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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Vodacom

VOD · A2X Markets · Incorporated in South Africa · Consolidated statements

On this page
Company details
Legal name
Vodacom Group Limited
Incorporated in
South Africa
Listing
VOD on the A2X Markets, active · ISIN ZAE000132577 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 March

Overview

Year ended 31 March 2026 · audited financial statements, signed / final · source

  • Revenue

    ZAR 168 billion

    167,652 ZAR millions · p19

    +10.1% vs 2025

  • Operating profit / (loss)

    ZAR 44.1 billion

    44,108 ZAR millions · p19

    +23.2% vs 2025

  • Profit / (loss) for the year

    ZAR 26.7 billion

    26,737 ZAR millions · p19

    +34.4% vs 2025

  • Total assets

    ZAR 276 billion

    276,433 ZAR millions · p21

    +10.6% vs 2025

  • Total equity

    ZAR 107 billion

    107,235 ZAR millions · p21

    +3.5% vs 2025

  • Cash from operations

    ZAR 56.0 billion

    56,019 ZAR millions · p23

    +6.1% vs 2025

Large amounts are rounded for reading (ZAR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZAR millions unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 31 Mar 2026 — audited financial statements, signed / final; reported for the year · source
  • FY to 31 Mar 2025 — audited financial statements, signed / final; comparative in the FY to 31 Mar 2026 filing · source

Income statement

Income statement, ZAR millions. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filing
Revenue 167,652 152,227
Direct expenses1 (64,262) (59,340)
Staff expenses (11,082) (10,435)
Publicity expenses2 (2,257) (1,914)
Net credit losses on financial assets (1,897) (2,096)
Other operating expenses (24,020) (23,407)
Depreciation and amortisation3 (24,285) (21,934)
Impairment losses4 –5 (34)
Net profit from associates and joint ventures 4,259 2,724
Operating profit 44,108 35,791
Finance income 2,061 1,460
Finance costs (8,333) (8,093)
Net loss on remeasurement and disposal of financial instruments6 (676) (385)
Profit before tax 37,160 28,773
Taxation (10,423) (8,882)
Net profit 26,737 19,891
Non-controlling interests7 6,090 3,293
Foreign currency translation differences, net of tax18 (7,957) (2,140)
the equity method1, 29 (640) (5,061)
Mark-to-market of financial assets held at fair value through other comprehensive income, net of tax110 221 278
other comprehensive income, net of tax111 (259) (277)
Total comprehensive income 18,102 12,691
  1. Printed “–”, read as nil: subtotal_arithmetic: is.operating_profit.
Notes and alternative reported figures (10)
  1. “Direct expenses” is an issuer-specific line, not mapped to a shared definition: Direct expenses (costs directly attributable to revenue), printed negative; no gross profit is struck.
  2. “Publicity expenses” is an issuer-specific line, not mapped to a shared definition: Printed negative.
  3. “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Notes 9 and 10; depreciation and amortisation combined, printed negative.
  4. “Impairment losses” is an issuer-specific line, not mapped to a shared definition: Impairment losses on non-financial assets; printed '–' in 2026.
  5. “Net loss on remeasurement and disposal of financial instruments” is an issuer-specific line, not mapped to a shared definition: Note 6.
  6. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Printed under 'Attributable to:'.
  7. “Foreign currency translation differences, net of tax1” is an issuer-specific line, not mapped to a shared definition: OCI item that can be reclassified to profit or loss.
  8. “the equity method1, 2” is an issuer-specific line, not mapped to a shared definition: OCI item (equity method) that can be reclassified to profit or loss.
  9. “Mark-to-market of financial assets held at fair value through other comprehensive income, net of tax1” is an issuer-specific line, not mapped to a shared definition: OCI item.
  10. “other comprehensive income, net of tax1” is an issuer-specific line, not mapped to a shared definition: OCI reclassification adjustment.

Balance sheet

Balance sheet, ZAR millions. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filing
Non-current assets 189,930 174,325
Property, plant and equipment 83,733 81,138
Intangible assets 33,410 29,881
Financial assets1 318 377
Investment in associates and joint ventures 62,619 53,819
Trade and other receivables2 5,420 4,747
Finance receivables3 3,024 2,882
Tax receivable4 481 434
Deferred tax 925 1,047
Current assets 86,503 75,656
Financial assets1 1,552 1,472
Mobile financial deposits5 17,390 13,732
Inventory 2,112 2,287
Trade and other receivables 29,986 28,536
Finance receivables3 3,411 3,276
Tax receivable 843 654
Bank and cash balances 31,209 25,699
Total assets 276,433 249,981
Fully paid share capital 89,918 89,918
Treasury shares6 (17,287) (17,210)
Retained earnings 60,641 52,941
Other reserves7 (40,718) (33,630)
Equity attributable to owners of the parent 92,554 92,019
Non-controlling interests 14,681 11,633
Total equity 107,235 103,652
Non-current liabilities 90,414 70,332
Borrowings 84,096 64,040
Trade and other payables8 586 386
Provisions 1,646 1,654
Deferred tax 4,086 4,252
Current liabilities 78,784 75,997
Borrowings 8,781 11,620
Trade and other payables 46,181 44,057
Mobile financial payables9 17,390 13,732
Provisions 935 838
Tax payable 4,109 3,649
Dividends payable 15 13
Bank overdraft 1,373 2,088
Total equity and liabilities 276,433 249,981
Notes and alternative reported figures (9)
  1. “Financial assets” is an issuer-specific line, not mapped to a shared definition: Note 11.
  2. “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 13.
  3. “Finance receivables” is an issuer-specific line, not mapped to a shared definition: Note 14.
  4. “Tax receivable” is an issuer-specific line, not mapped to a shared definition: Printed among the non-current assets.
  5. “Mobile financial deposits” is an issuer-specific line, not mapped to a shared definition: Note 15: deposits held for mobile money (M-Pesa) customer balances.
  6. “Treasury shares” is an issuer-specific line, not mapped to a shared definition: Note 17; deducted from equity.
  7. “Other reserves” is an issuer-specific line, not mapped to a shared definition: Share-based payment, fair value, subsidiary-holding, treasury-share, translation and common-control reserves (statement of changes in equity).
  8. “Trade and other payables” is an issuer-specific line, not mapped to a shared definition: Note 20.
  9. “Mobile financial payables” is an issuer-specific line, not mapped to a shared definition: Note 15: amounts owed to mobile money customers.

Cash flow

Cash flow, ZAR millions. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filing
Cash generated from operations 65,837 60,865
Tax paid (9,818) (8,066)
Net cash flows from operating activities 56,019 52,799
Additions to property, plant and equipment and intangible assets1 (23,246) (24,690)
Proceeds from disposal of property, plant and equipment and intangible assets2 445 115
Investment in associate and joint venture13 (8,382) (784)
Dividends received from associate4 3,173 2,664
Finance income received5 1,936 1,367
Net movement in mobile financial deposits6 (4,542) (3,110)
Other investing activities7 (31) 224
Net cash flows utilised in investing activities (30,647) (24,214)
Borrowings incurred 19,206 24,445
Borrowings repaid (14,228) (29,225)
Finance costs paid8 (7,618) (7,805)
Dividends paid – equity shareholders (12,953) (11,114)
Dividends paid – non-controlling interests9 (1,343) (1,805)
Repurchase of shares10 (539) (522)
Proceeds on sale of shares11 82 90
Changes in subsidiary holdings212 (13) 77
Net cash flows utilised in financing activities (17,406) (25,859)
Net decrease in cash and cash equivalents 7,966 2,726
Cash and cash equivalents at the beginning of the year 23,611 21,513
Effect of foreign exchange rate changes (1,741) (628)
Cash and cash equivalents at the end of the year 29,836 23,611
Notes and alternative reported figures (12)
  1. “Additions to property, plant and equipment and intangible assets”: mapping to a shared definition is uncertain. Additions to property, plant and equipment and intangible assets combined (no separate intangible line).
  2. “Proceeds from disposal of property, plant and equipment and intangible assets”: mapping to a shared definition is uncertain. Disposals of property, plant and equipment and intangible assets combined.
  3. “Investment in associate and joint venture1” is an issuer-specific line, not mapped to a shared definition: Note 12; investing outflow (Maziv acquisition and Safaricom Ethiopia).
  4. “Dividends received from associate” is an issuer-specific line, not mapped to a shared definition: Note 12; investing inflow.
  5. “Finance income received”: mapping to a shared definition is uncertain. Printed 'Finance income received'.
  6. “Net movement in mobile financial deposits” is an issuer-specific line, not mapped to a shared definition: Investing.
  7. “Other investing activities” is an issuer-specific line, not mapped to a shared definition: Investing.
  8. “Finance costs paid”: mapping to a shared definition is uncertain. Printed 'Finance costs paid' (all finance costs, including lease interest).
  9. “Dividends paid – non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing.
  10. “Repurchase of shares” is an issuer-specific line, not mapped to a shared definition: Financing.
  11. “Proceeds on sale of shares” is an issuer-specific line, not mapped to a shared definition: Financing.
  12. “Changes in subsidiary holdings2” is an issuer-specific line, not mapped to a shared definition: Financing.

Per share and shares

Per share and shares. Columns: FY to 31 Mar 2026 — audited financial statements (signed / final), as reported for the year; FY to 31 Mar 2025 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2026.
Line (as printed) FY to 31 Mar 2026Audited financial statementsreported for the yearFY to 31 Mar 2025Audited financial statementscomparative in FY to 31 Mar 2026 filing
Earnings / (loss) per share (per share)41 10.692 8.593
Profit / (loss) attributable to shareholders (ZAR millions)5 20,647 16,598
  1. Printed as 1 069 cents; value converted to ZAR at 100 cents = 1 ZAR.
  2. Printed as 859 cents; value converted to ZAR at 100 cents = 1 ZAR.
Notes and alternative reported figures (3)
  1. “Basic earnings per share”: mapping to a shared definition is uncertain. Basic earnings per share in cents; diluted is printed separately and differs (1 039; 2025: 845), kept as a native concept.
  2. Earnings / (loss) per share: printed as “Basic earnings per share”.
  3. Profit / (loss) attributable to shareholders: printed as “Equity shareholders”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Mar 2026 Dividends paid (cash flow statement) Dividends paid – equity shareholders (12,953) ZAR millions Audited financial statements, p23
31 Mar 2025 Dividends paid (cash flow statement) Dividends paid – equity shareholders (11,114) ZAR millions Audited financial statements, p23

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Vodacom Group Limited Consolidated and separate financial statements for the year ended 31 March 2026

    Year ended 31 March 2026 · Audited financial statements · signed / final

    Audit: Ernst & Young Inc., unmodified opinion · signed

    Auditor's sign-off: Ernst & Young Inc. (firm signature in script, image), Director – Warren Kinnear, Registered Auditor

    Final status: Independent auditor's report of Ernst & Young Inc. to the shareholders of Vodacom Group Limited on the consolidated and separate financial statements (unqualified opinion, PDF p4) closes on PDF p8 with the firm's signature 'Ernst & Young Inc.' in script above the typeset 'Ernst & Young Inc., Director – Warren Kinnear, Registered Auditor, Chartered Accountant (SA)', dated 5 June 2026 (page image); the script firm signature is an image, not text, and no individual's handwritten signature is shown. Statements approved by the Board on 5 June 2026 and signed by the Chairman, CEO and CFO with handwritten signatures (PDF p3, page image).

    Document date
    5 Jun 2026
    Auditor's report
    5 Jun 2026
    Board approval
    5 Jun 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 31 Mar 2026, FY to 31 Mar 2025
    Basis
    consolidated statements · ZAR millions (printed “Rm”)
    • The cash-flow line printed 'Net decrease in cash and cash equivalents' carries an increase (7 966; 2025: 2 726) equal to the sum of the operating, investing and financing totals (p23). Kept as printed.
    • Earnings per share printed in cents (basic 1 069, diluted 1 039; 2025: 859, 845; p19), stored in rand with the printed figure and unit kept. No gross profit, total liabilities or other comprehensive income subtotal is printed.
    • Listed on A2X as a secondary listing (directory: primary XJSE, VODJ.J); the document does not print share codes on the statement pages.
    Technical details
    File
    117 pages, with a text layer
    SHA-256
    d6f149d15a1e7a0edc82acd536f2d59644e2c9acce621a65878aa322390fd896
    Entity as printed
    Vodacom Group Limited (the Company) and its subsidiaries, joint ventures, associates and special purpose entities (the Group)
    Issuer copy
    retrieved 2026-10-08T18:48:20Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

South Africa country page · Company methodology and coverage