8 Vodafone Group Plc Annual Report 2026
Strategic report
Governance
Financials
Other information
Financial and non-financial performance Key Performance Indicators
We want to enable a digital, inclusive and sustainable society. To underpin the delivery of our mission, we ensure that we operate in a responsible way. Acting lawfully and with integrity is critical to our long-term success.
Financial results summary 1
Non-financial KPIs Empowering People
2026
2025
2024
2026
2025
2024
Group revenue Group service revenue Operating profit/(loss) Adjusted EBITDAaL 2
€m 40,461 37,448 36,717 €m 33,480 30,758 29,912 €m 11,351 10,932 11,019 2,844 (411) 3,665
Health & safety Number of lost-time incidents – employees and contractors Lost-time incident rate per 1,000 employees and contractors
#
33
23 18
€m €m €c €c €m
# 0.35 0.25
–
Protecting the Planet 6 Energy use Total energy spend
2026
2025
2024
Profit/(loss) for the financial year – continuing operations Basic (loss)/earnings per share – continuing operations Adjusted basic earnings per share 2 Cash inflow from operating activities
59 (3,724) 1,570
(1.20) (15.86)
4.45 7.47
€bn
0.9
0.9
– –
10.72 2,621
7.87
Proportion of energy covered by Purchase Power Arrangements Mobile and fixed access network and technology centres energy use Percentage of purchased electricity from renewable sources 7 Total energy use
% 14.0 18.4
€m 14,291 15,373 16,557 €m (25,411) (22,397) (33,242) 2,548 2,600
GWh 5,967 5,806 5,701 GWh 5,648 5,475 5,341
Adjusted free cash flow 2 Total dividends per share Net debt 2 Non-financial KPIs Empowering People
% 100
98 85
€c 4.6125
4.5
9.0
Greenhouse gas emissions (‘GHGs’) Total Scope 1 and Scope 2 GHG emissions (market-based method) 4 m tonnes CO
2 e 0.26 0.30 0.70 2 e 6.11 6.85 7.39
m tonnes CO
Total Scope 3 GHG emissions 4 Waste 8 Total network waste
2026
2025
2024
Network coverage 5G population coverage (outdoor 3Mbps) – Europe 4G population coverage (outdoor 1Mbps) – Africa 4G population coverage (outdoor 1Mbps) – Türkiye Smartphone penetration in Africa Smartphone penetration Financial inclusion Customers connected to our financial inclusion services – Africa 3,4
metric tonnes 7,743 6,686 6,237 % 100 100 98
% % % %
78 78 97 65
75 71 76 74 97 97
Network waste reused or sent to recyclers
Maintaining Trust
2026
2025
2024
Code of Conduct Completed ‘Doing What’s Right’ employee training 9 Number of ‘Speak Up’ reports 10 Tax and economic contribution Total tax and economic contributions 11
62
–
%
97
96 94
# 808 684 624
million 92.1 77.1 66.2
Our people Number of employees 5 Women on the Board Employee turnover rate (voluntary)
€bn €bn
–
7
8
thousand
91 54 37 7 40
87 85 38 42 36 35 8 9 39 39
Responsible supply chain Total spend 12 Number of direct suppliers 12,13
% % % %
25
21 19
thousand
9
9
8
Women in management and senior leadership roles 4 Women as a percentage of employees
Notes: 1. The results for the year ended 31 March 2026, and 31 March 2025, exclude Vodafone Spain and Vodafone Italy and therefore, except as otherwise described, the results for the year ended 31 March 2024 have been re-presented to reflect that. 2. Non-GAAP measure. See page 226 for more information. 3. Includes 100% of data relating to Safaricom. 4. 2026 Assured by Ernst & Young – limited assurance under ISAE (UK) 3000 and ISA 3410. 5. Further information on measurement definitions and calculations can be found at: vodafone.com/esg-methodology. 6. Information relating to prior years has been re-baselined to reflect the Vodafone UK merger with Three UK on 31 May 2025. 7. Less than 0.2% of grid electricity used by Vodafone Group in FY26 is not matched with renewable sources. This is because in a small number of locations where we operate, there is no available renewable electricity purchasing mechanism and these locations are not grid-connected to any markets where such mechanisms are available. 8. Includes hazardous waste from network equipment e-waste, and hazardous waste now includes batteries. Prior year figures have been restated.
9. Percentage of employees required to complete DWR training modules in the reporting period with no overdue requirements at the period end. 10. Information relating to the results for the year ended 31 March 2024 has been restated to reflect the disposals of Vodafone Spain on 31 May 2024 and Vodafone Italy on 31 December 2024. 11. Includes direct taxes, non-taxation based revenue mechanisms, such as payments for the right to use spectrum, and indirect taxes collected on behalf of governments around the world, excludes joint ventures and associates. The FY26 figure will be finalised during FY27. For more information, refer to our Tax and Economic Contribution reports, available at: vodafone.com/tax. 12. Excludes Vodafone Automotive. 13. Approximate number of unique suppliers based on suppliers’ ultimate parent company.
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