South Africa 15% of Group Adj. EBITDAaL 1 • Strong growth in Tanzania & DRC despite lapping tougher PY comparative • Mozambique performance stabilising in Q4, with political unrest calming • Continued strong M-Pesa (FY25: +11.3%) • EBITDAaL impacted by Mozambique re-pricing pressure & DRC one-offs Africa ⫶ Accelerating growth supporting upgraded mid-term guidance Internationals Internationals +2.3% FY25 Service revenue +1.8% FY25 Adj. EBITDAaL Egypt 6% of Group Adj. EBITDAaL 1 +45.2% FY25 Service revenue +71.8% FY25 Adj. EBITDAaL Internationals 3% of Group Adj. EBITDAaL 1 +7.4% FY25 Service revenue -17.3% FY25 Adj. EBITDAaL • Good Consumer contract and prepaid data growth, partially offset by lower wholesale revenue • Accelerating trends in fixed line (Q4: +18.1%), supported by growth in IPVPN • EBITDAaL +1.8% with operating expenses maintained below inflation • Growth well above inflation supported by pricing actions, sustained customer base growth & data demand • Strong demand for Vodafone Cash, now represents 8% of service revenue • Strong EBITDAaL growth offsetting impact from currency devaluation
Service revenue growth (%)
Service revenue growth (%)
Service revenue growth (%)
48.0%
3.3%
9.3%
3.2%
44.7%
44.1%
43.6%
7.5%
1.8%
6.8%
40.3%
6.3%
5.9%
0.7%
0.7%
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
FY25 results ⫶ May 2025
12
1. Based on FY25 Adjusted EBITDAaL contribution.
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