Discovery Bank posted a profit of R75 million in the six months to 31 December 2025, with this being the first reported profit for the bank.
This marks a significant milestone in the bank’s journey and that of the broader Discovery Group, with it well into its new phase of growth.
Discovery aims to grow its normalised profit between 15% and 20% from 2025 through 2029, nearly doubling the size of the company, while reducing expenditure on new businesses as they become profitable.
So far, in the previous full financial year and its latest interim results, Discovery has exceeded these targets, with many of its business units tracking ahead of plan.
Most notable among these is its bank, which continues to go from strength to strength. In its latest interim results, Discovery Bank grew its normalised profit by R220 million, bringing it to a positive R75 million for the six months.
This was coupled with a 28% growth in the bank’s client base, with its growth accelerating to 1,500 new clients onboarded per day for the last six months of 2025.
By DailyInvestor
