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Vodacom's Earnings Revealed: Egypt Acquisition Boosts Service Revenue


*It's noteworthy that Vodacom's earnings release denotes the currency in the South African Rand (R).

*Attached below full earnings release and earnings presentation for Vodacom

*Data Source: Vodacom Website IR section below link for the webpage



Vodacom's Earnings Out: Africa's largest mobile operator just published its reviewed Annual Results for the year ending March 31, 2024.

*Vodacom shares are traded on the Johannesburg Stock Exchange (JSE)



Highlights from the Egyptian market, as stated in the earnings release:


-Shameel Joosub, Vodacom Group CEO, remarked, "Our acquisition of Egypt contributed significantly to the 29.1% increase in Group service revenue."



Egypt’s financial services revenue doubled in local currency and was supported by growth in users and volumes of transactions.





Highlights from the earnings presentation:


Egypt remains a key driver of Group EBITDA in FY25


  • Egypt Near-term Growth Driver

  • ROCE Accretive: Market leader with attractive EBITDA margin.

  • Material Fintech Opportunity, Growing Over 100%.

  • Asset-Rich and Highly Skilled Workforce.

  • Managing FX Risk:

54% EGP Net Income Growth, 6% in Euros.

Price-Up in 4Q'24.

Dividend Repatriation.












Vodacom webpage for IR release Link




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