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Vodacom Delivers Strong Results, Sets Ambitious 2030 Targets

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Vodacom reported resilient full-year results, upgrading its medium-term targets to double-digit growth in both EBITDA and service revenue. Group revenue rose to ZAR 152.2 billion (up 1.1%, or 10.9% normalized), with financial services revenue up 7.6% (17.6% normalised) to ZAR 14 billion.

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Vodacom reported resilient full-year results, upgrading its medium-term targets to double-digit growth in both EBITDA and service revenue. Group revenue rose to ZAR 152.2 billion (up 1.1%, or 10.9% normalized), with financial services revenue up 7.6% (17.6% normalised) to ZAR 14 billion.

Key highlights:

  • Customer Base: Now at 211.3 million, including 87.7 million financial services users.
  • EBITDA: Down 1.1% reported, but up 7.8% normalised to ZAR 55.5 billion.
  • HEPS: Rose 1.3% to 857 cents; total dividend up 5.1% to 620 cents.
  • Egypt: Outstanding 45.2% growth in local currency service revenue; now 23% of Group revenue.
  • South Africa: Service revenue rose 2.3%; strong growth in prepaid, data, and beyond-mobile services.
  • International Markets: Normalised growth of 7.1%; Tanzania led with 20.5% growth.
  • M-PESA: Processed USD 450.8 billion in transactions, affirming leadership in mobile money.
  • Ethiopia: Customer base more than doubled; service revenue soared 238.9%.

Read Also:

https://trendsnafrica.com/vodacom-digital-skills-hub-empowering-africa-to-bridge-the-digital-divide/

Looking ahead to Vision 2030, Vodacom aims to grow its customer base to 260 million and expand its financial services users to 120 million. The company will also boost CapEx to over ZAR 20 billion and continue investing in digital skills and sustainability initiatives. CEO Shameel Joosub emphasised confidence in Africa’s growth potential, driven by digital and financial inclusion.

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