Vodafone 2025 Annual Report

Vodafone Group Plc Annual Report 2025 215

Strategic report

Governance

Financials

Other information

- Non GAAP measures Unaudited information (continued) -

Reported growth %

M&A and

Foreign exchange pps

Organic growth %

Reported growth % (12.6) 10.7 (0.4) 65.1 2.1

M&A and

Foreign exchange pps

Organic growth %

FY25 €m

FY24 €m

Other pps

FY25 €m

FY24 €m

Other pps

Year ended 31 March 2025 Service revenue Germany Mobile service revenue Fixed service revenue

Year ended 31 March 2025 Adjusted EBITDAaL

10,876 4,998 5,878 5,887 4,261 1,626 4,805 2,484 6,172 663 30,758 6,690 37,448 (129)

11,453 5,059 6,394 5,631 4,142 1,489 4,722 1,746 5,951 559 29,912 6,805 36,717 (150)

(5.0) (1.2) (8.1) 4.5 2.9 9.2 1.8 42.3 3.7

– – – – – –

– – –

(5.0) (1.2) (8.1) 1.9 0.3 6.5 2.1 83.4 11.3

Germany

4,384 5,017 1,558 1,408 1,510 1,516 2,593 2,539 842 510

- - - -

- (12.6)

UK

(2.8) 0.4

7.9

Other Europe T ü rkiye

-

UK

(2.6) (2.6) (2.7) 0.3

16.7

28.7 110.5

Mobile service revenue Fixed service revenue

Africa

8.1

10.2

Common Functions Eliminations

45

29

Other Europe T ü rkiye 1

-

16.5

24.6

Group

10,932 11,019

(0.8)

1.1

2.2

2.5

Africa

7.6

Common Functions Eliminations Total service revenue Other revenue

Percentage point change in Adjusted

EBITDAaL margin

2.8 2.0

0.4 0.4

1.9 1.6

5.1 4.0

Germany

36.0% 38.7% 22.0% 20.6% 26.5% 27.5% 27.3% 21.6% 33.3% 34.2% 29.2% 30.0%

(2.7) 1.4 (1.0) 5.7 (0.9) (0.8)

- - - -

- - - -

(2.7) 1.4 (1.0) 6.7 (0.2) (0.4)

UK

Revenue

Other Europe T ü rkiye

1.0

Other growth metrics Vodafone Business ('VB') - Service revenue Germany - VB service revenue UK - VB service revenue Other Europe - VB service revenue T ü rkiye - VB service revenue Africa - Vodacom Business service revenue South Africa - Financial services revenue Vodacom International M-Pesa Egypt - Vodafone Cash revenue

Africa Group

0.7

8,003 2,366 2,179 1,561 375 1,126 176 428 114

7,735 2,422 2,144 1,502 233 1,068 157 389

3.5 (2.3) 1.6 3.9

0.1

0.4

4.0 (2.3) (0.9) 4.4

0.2

0.2

– – – – – – –

(2.5) 0.5 4.6 (4.2) 1.3

60.9 5.4 12.1 10.0 18.8

18.6

27.6 107.1

10.0 7.9 11.3 80.1

96

61.3

Note: 1. Reported service revenue growth in Türkiye of 42.3% includes - 2.9pps in relation to the application of IAS 29 ‘Financial Reporting in Hyperinflationary Economies’. Growth in Türkiye excluding the impact of these hyperinflationary adjustments was 45.2%.

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