Full Year 2025 Vodacom Group Ltd Earnings Call and Q&A Session Transcript
Key Points
- Vodacom Group Ltd (VDMCY) reported a strong finish to the year with revenue reaching ZAR152 billion, up 10.9% on a normalized basis.
- The company expanded its customer base to 211 million, reflecting growth across its geographic footprint.
- Vodacom's financial services business, including M-Pesa, continues to grow, contributing significantly to the group's revenue.
- The company has committed to net zero for Scope 1 and 2 greenhouse gas emissions by 2035, showcasing its dedication to sustainability.
- Vodacom's Vision 2030 strategy aims for double-digit service revenue and EBITDA growth, building on the success of Vision 2025.
- The devaluation of the Egyptian pound negatively impacted reported growth, with group EBITDA declining by 1.1%.
- International business EBITDA declined by 10.9% due to revenue pressures in Mozambique and one-off costs in the DRC.
- The MAZIV transaction was prohibited by the Competition Tribunal, affecting Vodacom's fiber expansion plans in South Africa.
- The company faced challenges in Mozambique due to repricing and post-election tensions, impacting financial performance.
- There was a material increase in credit loss associated with financial assets, particularly in the DRC, due to government payment delays.
Welcome to our annual results highlights for the year ended 31 of March 2025. As we draw the curtain on our Vision 2025 strategy, I'm immensely proud of the progress we have made over the past five years, where we merged as a purpose-led leading African operator, with clear opportunities to positively impact society and accelerate our growth.
This transformation was achieved despite the challenging macroeconomic environment marked by a global health crisis, currency volatility, geopolitical tensions, inflationary pressures and protracted energy disruptions in South Africa. Our purpose of connecting people for a better future has remained our True North through Vision 2025. It has gathered the momentum of its own as we've advanced our three pillars: empowering people, protecting the planet, and maintaining trust.
Providing connectivity to empower people is at the core of our strategy. To close the digital divide, we are expanding our coverage for new rural sites to fiber and to space. We
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