Our outlook ⫶ Structural growth opportunities in Africa
596 million Population across our 8 markets
243 million Mobile customers
127 million Mobile data customers
103 million Financial services customers
20% of Group service revenue 2
Growing customer base
Expanding next-gen connectivity • One of Africa’s largest telco infrastructure owners, with almost 50,000 mobile sites • Leading provider of best-available tech (incl. FTTH/B, FWA, satellite connectivity)
Expanding beyond connectivity • Africa’s leading FinTech platforms, generating €2bn revenue in FY26 • Targeting 130 million FinTech customers and 5 million merchants by FY30
• Structural opportunities from population, data & smartphone penetration growth • Strong positions, as customer satisfaction leader / co-leader in 6 out of 8 markets
Financial services customers (million)
Customer growth drivers (by FY30)
4G & 5G mobile sites in Africa 3
103
14 25 11 37 88
Population growth (millions) Customer growth (millions)
47k
650
15 22 33 78 8
14 19 5 32 70
15 29 15 44
39k
275
36k
33k
Smartphone penetration
>75%
FY23
FY24
FY25
FY26
FY23 FY26 South Africa IB (M-Pesa) Egypt (VF Cash) SF (M-Pesa) FY24 FY25
Vodafone Group Plc FY26 Results ⫶ May 2026
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. Excludes Safaricom. 3. Excludes 4G and 5G mobile sites in Kenya and Ethiopia.
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