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Vodacom Group sees revenues rise 10.9% to $4.7 billion, driven by services

Strong South African and Egyptian growth drive gains amid competition and economic pressures
Vodacom
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Vodacom Group’s revenues are up by nearly 11% for the first six months of the financial year even as customers rose to 223.2 million customers. Service revenue grew from R 58.6 billion (≈ $3.4 billion) during the same period in 2024 to R 65.8 billion (≈ $3.8 billion) in 2025. 

“The encouraging revenue trend highlighted in the Vodacom Group’s performance in the first three months of the financial year continued into the second quarter. This has contributed to a strong set of interim results while at the same time underscoring the resilience and agility of our business,” Shameel Joosub, Vodacom Group CEO, shared. 

In South Africa, service revenue surged to R 31.7 billion (≈ $1.83 billion), fuelled by strength in the contract segment and growth beyond traditional mobile offerings. Contract-mobile customer revenue rose by 3.7% to R 12.5 billion (≈ $722 million), driven by a price hike implemented in March 2025

Meanwhile, prepaid mobile revenue slipped by 1.6% to R 13.2 billion (≈ $763 million), with the company attributing the decline to heightened competition and pressure on consumer wallets.

Data usage also climbed during the period: the number of smart devices rose to 34.3 million, while average monthly data usage per device grew to 5.9 GB.

In Egypt, service revenue reached R 17.6 billion (≈ $1.02 billion), representing 26.8% of the group’s total revenue. The customer base in the North African country expanded to 53.1 million, and average revenue per user (ARPU) jumped by a notable 36.2%.

Other markets, including Tanzania and the Democratic Republic of Congo (DRC), registered moderate growth. In Tanzania, service revenue climbed to R 6.1 billion (≈ $353 million), while in the DRC, revenue grew to nearly R 7 billion (≈ $405 million). The company also announced plans to invest US$100 million in Tanzania.

Beyond its financial performance, this quarter saw it settle the 17-year dispute over Please Call Me in addition to getting regulatory approval to acquire Maziv after a three-year battle that would see it increase its infrastructure investment in South Africa.

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