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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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Final Dividend FY25

2.25c to be paid August 01, 2025

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The connectivity we provide continues to be critical to the way that people interact, businesses operate and government services function.

Vodafone has changed

Since I set out my plans to transform Vodafone two years ago, Vodafone has changed. We have reshaped Europe, we are seeing the positive impact of our drive for customer satisfaction in all our markets – most noticeably in the UK and Germany – and we have delivered strong operational improvements across the business. Clearly there is much more to do, but this period of transition has repositioned Vodafone for multi-year growth.

Looking ahead, we expect to see broad-based momentum across Europe and Africa, and for Germany to return to top-line growth during this year. This is reflected in our guidance for profit and cash flow for the year ahead. 

Margherita Della Valle,

Group Chief Executive

FY25 Management Interview

"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 Chief Executive

FY24 results webcast

A year ago I set out my plans to transform Vodafone, including the need to right-size Europe for growth. Since then, we have announced a series of transactions and we are now delivering growth in all of our markets across Europe and Africa.

- Margherita Della Valle
Group Chief Executive

Date Title Report Presentation Video Q&A Spreadsheet Transcript
Jun 06 2025 ESG Addendum and methodology
Jun 06 2025 Form 20-F
Jun 06 2025 Annual report
May 20 2025 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 24 2024 iXBRL Filing
May 24 2024 ESG Addendum and methodology
May 24 2024 Form 20-F
May 24 2024 Annual report
May 14 2024 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 26 2023 iXBRL Filing
May 26 2023 TCFD
May 26 2023 ESG Addendum
May 26 2023 2023 Summary
May 26 2023 Annual Report
May 26 2023 Accessible Annual Report
May 16 2023 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 27 2022 iXBRL Filing
May 27 2022 2022 Summary
May 27 2022 Annual Report
May 27 2022 ESG Addendum
May 27 2022 TCFD
May 17 2022 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 28 2021 2021 Summary
May 28 2021 Annual Report
May 28 2021 TCFD
May 28 2021 ESG Addendum
May 18 2021 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 12 2020 Full Year
Mar 31 2020 Form 20-F
Mar 31 2020 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 14 2019 Full Year
Mar 31 2019 Form 20-F
Mar 31 2019 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 15 2018 Full Year
Mar 31 2018 Form 20-F
Mar 31 2018 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 16 2017 Full Year
Mar 31 2017 Form 20-F
Mar 31 2017 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 17 2016 Full Year
Mar 31 2016 Form 20-F
Mar 31 2016 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 19 2015 Full Year
Mar 31 2015 Form 20-F
Mar 31 2015 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 20 2014 Full Year
Mar 31 2014 Annual Report
Mar 31 2014 Form 20-F
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 21 2013 Full Year
Mar 31 2013 Form 20-F
Mar 31 2013 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 22 2012 Full Year
Mar 31 2012 Form 20-F
Mar 31 2012 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 17 2011 Full Year
Mar 31 2011 Form 20-F
Mar 31 2011 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 18 2010 Full Year
Mar 31 2010 Form 20-F
Mar 31 2010 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 19 2009 Full Year
Mar 31 2009 Form 20-F
Mar 31 2009 Annual Report
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 27 2008 Full Year
Mar 31 2008 Form 20-F
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 29 2007 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 30 2006 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 24 2005 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 25 2004 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 27 2003 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
May 27 2002 Full Year
Date Title Report Presentation Video Q&A Spreadsheet Transcript
Mar 31 2001 Full Year

Transformation gaining momentum

In May 2023, we set out our new roadmap to transform Vodafone along with three strategic priorities: Customers, Simplicity and Growth. We measure our operational progress in these areas through a consistent scorecard summarised below. Over the last two years, we have made good progress against our strategic priorities, which are focused on Customers, Simplicity and Growth. We have reshaped our European footprint, reset our capital structure, improved customer satisfaction, simplified our operations and grown digital services.

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FY25 highlights

Our financial performance was in-line with expectations for the year.

We have reshaped our European footprint, reset our capital structure, improves customer satisfaction, simplified our operations and grown digital services.

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FY25 highlights

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About Vodafone

We are a leading European and African telecommunications company transforming the way our customers live and work through our technology, platforms, products and services.

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About Vodafone

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Operating in a rapidly changing industry

Our business is underpinned by our strong governance and risk management framework.

We understand the long-term trends that are shaping our industry and driving new growth opportunities.

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Operating in a rapidly changing industry

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Business model

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.

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Business model

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Purpose, sustainability and responsible business

We address Environmental, Social and Governance (‘ESG’) topics through our Purpose strategy, with the goal of enabling an inclusive, sustainable and trusted digital society.

Over the past year we have progressed against our ESG targets. These targets are supported by governance

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Purpose, sustainability and responsible business

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Governance at a glance

The Nominations and Governance Committee regularly reviews the Board’s composition with a view to ensuring a diverse mix of backgrounds, skills, knowledge and experience as well as deep expertise in technology and telecommunications. Each year, the Board monitors and improves its performance by conducting an annual performance review.

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Governance at a glance

Our strategic priorities

Our strategic priorities makes us well positioned to take advantage of the key mega trends shaping our industry

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Customers

Our customers expect seamless connections, reliable upgrades and simple service interactions. We’re making these basics our focus. 

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Customers

  • Delivering the simple and predictable experience our customers expect
  • Getting the basics right and refocusing our resources towards improving customer experience
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Simplicity

We need be speedy and decisive. By reducing complexity within our business, we’re freeing ourselves up to be commercially competitive.

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Simplicity

  • Become a simple and faster business
  • Simplify our operations and executing on our cost programmes to improve profitability
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Growth

We must focus on a portfolio of segments, products and geographies that’s right-sized for growth and returns.

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Growth

  • Right-sizing the portfolio for growth
  • Significant opportunity to grow in:
    • Business
    • Africa
    • Vodafone investments