Restatement comparative information

Old Mutual's segment restatement has no impact on reported financial results.

What the company is saying

Old Mutual Limited announces that it has restated comparative segment information for the six months ended 30 June 2025 and the year ended 31 December 2025, in line with IFRS 8 requirements. The company emphasizes that this restatement only affects the allocation of amounts between reportable segments and does not alter previously reported earnings per share, headline earnings per share, balance sheet, equity, cash flows, or comprehensive income. The restated comparative information is now available online, and Old Mutual is finalising its financial results for the six months ended 30 June 2026, which will be released on 8 September 2026. The narrative is strictly factual, with no promotional language or forward-looking claims beyond the timing of the upcoming results. Old Mutual highlights its 181-year heritage and presence in 12 countries, with primary operations in Africa and a niche business in China. Contact details for investor relations and communications are provided, but no individual commentary or qualitative assessment is included.

What the data suggests

The announcement confirms that the restatement is limited to segment allocation and does not affect any key financial metrics previously disclosed, such as earnings per share, headline earnings, balance sheet, equity, cash flows, or profit and loss. No new financial results or operational performance data are provided in this release. The only numerical disclosures relate to the periods affected (six months ended 30 June 2025 and year ended 31 December 2025), the upcoming results period (six months ended 30 June 2026), the release date for those results (8 September 2026), and the company's operational footprint (12 countries, 181 years of heritage). The restated comparative information is available via a provided link, but the announcement itself contains no figures that would allow an assessment of financial trajectory or segment performance. The data is complete for the stated purpose of regulatory compliance but insufficient for financial analysis.

Analysis

The announcement is a routine regulatory disclosure regarding the restatement of comparative segment information, with explicit confirmation that there is no impact on previously reported financial results. The language is factual and avoids promotional or exaggerated claims. The only forward-looking statements concern the imminent release of half-year 2026 results, which is a standard procedural update rather than an aspirational projection. No capital outlay, operational expansion, or financial targets are discussed, and there is no attempt to frame the restatement as a value-creating event. The data supports the narrative fully, with no evidence of narrative inflation or overstatement.

Risk flags

• ●The restatement of segment information, while stated to have no impact on headline financials, may complicate period-over-period segment comparisons for analysts until the new allocation is fully integrated into future disclosures. This could temporarily reduce the clarity of segment performance trends.
• ●No new financial or operational data is provided in this announcement, leaving investors without updated performance metrics until the scheduled release on 8 September 2026. This creates a short window of informational opacity.
• ●The announcement relies on external documents for detailed restated comparatives, requiring investors to access additional sources to fully understand the segment reallocation. This extra step may delay or complicate immediate analysis.

Bottom line

This is a procedural update confirming that Old Mutual's restated segment information does not alter any headline financial results or key metrics. Investors should not expect any impact on earnings, cash flow, or balance sheet figures from this restatement. The only actionable information is the timing of the upcoming half-year 2026 results, which will be released on 8 September 2026. Until those results are published, there is no new data to inform investment decisions. The most important takeaway is that this restatement is a technical adjustment with no financial consequence, and attention should shift to the imminent results release for substantive updates.

Announcement summary

(LSE/AIM:DI) Old Mutual Limited announced the availability of restated comparative segment information for the six months ended 30 June 2025 and the year ended 31 December 2025, in accordance with IFRS 8. The restatement reflects the final allocation of entities and activities between operating segments. The restatement affects only the allocation of amounts between reportable segments and has no impact on the Group's previously reported earnings per share, headline earnings per share, statement of financial position, statement of changes in equity, statement of cash flows, and/or statement of profits or loss and other comprehensive income. The restatement comparative is published and available at https://www.oldmutual.com/omdocs/bltdfdf52a1b9aaf956/Restatement_of_Comparative_Information_H1_2026.pdf. Old Mutual is in the process of finalising its financial results for the six months ended 30 June 2026. These results will be released on the Stock Exchange News Service of the JSE Limited on Tuesday, 8 September 2026. This announcement is available on the Old Mutual website https://www.oldmutual.com/investor-relations/reporting-centre. Old Mutual's primary operations are in Africa and it has a niche business in China. The company operates across key market segments in 12 countries.

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