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Vodacom to report strong interim results

31st October 2025

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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JSE-listed Vodacom Group expects to report double-digit earnings for the six months ended September 30.

The group’s earnings per share (EPS) for the first half of the 2026 financial year are expected to increase by between 40% and 45%, to a range of 496c to 513c, compared with the EPS of 354c reported in the prior corresponding period last year.

Headline earnings per share (HEPS) for the interim results are set to increase to between 494c and 512c, a 40% to 45% increase on the HEPS of 353c in the interim six-month period last year.

The results are consistent with Vodacom's Vision 2030 double-digit earnings before interest, taxes, depreciation and amortisation (Ebitda) growth ambition, Vodacom said in a trading update to shareholders on Friday.

“The results will be further supported by other favourable movements below the Ebitda line on the income statement, including the lapping of prior year one-off impacts.”

The prior year one-off impacts related to the Democratic Republic of Congo and Ethiopia and amounted to 55c a share.

Vodacom plans to publish its interim results on November 10.

Edited by Creamer Media Reporter

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