Vodafone Q3 FY26 Trading Update

Other Europe & Türkiye

Other Europe 15% of Group service revenue 1

Türkiye 8% of Group service revenue 1

+1.2% Q3 service revenue

+38.5% Q3 service revenue

• Growth in Ireland, Greece, Czech & Albania due to higher customer base supported by our customer experience actions • Continued ARPU pressure in Portugal & Romania • Acceleration of service revenue in Q3 due to phasing of project work in Greece & Romania

• Mobile contract & broadband customer base continued to grow despite competitive intensity • Acquisition of Telekom Romania assets completed & integration underway • Contract net additions impacted by loss of Telekom Romania customers (-70k)

• Lower inflation leading to moderating service revenue growth • Continued growth in euro-terms • Ongoing price actions, strong digital services demand & customer base management • Strong growth in Business due to digital services & connectivity demand • Nationwide 5G to be launched in Apr 2026

Service revenue growth (%) Reported growth in euro 2

Service revenue growth (%)

Net additions (‘000)

Fixed

Mobile contract

2.6%

53.1%

52.3%

153

1.2%

80

78

75

29.6%

0.8%

28

0.2%

14.8%

4

(0.5)%

1

4

3.7%

(5)

3

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Q3 FY26

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Q3 FY26

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Q3 FY26

1. Based on Q3 FY26 service revenue contribution. 2. Growth in euro terms excluding the impact of hyperinflationary accounting adjustments.

Q3 FY26 Trading Update ⫶ February 2026

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