Vodacom Group ( (VODAF) ) has released its Q4 earnings. Here is a breakdown of the information Vodacom Group presented to its investors.
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Vodacom Group, a leading telecommunications company in Africa, is known for its diverse service offerings including mobile, fixed, and financial services. The company operates across several African countries, with a significant presence in South Africa, Egypt, and Kenya through its associate Safaricom.
In its latest earnings report, Vodacom Group highlighted a strong finish to its Vision 2025 strategy, despite facing macroeconomic challenges such as currency volatility and geopolitical tensions. The company reported a robust growth in customer base and service revenue, particularly in Egypt and South Africa, and announced its Vision 2030 ambitions aimed at further expanding its customer base and financial services.
Key financial metrics showed that Vodacom’s group service revenue grew by 11.2% on a normalised basis, driven by strong performances in Egypt and Tanzania. The company also reported a 1.3% increase in headline earnings per share, and a full-year dividend of 620 cents per share. Financial services revenue saw a significant increase, with M-Pesa continuing to lead as Africa’s largest mobile money platform.
Looking forward, Vodacom Group aims to achieve double-digit growth in group service revenue and EBITDA as part of its Vision 2030 strategy. The company plans to continue investing in infrastructure and expanding its digital and financial services to capture growth opportunities across Africa. Despite current market challenges, Vodacom remains optimistic about its future prospects and its ability to drive economic empowerment and digital inclusion across the continent.