Vodacom Group reported a strong performance for the third quarter ended December 31, 2025, with service revenue rising nearly 13% to R34.6 billion. This growth was primarily fuelled by robust expansion in its international markets, specifically Egypt and the Democratic Republic of Congo (DRC), helping the group track favourably against its medium-term financial targets.
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The group’s international operations were the standout performers this quarter, collectively growing by 12.6%.
- Egypt: This market saw a massive 39% surge in service revenue, now accounting for 27.5% of the group’s total service revenue.
- DRC: Performance in the Democratic Republic of Congo remained strong, contributing significantly to the international segment’s momentum.
- South Africa: The local market delivered a more modest 1.4% increase to R16.4 billion. While contract revenue grew by 2.6%, the prepaid segment remains under pressure due to a strained consumer environment and aggressive promotional pricing.
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Vodacom’s push into fintech continues to pay off, with the financial services segment growing 24.7% to R4.5 billion. A major highlight for the quarter was the group, including Safaricom, officially surpassing 100 million financial services customers. Over the last 12 months, Vodacom’s mobile money platforms processed a staggering $500.7 billion in transaction value.
Group CEO Shameel Joosub noted that the quarterly results benefited from sustained growth in Egypt and a “strong performance” in the DRC. He characterized the South African revenue growth as “satisfactory” given the particularly high performance seen in the same quarter last year, acknowledging that the company is successfully navigating a tough macroeconomic backdrop.
