Dar es Salaam, 20 August 2026: Vodacom Tanzania Plc has reported strong financial and operational performance for the financial year ended 31 March 2026, driven by sustained investment in network infrastructure, digital services and financial inclusion.
The performance was highlighted during the Company’s 10th Annual General Meeting (AGM), where shareholders considered and approved key resolutions covering the Company’s FY2026 results, dividend, Board composition, governance and future strategic direction.
SERVICE REVENUE RISES TO TZS 1.8 TRILLION
During FY2026, Vodacom Tanzania’s service revenue increased by 21.8% to TZS 1.8 trillion, while EBITDA rose by an impressive 38.8% to TZS 684.9 billion.
Profit after tax increased by 18.4% to TZS 107.1 billion, while underlying profit after tax grew by 125.5%, reflecting stronger operational performance and improved financial efficiency.
The Company also continued to expand its customer base, which reached 27.7 million, representing a 22.3% increase year-on-year.
Growth was supported by a 22.5% increase in data customers and 22.6% growth in M-Pesa customers, highlighting the increasing adoption of digital connectivity and financial services in Tanzania.
MAJOR INVESTMENT IN NETWORK AND DIGITAL INFRASTRUCTURE
Vodacom Tanzania significantly increased its investment in infrastructure during the financial year.
Capital expenditure rose by 85.1% to TZS 323.9 billion, supporting the deployment of 444 new 4G sites and 25 new 5G sites, alongside major investments in information technology and network modernisation.
As a result, 4G population coverage reached 76.3%, an increase of 3.8 percentage points, while the number of smartphone users increased by 31.5%.
The Company has also continued to support the Government’s efforts to expand connectivity in rural areas. Since 2013, Vodacom Tanzania has constructed 466 rural sites under the Government’s rural connectivity programme.
SHAREHOLDERS TO RECEIVE HIGHER DIVIDENDS
The strong financial performance has translated into increased returns for shareholders.
The AGM approved a final gross dividend of TZS 23.91 per ordinary share for FY2026, payable on or before 15 October 2026 to shareholders recorded in the register as at the close of trading on 19 August 2026.
Total dividends proposed for FY2026 amount to TZS 53.6 billion, representing an 18.4% year-on-year increase.
The dividend reflects Vodacom Tanzania’s commitment to delivering sustainable shareholder returns while maintaining sufficient investment in future growth.
STRONG CONTRIBUTION TO TANZANIA'S ECONOMY
Beyond shareholder returns, Vodacom Tanzania continued to make a significant contribution to the wider Tanzanian economy.
During FY2026, the Company made TZS 848 billion in cash contributions to public finances through taxes, levies, spectrum payments and regulatory fees.
It also spent TZS 839 billion on nearly 400 local suppliers and partner companies, supporting businesses across the country.
In addition, Vodacom Tanzania invested TZS 6.9 billion in social investment initiatives and provided indirect employment opportunities to more than 320,000 Tanzanians, including freelancers and M-Pesa agents.
MANAGEMENT HIGHLIGHTS LONG-TERM VALUE CREATION
Commenting on the results, Hilda Bujiku, Finance Director at Vodacom Tanzania Plc, said the FY2026 performance reflected disciplined financial management and a balanced approach to capital allocation.
“We have continued to strengthen the business while investing significantly in our network, technology and digital platforms and as a result, delivering increased value to shareholders.”
She added that the approach positions the Company to sustain growth, maintain financial resilience and capture opportunities emerging from Tanzania’s evolving digital economy.
Philip Besiimire, Chief Executive Officer of Vodacom Tanzania Plc, said the performance demonstrated the value of taking a long-term approach to investment and growth.
He noted that shareholder confidence had enabled the Company to continue investing in its network, technology and digital financial services while delivering stronger business performance and sustainable returns.
Meanwhile, David Tarimo, Chairman of the Board of Vodacom Tanzania Plc, said shareholders’ confidence and continued support remained fundamental to the Company’s ability to create sustainable long-term value.
He reaffirmed Vodacom Tanzania’s commitment to disciplined investment, strong governance and responsible stewardship of shareholders’ investments.
FOCUS ON TANZANIA'S DIGITAL FUTURE
Looking ahead, Vodacom Tanzania said it will continue investing in network infrastructure, digital financial services, technology, customer experience and innovation, while strengthening partnerships that support Tanzania’s digital and economic development.
The Company remains focused on turning investment into sustainable outcomes through stronger business performance, improved customer services, meaningful shareholder returns and lasting impact across communities.
Vodacom Tanzania’s FY2026 performance therefore underscores the growing importance of connectivity and digital financial services in supporting Tanzania’s economic transformation, while demonstrating the Company’s continued focus on creating value for its shareholders and other stakeholders.
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