Vodacom service revenue climbs 13% as Egypt and DRC drive growth

Vodacom Group reported strong third-quarter results for the period ending December 31, 2025, with service revenue rising nearly 13% year-on-year to R34.6 billion, supported by strong momentum in its international markets, particularly Egypt and the Democratic Republic of Congo (DRC).

International operations emerged as the key growth driver, expanding by 12.6% during the quarter. Egypt recorded the strongest performance, with service revenue surging 39% and contributing 27.5% of the group’s total service revenue. The DRC also delivered solid growth, reinforcing the importance of Vodacom’s expansion strategy beyond its home market.

In South Africa, revenue growth remained modest at 1.4%, reaching R16.4 billion. Contract revenue increased slightly, while the prepaid segment continued to face pressure due to challenging consumer conditions and competitive pricing dynamics.

Vodacom’s financial services division continued to show strong momentum, growing 24.7% to R4.5 billion. The group, together with Safaricom, surpassed 100 million financial services customers, with mobile money platforms processing more than $500 billion in transaction value over the past year.

Vodacom said the results keep the company on track toward its medium-term financial targets, with continued growth expected from international markets and expanding fintech services despite ongoing macroeconomic challenges in its domestic market.