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Vodacom revises H1 earnings

6th November 2025

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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JSE-listed Vodacom Group on Thursday published an updated trading statement, adjusting its earnings expectations for the six months to September 31.

Vodacom said that subsequent to the release of its October 31 trading update, the group recognised a one-off cost and revised its earnings expectations.

Earnings per share (EPS) for the first half of the 2026 financial year are now expected to increase by between 30% and 40% to a range of 460c to 496c, compared with EPS of 354c in the prior corresponding period.

Headline earnings per share (HEPS) for the interim period under review are set to increase by between 30% and 40%, compared with the HEPS of 353c last year, translating to a HEPS range of 459c to 494c.

On October 31, Vodacom’s trading update outlined initial expectations that EPS would increase by between 40% and 45%, to a range of 496c to 513c, and that HEPS would increase to between 494c and 512c, equating to a 40% to 45% increase.

On Tuesday, Vodacom reached an out-of-court settlement in the years-long Please Call Me legal battle, which the company said had been accounted for in the group's interim results for the six-month period ended September 30, 2025.

Vodacom plans to publish its interim results on November 10.

Edited by Creamer Media Reporter

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