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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