Vodacom Q3 Earnings Driven by Egypt, Safaricom
Analysis based on 13 articles · First reported Feb 04, 2026 · Last updated Feb 04, 2026
The market is likely to react positively to Vodacom's strong financial performance, particularly the growth in Egypt and international markets, and its strategic acquisitions. This indicates a robust growth trajectory and strengthens Vodacom's position in key African markets, potentially leading to increased investor confidence.
Vodacom Group reported a strong third-quarter performance for the period ending December 31, 2025, with group revenue growing 11% to R43.9 billion. This growth was primarily driven by exceptional performance in Egypt, where service revenue surged 39%, and robust growth in its international business, including the Democratic Republic of the Congo. South Africa, while showing modest growth, faced consumer and competitive pressures. Financial services remained a key growth engine, with revenue increasing by 24.7% and the group, including Vodacom===Safaricom, surpassing 100 million financial services customers. Strategically, Vodacom announced an agreement to acquire an additional 20% stake in Vodacom===Safaricom for $2.1 billion, reinforcing its commitment to high-growth East African markets like Kenya and Ethiopia. Additionally, its acquisition of a strategic stake in South African fibre business Maziv received final approval from ICASA, aiming to accelerate fibre deployment in underserved communities. CEO Shameel Joosub expressed confidence in the group's medium-term growth trajectory, supported by macroeconomic and currency stability.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard