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Jul 24, 2025

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Nov 11, 2025

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Final Dividend FY25

2.25c to be paid August 01, 2025

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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

+1,7% 1

€50bn

UK

+2.7%

€23bn

Other Europe

+1.6%

€9bn

Turkiye

16.9%

€17bn

Africa

+10.2%

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
+14%

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

Daily mobile money transaction value
$1.2bn

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