Vodafone Q3 FY26 Trading Update

Financial Highlights ⫶ Growth in Europe & Africa

Group service revenue growth

Regional service revenue growth

Adjusted EBITDAaL

Group

Group excl. Türkiye

Europe

Europe (ex. MDU impact)

Africa

5.8%

5.5%

5.4%

5.2%

13.8%

13.5%

€2.8-3.1bn

€3.0bn

11.6%

€2.8bn

€2.7bn

3.3%

3.2%

0.5%

0.4%

0.2%

0.1%

(0.4)%

2.2%

1.7%

1.3%

(1.3)%

(1.9)%

(2.1)%

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Q3 FY26

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Q3 FY26

Q1 FY26

Q2 FY26

Q3 FY26

Q4 FY26e

• Service revenue growth supported by strong contributions from Türkiye & Africa • Vodafone Business +3.0% in Q3, with tough prior year comparative in the UK

• In Europe, continued growth in Germany & slowdown as expected in the UK • Africa maintained good momentum • Türkiye & Egypt continue to grow in euro terms, at 3.7% 1 & 33.1% respectively

• +2.3% 2 growth in Q3 on a like-for-like basis • Year-to-date adjusted EBITDAaL grew +5.3% 2 to €8.5bn • Phasing consistent with expectation to deliver the upper end of FY26 guidance range (€11.3-11.6bn)

1. Growth in euro terms excluding the impact of hyperinflationary accounting adjustments. 2. Organic Adj. EBITDAaL. 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.

Q3 FY26 Trading Update ⫶ February 2026