- Vodafone‘s revenue for the first half of the year was EUR 19.61 billion, closely meeting the estimate of EUR 19.62 billion.
- Adjusted EBITDA after leases was higher than expected, at EUR 5.73 billion compared to the estimated EUR 5.65 billion.
- Germany contributed significantly with an adjusted EBITDA after leases of EUR 2.19 billion, surpassing the estimated EUR 2.15 billion.
- Vodafone‘s operating profit stood at EUR 2.16 billion, with a pretax profit of EUR 2.11 billion, significantly exceeding the estimate of EUR 1.56 billion.
- The company’s net income was slightly below expectations, at EUR 829 million against an estimated EUR 837.5 million.
- Adjusted earnings per share were reported at EUR 0.0692, outperforming the estimated EUR 0.05 per share.
- A negative adjusted free cash flow of EUR 583 million was recorded.
- An interim dividend per share of EUR 0.0225 was announced.
- Vodafone‘s net debt stood at EUR 25.94 billion, lower than the estimated EUR 27.19 billion.
- Service revenue for the second quarter was EUR 8.47 billion, surpassing the estimated EUR 8.26 billion.
- In the UK, service revenue was notably higher at EUR 2.02 billion, compared to an estimate of EUR 1.78 billion.
- Germany’s service revenue slightly exceeded expectations, reaching EUR 2.74 billion.
- Africa’s service revenue was EUR 1.63 billion, narrowly missing the estimated EUR 1.65 billion.
- UK organic service revenue grew by 1.2%, exceeding the estimated 1.58% growth.
- Africa’s organic service revenue saw a remarkable increase of 13.5%, surpassing the expected 12.1% growth.
- Vodafone has revised its guidance for FY26, expecting to reach the upper end of its adjusted EBITDAaL range of β¬11.3-11.6 billion and adjusted free cash flow of β¬2.4-2.6 billion.
- The company plans to increase the FY26 dividend per share by 2.5%.
- Market analysts have offered mixed opinions on Vodafone, with 6 recommending a buy, 9 suggesting holds, and 7 advising to sell.
Vodafone on Smartkarma
On Smartkarma, independent analysts are closely covering Vodafone, the global telecommunications giant. One of the latest reports by Ξ±SK titled “Primer: Vodafone (VOD LN) – Sep 2025″ highlights Vodafone‘s strategic shift towards focusing on key European and African markets by divesting non-core assets. The report emphasizes the importance of driving organic growth in regions like Germany and leveraging the company’s strengths in enterprise and IoT segments. Despite facing challenges such as intense competition, regulatory pressures, and high capital expenditure for 5G rollouts, Vodafone‘s strong global network, brand recognition, and expansion in digital services showcase a promising foundation for future growth. The report also notes that Vodafone‘s updated strategy aims to enhance operational performance and shareholder returns, but successful execution remains a critical factor to monitor.
A look at Vodafone Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, Vodafone Group PLC seems to have a promising long-term outlook. With a top score of 5 in Value, the company is perceived as offering good value to investors. This is complemented by a solid score of 4 in Dividend, indicating a reliable dividend payment history. Despite lower scores in Growth and Resilience at 2 each, Vodafone shows potential for growth and a level of stability in uncertain times. The momentum score of 4 suggests that the company is gaining traction in the market.
Vodafone Group PLC, a prominent mobile telecommunications company operating globally, is well-positioned to navigate through various markets. Offering voice and data communications services across continents, including Europe, the UK, the US, and Asia Pacific, the company has established its presence in key regions. With competitive scores across different factors, Vodafone‘s strategic positioning and diverse portfolio indicate a robust foundation for long-term success in the telecommunications industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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