180 Vodafone Group Plc Annual Report 2025
Strategic report
Governance
Financials
Other information
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: 2025 2024 2023 €m €m €m Short-term remuneration 8 8 6 Long-term incentive schemes 1 1 1 3 9 9 9 Note: 1. Relates to share-based payments. No Directors serving during the year exercised share options in the year ended 31 March 2025 (2024: None; 2023: None). Key management compensation Aggregate compensation for key management, being the Directors and members of the Executive Committee, was as follows: 2025 2024 2023 €m €m €m Short-term employee benefits 24 27 25 Share-based payments 9 7 12 33 34 37 23. Directors and key management compensation
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. 2025 2024 2023 Employees Employees Employees
By activity Operations
15,440 15,707 15,808 21,830 22,928 24,676 55,564 57,647 57,619 92,834 96,282 98,103 14,341 15,115 15,242 11,744 11,441 14,189 14,036 13,578 13,633 9,332 9,640 9,312
Selling and distribution Customer care and administration
By segment Germany Other Europe UK
Africa T ü rkiye 1
3,164
3,126
3,688 753
Vantage Towers Common Functions
–
–
36,163 34,273 31,561
88,780 4,054
87,173 9,109
88,378 9,725
Discontinued operations
Total
92,834 96,282 98,103
The cost incurred in respect of these employees (including Directors) was:
2025 €m
2024 €m
2023 €m
Wages and salaries Social security costs
4,369 512 245 110 5,236 286 5,522
4,674 497 217 110 5,498 748 6,246
4,384 468 212 128 5,192 650 5,842
Other pension costs (note 25 'Post employment benefits') Share-based payments (note 26 'Shared-based payments')
Discontinued operations
Total
Note: 1. In the year ended 31 March 2023, the segment was named Other Markets and also included the results of Vodafone Ghana which, as previously reported, was sold in February 2023. Other Markets was re-named to Türkiye because this segment comprised only Vodafone Türkiye in the years ended 31 March 2024 and 31 March 2025.
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