235 Vodafone Group Plc Annual Report 2026
Strategic report
Governance
Financials
Other information
Non-GAAP measures - Unaudited information (continued) Adjusted share of results of equity accounted associates and joint ventures The table below reconciles Adjusted share of results of equity accounted associates and joint ventures to the closest GAAP equivalent, Share of results of equity accounted associates and joint ventures. FY26 FY25 €m €m Share of results of equity accounted associates and joint ventures (382) (123) Restructuring costs, net of tax 21 21 Other income/(expense), net of tax 1 471 (57) Adjusted share of results of equity accounted associates and joint ventures used in Post-tax ROCE 110 (159) Amortisation of acquired customer base and brand intangible assets, net of tax 108 312 Adjusted share of results of equity accounted associates and joint ventures 218 153 Note: 1. Includes €464 million in respect of the investment Oak Holdings 1 GmbH holds in Infrastrutture Wireless Italiane S.p.A. (‘Inwit’).
Additional information - Unaudited information Analysis of depreciation and amortisation The table below presents an analysis of the different components of depreciation and amortisation discussed in this document, reconciled to the GAAP amounts in the consolidated income statement. FY26 FY25 €m €m Depreciation on leased assets - included in Adjusted EBITDAaL 3,674 3,205 Depreciation on leased assets - included in Restructuring costs 299 30 Depreciation on leased assets 3,973 3,235 Depreciation on owned assets 4,391 3,874 Amortisation of owned intangible assets 4,090 3,695 Depreciation and amortisation on owned assets 8,481 7,569 Total depreciation and amortisation on owned and leased assets 12,454 10,804 (Gain)/loss on disposal of owned fixed assets (199) 25 Gain on disposal of leased assets (4) (12) Depreciation and amortisation - as recognised in the consolidated income statement 12,251 10,817 Analysis of tangible and intangible additions The table below presents an analysis of the different components of tangible and intangible additions discussed in this document. FY26 FY25 €m €m Capital additions 7,291 6,862 Integration related capital additions 209 31 Licence and spectrum additions 1,083 236 Additions to customer bases 1 – Additions 8,584 7,129 Intangible asset additions 3,234 2,655 Property, plant and equipment owned additions 5,350 4,474 Total additions 8,584 7,129
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