Africa ⫶ Robust performance
+0.7% Q2 service revenue +0.7% H1 Adj. EBITDAaL
+44.1% Q2 service revenue +57.9% H1 Adj. EBITDAaL
+6.8% Q2 service revenue -22.1% H1 Adj. EBITDAaL
Egypt 6% of Group Adj. EBITDAaL 1
South Africa 14% of Group Adj. EBITDAaL 1
Internationals 3% of Group Adj. EBITDAaL 1
• Service revenue growth impacted by wholesale drag (H1 -2.3pp) • Slowdown due to tough prior year comparison in prepaid • Good Consumer contract growth (Q2 +4.7%), following price increase in Q1 • EBITDAaL broadly stable, with operating expenses maintained below inflation
• Growth above inflation supported by continued pricing actions & customer base growth • Strong demand for Vodafone Cash, revenue doubling on a like-for-like basis to €49m in H1 • EBITDAaL growth offsetting currency devaluation impact
• Strong growth in Tanzania & DRC despite lapping tougher PY comparative • Mozambique performance stabilising, supported by pricing actions • Continued strong M-Pesa growth of +9.8% in Q2 • EBITDAaL growth impacted by one-off costs in DRC
Service revenue growth (%)
Service revenue growth (%)
Service revenue growth (%)
43.6%
44.1%
4.1%
40.3%
6.8%
6.7%
6.3%
5.9%
29.1%
28.4%
1.9%
3.1%
1.8%
0.7%
0.7%
Q2 FY24
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
Q2 FY24
Q3 F24
Q4 FY24
Q1 F25
Q2 FY25
Q2 FY24
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
H1 FY25 results ⫶ November 2024
9
1. Based on H1 FY25 Adjusted EBITDAaL contribution.
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