FY25 Results
"Since I set out my plans to transform Vodafone two years ago, Vodafone has changed. Clearly there is much more to do, but this period of transition has repositioned Vodafone for multi-year growth."
- Margherita Della Valle
Group service revenue growth (%)
Annual Report
We continued to use a simplified digital approach to our reporting, reflecting how we operate as a business.
Share and dividend performance
Following the right-sizing of the portfolio as a result of the sale of Vodafone Spain and Vodafone Italy, the Board determined to adopt a new rebased dividend from FY25 onwards. The Board has declared total dividends of 4.5 eurocents per share for FY25 (FY24: 9.0 eurocents) with an ambition to grow it over time.
Key performance indicators
We measure our success by tracking key performance indicators that reflect our strategic, operational and financial progress and performance.
€30.8bn
Service revenue
Grew on a like-for-like basis in FY25
€11.0bn
Adjusted EBITDAaL
Grew on a like-for-like basis in FY25
7.0%
Return on capital employed (ROCE)
Pre-tax ROCE broadly unchanged year-on-year
Share and dividend
Analyst coverage