UK 1 ⫶ Fast integration progress & full ownership Service revenue
17% of Group Adj. EBITDAaL 2
• Mobile contract additions impacted by Three UK customer losses & very low value B2B disconnections (FY26: -53k) • VOXI & SMARTY continued to grow (FY26: 189k) • 222k fixed broadband & 56k fixed wireless access 3 net additions in the year • Best-in-class CX & propositions: − Vodafone Consumer NPS leader − churn improvement across all Consumer brands post-merger − launched ‘Vodafone Together Family’ plan Customer additions
• 4.5% Adj. EBITDAaL growth in FY26 driven by: − strong Consumer broadband & Wholesale margin growth − higher operating expenses due to inflation & network deployment • Actions undertaken on key cost synergies to deliver the first material impacts in FY27: − all teams integrated down to the third level of the organisation − appointed network deployment partners − contract rationalisation ongoing Adj. EBITDAaL
• 0.3% service revenue growth in FY26: − strong commercial momentum in Consumer & Wholesale − Business decline from planned managed services contract terminations in FY26 • Record customer growth in Consumer broadband together with ARPU increase • Improvement in mobile in Q4 supported by better Three UK performance & Wholesale acceleration • Lower Business project activity in Q4 incl. a strategic change by a large customer
Service revenue growth (organic, %)
Net additions (‘000s)
Adj. EBITDAaL (€billion)
4.5% organic yoy growth 3
Broadband
Mobile contract
3.1%
64
64
61
50
44
1.9
41
1.2%
0.9%
1.6
14
(22)
(46)
(0.2)%
(0.5)%
(73) Q3 FY26
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q4 FY25
Q1 FY26
Q2 FY26
Q4 FY26
FY25
FY26
Vodafone Group Plc FY26 Results ⫶ May 2026
1. FY26 results include two months of Vodafone UK on a standalone basis, and ten months of VodafoneThree results. 2. Based on FY26 Adjusted EBITDAaL contribution. 3. Fixed wireless access (‘FWA’) net additions are reported under mobile net additions.
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