Discovery expects FY normalised headline earnings to rise 18%-23%

• Discovery flagged robust FY2026 results, with normalized profit from operations seen up 15%-20% from FY2025.
• South Africa unit normalized profit from operations expected to rise 13%-18%; Vitality composite projected up 18%-23%.
• Normalized headline earnings forecast to increase 18%-23%, supported by lower finance costs as leverage declines.
• Headline earnings expected to climb 31%-36%, boosted by a gain tied to ending the lease via buying 1 Discovery Place.
• EPS seen up 35%-40% to 1,893.0-1,963.1 cents; HEPS up 31%-36% to 1,895.6-1,967.9 cents.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Discovery Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S602115), on August 26, 2026, and is solely responsible for the information contained therein.