Vodafone Group Plc Annual Report 2025 213
Strategic report
Governance
Financials
Other information
- Non GAAP measures Unaudited information -
Defined on page Page 218 Page 218 Page 219 Page 219 Page 221 Page 221 Page 221 Page 221 Page 221
Closest equivalent GAAP measure
Reconciled on page Page 219
Non-GAAP measure
Gross debt Net debt
Borrowings
In the discussion of the Group’s reported operating results, non-GAAP measures are presented to provide readers with additional financial information that is regularly reviewed by management. This additional information presented is not uniformly defined by all companies including those in the Group’s industry. Acco rdingly, it may not be comparable with similarly titled measures and disclosures by other companies. Additionally, certain information presented is derived from amounts calculated in accordance with IFRS but is not itself a measure defined under GAAP. Such measures should not be viewed in isolation or as an alternative to the equivalent GAAP measure. The non-GAAP measures discussed in this document are listed below. Defined on Closest equivalent GAAP Reconciled on Non-GAAP measure page measure page
Borrowings less cash and Page 219 cash equivalents
Pre-tax ROCE (controlled) Post-tax ROCE (controlled and associates/joint ventures) Financing and Taxation metrics Adjusted net financing costs Adjusted profit before taxation Adjusted income tax expense Adjusted effective tax rate Adjusted share of results of equity accounted associates and joint ventures Adjusted share of results of equity accounted associates and joint ventures used in post-tax ROCE
ROCE calculated using GAAP measures ROCE calculated using GAAP measures Net financing costs Profit before taxation Income tax expense Income tax expense
Page 220 Page 220 Page 24 Page 221 Page 221 Page 221
Performance metrics Organic revenue growth Organic service revenue growth
Page 214 Page 214 Page 214 Page 214 Page 214 Page 214 Page 214 Page 214
Revenue
Pages 215 and 216 Pages 215 and 216 Pages 215 and 216 Pages 215 and 216 Pages 215 and 216 Page 215 Page 215 Pages 215 and 216
Share of results of equity Page 222 accounted associates and joint ventures accounted associates and Share of results of equity Page 222
Service revenue Service revenue Service revenue Service revenue Service revenue Service revenue Service revenue
Page 221
Organic mobile service revenue growth Organic fixed service revenue growth Organic Vodafone Business service revenue growth Organic financial services revenue growth in South Africa M-Pesa revenue Service revenue growth in Türkiye excluding the impact of the hyperinflationary adjustments Group Adjusted EBITDAaL Organic Adjusted EBITDAaL growth
joint ventures
Page 214 Page 214
Operating profit Not applicable
Page 139 Page 215 Page 217 Page 218
Other metrics Adjusted profit attributable to owners of Page 217
Profit attributable to owners of the parent Basic earnings per share
the parent
Adjusted basic earnings per share Cash flow, funding and capital allocation metrics Free cash flow
Page 217
Page 218 Page 218
Inflow from operating Inflow from operating activities activities
Page 219
Adjusted free cash flow
Pages 26 and
219
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