The target was disclosed in Vodacom Group's annual results for the year ended March 2025, which were published on Monday.
Highlights include:
- Group revenue was R152.2-billion, up 1.1 or 10.9 when currency effects are stripped out
- Group service revenue declined 0.1, but increased 11.2 on a normalised basis, above the group's medium-term target
- Financial services revenue increased 7.6 17.6 to R14-billion, contributing 11.6 to group service revenue
- Group Ebitda - a measure of operating profit - declined 1.1 to R55.5-billion but grew 7.8 on a normalised basis
- Headline earnings per share were R8.57 and
- A declared full-year dividend of R6.20/share, up 5.1 on a year ago.
Joosub said that over the past five years, Vodacom has increased the number of customers using its networks from 115.5 million in the 2020 financial year to the 211.3 million figure reported in the 2025 results.
"We will not be resting on our laurels and now seek to ensure we deliver against our Vision 2030 ambitions, which include growing our customer base to 260 million and financial services customer base to 120 million," Joosub said.
The South African business reported service revenue growth of 2.3, led by a recovery in prepaid and 'sustained" data traffic growth of 36.4. "Beyond mobile" services, including financial and digital services, the internet of things, and fixed lines, contributed 17.8, or R11.2-billion, to South Africa's service revenue.
