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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