Vodafone announce an interim dividend per share of 2.25 eurocents (H1 FY25: 2.25 eurocents). The ex-dividend date for the interim dividend is 20 November 2025 for ordinary shareholders and 21 November 2025 for ADR holders, the record date is 21 November 2025 and the dividend is payable on 5 February 2026. Total capital returned to shareholders so far in FY26 totalled €1.5 billion.
Other financial highlights include:
- Total revenue: Increased by 7.3% to €19.6 billion in H1 (H1 FY25: €18.3 billion) due to strong service revenue growth and the consolidation of Three UK, partially offset by adverse foreign exchange movements.
- Service revenue: On a reported basis grew by 8.1% to €16.3 billion in H1 (H1 FY25: €15.1 billion) and increased by 5.7% on an organic basis.
- Germany: Returned to growth in Q2 (+0.5%), supported by the end of the TV law change impact and higher wholesale revenue.
- UK: +1.2% organic growth in Q2, strong commercial momentum and fast start on VodafoneThree integration.
- Africa: Maintaining double-digit organic service revenue growth (Q2: 13.5%), supported by above-inflation growth in Egypt and Vodacom's international markets, with strong demand for data and financial services.
- Business: +2.9% organic growth in Q2, with strong demand for digital services.
- Adjusted EBITDAaL: On a reported basis increased by 5.9% to €5.7 billion (H1 FY25: €5.4 billion), and by 6.8% on an organic basis, as service revenue growth in most markets was partially offset by the final impact of the TV law change in Germany and continued commercial investment.
- Operating profit: On a reported basis decreased by 9.2% to €2.2 billion in H1 (H1 FY25: €2.4 billion), with Adjusted EBITDAaL growth offset by higher depreciation and amortisation following the consolidation of Three UK, and lower other income.
- Shareholder returns: €3.0 billion of share buybacks now complete (since May 2024), further €1.0 billion remaining. Next €500 million tranche commences today.
- FY26 guidance1: They now expect to deliver the upper end of their guidance ranges: Adjusted EBITDAaL of €11.3-11.6 billion and Adjusted free cash flow of €2.4-2.6 billion.
