend declared up 28% to 111 cents per share

It was supported by 19% profit growth in Discovery SA and 41% growth in Vitality. And when you consider that Discovery is onboarding more than 1,500 new clients per day, it becomes clear that this is a business with real momentum.

 

To me, these results reinforce Discovery’s position as a leading financial services and insurance group - one that is growing earnings while continuing to invest in innovation and long-term capability.



But what makes this especially meaningful is what we’re seeing inside EasyEquities.

Discovery and EasyEquities: Growing Investor Engagement 

Over the past 12 months, Discovery-linked accounts on our platform have grown by more than 70%. At the same time, Net Asset Value across those accounts has increased by well over 100%.

That tells a powerful story.

Even more encouraging is the quality of that growth. The average NAV per client continues to rise meaningfully year-on-year. And the Discovery community on EasyEquities remains younger than the broader investing market.

Higher balances and younger investors - that’s long-term participation expanding in real time.

 Expanding Access to Investing in South Africa 

Through our partnership, we’re making it simpler for Discovery clients to access the markets and build long-term wealth. Lowering barriers matters. When investing becomes easier and more transparent, more people participate. And when participation increases, wealth creation becomes more inclusive.

Discovery’s continued client growth, combined with strong financial performance and dividend expansion, creates a solid foundation for sustained investor confidence.

For me, this is what happens when two purpose-led businesses align around helping people grow and protect their wealth.

Discovery’s interim performance reflects structural innovation through the Shared-Value model, ongoing investment in data and AI, consistent earnings growth, and expanding client participation.

Those fundamentals matter. Strong profit growth. Rising dividends. Growing investor engagement. Increasing balances.

At EasyEquities, we value partnerships that create real impact - not just commercially, but in how they expand access and empower investors.

We’re proud of what we’ve built together, and I’m excited about continuing this growth journey and supporting the next generation of long-term investors in South Africa.