Egypt remains a golden goose in the Vodacom Group stable of companies, emerging as the standout performer in the quarter ending 31 December, 2025.
Vodacom Group announced its performance for the quarter, saying Egypt was a shining star, with service revenue surging 39% to R9.5 billion, while financial services revenue rose 59.4%.
Egypt contributed 27.5% of group service revenue in the quarter.
Shameel Joosub, Vodacom Group CEO, commented on Egypt’s performance, saying: “This was driven by strong commercial momentum, enhancements to integrated connectivity and content packages, and continued traction of Vodafone Cash.
“Financial services revenue grew by 59.4%, supported by a 28.9% increase in active customers to 13.5 million. Data traffic expanded by 25.1%, with data customers up 8.9% to 33.9 million.
“Consistent network investment, including the roll-out of 5G services, underpinned healthy ARPU [average revenue per user] growth and reinforced Egypt’s leadership in customer experience and digital innovation.”
He added that the quarter benefited from sustained growth in Egypt and the International business – including a strong performance in DRC – while South Africa delivered modest but satisfactory revenue growth against a particularly strong comparative quarter last year.
“Including Safaricom, we passed the 100 million financial services customers mark during the quarter, illustrating our purpose-led impact on people and economies across our markets. We continue to invest in quality and resilience, modernising networks, scaling 4G and 5G where appropriate, and expanding fibre to bridge the digital divide.”
At a group level, he said: “We delivered a strong performance across our diversified portfolio and beyond mobile services, with group revenue increasing 11% to R43.9 billion and group service revenue up 12.7%.
“Financial services remain a key growth engine, producing a 24.7% increase to R4.5 billion, while our mobile money platforms, including Safaricom, processed US$500.7 billion in transaction value over the last twelve months.
“These outcomes underscore the strength of our System of Advantage and progress against our Vision 2030 agenda to deepen digital and financial inclusion across our markets.”
Regarding other key metrics in the quarter, Vodacom said it made significant strategic progress, marked by two milestones that strengthen its long-term growth profile and accelerate inclusive connectivity across its footprint.
Joosub explained: “In December, we announced an agreement to acquire an additional 20% stake in Safaricom, reinforcing our commitment to the high-growth East African markets of Kenya and Ethiopia.
“In November, our acquisition of a strategic stake in South African fibre business Maziv received Independent Communication Authority of South Africa’s final approval, unlocking the opportunity to accelerate fibre deployment and expand access to high-quality connectivity, particularly in historically underserved communities.
“From a financial performance perspective, the ideal start that we delivered in the first half of the year to our bold Vision 2030 ambitions continued into the third quarter.
“This encouraging momentum underscores our confidence in the Group’s medium-term growth trajectory in an operating environment shaped by macroeconomic and currency stability, which should bode well for the Group’s performance for the full financial year.”
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