Operator
Good afternoon, ladies and gentlemen, and welcome to the Momentum Group Operating Update for the 9 months to March 2026. [Operator Instructions] Please note that this event is being recorded. I will now hand over to the Group CEO, Jeanette Marais. Please go ahead.
Jeanette Cilliers
Group CEO & Executive Director
Thank you. Good afternoon, everybody, and welcome to our operating update for quarter 3 of F 2026. I’m joined on this call by our Group Finance Director, Risto Ketola; as well as Rowan Burger and [indiscernible] from our Investor Relations team.
We’re almost at the end of year 2 of our impact strategy, and I’m very satisfied that we continued the positive earnings trajectory into the third quarter. Remember that our earnings target for this financial year is ZAR 6 billion, and we reported that normalized headline earnings grew by 15% year-on-year to ZAR 5.5 billion at the end of the 9 months.
This performance was underpinned by good earnings contributions across all our operating business units. Those businesses who had exceptional earnings in F 2025 have maintained their performance and the others have shown strong growth. We are excited to see our India segment showing a positive earnings number year-to-date, not just over the quarter.
New business sales grew by 15%. This was supported by healthy investment flows in Momentum Corporate, significant corporate scheme wins in Momentum Africa
