Vodacom Group Limited has announced a robust earnings forecast ahead of its interim results for the six months ended 30 September 2025, signaling a strong rebound that aligns with its long-term Vision 2030 growth strategy.
According to the company’s trading statement, Earnings Per Share (EPS) are expected to increase by 40% to 45%, rising from 354 cents in the same period last year to between 496 and 513 cents per share.
Similarly, Headline Earnings Per Share (HEPS) are projected to grow within the same range, from 353 cents previously to between 494 and 512 cents per share.
Key Drivers of Vodacom’s Strong Performance
Vodacom attributed the surge in profitability to favourable movements below the EBITDA line and the lapping of prior-year one-off costs that impacted its 2024 results.
The company specifically pointed to the extraordinary expenses related to its operations in the Democratic Republic of Congo (DRC) and Ethiopia, which had reduced last year’s performance by about 55 cents per share.
This rebound highlights the company’s ability to recover from regional challenges while maintaining momentum across its markets.
Alignment with Vodacom’s Vision 2030 Strategy
The anticipated earnings growth supports Vodacom’s Vision 2030, a strategic plan focused on achieving sustainable double-digit EBITDA growth through digital innovation, market expansion, and enhanced connectivity across Africa.
Despite facing macroeconomic pressures such as rising inflation, currency fluctuations, and high spectrum costs, Vodacom continues to demonstrate operational resilience and strategic discipline across its markets.
Upcoming Financial Results and Audit Status
Vodacom’s interim financial results for the six months ended 30 September 2025 are expected to be released on or around 10 November 2025. The company emphasized that the figures provided in the trading update have not yet been reviewed or audited by external auditors, as per JSE Listings Requirements.
Investor Outlook: Confidence Ahead of Results
The trading statement reinforces Vodacom’s strong growth trajectory and its ability to deliver shareholder value despite a challenging global environment. Analysts expect the earnings forecast to bolster investor confidence ahead of the full results release.
With consistent growth in data services, fintech, and network expansion across South Africa, Ethiopia, and other African markets, Vodacom remains well-positioned to achieve its long-term goals under Vision 2030.
