Vodacom Group Ltd Ord (VODAF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and good morning to those joining the call in the US. Welcome to the highlights call for our year ended 31st of March, 2026. I'm joined by our Group CFO, Raisi Bey Murati, as well as our Head of Investor Relations, JP Davids. We trust that you enjoyed our video presentation that we screened before this call. The video is available on our website and covers our purpose-led strategy, Core Vision 2030, and the performance against our strategic ambitions. Not able to watch our presentation, I'll take you through some of the key highlights while they move into a Q&A session. We had a great financial year which showcased our geographical and product diversification and growth potential. We delivered on our double-digit EBITDA growth target, setting up an excellent year for shareholder returns. Our full-year dividend totaled 735 cents per share, up 18.5%. Return on capital employed expanded 4 percentage points to 27.5% as we executed on our efficiency and sharing agenda to improve returns. We delivered hard currency net income growth of 21.3% in Euros. A strong commercial performance also helped us deliver these shareholder outcomes. Customers were up 12.3% to 237 million. This positioned us to upgrade our Vision 2030 customer target to $275 million from $260 million. Our financial service business, which is the leader on the African continent, continues to grow from strength to strength. We upgraded our Vision 2030 target to 130 million financial service customers, having reached 103 million during the year. We see financial services as a key differentiator for our customers and our investment case. Financial Services now makes up 28% of our profit before tax. In addition to our product diversification, we are also seeing clear benefits from our footprint. W...