26 aug 25   old mutual ltd - trading statement old mutual ltd. | omu | 56.1 0 0.0% | mkt cap: 2,644m    rns number : 6500w old mutual limited 26 august 2025   old mutual limited incorporated in the republic of south africa registration number: 2017/235138/06 isin: zae000255360 lei: 213800mon84zwwpqcn47 jse share code: omu jse share code: omli lse share code: omu nsx share code: omm mse share code: omu zse share code: omu ("old mutual" or "group")   ref: 24/25 26 august 2025   old mutual trading statement for the six months ended 30 june 2025   investors are advised that old mutual is currently in the process of finalising its interim results for the six months ended 30 june 2025, which will be released on the stock exchange news service of the jse limited on wednesday, 10 september 2025. this trading statement provides an indication of a range for headline earnings per share and earnings per share in terms of paragraph 3.4(b) of the jse limited listings requirements compared to the six months ended 30 june 2024 (prior period). results from operations per share, adjusted headline earnings per share, headline earnings per share and basic earnings per share growth benefited from the share repurchase programme implemented in 2024 which contributed to a reduction in the weighted average number of ordinary shares to 4 270 million at 30 june 2025 (4 359 million at 30 june 2024). growth in results from operations was primarily driven by exceptional growth in old mutual insure and the impact of favourable financial markets. in addition, the prior period included once off adverse mortality experience in personal finance and an impairment of a secured loan in mass and foundation cluster. this growth was partially offset by the negative impact of a persistency basis change in mass and foundation cluster and higher central costs which includes a once off restructuring provision incurred to reduce future spending. adjusted headline earnings growth was further bolstered by increased shareholder investment returns as a result of improved performance in the south african and malawian equity markets which were considerably above expected returns. investors are reminded that we exclude the profits of our zimbabwean business from adjusted headline earnings due to continued restrictions on accessing capital by way of dividends. the reduction in ifrs profit and headline earnings was driven by an approximately r2.2 billion decrease in the zimbabwe profits as we implemented a change in functional currency from zimbabwe gold to the united states dollar from 1 july 2024. while this resulted in lower ifrs earnings to the group, this had a limited impact on net asset value due to lower currency translation losses reflected in equity. this decrease in ifrs profits and headline earnings does not have any impact on adjusted headline earnings. investors are advised that the group's key profit measures are expected to be within the ranges outlined below: key performance indicators (r million unless stated otherwise)   estimated % change   estimated 30 june 2025 unaudited results for the six months ended 30 june 2024 results from operations1 6% to 26% 4 498 to 5 346 4 243 results from operations per share (cents)2 9% to 29% 104.1 to 123.2 95.5 adjusted headline earnings3 19% to 39% 3 888 to 4 541 3 267 adjusted headline earnings per share (cents)2 21% to 41% 88.9 to 103.6 73.5 headline earnings -39% to -19% 3 553 to 4 718 5 825 headline earnings per share (cents) -37% to -17% 84.2 to 110.9 133.6 ifrs profit after tax attributable to equity holders of the parent (ifrs profit) -31% to -12% 3 616 to 4 612 5 241 basic earnings per share (cents) -30% to -10% 84.1 to 108.2 120.2   1 results from operations is the primary measure of the operating business performance of the group's segments 2 results from operations per share and adjusted headline earnings per share are calculated with reference to adjusted weighted average number of shares. the weighted average number of shares is adjusted to reflect the group's broad-based black economic empowerment shares 3 adjusted headline earnings is the group's primary profit metric   investor engagement   a webcast of the presentation of the 2025 interim results and q&a will be on wednesday, 10 september 2025 at 11:00 south african time. register on the investor relations website: investor relations | old mutual alternatively, pre-register to participate in the call on the following link: diamond pass registration analysts and investors who wish to participate in the call may do so using the same link or telephone numbers below: access numbers for recorded playback: access code for recorded playback: 47891 south africa +27 10 500 4108 uk +44 203 608 8021 australia +61 73 911 1378 usa +1 412 317 0088 international +27 10 500 4108   to access the replay using an international dial-in number, please select the link below: https://services.choruscall.com/ccforms/replay.html the replay will be available until 15 september 2025   the financial information in this trading statement is the responsibility of the old mutual limited board of directors and has not been reviewed or reported on by the group's external auditors.   sandton   sponsors jse tamela holdings (proprietary) limited namibia psg wealth management (namibia) (proprietary) limited zimbabwe imara capital zimbabwe plc malawi stockbrokers malawi limited   enquiries   investor relations    langa manqele head of investor relations   m: +27 82 295 9840 e: investorrelations@oldmutual.com      communications wendy tlou                                         m: +27 82 906 5008 chief communications and reputation officer                      e: oldmutualnews@oldmutual.com   notes to editors about old mutual old mutual is a premium african financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 12 countries. old mutual's primary operations are in africa and it has a niche business in china. with over 180 years of heritage across sub-saharan africa, old mutual is a crucial part of the communities it serves as well as broader society on the continent.   for further information on old mutual and its underlying businesses, please visit the corporate website at www.oldmutual.com.                                     this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. 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