Highlights

Group revenue of R53.7 billion was up 7.7%, supported by normalised growth of 5.0%* and rand depreciation against our basket of International currencies.

Financial services customers were up 10.2% to 63.1 million (including Safaricom on a 100% basis).

Implementation of new simplified dividend policy and interim dividend of 340 cps

Group service revenue growth was 7.2% in the period, with normalised growth accelerating to 4.9%* in the second quarter.

Headline earnings per share declined 9.5% impacted by start-up losses in Ethiopia and higher finance costs as interest rates normalised to pre-COVID levels.

Muted EBITDA growth of 0.6% (-1.8%*) to R20.2 billion impacted by one-off factors and higher energy and network costs.

Net debt to EBITDA at 1.1 times reflecting spectrum acquisition in South Africa and elevated network investment.

Progress made on the regulatory approvals Vodafone Egypt for the CIVH and joint venture acquisitions.