Vodafone 2025 Annual Report

204 Vodafone Group Plc Annual Report 2025

Strategic report

Governance

Financials

Other information

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. Vodacom Group Limited 2025 2024 €m €m Summary comprehensive income information Revenue 7,791 7,420 Profit for the financial year 1,058 920 Other comprehensive expense (121) 217 Total comprehensive income 937 1,137 Other financial information Profit for the financial year allocated to non-controlling interests 422 368 Dividends paid to non-controlling interests 249 260 Summary financial position information Non-current assets 8,002 7,517 Current assets 3,808 3,437 Total assets 11,810 10,954 Non-current liabilities (3,535) (3,198) Current liabilities (3,802) (3,446) Total assets less total liabilities 4,473 4,310 Equity shareholders’ funds 3,353 3,275 Non-controlling interests 1,120 1,035 Total equity 4,473 4,310 Statement of cash flows Net cash inflow from operating activities 2,573 2,285 Net cash outflow from investing activities (1,101) (943) Net cash outflow from financing activities (1,328) (1,276) Net cash inflow/(outflow) 144 66 Cash and cash equivalents brought forward 1,052 1,075 Exchange loss on cash and cash equivalents (8) (89) Cash and cash equivalents 1,188 1,052

31. Related undertakings (continued)

% of share class held by Group companies

Company name

Share class

Vodafone House, The Connection, Newbury, Berkshire, RG14 2FN, United Kingdom

Vodafone Hutchison (Australia) Holdings Limited United States 251 Little Falls Drive, Wilmington DE 19808, United States

50.00

Ordinary shares

PPC 1 (US) Inc.

25.05

Ordinary shares

Ziggo Financing Partnership

50.00

Partnership interest

Notes: 1. Directly held by Vodafone Group Plc. 2. Branches. 3. Shareholding is indirect through Vodafone Deutschland GmbH. 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. 8. SC DABCO Management LLC has joint control rights over DABCo Limited.

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