217 Vodafone Group Plc Annual Report 2026
Strategic report
Governance
Financials
Other information
31. Related undertakings (continued)
Notes: 1. Directly held by Vodafone Group Plc. 2. Branches. 3. SC DABCO Management LLC has joint control rights over DABCo Limited. 4. Shareholding is indirect through Vantage Towers A.G. 5. Shareholding is indirect through Vodacom Group Limited. The indirect shareholding is calculated using the 65.10% ownership interest in Vodacom Group Limited. 6. Includes the indirect interest held through Vodafone Idea Limited. 7. Accenture Holdings B.V. holds 20% of the total voting rights in Vodafone Shared Operations Limited. Selected financial information The table below shows selected financial information in respect of subsidiaries that have non-controlling interests that are material to the Group.
% of share class held by Group companies
Company name
Share class
Tanzania, United Republic of Vodacom Tanzania PLC, 15 Floor, Vodacom Tower, Plot 23 Ursino Estate, Bagamoyo Road, Dar es Salaam, Tanzania, United Republic of Ngorongoro Fibre Company Limited Plot No. 23, Ursino Estate, Bagamoyo Road, Dar es Salaam, Tanzania, United Republic of Vodacom Trust Limited 5 Fast Fibre Tanzania Limited Türkiye Çifte Havuzlar Mah Eski Londra Asfalti Cad No: 151/1E/301, Esenler, Istanbul, Türkiye FGS Bilgi Islem Urunler Sanayi ve Ticaret AS Levazim Mahallesi Vadi Caddesi Zorlu Center No:2 Ic Kapi No: 347, Besiktas, Istanbul, Türkiye Red Haven Veri Merkezi Anonim Sirketi
48.82 24.41
Ordinary shares Ordinary B shares
48.82
Ordinary A shares, Ordinary B shares
VodafoneThree Holdings Limited
Vodacom Group Limited
2026 €m
2025 €m
2026 €m
Summary comprehensive income information Revenue Profit/(loss) for the financial year Other comprehensive income/(expense) Total comprehensive income/(expense)
50.00
Ordinary shares
8,365 1,368 1,364
7,791 1,058
9,192 (1,063) (1,033) 30
(4)
(121) 937
50.00
Ordinary A shares, Ordinary B shares
Other financial information Profit/(loss) for the financial year allocated to non-controlling interests Dividends paid to non-controlling interests
United Kingdom One Kingdom Street, London, W2 6BY, United Kingdom DABCO Limited 3
604 245
422 249
(258)
69.23
Ordinary shares, Series A - preference shares
–
Summary financial position information Non-current assets
24/25 The Shard, 32 London Bridge Street, London, SE1 9SG, United Kingdom Digital Mobile Spectrum Limited Sixth floor, Thames Tower, Station Road, Reading, RG1 1LX, United Kingdom Mobile Broadband Network Limited Floor 5, 20 Fenchurch Street, London, EC3M 3BY, United Kingdom VodaFamily Ethiopia Holding Company Limited 5
9,048 4,398 13,446 (4,582) (3,978) 4,886 3,519 1,367 4,886 2,607 (1,313) (895) 399 1,188 1,513 (74)
8,002 3,808 11,810 (3,802) 4,473 3,353 1,120 4,473 2,573 (1,101) (1,328) 144 1,052 1,188 (8)
17,983 4,603 22,586 (5,114) 5,941 3,681 2,260 5,941 3,183 (2,209) (954)
33.33
Ordinary shares
Current assets Total assets Non-current liabilities Current liabilities
25.50
Ordinary shares
(3,535) (11,531)
31.47
Ordinary shares
Total assets less total liabilities Equity shareholders’ funds Non-controlling interests
120 Kings Road, London, SW3 4TR, United Kingdom Cable & Wireless Trade Mark Management Limited
50.00
Ordinary A shares, Ordinary B shares
Total equity
Vodafone House, The Connection, Newbury, Berkshire, RG14 2FN, United Kingdom Vodafone Hutchison (Australia) Holdings Limited
Statement of cash flows Net cash inflow from operating activities Net cash outflow from investing activities Net cash outflow from financing activities Net cash inflow/(outflow) Cash and cash equivalents brought forward Exchange loss on cash and cash equivalents Cash and cash equivalents
50.00
Ordinary shares
United States 251 Little Falls Drive, Wilmington DE 19808, United States Ziggo Financing Partnership 2820 Selwyn Avenue, Charlotte NC 28209, United States Britelink USA Inc
50.00
Partnership interest
20 18 37
22.50
Common stock shares
(1)
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