Netcare, ZAE000011953

Netcare stock: Netcare reports 4.0 percent FY 2026 growth. November 23 results cover Netcare stock

Published on 10/22/2026 at 01:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netcare cites 1.6 percent patient-day growth and ZAR 1.0 billion in buybacks on September 30. Netcare stock has results due on November 23.

FY 2026 growth outlook

Netcare expects 4.0 percent group revenue growth for fiscal year 2026 after September 30, 2026.
Paid patient days are expected to increase 1.6 percent, while buybacks reached 60.2 million shares in fiscal year 2026.
Netcare plans to publish audited fiscal year 2026 results on November 23, 2026.

Netcare, ZAE000011953, Illustration mit AI erstellt.

Netcare Limited (ISIN ZAE000011953) expects group revenue to grow 4.0 percent in fiscal year 2026 after its September 30, 2026 trading update. Sharenet reported that the update also kept the company on track for its previously communicated guidance.

What does the update mean for margins?

The operating picture combines volume growth with a difficult primary-care comparison. Total paid patient days are expected to rise 1.6 percent in fiscal year 2026, while acute paid patient days are expected to increase 0.8 percent. Netcare also expects its normalized EBITDA margin to expand from 18.6 percent in fiscal year 2025.

Hospital and Emergency Services revenue is expected to increase 4.2 percent in fiscal year 2026. Primary Care revenue is expected to decline 6.9 percent because of the non-renewal of a large occupational healthcare contract, although underlying Primary Care revenue excluding that contract is expected to rise 5.8 percent, according to Business Day.

Buybacks support the capital picture

Netcare applied ZAR 1.0 billion to repurchase 60.2 million ordinary shares during fiscal year 2026. The update said the group had 1,140.4 million shares outstanding net of treasury shares at the end of September 2026, compared with 1,191.8 million shares a year earlier. That reduction gives the buyback program a measurable per-share effect, even as medical-scheme interventions weigh on acute activity.

When do the results arrive?

Netcare plans to release audited fiscal year 2026 results on November 23, 2026, according to the September 30 announcement. Its investor-relations page also identifies the 2026 interim-results presentation held on May 25, 2026, while Business Day reported that first-half profit rose 12.0 percent to ZAR 924.0 million and revenue increased 4.8 percent to ZAR 13.3 billion.

JSE quote and operating range

Netcare's last quoted price on the JSE was ZAc 1,752.00 on October 21, 2026 at 5:03 p.m. SAST. The same dated market snapshot showed a 52-week range of ZAc 1,412.00 to ZAc 1,943.00. The next reported result is the main dated event for the stock.