Discovery reports strong profit growth, increased dividend for year ended june 2025

Discovery Limited reported a 29% increase in normalised profit from operations, reaching R15.21 bn for the year ended June 30, 2025. Normalised headline earnings also saw a 30% rise to R9.78 bn, contributing to a normalised return on equity of 15.4%, up from 13.5% in the prior year. The group's cash conversion ratio improved to 77% from 65%.

The company declared a final gross cash dividend of 201.00 cents per ordinary share, marking a 32% increase from the prior year's 152.00 cents. This dividend is payable on Monday, October 20, 2025. Discovery's embedded value grew to R126.6 bn, representing a 15.7% annualised return on opening embedded value.

Discovery South Africa contributed significantly with a 22% growth in normalised profit from operations, while the Vitality composite experienced a 70% growth. The group's net asset value increased by 21% to R65.69 bn.