Vodacom Group Limited (JSE:VOD)

Vodacom Group Income Statement

Financials in millions ZAR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	160,274	152,227	150,594	119,170	102,736	98,302
Revenue Growth (YoY)	5.91%	1.08%	26.37%	16.00%	4.51%	8.33%
Cost of Revenue	72,226	69,775	67,836	53,688	45,890	43,259
Gross Profit	88,048	82,452	82,758	65,482	56,846	55,043
Selling, General & Admin	2,028	1,914	2,156	1,936	1,886	1,718
Other Operating Expenses	26,566	25,503	24,676	18,933	14,863	14,051
Operating Expenses	51,838	49,351	49,618	38,837	31,406	30,886
Operating Income	36,210	33,101	33,140	26,645	25,440	24,157
Interest Expense	-8,110	-8,093	-8,163	-5,569	-4,229	-4,190
Interest & Investment Income	1,460	1,460	1,416	857	554	767
Earnings From Equity Investments	3,724	2,724	2,197	2,607	3,056	3,501
Other Non Operating Income (Expenses)	-273	-385	-454	464	2	-378
EBT Excluding Unusual Items	33,011	28,807	28,136	25,004	24,823	23,857
Merger & Restructuring Charges	-	-	-	-	-260	-
Gain (Loss) on Sale of Assets	-	-	-13	4	-	-70
Asset Writedown	-34	-34	-	-	-	-6
Pretax Income	32,977	28,773	28,123	25,008	24,563	23,781
Income Tax Expense	8,780	8,882	8,859	6,897	6,829	6,710
Earnings From Continuing Operations	24,197	19,891	19,264	18,111	17,734	17,071
Minority Interest in Earnings	-5,334	-3,293	-2,972	-1,344	-571	-490
Net Income	18,863	16,598	16,292	16,767	17,163	16,581
Net Income to Common	18,863	16,598	16,292	16,767	17,163	16,581
Net Income Growth	27.88%	1.88%	-2.83%	-2.31%	3.51%	4.00%
Shares Outstanding (Basic)	1,930	1,932	1,934	1,769	1,694	1,695
Shares Outstanding (Diluted)	1,977	1,965	1,970	1,820	1,744	1,735
Shares Change (YoY)	0.67%	-0.27%	8.24%	4.34%	0.54%	0.43%
EPS (Basic)	9.77	8.59	8.42	9.48	10.13	9.78
EPS (Diluted)	9.55	8.45	8.27	9.21	9.84	9.56
EPS Growth	27.10%	2.18%	-10.21%	-6.40%	2.93%	3.57%
Free Cash Flow	32,862	28,109	26,686	20,776	20,185	19,918
Free Cash Flow Per Share	16.63	14.31	13.55	11.41	11.57	11.48
Dividend Per Share	6.200	6.200	5.900	6.700	8.500	8.250
Dividend Growth	117.54%	5.08%	-11.94%	-21.18%	3.03%	5.10%
Gross Margin	54.94%	54.16%	54.95%	54.95%	55.33%	55.99%
Operating Margin	22.59%	21.74%	22.01%	22.36%	24.76%	24.57%
Profit Margin	11.77%	10.90%	10.82%	14.07%	16.71%	16.87%
Free Cash Flow Margin	20.50%	18.46%	17.72%	17.43%	19.65%	20.26%
EBITDA	50,710	46,500	47,686	44,613	34,915	33,820
EBITDA Margin	31.64%	30.55%	31.66%	37.44%	33.98%	34.40%
D&A For EBITDA	14,500	13,399	14,546	17,968	9,475	9,663
EBIT	36,210	33,101	33,140	26,645	25,440	24,157
EBIT Margin	22.59%	21.74%	22.01%	22.36%	24.76%	24.57%
Effective Tax Rate	26.63%	30.87%	31.50%	27.58%	27.80%	28.22%
Advertising Expenses	-	1,914	2,156	1,936	1,886	1,718

Source: S&P Global Market Intelligence. Standard template. Financial Sources.