Other Europe & Türkiye
Other Europe ⫶ Strong Business momentum
• 45.2% service revenue growth in FY26: − moderating inflation impacting trends − strong base management & B2B growth • Strong euro growth in service revenue, Adj. EBITDAaL & cash flow 2 in FY26 • New price actions started in April 2026 • 5G services launched in April 2026 with the most efficient spectrum utilisation & widest coverage in the country • 47.6% Adj. EBITDAaL growth in FY26 supported by service revenue growth & ongoing digitalisation Türkiye ⫶ Scaling to €1bn Adj. EBITDAaL
23% of Group Adj. EBITDAaL 1
• 3.7% Adj. EBITDAaL growth in FY26 driven by: − service revenue growth & cost actions − legal one-off in Portugal in H1 FY26 − partially offset by Greece provisions in H2 • Acquisition of Telekom Romania assets completed in October 2025: − integration well underway & 250k customers migrated − network integration started, with national roaming supporting customer experience
• 0.5% service revenue growth in FY26 impacted by: − ARPU pressure in Portugal − good performance across other markets • Q4 Business acceleration in Romania offset by project phasing in Greece • Re-introduction of pricing actions announced in Portugal in January 2026 • Q4 mobile contract net additions impacted by the disconnection of 58k inactive SIMs
Service revenue growth (organic, %)
Net additions (‘000s)
Service revenue growth (reported EUR 3 , %)
Broadband
Mobile contract
1.2%
1.2%
52.3%
80
0.8%
78
75
29.6%
28
0.2%
4
14.8%
1
3
3.7%
(5)
(20) (68) Q4 FY26
(0.5)% Q2 FY26
(0.2)% Q4 FY26
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY25
Q1 FY26
Q3 FY26
Q4 FY26
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Vodafone Group Plc FY26 Results ⫶ May 2026
1. Based on FY26 Adjusted EBITDAaL contribution. 2. Cash flow is the sum of Adj. EBITDAaL, capital additions, working capital and other cash flow movements. 3. Growth in euro terms excluding the impact of hyperinflation accounting adjustments.
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