Vodafone 2025 Annual Report

216 Vodafone Group Plc Annual Report 2025

Strategic report

Governance

Financials

Other information

- Non GAAP measures Unaudited information (continued) -

Reported growth

M&A and

Foreign

Organic growth %

Reported growth % (6.4) (1.0) (10.7)

M&A and Other pps

Foreign exchange pps

Organic growth % (6.4) (1.0) (10.7)

Q4 FY25

Q4 FY24

Other exchange

Q3 FY25 €m 2,706 1,259 1,447 1,507 1,096 411 1,201 776 1,607 165 (33)

Q3 FY24 €m 2,892 1,272 1,620 1,400 1,034 366 1,175 393 1,543 137 (35)

Quarter ended 31 March 2025

Quarter ended 31 December 2024 Service revenue Germany

€m

€m

%

pps

pps

Service revenue Germany Mobile service revenue Fixed service revenue Mobile service revenue Fixed service revenue UK

2,670 2,839 1,242 1,257 1,428 1,582 1,489 1,409 1,057 1,012 1,194 1,181 1,614 1,484 7,720 7,546 1,641 1,842 9,361 9,388 432 605 176 397 525 140 (28)

(6.0) (1.2) (9.7) 5.7

– – – – – – – –

– – –

(6.0) (1.2) (9.7)

– – – – – – – 13.7 – (0.2) (0.1)

– – –

Mobile service revenue Fixed service revenue UK Mobile service revenue Fixed service revenue Other Europe T ü rkiye 1 Africa Common Functions Eliminations Total service revenue Other revenue

(2.6) (2.6) (2.4) (0.3)

3.1 1.8 6.4 0.8

7.6 6.0 12.3 2.2 97.5 4.1

(4.3) (4.2) (4.7) 0.4 (27.8) 7.5

3.3 1.8 7.6 2.6

4.4 8.8 1.1 15.2 8.8

Other Europe T ü rkiye 1

22.1

35.9 4.7

73.2 13.5

83.4 11.6

Africa

Common Functions Eliminations Total service revenue Other revenue

(32)

2.3

1.0 1.0

2.1 2.1

5.4 2.8

7,929 7,505 1,882 1,841 9,811 9,346

5.6 5.0

(0.2) (0.8) (1.1) (4.1) 0.5 –

5.2 4.1

Revenue

(0.3)

Revenue

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

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

2,062 1,979

4.2 (2.8) 3.7 1.5

0.6

0.3

5.1 (2.8) 1.3 1.2

2,051 1,943

5.6 (3.0) 3.7 5.3

(0.2)

4.3 (3.0) (0.4) 5.8

588 565 405 98 296

605 545 399 71 270

– – – –

594 560 395 115 289

612 540 375 271

– – – –

(2.4) (0.3)

38.0 9.6

23.8

43.3 105.1

53 117.0

15.4

(29.6) 102.8

1.9 2.2

11.5 0.3

6.6 1.2

4.2 2.2

10.8 2.2

Adjusted EBITDAaL

2,693 2,797

(3.7)

1.8

Adjusted EBITDAaL

2,828 2,795

(1.2)

Note: 1. Reported service revenue growth in Türkiye of 15.2% (Q3 FY25: 97.5%) includes -37.3pps (Q3 FY25: 44.4pps) in relation to the application of IAS 29 ‘Financial Reporting in Hyperinflationary Economies’. Growth in Türkiye excluding the impact of these hyperinflationary adjustments was 52.5% (Q3 FY25: 53.1%).

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