Vodafone Q3 FY25 Trading Update

Highlights

Group Q3 service revenue

+5.2% +0.1% +2.2% -6.4% -2.6%

Good Group performance

Europe (excl. MDU) Q3 service revenue

Group Q3 Adj. EBITDAaL

Germany Q3 service revenue

Germany: customer trends improving, challenging mobile market conditions

Germany (excl. MDU) Q3 service revenue

Gigabit broadband net adds

+1k

Due to complete next few months

Merger with 3UK approved Vodafone Italy sale complete Share buybacks – 3 rd tranche complete

Reshaping Vodafone for growth almost complete

€8bn in cash

€1.5bn to date 1

FY25 Guidance 2

FY25 financial guidance reiterated

Adjusted EBITDAaL

c.€11bn

Adjusted FCF

at least €2.4bn

Q3 FY25 Trading Update ⫶ February 2025

1. As at 31/01/2025. 2. FY25 guidance FX rates (to €): ZAR 20.58, TRY 34.98, EGP 51.75, GBP 0.86.The guidance assumes no material change to the structure of the Group. Excluding Vodafone Spain & Vodafone Italy & the impact of hyperinflationary accounting in Türkiye.

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