137 Vodafone Group Plc Annual Report 2026
Strategic report
Governance
Financials
Other information
Consolidated income statement for the years ended 31 March
Consolidated statement of comprehensive expense
for the years ended 31 March
2026 €m
2025 €m
2024 €m
2026 €m
2025 €m
2024 €m
Note
Note
Revenue Cost of sales Gross profit
40,461 37,448 36,717 (27,728) (24,929) (24,459) 12,733 12,519 12,258 (3,149) (2,934) (2,674) (5,841) (5,447) (5,768)
(Loss)/profit for the financial year Other comprehensive (expense)/income: Items that may be reclassified to the income statement in subsequent years: Foreign exchange translation differences, net of tax Foreign exchange translation differences, transferred to the income statement Total items that may be reclassified to the income statement in subsequent years Items that will not be reclassified to the income statement in subsequent years: Other, net of tax 1 Fair value gains on equity instruments classified as Other investments, net of tax Net actuarial gains/(losses) on defined benefit pension schemes, net of tax Total items that will not be reclassified to the income statement in subsequent years Other comprehensive (expense)/income Total comprehensive (expense)/income for the financial year
(49) (3,746) 1,505
2
Selling and distribution expenses Administrative expenses Net credit losses on financial assets Impairment (charge)/reversal Other (expense)/income Operating profit/(loss) Investment and other income Share of results of equity accounted associates and joint ventures
(696)
321 115 36 472
(440)
(429) (382)
(476) (123)
(491) (96)
–
23
22 12
209 (487)
(1,748) (2,165)
–
(4,515) 565
64 372 581
4 3 3 5 5
(88)
2,844 1,395 1,864
(411) 3,665
864
Financing costs
(2,375) (1,931) (2,626) (1,478) 1,620 (1,805) (2,246)
Profit/(loss) before taxation Income tax expense
428
116
–
(50) (65)
6
Profit/(loss) for the financial year - Continuing operations Loss for the financial year - Discontinued operations (Loss)/profit for the financial year
59
(3,724) 1,570
9
1
(58) (58)
25
(108)
(22)
437
117 589
7
(49) (3,746) 1,505
(50)
(2,223) (718)
Attributable to: – Owners of the parent – Non-controlling interests 1 (Loss)/profit for the financial year
(99) (3,157)
(397) (4,169)
1,140 365
348
423
(49) (3,746) 1,505
Attributable to: – Owners of the parent – Non-controlling interests
(254) (3,485) (99) (3,157) 155 328
(920) 202 (718)
(Loss)/earnings per share - Continuing operations
(1.20)c (15.86)c (1.20)c (15.86)c
4.45c 4.44c
Total comprehensive (expense)/income for the financial year
– Basic – Diluted
8 8
Note:
(Loss)/earnings per share - Total Group
1. Principally includes the impact of the Group's cash flow hedges deferred to other comprehensive income during the year. Further details on items in the consolidated statement of comprehensive expense can be found in the consolidated statement of changes in equity on pages 139 and 140.
(1.65)c (15.94)c (1.65)c (15.94)c
4.21c 4.20c
– Basic – Diluted
8 8
Note: 1. Profit attributable to non-controlling interests derives solely from continuing activities.
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