Momentum stock reports 13 percent earnings growth for fiscal 2026
Published on 09/30/2026 at 22:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Momentum Group reported normalized headline earnings of ZAR 7.06 billion for fiscal 2026, up 13 percent from ZAR 6.26 billion a year earlier. The results, released on September 17, 2026, put the South African financial services group one year ahead of its ZAR 7 billion earnings ambition.
Earnings exceed the target
According to Sharenet on September 17, 2026, operating profit increased 9 percent to ZAR 5.97 billion, while headline earnings per share rose 18 percent to ZAR 5.287 from ZAR 4.469 in fiscal 2025. Earnings per share increased 16 percent to ZAR 5.162.
The improvement extended across most divisions. Five businesses generated more than ZAR 1 billion in normalized headline earnings, while return on equity reached 21.7 percent in fiscal 2026, up from 21.2 percent in the prior year.
New business grows unevenly
Present value of new business premiums increased 18 percent to ZAR 93.8 billion, but value of new business rose only 5 percent to ZAR 491 million from ZAR 469 million. The contrast points to stronger sales volumes alongside pressure on the value extracted from new business.
Momentum also reported a 31 percent increase in its full-year dividend to ZAR 2.30 per share, including a final dividend of ZAR 1.20. Business Day reported on September 17, 2026, that Metropolitan Life recorded a 14 percent decline in new-business sales as the unit prioritized sales-force quality and management.
Dividend date moves closer
The company set October 6, 2026, as the last day to trade cum dividend and October 7, 2026, as the ex-dividend date. The record date is October 9, 2026, with payment scheduled for October 12, 2026, according to the results announcement.
For investors, the key split is clear: earnings growth and capital returns accelerated, while the 5 percent increase in value of new business lagged the 18 percent expansion in sales volumes.
Momentum Group at a glance
- Company: Momentum Group Limited
- Ticker: MTM
- Primary exchange: JSE
- Sector / Industry: Financial Services / Insurance - Diversified
