British mobile operator Vodafone Group reported a pre-tax profit in fiscal year 2026, compared to a loss a year earlier, with revenue increasing by 8%.
According to the company’s statement, pre-tax profit for the fiscal year ended March 31 was €1.86 billion, compared to a loss of €1.48 billion a year earlier, when it wrote down the value of assets in Germany and Romania by €4.5 billion.
Adjusted earnings before interest, taxes, depreciation, and amortization, including lease payments (EBITDAaL), rose 4% last year to €11.35 billion. Organic growth was 4.5%.
Vodafone’s annual revenue rose to €40.46 billion from €37.45 billion a year earlier.
Organic growth in service revenue—a key performance indicator for Vodafone—was 5.4%, with increases recorded in all regions except Germany (-0.2%). In the rest of Europe and Turkey, service revenue increased by 0.5% on an organic basis, in the UK by 0.3%, and in Africa by 12.9%.
The consensus forecast of analysts, compiled by Vodafone itself, projected annual revenue of €40.42 billion and adjusted EBITDAaL of €11.48 billion.
The company forecasts that in fiscal 2027, adjusted EBITDAaL will be €11.9–12.2 billion, and free cash flow excluding one-time items will be €2.6–2.9 billion.
In total, the company returned €3.1 billion to shareholders in the past fiscal year.
Vodafone shares are down 3.5% during Tuesday’s trading. Since the start of this year, their value has risen by 17.5%.
