Hi, so a bit of an update. What helped a little to improve the battery drain was to manually go and turn off background refresh for each app, I noticed that even when I had battery refresh toggled off for all apps - there were still some newly installed apps that still had the background refresh on that I wasn't able to toggle off. So I had to untangle the main button under batter refresh, ensure all the apps had it toggled off and then toggled off the main button again. Also, by turning off 'mobile data' for almost all apps except phone, camera, maps and banking. This doesn't help a lot though. I also turned off a lot of other features recommended by expert youtubers, under accessibility and also privacy and security. The issues with the iOS 18.7.2 are still there.
And yes Mac Jim is right that META apps drain a lot of battery, but we've been using these apps on previous iOS updates/versions as well so it shouldn't change that much.
In the end the only way out of this is either to get a newer apple phone, or buy an older refurbished one that is still operating on an older iOS and NOT update. I don't know how much longer the iOS 18.7.2. update will be available, as eventually they want all users with phones that are compatible to move to iOS26.
I plan to hold out till as long as I can, even if it means I may not get all the security updates with iOS 18.7.2.x or the new features with iOS 26.1 (which is still very unstable).
They want people to constantly be buying their latest phones hence create intentional bugs in older operating systems. This also is why repair is often not possible - unless you go to skilled 'unofficial' repairers, which then makes you lose your warranty and ability to go to the Genius bar for support. These big tech corporations have created a throw-away economy, and unless we start pushing back there's no way out of it.
Good luck to everyone out there, just trying to get by, having to worry about their phone dying and charging it several times a day!