Vodafone Q1 FY26 Trading Update

Africa ⫶ Good growth across the footprint

South Africa 10% of Group service revenue 1

+2.9% Q1 Service revenue growth

+43.9% Q1 Service revenue growth

+12.6% Q1 Service revenue growth

Egypt 5% of Group service revenue 1

Internationals 5% of Group service revenue 1

• Good Consumer contract revenue growth supported by pricing actions & demand for fixed connectivity • Financial services growth of +5.8% YoY with good demand for insurance products • 77.5% of customers now use data services

• Growth well above inflation & in euro- terms (+28.9% YoY) • Revenue growth supported by pricing actions, sustained customer base growth & data demand • Strong demand for Vodafone Cash, revenue increased +55.1% YoY • 5G services launched in June 2025

• Acceleration in trends due to strong growth in Tanzania, DRC & Lesotho • Mozambique performance further improved in Q1 with political environment stabilised • Strong M-Pesa growth (+20.8% YoY), further acceleration in Mozambique

Service revenue growth (%)

12.6%

3.3%

3.2%

48.0%

2.9%

9.3%

1.8%

44.7%

7.5%

44.1%

43.9%

6.8%

43.6%

0.7%

5.9%

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

1. Based on Q1 FY26 service revenue contribution.

Q1 FY26 Trading Update ⫶ July 2025