Vodafone Group PLC

Latest Results (10.11.2025):

Vodafone Group PLC’s H1 FY25 results demonstrate steady performance and strategic progress in the first half of FY25. The report highlights organic service revenue growth, improved operating profit through divestitures, and focused investments in key markets such as Germany and Africa, while reaffirming full year guidance. The outcomes reflect consistent execution of the transformation strategy to reshape Vodafone for growth.

Revenue & Service Growth

Total revenue rose by 1.6% to €18.3 billion and organic service revenue grew by 4.8% in H1 FY25. Growth in Other Europe, Africa, and Turkey helped offset a slowdown in Germany, where the impact of the MDU TV law change was noted.

Operating Profit & Earnings

Operating profit surged by 28.3% to €2.4 billion, primarily driven by a €0.7 billion gain from the sale of an 18% stake in Indus Towers. Basic earnings per share improved to 3.92 eurocents compared to a loss per share in the previous period, while adjusted basic earnings per share increased to 4.84 eurocents.

Adjusted EBITDAaL Performance

Adjusted EBITDAaL grew organically by 3.8% to €5.4 billion, buoyed by service revenue increases and lower energy costs in Europe, though challenges persisted in Germany due to regulatory impacts.

Cash Proceeds & Capital Returns

The report noted €5.4 billion in cash proceeds and significant progress in the share buyback program, with 1.2 billion shares repurchased for €1.0 billion as part of the company’s efforts to return capital to shareholders.

Strategic Transition & Guidance

Vodafone Group PLC continues its transformation with near completion of key approval processes in the UK and Italy, ongoing investments in Germany, and enhanced B2B capabilities. The full year FY25 guidance has been reiterated, reflecting confidence in the strategic measures underway for accelerating growth into FY26.