+17%
Net result from financial services (+19% on a normalised basis)
+14%
Net operational earnings (+16% on a normalised basis)
+2%
Operating profit excluding investment variance (+18% on a normalised basis)
-3%
Operating profit (+10% on a normalised basis)
-6%
Adjusted headline earnings (+4% on a normalised basis)
+1%
(+6% on a normalised basis)
-19%
(-5% on a normalised basis)
2,25%
R75 billion
+87%
8,9%
for the six-month period (18,2% annualised)
+14%
Net result from financial services (+15% per share)
+14%
Cash net result from financial services (+14% per share)
+15%
Net operational earnings (+15% per share)
R51,2 billion
(+7% on a normalised basis)
R 1,1 billion -18%
on 2024 ( -3% on a normalised basis)
2,22%
R48,5 billion
+>100% on 2024
R218 billion
+7% on 2024
The first quarter of 2025 was characterized by escalating global geopolitical tensions and evolving economic policies. The group achieved solid growth, driven by its diverse operations across products, market segments, and geographies. Additionally, excellent cash generation and a strong capital foundation have continued to position the group favourably.
+15% Net result from financial services
+22% Net operational earnings
-3% on 2024
+4% on a normalised basis
-20% on 2024
+4% on a normalised basis
2,22%
R20 billion
+>100% on 2024
+20,3%
+14%
(25% including reinsurance recapture fee)
+6%
R103,2 billion
+3%
R2 902 million
+2%
2,81%
(2023: 2,85%)