Vodacom share price jumps on bullish update

Vodacom Group’s share price jumped over 5% on Tuesday after it issued a bullish trading statement, advising shareholders to expect a big increase in earnings for the financial year ended 31 March 2026.

The group anticipates that both its earnings per share (EPS) and headline earnings per share (Heps) will increase by between 20% and 25% compared to the previous year.

Vodacom share price

The projected growth aligns with the group’s “Vision 2030” strategy, which targets double-digit Ebitda growth. This performance marks a substantial departure from the prior corresponding year, where Vodacom reported an EPS of 859 cents and a Heps of 857 cents.

The anticipated financial results for FY2026 are broken down into the following ranges:

•  Earnings per share: Expected to land between 1 031 cents and 1 074 cents per share.
•  Headline earnings per share: Expected to land between 1 028 cents and 1 071 cents per share.

While the financial information has not yet been reviewed or reported on by external auditors, the full set of results is expected to be released on Sens on or about 11 May 2026.

The group, which is incorporated in South Africa and maintains a secondary ADR listing in the United States, is currently finalising these results as it prepares to provide a comprehensive update on its operational performance and the execution of its long-term growth strategy.

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