Vodacom has reported an increase in revenue for the six months ended 30 September 2025, delivering ahead of it medium-term target of double-digit EBITDA growth.
Revenue for the period was R8,6-billion up 10,9%.
Financial services revenue increased 20,3% to R8-billion contributing 12,2% to group service revenue. Service revenue grew 12,2% in rands, and increased 13,6% on a normalised basis.
EBITDA grew 14,7% to R30,5-billion, and 14,8% on a normalised basis. HEPS of 467cps was up 32,3%.
The group declared an interim dividend of 330cps, up 15,8%.
Shameel Joosub, Vodacom Group CEO, comments: “The encouraging revenue trend highlighted in the Vodacom Group’s performance in the first three months of the financial year continued into the second quarter.
“This has contributed to a strong set of interim results while at the same time underscoring the resilience and agility of our business. In terms of delivering on our bold Vision 2030 ambitions, it means that we’re off to an ideal start in a half-year period characterised by a more stable macroeconomic and currency backdrop.”
The group aims to grow its customer base to over 260-million and its financial services customers to 120-million by FY2030, while delivering double-digit EBITDA growth.
“The fact that we’ve expanded our customer base to 223,2-million and now serve 93,7-million financial services customers, shows that we are well on track to deliver on targets that reflect our relentless focus on digital and financial inclusion,” says Joosub.
“Our Vision 2030 strategy includes the ambition to differentiate ourselves with a superior customer experience, whereby we are committed to earning customer loyalty by delivering meaningful value and a seamless digital experience.
“Integral to this are the sustained investments we make into technology and our networks, which amounted to R9,4-billion in the past six months, with a plan to spend R23-billion across our markets in the current financial year. Including Safaricom, we have added 1 881 4G and 3 524 5G sites year-to-date.”
Regional highlights for this period include Egypt’s 42,3% local currency service revenue growth, a stable performance in South Africa and a strong recovery from the International business.