Vodafone Q3 FY25 Trading Update

Africa ⫶ Acceleration in growth driven by SA

+3.2% Service revenue growth

+44.7% Service revenue growth

+7.5% Service revenue growth

South Africa 11% of Group service revenue 1

Egypt 5% of Group service revenue 1

Internationals 5% of Group service revenue 1

Internationals Internationals

• Stronger prepaid performance & successful seasonal campaigns in Q3 • Good Business growth (Q3: +5.8%) across both mobile & fixed • Strong financial services growth & commercial momentum with over 10 million registered ‘VodaPay’ users

• Strong growth across all customer segments, growing above inflation • Further 30% price increase announced in December (all connectivity products) • Strong growth in ‘Vodafone Cash’ (Q3: +79%), 10.5 million users

• Strong growth continued in Tanzania & DRC • Mozambique still challenging (political unrest) • M-Pesa revenue growth +9.7% in Q3

Service revenue growth (%)

43.6%

44.1%

44.7%

40.3%

7.5%

3.2%

6.8%

6.7%

29.1%

6.3%

1.9%

1.8%

5.9%

0.7%

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q3 F24

Q4 FY24

Q1 F25

Q2 FY25

Q3 FY25

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q3 FY25 Trading Update ⫶ February 2025

1. Based on Q3 FY25 service revenue contribution.