Vodafone H1 FY27 Results presentation

Highlights

Group Q2 service revenue

+6.4%

Strong first half performance

Europe Q2 service revenue

+0.6%

Group H1 Adj. EBITDAaL

+6.4%

Net Promoter Scores lead/co-lead

12 markets

Customers: Satisfaction continues to grow

Sentiment trend 2

+ 10%

Customer loyalty 3

2.0pp

Annual opex efficiencies target 4 Cumulative progress by H1 FY27

>€2bn 10%

Simplicity: Fast start to efficiency programme

H1 role reductions in Europe 5 + further announced in Germany

3k 2.3k

Group Adj. EBITDAaL

€13.2 – €13.4bn

Implied organic growth

6% - 8%

Growth: Upgrading FY27 Group guidance 1

Group Adj. FCF

€2.8 – €3.0bn

Implied organic growth

17% - 25%

5. Including shared operations.

1. See page 15 for more information about FY27 guidance. 2. Based on year-on-year growth in ‘promotor-to-detractor’ mix. 3. Based on year-on-year change in mobile churn across all markets. 4. Annual gross opex savings to be delivered by FY30 in Europe and Shared Operations.

Vodafone Group Plc H1 FY27 Results ⫶ November 2026

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