Africa ⫶ Good growth continuing
+1.8% Service revenue growth
+43.6% Service revenue growth
+5.9% Service revenue growth
South Africa 10% of Group service revenue 1
Egypt 4% of Group service revenue 1
Internationals 5% of Group service revenue 1
• Prepaid price increases driving quarter- on-quarter improvement • Good fixed line growth (Q1: +6.1%) in both Consumer & Business • Strong financial services growth & commercial momentum with 6.9 million registered ‘VodaPay’ users
• Growth well above inflation supported by price increases • Acceleration driven by good commercial upsell campaign & strong data growth • Increased customer base to 49 million customers & 8.7 million ‘Vodafone Cash’ users
• Strong growth continued in Tanzania & the DRC • Mozambique price floors implementation suspended in June • M-Pesa revenue growth of 11.0% in Q1
Service revenue growth (%)
Service revenue growth (%)
Service revenue growth (%)
4.1%
3.9%
6.7%
6.3%
40.3% 43.6%
5.9%
5.2%
27.6% 28.4% 29.1%
1.9%
3.1%
1.8%
0.7%
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY24
Q1 FY25
Q1 FY24
Q2 FY24
Q3 F24
Q4 FY24
Q1 FY25
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY24
Q1 FY25
Q1 FY25 Trading Update ⫶ July 2024
6
1. Based on Q1 FY25 service revenue contribution.
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