Vodafone Q1 FY27 Trading Update
Vodafone Group Plc Q1 FY27 Trading Update July 2026
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
Page 1
Highlights
Group service revenue
+5.2%
Service revenue growth in all segments
Group EBITDAaL
+6.2%
13 of 14 markets 1
Share of promoters growing
Germany Q1 service revenue
+1.2%
Continued growth in Germany & strong integration progress in the UK
UK Q1 service revenue
+0.6%
Synergies delivery
On track
Vodacom Q1 service revenue
+12.6%
Double-digit service revenue growth in Africa
Financial services Q1 growth
+27.1%
Safaricom transaction closed
30 June 2026
FY27 Guidance 2
Expecting to deliver the upper end of our updated FY27 guidance ranges
Group Adjusted EBITDAaL
€13.0 – €13.3bn
Group Adjusted FCF
€2.6 – €2.9bn
1. Not available for Türkiye due a change in data collection methodology. 2. FY27 financial guidance now includes the impact of consolidating Safaricom. See page 9 for more information.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
Page 2
Financial highlights ⫶ Growth in Europe & Africa
See our video library for more information on our mid-term guidance
Regional service revenue growth
Group service revenue growth
Adjusted EBITDAaL
• In Europe:
• 5.2% service revenue growth with all segments growing • Vodafone Business +5.0% growth, with accelerating digital services products & improvement in core connectivity
• +6.2% growth on a like-for-like basis driven by service revenue growth & improved operating leverage • EBITDAaL margin improved 0.6 percentage points on a like-for-like basis to 28.5%, with good progress on new efficiencies & synergies initiatives • Expect to deliver the upper end of our updated guidance ranges, which now includes the impact of the Safaricom transaction 2 :
− improved retail revenue trends in Germany − UK momentum accelerating • In Africa service revenue continued to grow double digit with strong connectivity & financial services demand • Türkiye & Egypt continued to grow in euro terms at 8.3% 1 & 25.3% respectively
− Adjusted EBITDAaL of €13.0 - 13.3 billion − Adjusted free cash flow of €2.6 - 2.9 billion
Service revenue growth (organic, %)
Regional service revenue growth (organic %)
Adj. EBITDAaL (€billion)
Europe
Europe (ex. MDU impact)
Africa
Group
Group ex. Türkiye
13.8%
13.5%
13.5%
5.8%
€3.0bn
12.6%
€3.0bn
5.5%
5.4%
10.9%
5.2%
5.1%
€2.8bn
€2.8bn
€2.7bn
3.4%
3.3%
0.9%
0.8%
3.2%
3.2%
0.5%
0.4%
0.2%
2.2%
(1.3%)
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
1. Growth in euro terms excluding the impact of hyperinflation accounting adjustments. 2. See page 9 for more information.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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Germany ⫶ Service revenue growth across mobile & fixed
32% of Group service revenue 1
Customer additions
Service revenue
Operational actions
• Mobile contract net additions impacted by market intensity & B2B disconnections • Stable branded mobile Consumer base despite competitive pressure • Broadband base decline due to fewer new customer wins • Highest ever cable NPS in Q1, supporting broadly stable broadband customer churn • We continue to drive inflow ARPU growth (+30% YoY) in a more promotional market
• 1.2% service revenue growth supported by wholesale revenue & fixed line growth • Mobile wholesale revenue growth, partially offset by retail competitive pressure • Good fixed growth reflecting strong Consumer broadband ARPU & Business services growth • Strong digital services results, particularly in cloud & security services & digital solutions (SaaS 2 )
• ‘Ask Once’ promise enabled with GenAI, rolled out for broadband, reducing detractors by c.20% • Expanding our largest gigabit connectivity footprint in the country through partnership with Deutsche GigaNetz • OXG build out progressing: − 840k homes passed with over 1.2m expected by the end of the financial year − building in over 60 cities − marketing to >1.5m households & first customers connected
Service revenue growth (organic, %)
Net additions (‘000s)
OXG homes passed (‘000s)
Germany SR
Ex. MDU transition impact
Homes passed
Gigabit broadband
DSL
Mobile contract
1.3%
1.2%
c.1.2m
11
0.7%
(1)
0.5%
(15)
840
(0.3)%
(15)
(8)
(47)
c.600
(59)
(61)
(11)
460
350
(16)
(36)
c.250
(31)
(37)
(3.2)%
(77)
(85)
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
FY27e
1. Based on Q1 FY27 service revenue contribution. 2. Software-as-a-service.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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UK 1 ⫶ Strong integration progress delivering customer benefits
23% of Group service revenue 2
Customer additions
Service revenue
Integration & commercial actions
• Mobile contract additions impacted by very low value business SIM disconnections (-25k), and Three UK negative net adds • Three UK customer loyalty continued to improve, with Consumer contract churn reducing 1.0pp in Q1 • VOXI & SMARTY continued to grow (Q1: 34k) • Broadband net additions impacted by seasonality • 23k fixed wireless access (FWA) 3 net additions in Q1 supported by our new 5G FWA product launch • Vodafone extends its NPS leadership, with best-in-class customer experience & propositions
• 0.6% service revenue growth in Q1 with continued strong performance in Wholesale & fixed line • Further acceleration in fixed, with Consumer broadband growth & lapping of Business managed services contract terminations in the prior year • Some ARPU pressure in mobile from the phasing of mid- contract price rises & Business contract renewals
• Transforming mobile network experience − network sharing activation ahead of plan
− c.70% of the UK population now able to access VodafoneThree’s 5G speeds, which improved c.50% 4 YoY
• Clear synergy pathway
− on track to deliver the first year of meaningful synergies − multi-brand stores integration ahead of plan
• Unique portfolio & propositions
− ‘Nations Biggest Network’ campaign in June 2026 − introduced ‘Speed Boost’ offering 2x faster speeds
Service revenue growth (organic, %)
Net additions (‘000s)
Broadband
Mobile contract
64
64
50
44
34
1.2%
0.9%
0.6%
(48)
14
(22)
(46)
(0.2)%
(0.5)%
(73)
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
1. FY26 results include two months of Vodafone UK on a standalone basis, and ten months of VodafoneThree results. 2. Based on Q1 FY27 service revenue contribution. 3. Fixed wireless access (‘FWA’) net additions are reported under mobile net additions.
4. Based on Vodafone analysis by Ookla® of Speedtest Intelligence®. Ookla trademarks used under license and reprinted with permission.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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Other Europe & Türkiye
22% of Group service revenue 1
Other Europe ⫶ Business digital services supporting growth
Türkiye ⫶ Growth in euro terms
• 30.2% service revenue growth in Q1:
• Telekom Romania integration ahead of business plan: − over 380k customers successfully migrated − network integration progressing, with national roaming supporting customer experience • Vodafone Greece & Public Power Corporation (PPC) entered into a heads of terms for a potential 50:50 fibre JV in June 2026
• 1.0% service revenue growth in Q1:
− ongoing pricing actions across mobile & fixed − value accretive base management supported by 5G launch − strong growth in Business
− growth in Ireland, Greece & Czech Republic − continued ARPU pressure in Portugal & Romania • Good commercial momentum & price actions in most markets supporting growth • Business service revenue growth supported by digital services projects for the public sector in Greece, & Ireland
• Good service revenue growth in euro terms • 5G services launched in April 2026:
− widest 5G coverage in the country, covering over 30,000km 2 across all 81 provinces − largest portfolio of 5G-compatible handsets
Service revenue growth (reported EUR 2 , %)
Service revenue growth (organic, %)
Net additions (‘000s)
Broadband
Mobile contract
1.2%
1.2%
1.0%
80
75
29.6%
28
0.2%
14.8%
4
(20)
(2)
1
8.3%
3.7%
3
(52)
(68)
(0.5)%
(0.2)%
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
1. Based on Q1 FY27 service revenue contribution. 2. Growth in euro terms excluding the impact of hyperinflation accounting adjustments.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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Africa ⫶ Double digit service revenue growth continues
Internationals
21% of Group service revenue 1
Egypt
South Africa
Internationals
• 32.9% service revenue growth in Q1 well above inflation & in euro terms supported by: − the implementation of industry-wide price increases in May 2026 − strong financial services & data traffic growth (+36.1% YoY) • 72.9% Vodafone Cash revenue growth in Q1 • Added 74k mobile contract customers & 1.2m prepaid customers
• 2.0% service revenue growth in Q1 due to:
• 14.3% service revenue growth in Q1:
− strong growth in mobile supported by contract price increases & prepaid data traffic increase − Business digital services acceleration • Fixed service revenue growth driven by customer base growth across extended fibre footprint • 6.6% financial services revenue growth in Q1, supported by insurance products & marketplace services • 37k mobile contract customers added in the quarter
− strong data traffic & acceleration of M-Pesa − continued strong performance in Tanzania, the DRC & Lesotho • M-Pesa revenue increased 23.6% in Q1, supported by strong demand for our lending, savings & merchant services • 1.2 mobile customer additions in Q1 with 67.9% active data users • Mozambique awarded 5G licence (210MHz across various bands) with payment & licence terms being finalised
Service revenue growth (organic, %)
Service revenue growth (reported EUR, %)
Service revenue growth (organic, %)
15.7%
15.6%
14.7%
14.3%
33.1%
32.5%
29.0%
12.6%
25.3%
15.2%
2.9%
2.8%
2.0%
1.4%
1.4%
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
1. Based on Q1 FY27 service revenue contribution.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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Vodafone Business ⫶ Strong digital services growth
vodafone business
Digital Services 1 performance
Financial performance
Q1 market performance
• 18.8% digital services growth in Q1 • Strong demand for our SaaS 2 , IoT & cloud & security products • Product launches across Smart, Secure & Sovereign portfolio: − Launched AI concierge & cybersecurity solution for SMEs in partnership with Google − Agreement signed with AWS to strengthen sovereign cloud services in Germany in May 2026 − ‘5G slicing’ proposition for B2B customers launched in April 2026
• 5.0% service revenue growth in Q1 due to: − growth in both Europe & Africa
• Germany strong digital services results, particularly in digital solutions (SaaS 2 ) & cloud & security services • UK stabilising due to the lapping of the planned managed services contract terminations in the prior year • Other Europe strong digital services growth driven by public sector projects • Africa growth driven by core connectivity & digital services, including IoT project delivery
− digital services acceleration in Germany & Greece
• QoQ supported by strong improvement in core connectivity • Digital services contributing 28% to Business service revenue
Digital Services 1 revenue growth (organic, %)
Service revenue growth (organic, %)
Business service revenue growth (Q1 FY27 organic, %)
18.8%
18.1%
8.7%
5.0%
15.1%
12.2%
11.1%
4.0%
4.0%
3.2%
4.0%
3.0%
2.9%
(0.7)%
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
DE
UK
EU
SA
2. Software-as-a-service.
1. Digital Services include IoT, cloud & security services, and include SDN (Software-defined network) & Digital Communication Solutions. Q1 FY26 growth rate has been restated to reflect a reclassification of a digital services product in the UK.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
Page 8
FY27 guidance ⫶ Expect to deliver the upper end of ranges at Group level
Adjusted EBITDAaL
Adjusted free cash flow
(€billion)
FY26 actual – reported basis
11.4
2.6
Europe FY27 expectations • €7.6 – 7.9 billion Adj. EBITDAaL
Impact of exchange rates
(0.1)
(0.1)
Remove impact of Türkiye hyperinflation accounting
0.1
–
Impact of M&A transactions 1
–
(0.1)
Restructuring & integration costs • FY27 to peak at c.€0.7bn, incl. c.€0.4bn related to the UK integration
FY26 rebased 2,3
11.4
2.4
Growth
0.5 – 0.8
0.2 – 0.5
FY27 guidance 2,4
11.9 – 12.2
2.6 – 2.9
9-month FY27 Safaricom consolidation impact
1.1
–
FY27 guidance (incl. Safaricom) 2,4
13.0 – 13.3
2.6 – 2.9
1. M&A transactions include the impact of the disposal of VodafoneZiggo. 2. Excluding the impact of hyperinflation accounting in Türkiye. 3. The FY26 rebased outcome is derived by applying FY27 guidance foreign exchange rates.
4. The FY27 guidance reflect the following foreign exchange rates: €1: GBP 0.87; €1: ZAR 19.60; €1: TRY 53.07; €1: EGP 62.53, €1 : KES 159.66. The guidance assumes no material change to the structure of the Group.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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Our outlook ⫶ Diversified portfolio driving growth
See our video library for more information on our mid-term guidance
Mid-term ambition 1
FY26 performance
Balanced portfolio
Considerations
Europe
+0.1%
Building trust, focused on value
Investments 7%
Revenue growth
Africa
+12.9%
Structural growth opportunities
Türkiye 10%
B2B
+3.2%
Growing demand, with diverse products & services
Group
+5.4%
Africa 27%
Operating leverage
€2bn (gross) efficiency & synergy potential €1bn (net) EU opex reduction opportunity (FY27-FY30) 2, 3
Group Adj. EBITDAaL margin
28.1%
Other Europe 13%
Europe: Growth supported by UK synergies
Adj. EBITDAaL growth
Europe
(0.1)%
Africa
+14.0%
Africa: Early-teens EBITDA CAGR
UK 10%
Group
+4.5%
Disciplined capital allocation
18% capital intensity
Broadly stable capital intensity market-by-market
Group
Germany 33%
Targeting lower half of 2.25-2.75x leverage range
c.3% cost of debt
Double-digit organic growth in Adj. FCF
Euro growth in Adj. FCF
Adj. FCF (FY26 pro forma)
4
1. Medium-term financial ambition assume no material change to the structure of the Group (at 30 June 2026), is based on current prevailing assessments of the macroeconomic outlook, including interest rates and inflation, and is at constant foreign exchange rates. 2. Includes Europe, Shared Operations and Corporate services, and committed UK cost synergies. The majority of the previously disclosed £700 million cost & capex synergies is expected to be opex savings.
3. Restructuring and integration costs in FY27 are expected to peak at c.€0.7 billion, which includes integration costs of c.€0.4 billion related to the VodafoneThree merger. 4. Based on FY26 actuals, including proforma for Safaricom. Represents operating free cash flow net of interest, tax and minority dividends.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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Q1 FY27 TRADING UPDATE Appendices
I
More information
p12
II
ESG reporting & performance
p13
III
KPI definitions
p14
IV
Importance notice
p15
04
I ⫶ More information
Africa ⫶ Vodacom Investor day 2025
Vodafone Business ⫶ Virtual investor briefing
Introducing Vision 2030 • We have structural growth opportunities • We are a market leader supporting attractive ROCE
Connecting people, places & things for a better future • We operate in attractive markets • We have unique scale & capabilities • We have strong operating momentum • We are on a clear growth pathway
• We are an infrastructure owner • We are a responsible corporate
Materials including videos, presentation, case studies & Q&A: investors.vodafone.com/vbbriefing
Materials including videos, presentation, case studies & Q&A: vodacom.com/presentations
Additional data ⫶ Spreadsheet format
Vodafone Technology ⫶ Virtual investor briefing
investors.vodafone.com/results
A globally scaled operator • Our customer demand continues to accelerate • We have a strong technology roadmap
01.
Quarterly revenue
09.
Fixed broadband customers
02.
Vodafone Business revenue
10.
Marketable homes passed
03.
Quarterly adjusted EBITDAaL
11.
TV customers
• We allocate capital to drive returns • We are transforming to deliver growth
04.
Group financial performance
12.
Converged customers
05.
Segmental results
13.
Mobile churn
06.
Segmental analysis
14.
Mobile data usage
07.
Cash flow
15.
Mobile ARPU
Materials including videos, presentation, case studies & Q&A: investors.vodafone.com/vtbriefing
08.
Mobile customers
16.
FX rates
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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II ⫶ ESG reporting & performance
Extensive suite of ESG disclosures
Strong ESG performance
Annual Report ⫶ vodafone.com/ar26
ESG Addendum ⫶ vodafone.com/esg-addendum
ESG Ratings ⫶ vodafone.com/esg-ratings
• Integrated reporting covering ESG strategy & performance • Complimented by six videos on key ESG topics
• >1,200 datapoints, covering >300 indicators, in spreadsheet format • Includes GRI Standards index
MSCI ESG Rating 1,2 “A”
Sustainalytics ESG Risk Rating 1 “Low risk”
Board conversations ⫶ vodafone.com/videos • Fifteen videos with Chair & Committee chairs • Introductions to new Non-Executive Directors
ESG A-Z ⫶ vodafone.com/esga-z
• >30 links to supporting disclosures, reports & policies • Categorised by E, S or G & searchable
ISS ESG Corporate Rating 1 “B” #1 in sector
Refinitiv ESG score 1 “81/100” #3 in sector CDP Climate Change 1 “A” Leadership band
TCFD ⫶ vodafone.com/tcfd
SASB ⫶ vodafone.com/sasb
• Aligning to TCFD framework since 2019 • Fully or partially consistent with all 11 TCFD recommendations
• Seven disclosure topics • Includes additional information beyond what is required in the SASB Standards
3. In 2026, Vodafone Group Plc received an ESG score of 81/100 in Refinitiv Rating assessment, placing Vodafone Group #3 in the sector.
1. Unless otherwise stated, ESG ratings and relative position within sector as at 27th July 2026. See additional disclaimers on page 15 2. In 2026, Vodafone Group Plc received an ESG rating of A (on a scale of AAA-CCC) in MSCI ESG Ratings assessment.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
Page 13
III ⫶ KPI definitions
KPI
Definition
ARPU
Average revenue per user
B2B
Business-to-Business commerce
Consumer NPS
Consumer net promotor score (NPS) measures the likelihood that Vodafone and non-Vodafone customers will recommend Vodafone to family, friends and colleagues on a scale of 0 – 10. The aggregated net promoter score can range from -100 to +100.
Promoters are customers who score 9 or 10 in surveys for Lifetime NPS, which only includes Vodafone customers. Lifetime NPS measures the likelihood that existing customers will recommend Vodafone to family, friends and colleagues on a scale of 0 – 10 based on experienced customer journeys. The aggregated net promoter score can range from -100 to +100.
Promoters
MDU
Multi-dwelling units
Europe opex savings
Operating expenditure (opex) includes, but is not limited to, sales and distribution costs, network and IT related expenditure and business support costs. Europe opex savings refers to the reduction in opex in our European markets and Common Functions, excluding energy costs and extraordinary inflation, for example related to wages and salaries. When presenting progress against our Europe opex savings targets, we adjust for M&A and foreign exchange movements during the target period.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
Page 14
IV ⫶ Important notice
You have been provided access to this presentation on the basis that you are an investment professional for the purposes of Article 19 or a member of the press for the purposes of Article 47 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. No other person should act or rely on the information presented and you agree to be bound by the following conditions. You may not disseminate these slides or any recording of this conference, in whole or in part, without the prior consent of Vodafone. Following the completion of the sales of Vodafone Spain and Vodafone Italy, we have updated our financial reporting to recognise that Vodafone Spain and Vodafone Italy are now discontinued operations in accordance with International Financial Reporting Standards (“IFRS”). Accordingly, except where otherwise noted, the Group’s results exclude Vodafone Spain and Vodafone Italy. Discontinued operations are also excluded from the Group’s segment reporting. This presentation contains non-GAAP financial information which the Vodafone Group’s management believes is valuable in understanding the performance of the Vodafone Group. These non-GAAP measures include Adjusted EBITDAaL, Adjusted EBITDaL margin, Adjusted free cash flow, Organic service revenue growth, Organic service revenue growth excluding MDU transition impact, Organic service revenue growth excluding Türkiye, Reported growth in Euros excluding hyperinflationary accounting, Organic Digital Services revenue growth and Organic Vodafone Business service revenue growth. Definitions of these non-GAAP measures can be found in the Vodafone Group Plc Annual Report for the year ended 31 March 2026. This report can be found at investors.vodafone.com. However, non-GAAP financial information is not uniformly defined by all companies and therefore it may not be comparable with similarly titled measures disclosed by other companies, including those in the Vodafone Group’s industry. Although these measures are important in the assessment and management of the Vodafone Group’s business, they should not be viewed in isolation or as replacements for, but rather as complementary to, the comparable GAAP measures.
Copyright ©2022 Sustainalytics. All rights reserved. This presentation contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers. References to Vodafone are to Vodafone Group Plc and references to Vodafone Group are to Vodafone Group Plc and its subsidiaries unless otherwise stated. Vodafone, the Vodafone Speech Mark Logos, Vodacom, Together We Can and everyone.connected are trade marks owned by Vodafone. Other product and company names mentioned herein may be the trade marks of their respective owners. This presentation, along with any oral statements made in connection therewith, contains “forward- looking statements” including within the meaning of the US Private Securities Litigation Reform Act of 1995 with respect to the Vodafone Group’s financial condition, results of operations and businesses, including guidance on the Vodafone Group’s FY27 Adjusted EBITDAaL and Adjusted free cash flow, as well as information regarding the integration of Telekom Romania and VodafoneThree, the acquisition of Safaricom, the commercial and operational step-up in Germany, the development and commercialisation of new technology offerings, including artificial intelligence (AI), the strengthening of Vodafone Business capabilities, the plan to increase efficiency via simplification, including announced role reductions, the Group’s ambition to grow its total ordinary dividend over time, and certain of the Vodafone Group’s plans and objectives, including its strategy and strategic roadmap and emissions targets and other ESG goals, commitments, targets and ambitions, climate-related scenarios or pathways and methodologies it uses to assess its progress in relation to those. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as “transform”, “momentum”, “plan”, “continue”, “pathway”, “progress”, “roadmap”, “expect”, “target”, “ambition”, “transition”, “anticipate” or “accelerate” (including in their negative form). By their nature, forward-looking statements are inherently predictive, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. A review of the reasons why actual results and developments may differ materially from the expectations disclosed or implied within forward-looking statements can be found under “Forward looking-statements” and “Principal risks and uncertainties” in the Vodafone Group Plc Annual Report for the year ended 31 March 2026 and under “Forward-looking statements and other matters” in the Vodafone Group Plc preliminary results announcement for the year ended 31 March 2026. These reports can be found at investors.vodafone.com. All subsequent written or oral forward-looking statements attributable to Vodafone, to any member of the Vodafone Group or to any persons acting on their behalf are expressly qualified in their entirety by the factors referred to above. No assurances can be given that the forward-looking statements in or made in connection with this presentation will be realised. Any forward-looking statements are made as of the date of this presentation. Except as otherwise stated and as may be required to comply with applicable law and regulations, Vodafone does not intend to update these forward-looking statements and does not undertake any obligation to do so.
Information in this presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments.
This presentation includes certain information from third-party sources. The Vodafone Group has not independently verified the market data or other information (i) contained in third-party sources or (ii) on which such third-party sources are based, nor does the Vodafone Group make any representation or give any warranty as to the accuracy or completeness of such information. The information from third-party sources that is cited here has been reproduced accurately. The use by the Vodafone Group of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of the Vodafone Group by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
Page 15
vodafone.com
Upcoming Events
Vodafone Group Investor Relations
ir@vodafone.co.uk
1 Kingdom Street, London, W2 6BY
08 Oct 2026
VodafoneThree briefing
Matt Johnson Director Group Communications
matthew.johnson@vodafone.com
Roy Teal Deputy Director Group IR
roy.teal@vodafone.com
10 Nov 2026
FY27 H1 Results
David Irish Deputy Director Group IR
david.irish@vodafone.com
Gertrúd Szabó Deputy Director Group IR
03 Feb 2027
gertrud.szabo@vodafone.com
FY27 Q3 Results
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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