Vodacom Group Reports Strong Q1 Financial Results
Vodacom Generates R40 Billion in First Quarter Revenue, A 13.8% Boost in Service Income
Vodacom Group, a leading telecommunications company, has announced its financial results for the first quarter of 2025, showcasing a robust performance with a significant increase in group revenue and service revenue.
Financial Performance Highlights
The group reported a 10.6% increase in group revenue, reaching R40.0 billion for the quarter ended 30 June 2025. Service revenue grew by 13.8% on a normalised basis to R34.2 billion.
In South Africa, service revenue rose about 3%, supported by a 31.3% surge in data traffic and strong growth in “beyond mobile” services such as financial and digital offerings which now account for 17% of service revenue. Vodacom invested heavily in network improvements in South Africa with R1.6 billion spent in the quarter toward a planned annual investment of R12.0 billion, boosting fixed broadband growth.
Growth in Egypt
Egypt is a key growth driver for Vodacom, with service revenue rising over 33% in the last reported year (local currency growth of about 44%) to R8.5 billion. Vodacom Egypt’s financial services revenue surged by 87%, largely due to a 48% increase in Vodafone Cash users to 8.7 million. Egypt is now responsible for 21.9% of Vodacom’s total service revenue.
Fintech Position in Africa
Vodacom solidifies its position as Africa’s largest mobile money platform by transaction value, processing US$460 billion (R8.1 trillion) in mobile money transactions in the past year across multiple markets including Kenya, South Africa, Egypt, and Mozambique.
Group financial services revenue grew 18.1% to R3.9 billion overall, with accelerated growth of 55.1% in financial services revenue in Egypt, boosted by insurance, loans, savings, merchant services, and international money transfers. The expansion of financial services beyond core mobile connectivity is a strategic focus, aiming to deepen financial inclusion across Africa.
In summary, Vodacom Group is experiencing robust financial and service revenue growth, especially in Egypt where fintech uptake is accelerating rapidly. Their leadership in mobile money transactions positions them uniquely in Africa’s digital financial ecosystem, complemented by ongoing investments in infrastructure and digital services in their core markets.
[1] Vodacom Group Q1 2025 Financial Results [2] Vodacom South Africa Q1 2025 Financial Results [3] Vodacom Egypt Q1 2025 Financial Results
- In the first quarter of 2025, Vodacom Group, a renowned telecommunications company, demonstrated a strong performance in the fintech sector with a 55.1% surge in financial services revenue in Egypt, highlighting the impressive growth of digital financial offerings.
- The expansion of beyond mobile services such as financial and digital offerings on Vodacom's South African platform has contributed to a significant 17% of the service revenue, underscoring the pivotal role of technology in enhancing their financial performance.
