Johannesburg, November 10, 2025 — Vodacom Group delivered robust half-year results, with revenue rising 10.9% to R81.6 billion and service revenue up 12.2% to R65.8 billion, driven by strong demand for data, digital services, and financial solutions across South Africa, Egypt, and Safaricom’s markets.
The Group’s “Beyond Mobile” segment — covering financial and digital services, fixed connectivity, and IoT — now contributes 21.8% of total service revenue, moving closer to Vodacom’s Vision 2030 target of over 30%. The company invested R9.4 billion in capital expenditure during the period, rolling out 1,881 new 4G and 3,524 5G sites, with Egypt leading deployment after its commercial 5G launch in June 2025.
Vodacom’s financial services customers grew 13.1% to 93.7 million, reflecting the company’s diversification strategy into digital payments, lending, and wealth management. CEO Shameel Joosub reaffirmed that Vodacom’s Vision 2030 roadmap centers on digital inclusion, customer experience excellence, and sustained network investment, with R23 billion allocated for full-year capex.
Regional Performance Highlights
South Africa
Service revenue in South Africa rose 2.2% to R31.7 billion, supported by contract and enterprise growth. The “Beyond Mobile” segment grew 5.6% to R5.8 billion, contributing 18.3% of service revenue.
- Data usage surged 31.1%, with 4G/5G device penetration up 11.1% to 26.3 million.
- Prepaid data revenue climbed 5.8% to R7.2 billion, while fixed broadband connections rose to 210,000.
- Financial services revenue increased 6.3% to R1.8 billion, and Vodacom Business grew 5.1%, driven by cloud and security services.
Vodacom South Africa invested R4.1 billion in network upgrades and plans total annual capex of up to R12 billion.
Egypt
Vodacom Egypt posted R17.6 billion in service revenue, up 42.3%, now contributing 26.8% of Group revenue.
- ARPU jumped 36.2%, and Vodafone Cash revenue surged 48.3%, now representing 7.9% of total service revenue.
- The company’s 5G rollout, fixed broadband, and IoT expansion positioned Egypt as Vodacom’s fastest-growing market.
- Capital expenditure totaled R2.7 billion, reflecting a 13.7% capex ratio.
Safaricom
Safaricom achieved 11.1% service revenue growth, led by Kenya’s M-Pesa and Ethiopia’s expansion.
- In Kenya, M-Pesa revenue rose 14%, with transaction volumes up 21.9% to 20.9 billion and 2.4 million merchants onboarded.
- Mobile data revenue surpassed voice for the first time, growing 13.4%, while fixed revenue grew 16.3%.
- In Ethiopia, service revenue skyrocketed 179.1%, with the customer base expanding 83.7% to 11.1 million.
With sustained investments, expanding 5G coverage, and growing digital ecosystems, Vodacom is reinforcing its leadership as a pan-African connectivity and fintech powerhouse.
