Vodacom Group has announced its interim financial results for the six months ending on 30 September 2025, showing significant growth in both revenue and operating profit.
According to CEO Shameel Joosub, “We delivered robust growth” during this period. The company’s service revenue increased by 10.9%, rising from US$4.2 billion in the first half of the previous fiscal year to US$4.7 billion in the same period in 2025. Joosub noted that this growth aligns with the company’s medium-term goal of achieving double-digit growth in service revenue.
Moreover, contributions from sectors beyond mobile—such as financial and digital services, fixed line, and Internet of Things (IoT)—accounted for 21.8% of the total service revenue, moving Vodacom closer to its Vision 2030 objective of reaching over 30%.
The group’s headline earnings per share grew by 32.3% to US$0.27, allowing the board to declare an interim dividend of 330 cents per share, consistent with its policy of distributing at least 75% of headline earnings.
“These results highlight the underlying health of our business, backed by our diversified portfolio and disciplined execution,” Joosub stated, pointing to an improved return on capital and a strong balance sheet.
Service revenue grew by 12.2% from US$3.4 billion in the six months to 30 September 2024 to US$3.8 billion in the same period of 2025. The operating profit rose by 25.5%, from US$939 million in the first half of 2024 to US$1.1 billion in 2025. Net profit attributed to equity holders increased by 24.6% to US$530 million, while EBITDA also grew by 14.7% year-on-year to US$1.7 billion.
Looking to the future, Vodacom aims to increase its customer base to over 260 million and grow its financial services customer base to 120 million by 2030, while achieving double-digit EBITDA growth. Currently, the company serves over 223 million customers, including 93.7 million in financial services.
“We are on track to meet our ambitious targets, which reflect our commitment to promoting digital and financial inclusion,” Joosub said. He emphasised that maintaining investments in technology and network infrastructure will be essential to achieving these goals.
Joosub concluded by highlighting the expansion of the group’s network, noting the addition of 1,881 4G and 3,524 5G sites year-to-date, including those from Safaricom.
