Momentum Group Posts Record H2 2026 Earnings, Exceeding FY 2027 Targets

Momentum Group Ltd, through its subsidiaries including Metallium Ltd, reported a record second-half 2026 earnings performance, with normalized headline earnings of ZAR 7.1 billion—up 13% year-on-year from roughly ZAR 3.5 billion in FY 2023. This exceeded market expectations, which had forecasted ZAR 6.3 billion by FY 2027. The company also surpassed its own aggressive target of ZAR 7 billion, achieving an 18% year-on-year increase in earnings per share (EPS). Embedded value per share rose by 19%, while return on equity (ROE) reached 21.7%, exceeding the FY 2027 target of 20%. Return on embedded value (ROEV), including dividends, stood at 24%, with a long-term average of 16% over five years, reflecting disciplined financial management.