• Service revenue surged by 21.8%, underpinned by growth in customers and increased service uptake.
• Underlying net profit crossed the TZS 200 billion mark, a 125.5% growth YoY.
• Record high capex investment of TZS 323.9 billion, an increase of 85.1% YoY, dedicated to broadband coverage expansion and technology infrastructure modernization.
• Solid momentum in driving financial inclusion:
o More than TZS 3 trillion micro loans were disbursed
o M-Koba deposits grew more than 80%, surpassing a trillion shillings
o M-Wekeza provided an investment option for thousands of customers, with total investment exceeding TZS 370 billion in less than 2 years.
Vodacom Tanzania PLC today announced strong profit growth for the financial year ended March 2026, demonstrating excellence in strategy execution, disciplined cost management and sustained investment in network and mobile money platform. The performance was driven by solid service revenue growth and expanding products adoption across all segments.
The results underline Vodacom’s continued focus on profitable growth and long‑term value creation, while maintaining consistent investment to strengthen network quality, expand digital services and support inclusive economic development in Tanzania.
As the only publicly listed telecommunications company in the country, Vodacom highlighted its consistent financial performance and transparency despite ongoing geopolitical pressures and industry disruptions. The company reaffirmed its role as a credible, reliable corporate partner and a responsible contributor to national development, having operated continuously in Tanzania under the Vodacom brand for 25 years.
Speaking on the preliminary financial results for the year ended March 2026, Vodacom Tanzania’s Chief Executive Officer, Philip Besiimire, said the company delivered sustained profitability supported by excellent strategy execution and stable business environment.
Service revenue grew by 21.8% to TZS 1.85 trillion, underpinned by growth in customers and increased service uptake. As a result, net profit after tax increased by 18.4% to TZS 107.1 billion, with an underlying net profit of TZS 204.1 billion excluding temporary one-off cost relating to radio access network modernization. This reflects continued momentum across Vodacom’s core revenue streams and robust cost containment.
“Our strong performance reflects deliberate investment choices and our continued focus on scaling services that deliver value for both our customers and shareholders. Our customer base grew 22.3% and we sustained our position as the market leader,” said Besiimire.
The CEO further detailed “M‑Pesa revenue grew by 24.5%, driven by increased adoption of our services like lending, savings and merchant payments, while data revenue grew by 29.5% a result of increased data customers and smartphone users, supported by investments”.
Guided by its purpose of connecting Tanzanians for a better future, Vodacom continued to invest in social impact initiatives, including free health check camps, ICT modernization in schools, tree‑planting programmes and the Twende Butiama cycling tour, strengthening community engagement and social impact.
Looking ahead, Vodacom Tanzania will continue to prioritize investment in network infrastructure, expansion of financial and enterprise services and enhancement of customer experience. Moreover, the company aims to further align its strategy with Tanzania’s national development plans and digital transformation agenda, leveraging its technology leadership and strong market position.
The CEO reaffirmed Vodacom’s commitment to sustainable growth, ethical operations, environmental stewardship and maintaining trust while expressing confidence that ongoing infrastructure investments will deliver long‑term value for customers, shareholders and the nation.
“As we look to the future, we remain committed to partnering with government and stakeholders to support Tanzania’s development agenda and build a digitally inclusive society,” concluded Mr Besiimire.
Full results: www.vodacom.co.tz/financials
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