FY25–26 In-depth: familiar bumps on Vodafone’s road to recovery

Joe Purnell2026-05-19T14:34:00

Source: Vodafone

Group’s headline numbers look healthy with most metrics moving in the right direction, but underlying challenge remains in Germany and promise of hope from Africa yet to fully materialise. UK benefits from merger bulk-up but scale is no guarantee of market share…

This article includes:

Themes: Free cash flow; Market consolidation; Revenue growth; Telecommunications turnaround; Value creation.
Events: Vodafone and Vodacom FY25–26 earnings.
People: Margherita Della Valle; Raisibe Morathi; Shameel Joosub.
Geographic: Africa; Europe; Germany; United Kingdom (UK).
Organisations: Vodafone; VodafoneThree; Vodacom; Vantage Towers.

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