Vodacom Group
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Vodacom Group (VOD) investor relations material

Vodacom Group Q3 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 TU earnings summary4 Feb, 2026

Executive summary

  • Group revenue rose 11.0% year-over-year to R43.9 billion, with service revenue up 12.7% and strong contributions from Egypt and International operations.

  • Strategic milestones included acquiring an additional 20% stake in Safaricom and final approval for the Maziv fibre business acquisition in South Africa.

  • Financial services and mobile money platforms remain key growth drivers, with over US$500.7 billion transacted in the last twelve months.

Financial highlights

  • Group service revenue increased 12.7% year-over-year, with normalised growth at 13.6%.

  • Egypt service revenue surged 39.0% to R9.5 billion, now representing 27.5% of Group service revenue.

  • International business service revenue grew 12.6% (15.4% normalised) to R8.8 billion.

  • South Africa service revenue grew 1.4% to R16.4 billion, supported by financial services and fixed connectivity.

  • Group financial services revenue increased 24.7% to R4.5 billion.

Outlook and guidance

  • Management remains confident in achieving medium-term growth targets, supported by macroeconomic and currency stability.

  • Focus remains on advancing financial inclusion, scaling digital and financial services, and executing Vision 2030.

Expected completion date for Safaricom consolidation?
Strategy to boost SA prepaid revenue growth
Monetization strategy for mobile money transactions
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Frequently asked questions

Vodacom Group Limited (Vodacom) is a prominent mobile communications company operating in several African countries, providing a comprehensive range of services that cater to both individual consumers and enterprise businesses. It offers voice, data, and messaging services to consumers, while its enterprise products include connectivity, managed mobility, cloud and hosting services, managed services, security, and unified communications. Additionally, Vodacom extends financial services, including M-Pesa, and provides low-cost handsets equipped with voice, messaging, and data services. The company is headquartered in Johannesburg, South Africa, and its shares are listed on the Johannesburg Stock Exchange.

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