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Q1 FY26 Trading Update

Jul 24, 2025

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H1 FY26 Results

Nov 11, 2025

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Share Price and Dividend Announcement

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Final Dividend FY25

2.25c to be paid August 01, 2025

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Vodafone has changed

Over the last two years we have taken significant steps to reshape our European footprint to focus on growth markets, where we have strong positions and good local scale.

Right-sized for growth

Vodafone will grow

Whilst we still have much more to do to reach the full potential of our business, we are now entering a phase of medium-term, sustainable Adjusted free cash flow growth.

Best-in-class telco in Europe and Africa

We’re drawing on our heritage in consumer connectivity to focus on delivering the reliability our customers expect.

Europe's leading platform for business

We’re building on our strong position to become Europe’s leading platform for business customers.

Our strategic priorities

We’re single-minded in our aims and keep our priorities of Customers, Simplicity and Growth top of mind. 

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Customers

While there is much more to do, we are already delivering improvements in customer satisfaction and increasing customer loyalty.

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Customers

Key metrics we focus on:

  • Consumer NPS
  • Detractors
  • Revenue market share
  • Network quality
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Simplicity

We need to become a simpler and less complex business – by simplifying our operations and executing on our cost programmes to improve productivity.

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Simplicity

Key metrics we focus on:

  • Europe opex savings
  • Productivity
  • Shared operations NPS
  • Employee engagement
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Growth

By removing internal complexities, we will be better positioned to deliver on our strategy, providing easy-to-use digital functionality to both consumers and businesses, thereby reaffirming ourselves as a best-in-class telco for Consumers in Europe and Africa.

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Growth

Key metrics we focus on:

  • Service revenue growth
  • Adjusted EBITDAaL growth
  • Adjusted free cash flow
  • Pre-tax ROCE

Action plan

Our purpose is to connect everyone

Right-sized for growth

Customer Segments

We draw on our expertise in connectivity, our leading IoT platform and our global scale to help consumers and businesses thrive in a digital world.

Europe

Our European consumer business is a pivotal player across the continent’s telecommunications sector. Our focus on customer-centric solutions, backed by cutting-edge technology, positions us at the forefront of a rapidly evolving industry, offering exciting opportunities for growth and value creation.

Africa

Vodacom is a telecommunications leader in Africa. We build and operate the digital infrastructure needed to help individuals, businesses and economies reach their goals. For nearly 30 years, we have been part of Africa’s digital transformation, operating through.

Vodacom Africa

Business

Vodafone Business helps organisations succeed in a digital world. With our expertise in connectivity, our leading Internet of Things (IoT) platform and our global scale, we provide what businesses of all sizes need to thrive.

Vodafone Business

Investments

Vodafone Investments
Vodafone Investments

powered by Shared Operations

Our commercial Shared Operations model drives productivity gains through; full transparency on price*quantity*quality, enabling competition between internal & external suppliers, to satisfy markets’ requirements, open to third party demand.

Powered by shared ops