Vodafone Q3 FY26 Trading Update

Africa ⫶ Continued growth across all markets

Internationals 5% of Group service revenue 1

Egypt 6% of Group service revenue 1

South Africa 10% of Group service revenue 1

+1.4% Q3 service revenue

+39.4% Q3 service revenue

+15.7% Q3 service revenue

• Stable trend with strong prior year comparator in prepaid, offset by an acceleration in Business • Mobile contract price increases announced & effective February 2026 • Good financial services growth of 8.4% with strong demand for insurance products • Business +4.8% supported by IoT growth

• Sustained growth well above inflation partially offset by lapping price increases in December 2024 • Euro term growth (33.1%) supported by higher customer base & continued data demand • Strong Vodafone Cash revenue growth of 60.0% & customer base growth of 28.9%

• Acceleration in growth supported by strong performance in DRC & further improvement in Mozambique • Strong M-Pesa growth (24.6% YoY) • Acquisition of Safaricom announced in December 2025 by Vodacom: − ownership increases to 55% − transaction expected to close Q4 FY26 − to be fully consolidated

Service revenue growth (%)

Service revenue growth (%) Reported growth in euro

Service revenue growth (%)

33.1%

32.5%

29.0%

15.7%

14.7%

5.2%

12.6%

3.3%

3.2%

2.9%

9.3%

7.5%

(8.9%)

1.4%

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.

Q3 FY26 Trading Update ⫶ February 2026