Vodafone will grow ⫶ Our medium-term outlook
Investments
9%
Our growth portfolio 67% of Group Adjusted FCF
Our turnaround market 33% of Group Adjusted FCF
10%
33%
25%
10%
13%
Sustainable Adjusted FCF growth over the medium-term
FY25 results ⫶ May 2025
Note: FY25 Group actuals including proforma for 3UK – represents operating free cash flow net of tax and minority dividends.
23
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