Netcare sees 7.6% earnings growth, hikes dividend

Continues share buyback.

Private healthcare services group Netcare recorded a 7.6% increase in adjusted headline earnings per share (Heps) for the year ended 30 December 2024.

In a statement on Sens, the group announced a total dividend of 70 cents per share for the period under review – up 7.7% from the prior period.

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Group revenue for the 12 months came in at R25.2 billion – up 6.3%.

Netcare executed a share buyback programme in the period under review, during which 60.4 million shares were acquired at an average price of 1 193 cents per share, amounting to R722 million. Since the commencement of the buyback scheme, the group has bought back 84.8 million shares (5.9% of total ordinary shares) at an average price of 1 227 cents per share.

Outlook and guidance

The group is cautiously optimistic about the trajectory of macroeconomic improvements in South Africa but recognises that they might take time to translate into “substantial growth in medically insured lives”.

Netcare expects revenue growth of between 5% and 6% for the 2025 financial year.

Netcare share price 

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