Vodacom expects first-half headline earnings per share to rise 22%-27%
VOD•Vodacom expects headline earnings per share of 570-593 cents for the six months ended September 30, 2026, up from 467 cents a year earlier. EPS is forecast to rise 272%-279% to 1,756-1,789 cents, including a 1,199-cent contribution from a nonrecurring Safaricom remeasurement gain.
1. Earnings forecast
Vodacom expects headline earnings per share to rise 22%-27% for the six months ended September 30, 2026, to 570-593 cents from 467 cents a year earlier. EPS is projected to increase 272%-279% to 1,756-1,789 cents from 472 cents. A tax-neutral, nonrecurring Safaricom remeasurement gain of R23.2 billion added 1,199 cents to EPS without affecting headline earnings. Interim results are expected on or about November 10, 2026.
