Vodafone Business ⫶ Double-digit digital services growth • 3.2% service revenue growth in FY26 due to: − strong demand for digital services − growth in Türkiye & Africa − partially offset by planned managed services contract terminations in the UK • Q4 supported by digital services growth with an acceleration in Germany & Romania • Digital services contributing 26% to Business service revenue in FY26 Financial performance • 14.2% digital services growth in FY26 • 52.7% growth in SaaS 2 & 35.1% growth in SDN 3 services revenue in Q4 • Acquisition of leading cloud & digital transformation specialist, Skaylink, closed in December 2025 & sales of their services have started • Launched AI concierge & cybersecurity solution for SMEs in partnership with Google in April 2026 • Telecom partner of AWS sovereign cloud solution in Germany from May 2026 Digital Services 1 performance
vodafone business
• Germany back to growth in Q4 − strong digital services acceleration − impacted by pressure in core connectivity services • UK slowdown due to lower project activity incl. a strategic change by a large customer • Other Europe strong digital services growth in Romania from project delivery • Africa strong demand for digital services supported by IoT Q4 market performance
Service revenue growth (organic, %)
Digital Services 1 revenue growth (organic, %)
Business service revenue growth (Q4 FY26 organic, %)
11.0%
18.1%
16.1%
5.1%
15.1%
6.8%
12.2%
1.5%
11.1%
4.0%
3.2%
3.0%
2.9%
(7.8)%
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
DE
UK
EU
SA
Vodafone Group Plc FY26 Results ⫶ May 2026
1. Digital Services include IoT, cloud & security services, and from Q1 FY26 also include SDN & Digital Communication Solutions. Q1 FY26 growth rate has been restated to reflect a reclassification of a digital services product in the UK. 2. Software-as-a-service 3. Software-defined network.
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