Vodacom Tanzania’s first-half 2025/26 results show a business investing through earnings, not slowing down. While headline profit dipped slightly due to accelerated network investment, underlying performance tells a stronger story—double-digit revenue growth, positive free cash flow, and surging digital and M-Pesa revenues. The numbers point to a company trading short-term optics for long-term competitive advantage.
Vodacom Tanzania’s first-half 2025/26 results show a business investing through earnings, not slowing down. While headline profit dipped slightly due to accelerated network investment, underlying performance tells a stronger story—double-digit revenue growth, positive free cash flow, and surging digital and M-Pesa revenues. The numbers point to a company trading short-term optics for long-term competitive advantage.

Vodacom Tanzania has reported strong operational and financial momentum in the first half of 2025/26, underpinned by double-digit revenue growth, expanding cash flows, and accelerating performance in its core digital and mobile money businesses. However, the telecom reported a marginal dip in net profit linked to deliberate, short-term investment decisions. In the six months to September 2025, the telecom’s revenue grew by 24% to TZS 905.3 billion (UGX 1.31 trillion), lifting operating profit by 27.8%, and swung free cash flow into positive territory at TZS 24.9 billion (UGX 35.9 billion). While net profit after tax edged down by 1.2% to…

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