Highlights
Group Q3 service revenue
+5.4%
Service revenue growth in Europe & Africa
Europe Q3 service revenue
+0.4%
Group Q3 Adj. EBITDAaL
+2.3%
Germany Q3 service revenue
+0.7%
Continued service revenue growth in Germany
Fixed line service revenue improvement
+1.2pp
1&1 customers using our network
>12m
UK Q3 service revenue
-0.5%
UK good progress in line with expectations
Mobile Consumer contract churn
+1.7pp
Integration & network investment plan
On track
FY26 Guidance 1
Continue to expect to deliver at the upper end of our FY26 financial guidance ranges
Adjusted EBITDAaL
€11.3-€11.6 billion
Adjusted FCF
€2.4-€2.6 billion
1. Further information on FY26 guidance on page 9.
Basis of preparation: Unless otherwise stated, growth rates represent organic growth. Organic growth represents performance on a comparable basis, excluding the impact of foreign exchange rates, mergers and acquisitions, and the hyperinflation adjustments in Türkiye, to improve the comparability of results between periods. The Group is consolidating VodafoneThree into its financial results from 1 June 2025.
Q3 FY26 Trading Update ⫶ February 2026
2
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