Vodafone FY revenues up 8pc following Three UK tie‑up

(Sharecast News) - Telecommunications giant Vodafone posted a solid set of full year results on Tuesday, with revenue and earnings both improving as the consolidation of Three UK and continued service‑revenue momentum underpinned performance.

Vodafone said total revenues rose 8% in FY26 to €40.5bn, supported by an 8.8% increase in service revenue to €33.5bn and contributions from the Three UK deal.

The FTSE 100-listed group highlighted that it had delivered top‑line growth in Germany and reported a strong performances across Africa and Türkiye, with organic service revenues up 5.4% globally.

Adjusted underlying earnings increased 4.5% on an organic basis to €11.4bn after leases, while operating profits of €2.8bn were a marked improvement on the prior year's €400m loss.

Vodafone also highlighted that shareholder returns had strengthened, with its total dividend per share rising 2.5% to 4.6125 eurocents and the completion of a €2bn share buyback.

Looking ahead, Vodafone said it remains confident in its medium‑term ambition to deliver double‑digit growth in adjusted free cash flow.

Chief executive Margherita Della Valle said: "Our strategic progress has generated good group service revenue momentum for the year, together with profit and cash flow at the upper end of our guidance range. We returned to top line growth in Germany, alongside strong performances across Africa and in Türkiye.

"Looking ahead, we will continue to drive continuous improvements across our business, with customer experience as our number one priority. We are now well set for mid-term growth."

As of 0815 BST, Vodafone shares were down 3.57% at 116.10p.

Reporting by Iain Gilbert at Sharecast.com

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