Vodafone Group Public Limited Company · LSE:VOD
Vodafone Group Public — Vodafone Group — Q3 2026 Earnings Presentation
14 slides from Vodafone Group Public's earnings presentation, Feb 5, 2026
Slide 1: Q3 FY26 Trading Update
Q3 FY26 Trading Update February 2026 Q3 FY26 Trading Update ⫶ February 2026 1
Slide 2: Highlights
Highlights Group Q3 service revenue +5.4% Service revenue growth in Europe & Africa Europe Q3 service revenue +0.4% Group Q3 Adj. EBITDAaL +2.3% Germany Q3 service revenue +0.7% Continued service revenue growth in Germany Fixed line service revenue improvement +1.2pp 1&1 customers using our network
Slide 3: Financial Highlights: Growth in Europe & Africa
Financial Highlights ⫶ Growth in Europe & Africa Group service revenue growth Regional service revenue growth Adjusted EBITDAaL Group Group excl. Türkiye Europe Europe (ex. MDU impact) Africa 5.8% 5.4% 5.5% 5.4% 5.2% 13.8% 13.5% 13.5% 13.5% €2.8-3.1bn 11.6% €3.0bn €2.8bn €2.7bn 3.2% 3.3% 0.1% 0.2% 0
Slide 4: Germany: Continued service revenue growth
Germany ⫶ Continued service revenue growth Germany +0.7% Value-focused actions 32% of Group service revenue1 Q3 Service revenue growth • Service revenue supported by wholesale & • Mobile contract customer base grew • Strong focus on value across mobile & digital services (+11k) despite ongoing price
Slide 5: UK: Good progress in line with expectations
UK ⫶ Good progress in line with expectations UK1 -0.5% Integration 23% of Group service revenue2 Q3 Service revenue growth • As anticipated, service revenue declined, • Mobile contract net additions impacted by Transforming mobile network experience driven by strong prior year comparative in the dis
Slide 6: Other Europe & Türkiye
Other Europe & Türkiye Other Europe +1.2% Türkiye +38.5% 15% of Group service revenue1 Q3 service revenue 8% of Group service revenue1 Q3 service revenue • Growth in Ireland, Greece, Czech & Albania • Mobile contract & broadband customer • Lower inflation leading to moderating due to higher customer
Slide 7: Africa: Continued growth across all markets
Africa ⫶ Continued growth across all markets South Africa +1.4% Egypt +39.4% Internationals +15.7% 10% of Group service revenue1 Q3 service revenue 6% of Group service revenue1 Q3 service revenue 5% of Group service revenue1 Q3 service revenue • Stable trend with strong prior year • Sustained growth
Slide 8: Vodafone Business: Impacted by prior year comparative
Vodafone Business ⫶ Impacted by prior year comparative Financial +3.0% Unique digital +11.1% Market 5.0m performance Q3 Service revenue growth capabilities Q3 digital services1 revenue growth performance Business customers • Growth supported by continued demand • Digital services represents 26% of t
Slide 9: FY26 guidance: Continue to expect to deliver at the upper end
FY26 guidance ⫶ Continue to expect to deliver at the upper end Adjusted Adjusted Capital Intensity (€billion) EBITDAaL FCF • Broadly maintained market by market FY25 actual 10.9 2.5 Impact of exchange rates (0.3) (0.1) Leverage ratio Remove Türkiye hyperinflation accounting 0.2 - • Lower half of 2.2
Slide 10: Appendices
Appendices I More information p11 II ESG reporting & performance p12 III Importance notice p13 Q3 FY26 Trading Update ⫶ February 2026 10 Provide investor feedback here ⫶ vodafone.com/feedback
Slide 11: I More information
I More information Africa ⫶ Vodacom Investor day 2025 Vodafone Business ⫶ Virtual investor briefing Introducing Vision 2030 Connecting people, places & things for a better future • We have structural growth opportunities • We operate in attractive markets • We are a market leader supporting attracti
Slide 12: II ESG reporting and performance
II ESG reporting and performance Extensive suite of ESG disclosures Strong ESG performance Annual Report ⫶ vodafone.com/ar2025 ESG Addendum ⫶ vodafone.com/esgaddendum ESG Ratings ⫶ • Integrated reporting covering • >1,200 datapoints, covering >300 investors.vodafone.com/esg-ratings ESG strategy & pe
Slide 13: III Important notice
III Important notice You have been provided access to this presentation on the basis that you are an investment professional for the purposes of Article References to Vodafone are to Vodafone Group Plc and references to Vodafone Group are to Vodafone Group Plc and its 19 or a member of the press for
Slide 14: Upcoming events
vodafone.com Vodafone Group Upcoming events Investor Relations ir@vodafone.co.uk 1 Kingdom Street, London, W2 6BY 29May 12 Jul Annual General Meeting FY26 Results 112026 Nov 2025 H1 FY26 results Matt Johnson 2025 Director matthew.johnson@vodafone.com Group Communications Roy Teal Deputy Director roy