Vodacom's Interim Profit Jumped 32% in Six Months, Driven by Strong Growth in Financial and Digital Services

Vodacom’s interim profit jumped 32% in six months, showing just how well the company is doing even when times are tough. For the six months ending 30 September 2025, Vodacom Group, the top telecom company in South Africa, revealed a headline earnings per share increase of 32.3%, reaching 467 cents (or about $0.25). This strong profit performance allowed them to boost their interim dividend by nearly 16% to 330 cents per share ($0.18), sticking to their goal of paying out at least 75% of their earnings.

The jump in Vodacom’s interim profit is largely thanks to their success in growing both connectivity and financial services across Africa. Despite a tricky economy, the company kept building revenue, managing costs carefully, and investing in better network infrastructure. Their group revenue went up by 10.9%, hitting R81.6 billion ($4.4 billion), and even better, their adjusted growth after currency effects was 12.1%. Earnings before interest, tax, depreciation, and amortisation rose by 14.7% to R30.5 billion ($1.6 billion), meaning Vodacom improved its margins across most operations.

Shameel Joosub, Vodacom’s Group CEO, said the solid revenue growth highlights the company’s strong interim results and shows how resilient and agile Vodacom is as a business. This aligns perfectly with the fact that Vodacom’s interim profit jumped 32% as part of this impressive run.

Vodacom's interim profit jumped 32% in six months

Looking deeper into the numbers, the company’s service revenue, a main figure reflecting their business health, climbed by 12.2% in reported terms and 13.6% when adjusted — well surpassing their goal of consistent low double-digit growth. The financial services side of Vodacom’s business really stands out, with a huge 20.3% increase to R8 billion ($430 million). That’s more than 12% of total service revenue now, thanks largely to the popularity of mobile payment platforms like M-Pesa and Vodacom’s own super-app. Clearly, Vodacom’s interim profit jump is also fueled by these smart digital moves.

Vodacom’s customer base also grew 8.6% to 223.2 million users, including nearly 94 million people using their financial services. This scale puts Vodacom among Africa’s biggest fintech players. It’s all part of their Vision 2030 plan, aiming for 260 million customers and 120 million financial users over the next five years.

Regionally, Egypt was a bright spot with a stunning 42.3% growth in local currency service revenue, while South Africa stayed stable with a 2.2% increase to R31.7 billion ($1.7 billion). In South Africa, steady demand for data, digital services, and broadband helped push revenue up. Meanwhile, Vodacom’s international markets like the Democratic Republic of Congo, Lesotho, Mozambique, and Tanzania weren’t left behind. They saw a 13.3% rise in local currency revenue to R16.7 billion ($900 million), and their customer numbers grew 13.6% to 63.7 million, boosted by mobile money services and better 4G coverage.

Infrastructure investment remains a priority for Vodacom, which spent R9.4 billion ($510 million) in the first half of the year and plans to spend R23 billion ($1.25 billion) over the full year. These funds focus on expanding networks, improving spectrum efficiency, and reaching more people in rural areas to close the digital gap.

Vodacom’s interim profit jumped 32% because the company combines strong connectivity with smart financial and digital services, creating a resilient model suited for Africa’s fast-changing telecom scene. This strategy sets Vodacom up for growth for years to come.

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