193 Vodafone Group Plc Annual Report 2026
Strategic report
Governance
Financials
Other information
23. Directors and key management compensation This note details the total amounts earned by the Company’s Directors and members of the Executive Committee. Directors Aggregate emoluments of the Directors of the Company were as follows: 2026 2025 2024 €m €m €m Short-term remuneration 9 8 8 Long-term incentive schemes 1 2 1 1 11 9 9 Note: 1. Relates to share-based payments. No Directors serving during the year exercised share options in the year ended 31 March 2026 (2025: None; 2024: None). Key management compensation Aggregate compensation for key management, being the Directors and members of the Executive Committee, was as follows: 2026 2025 2024 €m €m €m Short-term employee benefits 1 27 24 27 Share-based payments 9 9 7 36 33 34 Note: 1. Includes termination payments to Executive Committee members of €0.6 million (2025: €nil; 2024: €nil).
24. Employees This note shows the average number of people employed by the Group during the year, in which areas of our business our employees work and where they are based. It also shows total employment costs. 2026 2025 2024 Employees Employees Employees
By activity Operations
15,371 15,440 15,707 20,695 21,830 22,928 56,922 55,564 57,647 92,988 92,834 96,282 13,568 14,341 15,115 11,635 11,744 11,441 14,676 14,036 13,578 12,416 9,332 9,640 37,550 36,163 34,273 36,790 35,338 33,359 914 92,988 88,780 87,173 760 825 92,988 92,834 96,282 3,143 3,164 3,126 – 4,054 9,109
Selling and distribution Customer care and administration
By segment Germany Other Europe UK
Africa T ü rkiye
Common Functions - Of which: Shared operations - Of which: Corporate services
Discontinued operations
Total
The cost incurred in respect of these employees (including Directors) was:
2026 €m
2025 €m
2024 €m
Wages and salaries Social security costs
4,521 602 248 103 5,474 5,474 –
4,369 512 245 110 5,236 286 5,522
4,674 497 217 110 5,498 748 6,246
Other pension costs (note 25 'Post employment benefits') Share-based payments (note 26 'Shared-based payments')
Discontinued operations
Total
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