See our results

H1 FY25 Results

Nov 12, 2024

View latest results

Q3 FY25 Trading Update

Feb 04, 2025

Financial Calendar

Regulatory news

Share Price and Dividend Announcement

Share Price

Learn more

Final Dividend FY24

4.50c to be paid August 02, 2024

Dividends

4 reasons to invest in Vodafone

We operate in growing markets, where we hold strong positions with good local scale. We have a sustainable and predictable financial profile and have compelling structural drivers in Vodafone Business, Africa and in our portfolio of investments.

1. Strong positions in growing markets

Majority three player markets, all growing over the last three years. Vodafone is also growing faster than the market in most regions.

Market size

€57bn

Germany

+3.2%

€56bn

UK

+3.4%

€28bn

Other Europe

+3.1%

€18bn

Africa

+6.8%

2. Focus on driving operational excellence

Vodafone is right-sized for growth and reorganised for operational excellence.

Right-sized for growth

3. Sustainable and predictable financial profile

Cash flows

Growing free cash flow per share

Robust balance sheet

Long dated and low cost debt
2.25-2.75x target leverage range

Attractive returns

Secure and growing dividend
Long-term share buyback programme

4. Structural growth drivers

Digital service growth
+11%

We serve private and public sector customers of all sizes with a broad range of connectivity services, supported by our dedicated global network. We have unique scale and capabilities, and are expanding our portfolio of products and services into growth areas such as unified communications, cloud and security, and IoT.

Vodafone business

Financial service growth
+20%

We provide a range of mobile services. The demand for mobile data is growing rapidly driven by the lack of fixed broadband access and by increased smartphone penetration. Together with Vodacom’s VodaPay super-app and the M-Pesa payment platform, we are the leading provider of financial services, as well as business and merchant services in Africa.

Financial growth

Our non-controlled operations are managed centrally through Vodafone Investments, reflecting that these assets need a different governance and oversight structure to support their growth and maximise value creation.

Innovation and Technology Investments