Vodafone Reports Strong Financial Growth in Q1 2025/26
Vodafone announced a significant 5.5% increase in service revenue during the first quarter of 2025/26, surpassing expectations despite challenges in Germany and the UK market. The company highlighted positive outcomes in Europe and Africa, with emphasized business sales.
In Germany, Vodafone experienced stability with improved wholesale and business sales, countering the impact of bulk TV agreements. However, the UK market faced slower growth attributed to contract churn and the integration with Three.
The financial results showcase a 5.5% rise in group service revenue to €7.86 billion, exceeding forecasts and reflecting market fluctuations in Germany and the UK. Despite these regional variations, the outlook for Vodafone remains steady with anticipated full-year profits between €11.3 and €11.6 billion.
Notably, Vodafone’s total revenue increased by 3.9% to €9.4 billion in the first quarter, accompanied by a 4.9% rise in adjusted EBITDA to €2.7 billion. The company’s performance was mainly driven by successful wholesale and business sales strategies in Germany.
In the UK, Vodafone experienced a modest increase in mobile service revenue, with growth in fixed services and new customer acquisitions. However, business revenue saw a decline due to managed services contract terminations, offset by strong demand for connectivity and digital services.
