Vodacom's fintech revolution fuels 32% surge in interim earnings
- Nhlanhla Muthe
- Nov 14
- 2 min read
With 93.7 million financial services customers and double-digit earnings growth, Vodacom strengthens its position as a digital and financial inclusion leader in Africa.
By Nhlanhla Muthe
Vodacom Group, a pan-African mobile operator, this week reported solid interim results for the six months ending September 30, 2025, led by a 20% increase in fintech revenue to R8 billion, up from R6.7 billion the previous year.
Driven by robust development in its financial and digital services business in Africa, the telecoms and fintech behemoth now serves a combined 223.2 million consumers, including 93.7 million financial services users, underscoring its commitment to digital and financial inclusion.
Revenues for the group increased by 10.9% to R81.6 billion, while service revenue grew by 12.2% to R65.8 billion. Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 14.7% to R30.5 billion, while headline earnings per share increased by 32.3% to 467 cents, enabling for an interim dividend of 330 cents per share.
The impressive M-Pesa platform processed more than US$476 billion in transaction value over the past year to anchor the financial services revenue’s 20.3% jump to R8 billion, accounting for 12.2% of total service revenue.
Vodacom Group CEO Shameel Joosub said the strong performance reflected the resilience of the business and the success of its Vision 2030 strategy.
“The encouraging revenue trend highlighted in the first quarter continued into the second, contributing to a strong set of interim results. These results underscore the resilience and agility of our business and show that we’re off to an ideal start in delivering on our Vision 2030 ambitions,” Joosub said.
He added that Vodacom’s strategy to diversify “beyond mobile” into financial and digital services, IoT and fixed connectivity is paying off.
“Beyond mobile contributed 21.8% of Group service revenue, moving us closer to our Vision 2030 target of exceeding 30%. Our growing base of 93.7 million financial services customers shows that we are well on track to deliver on our targets that reflect our relentless focus on digital and financial inclusion,” he stated.
Joosub also highlighted the group’s R9.4 billion investment in technology and networks in the past six months, with plans to spend R23 billion this financial year.
Regionally, Egypt stood out with 42.3% service revenue growth, while Safaricom continued to expand in Kenya and Ethiopia, posting 11.1% service revenue growth. The group also cited progress in South Africa, DRC, Lesotho, Mozambique and Tanzania.
“Our diversified portfolio and disciplined execution continue to support an improved return on capital and a healthy balance sheet. As a purpose-led company, Vodacom is connecting for a better future, empowering people, protecting the planet, and maintaining trust across Africa,” Joosub concluded.
