South Africa · Delayed Price · Currency is ZAR · Price in ZAc Vodacom Group Earnings Call Transcripts
Fiscal Year 2026
-
Revenue grew 10.9% to ZAR 81.6 billion, with net profit at ZAR 9.1 billion and headline EPS up 32.3%. Strong growth in Egypt, Safaricom, and financial services offset South African prepaid challenges. CapEx and dividend increased, with a positive outlook for H2.
-
Strong revenue and profit growth driven by digital and financial services, with robust expansion in Egypt and international markets. Customer base reached 223 million, and Vision 2030 targets remain on track amid stable macro conditions.
-
Q1 saw group revenue rise 10.6% and normalized service revenue up 13.8%, led by Egypt and international markets. South Africa's contract segment was strong, while prepaid faced headwinds, but overall guidance for double-digit growth remains intact.
Fiscal Year 2025
-
A 20% stake in Safaricom was acquired for $2.1 billion, raising total ownership to 55% and enabling consolidation. The deal diversifies exposure across key African markets, leverages Safaricom’s market leadership, and is expected to deliver operational synergies and financial benefits. Safaricom’s dividend and group dividend policies remain unchanged, and regulatory approvals are in progress.
-
The AGM covered board composition, diversity targets, and ESG progress, with all resolutions passed by strong majorities. Shareholders raised questions on remuneration, diversity, and climate initiatives, while updates were provided on regulatory matters and strategic plans.
-
FY 2025 saw revenue and normalized service revenue growth, with strong performances in Egypt and Safaricom, and stable results in South Africa despite FX headwinds. Vision 2030 targets double-digit EBITDA growth, with continued focus on cost efficiency, network sharing, and financial services expansion.
-
Revenue grew 1.1% to ZAR 152 billion, with normalized service revenue up 11.2% and net profit up 3.3%. Financial services and beyond mobile segments expanded rapidly, while Egypt and Safaricom delivered standout results. Upgraded guidance targets double-digit growth in service revenue and EBITDA.
-
Revenue grew 1% to ZAR 73.5bn, with normalized service revenue up 9.9% and EBITDA down 2.7% due to currency devaluations. South Africa and Egypt showed underlying growth, while international margins were hit by one-offs. Outlook is positive as currency impacts are expected to ease.
-
Revenue grew 1% despite major FX headwinds, with normalized growth at 10.4% and strong commercial momentum. Financial services and Beyond Mobile segments expanded rapidly, while currency devaluations in Egypt and Ethiopia weighed on reported earnings and HEPS.
-
Group revenue rose 1.5% to ZAR 36.2 billion, with normalized service revenue up 10% year-over-year, driven by strong growth in Egypt and Beyond Mobile services. South Africa saw improved prepaid and data trends, while regulatory and currency headwinds persisted.