Vodacom Group Income Statement

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

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	167,652	152,227	150,594	119,170	102,736
Revenue Growth (YoY)	10.13%	1.08%	26.37%	16.00%	4.51%
Cost of Revenue	75,344	69,775	67,836	53,688	45,890
Gross Profit	92,308	82,452	82,758	65,482	56,846
Selling, General & Admin	2,257	1,914	2,156	1,936	1,886
Other Operating Expenses	25,917	25,503	24,676	18,673	14,863
Operating Expenses	52,459	49,351	49,618	38,577	31,406
Operating Income	39,849	33,101	33,140	26,905	25,440
Interest Expense	-8,333	-8,093	-8,163	-5,569	-4,229
Interest & Investment Income	2,061	1,460	1,416	857	554
Earnings From Equity Investments	4,259	2,724	2,197	2,607	3,056
Other Non Operating Income (Expenses)	-676	-385	-454	464	2
EBT Excluding Unusual Items	37,160	28,807	28,136	25,264	24,823
Merger & Restructuring Charges	-	-	-	-260	-260
Gain (Loss) on Sale of Assets	-	-	-13	4	-
Asset Writedown	-	-34	-	-	-
Pretax Income	37,160	28,773	28,123	25,008	24,563
Income Tax Expense	10,423	8,882	8,859	6,897	6,829
Earnings From Continuing Operations	26,737	19,891	19,264	18,111	17,734
Minority Interest in Earnings	-6,090	-3,293	-2,972	-1,344	-571
Net Income	20,647	16,598	16,292	16,767	17,163
Net Income to Common	20,647	16,598	16,292	16,767	17,163
Net Income Growth	24.39%	1.88%	-2.83%	-2.31%	3.51%
Shares Outstanding (Basic)	1,931	1,932	1,934	1,769	1,694
Shares Outstanding (Diluted)	1,988	1,965	1,970	1,820	1,744
Shares Change (YoY)	1.19%	-0.27%	8.26%	4.32%	0.54%
EPS (Basic)	10.69	8.59	8.42	9.48	10.13
EPS (Diluted)	10.39	8.45	8.27	9.21	9.84
EPS Growth	22.96%	2.18%	-10.21%	-6.40%	2.93%
Free Cash Flow	32,773	28,109	26,686	20,776	20,185
Free Cash Flow Per Share	16.48	14.31	13.55	11.42	11.57
Dividend Per Share	7.350	6.200	5.900	6.700	8.500
Dividend Growth	18.55%	5.08%	-11.94%	-21.18%	3.03%
Gross Margin	55.06%	54.16%	54.95%	54.95%	55.33%
Operating Margin	23.77%	21.74%	22.01%	22.58%	24.76%
Profit Margin	12.31%	10.90%	10.82%	14.07%	16.71%
Free Cash Flow Margin	19.55%	18.46%	17.72%	17.43%	19.65%
EBITDA	64,134	46,500	47,686	38,226	34,915
EBITDA Margin	38.25%	30.55%	31.66%	32.08%	33.98%
D&A For EBITDA	24,285	13,399	14,546	11,321	9,475
EBIT	39,849	33,101	33,140	26,905	25,440
EBIT Margin	23.77%	21.74%	22.01%	22.58%	24.76%
Effective Tax Rate	28.05%	30.87%	31.50%	27.58%	27.80%
Advertising Expenses	2,257	1,914	2,156	1,936	1,886

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