Transformation and Restructuring Success
Vodafone has implemented a significant transformation agenda over the past two years, focusing on customers, simplicity, and growth. The company has reshaped its structure with the sale of assets in Spain and Italy, merged with Three U.K., and monetized Vantage Towers. This has reset the capital structure and strengthened the balance sheet.
Shareholder Returns
Vodafone returned €2 billion to shareholders through buybacks and €1.8 billion in dividends over the last year. A new €2 billion buyback program is underway.
Customer Experience Improvements
In the U.K. and Germany, Vodafone achieved record Net Promoter Scores (NPS) and market-leading customer satisfaction, resulting in the lowest ever levels of churn for both mobile and broadband.
Financial Guidance Achievement
Vodafone met its FY '25 group guidance for EBITDAaL and adjusted free cash flow. The company expects continued growth in FY '26, with adjusted EBITDAaL between €11 billion and €11.3 billion.
Strong Performance in the U.K.
Vodafone achieved strong EBITDA growth of 8% in the U.K. and is now the NPS leader in the market for both mobile and fixed services.
Growth in Emerging Markets
Vodafone has strong positions in Africa and Turkey, with significant growth opportunities beyond core connectivity, contributing to sustainable cash flow growth.