Africa ⫶ Good growth across all markets South Africa
Internationals
25% of Group Adj. EBITDAaL 1
• 36.3% service revenue growth in FY26 above inflation & in euro terms supported by: − pricing actions & customer base growth − data demand • Q4 slowdown as anticipated due to fully lapping higher regulatory price floors from Dec’2024 • 48.2% Vodafone Cash revenue growth in FY26 • 5G launched in June 2025 • 45.3% Adj. EBITDAaL growth in FY26 reflecting operational leverage Egypt
Internationals
• 2.1% service revenue growth in FY26 due to: − strong growth in mobile contract supported by pricing actions − Business demand for digital services • Q4 acceleration from prepaid mobile data usage improvement • 8.1% financial services revenue growth in FY26 • -4.1% Adj. EBITDAaL decline in FY26 reflecting a non- recurring lease accounting adjustment in H2 & one-off cost in H1
• 14.7% service revenue growth in FY26: − strong data demand & acceleration of M-Pesa revenue − strong growth in Tanzania & DRC − Mozambique returned to growth • M-Pesa revenue increased 23.1% in FY26 • 7.1m mobile customer additions in FY26 with 67.2% active data users • 37.1% Adj. EBITDAaL growth in FY26 due to revenue growth & lapping prior year one-offs
Service revenue growth (organic, %)
Service revenue growth (reported EUR, %)
Service revenue growth (organic, %)
3.3%
15.7%
15.6%
2.9%
2.8%
14.7%
33.1%
32.5%
29.0%
12.6%
15.2%
9.3%
1.4%
5.2%
1.4%
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Vodafone Group Plc FY26 Results ⫶ May 2026
1. Based on FY26 Adjusted EBITDAaL contribution.
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