Customers ⫶ Structural growth drivers in Africa
Growing customer base
Expanding next-gen connectivity
Diversifying beyond mobile
• Share of ‘Beyond Mobile’ service revenue now 27.4%, with target of >32% by 2030 • Africa’s leading FinTech platform, with revenue growing 19% YoY to €1.2 billion in H1 2 • Scaling financial services adoption with 108 million customers and 2.2 million merchants
• Customer satisfaction leader in 7 out of 8 markets • Population growth and strong demand for data driving 28 million increase in our mobile customer base YoY • Smartphone penetration increased 5pp YoY to 69.8% in H1, supported by innovative prepaid handset financing and new affordable devices
• One of Africa’s largest telecoms infrastructure footprints, providing 76% 4G population coverage in our markets • 5G data volume almost tripled YoY, with 5G now available in 7 markets • Fibre footprint (through Maziv partnership) expanded, reaching 4.1 million households with our combined offerings
Growth drivers
4G & 5G mobile sites in Africa
Financial services customers million
H1 FY27 FY30 ambition
South Africa IB (M-Pesa)
Egypt (VF Cash)
SF (M-Pesa)
64k
Population growth (m)
108
56k
667
610
94
84
48k
74
43k
44
40
34
Customer growth (m)
32
17
255
275
14 27 13
16 24 10
7
30
14 21
16
Smartphone penetration
69.8%
>75%
H1 FY24
H1 FY25
H1 FY26
H1 FY27
H1 FY24
H1 FY25
H1 FY26
H1 FY27
1. Unless otherwise stated, all metrics include Safaricom on a 100% consolidated basis. 2. Based on Africa service revenue in Vodafone Group’s financial results. Includes Safaricom from July 2026 onwards.
Vodafone Group Plc H1 FY27 Results ⫶ November 2026
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