Revenue disaggregation and segmental analysis (Tables)

12 Months Ended

Mar. 31, 2025

Revenue disaggregation and segmental analysis

Schedule of revenue disaggregation



31 March 2025		Service revenue € m				Equipment revenue € m				Revenue from contracts with customers € m				Other revenue 1 € m				Interest revenue € m				Total segment revenue € m				Adjusted EBITDAaL € m

Germany			10,876				942				11,818				345				17				12,180				4,384

UK			5,887				1,109				6,996				14				59				7,069				1,558

Other Europe			4,805				761				5,566				108				20				5,694				1,510

Türkiye			2,484				595				3,079				7				–				3,086				842

Africa			6,172				1,113				7,285				472				34				7,791				2,593

Common Functions 2			663				57				720				1,097				–				1,817				45

Eliminations			(129	)			–				(129	)			(60	)			–				(189	)			–

Group			30,758				4,577				35,335				1,983				130				37,448				10,932



31 March 2024		Service revenue € m				Equipment revenue € m				Revenue from contracts with customers € m				Other revenue 1 € m				Interest revenue € m				Total segment revenue € m				Adjusted EBITDAaL € m

Germany			11,453				1,132				12,585				357				15				12,957				5,017

UK			5,631				1,111				6,742				54				41				6,837				1,408

Other Europe			4,722				665				5,387				102				15				5,504				1,516

Türkiye			1,746				609				2,355				7				–				2,362				510

Africa			5,951				1,030				6,981				409				30				7,420				2,539

Common Functions 2			559				49				608				1,256				–				1,864				29

Eliminations			(150	)			(1	)			(151	)			(76	)			–				(227	)			–

Group			29,912				4,595				34,507				2,109				101				36,717				11,019

Notes:

1.	Other revenue includes lease revenue recognised un d er IFRS 16 ‘Leases’ (see note 20 ‘Leases’).

2.	Comprises central teams and business functions.



31 March 2023		Service revenue € m				Equipment revenue € m				Revenue from contracts with customers € m				Other revenue 1 € m				Interest revenue € m				Total segment revenue € m				Adjusted EBITDAaL € m

Germany			11,433				1,313				12,746				350				17				13,113				5,323

UK			5,358				1,375				6,733				58				33				6,824				1,350

Other Europe 2			5,005				602				5,607				117				20				5,744				1,632

Türkiye 3			1,593				475				2,068				4				–				2,072				424

Africa			6,556				1,089				7,645				403				28				8,076				2,880

Vantage Towers			–				–				–				1,338				–				1,338				795

Common Functions 4			530				47				577				1,191				–				1,768				20

Eliminations			(157	)			(1	)			(158	)			(1,105	)			–				(1,263	)			–

Group			30,318				4,900				35,218				2,356				98				37,672				12,424

Notes:

1.	Other revenue includes lease revenue recog ni sed under IFRS 16 ‘Le ase s’ (see note 20 ‘Leases’).

2.	Includes the results of Vodafone Hungary which, as previously r epor ted, was sold in January 2023.

3.	Includes the results of Vodafone Ghana which, as previously reported, was sold in February 2023.

4.	Comprises central teams and business functions.

Schedule of reconciliation of adjusted EBITDA to operating profit



		2025 €m				2024 € m				2023 € m
Adjusted EBITDAaL			10,932				11,019				12,424

Restructuring costs			(164	)			(703	)			(538	)

Interest on lease liabilities			488				440				355

Loss on disposal of property, plant and equipment and intangible assets			(25	)			(34	)			(41	)

Depreciation and amortisation on owned assets			(7,569	)			(7,397	)			(7,520	)

Share of results of equity accounted associates and joint ventures			(123	)			(96	)			433

Impairment (charge)/reversal			(4,515	)			64				(64	)

Other income			565				372				9,402

Operating (loss)/profit			(411	)			3,665				14,451

Investment income			864				581				232

Finance costs			(1,931	)			(2,626	)			(1,609	)

(Loss)/profit before taxation			(1,478	)			1,620				13,074

Schedule of segmental assets and cash flow



31 March 2025		Non-current assets 1 € m				Capital additions 2 € m				Right-of-use asset additions € m				Other additions to intangible assets 3 € m				Depreciation and amortisation € m				Impairment charge 4 € m

Germany			37,621				2,482				1,127				–				4,536			4,350

UK			7,904				926				2,157				48				1,908			–

Other Europe			7,304				857				474				26				1,472			165

Türkiye			2,059				447				187				–				681			–

Africa			6,981				1,039				499				162				1,129			–

Common Functions			2,281				1,142				212				–				1,078			–

Group			64,150				6,893				4,656				236				10,804			4,515



31 March 2024		Non-current assets 1 € m				Capital additions 2 € m				Right-of-use asset additions € m				Other additions to intangible assets 3 € m				Depreciation and amortisation € m				Impairment reversal 4 € m

Germany			42,931				2,565				1,045				–				4,543			–

UK			6,863				878				957				–				1,733			–

Other Europe			7,564				862				442				–				1,447			–

Türkiye			1,644				320				160				120				537			(64)

Africa			6,377				1,005				296				163				1,184			–

Common Functions			1,972				782				203				–				970			–

Group			67,351				6,412				3,103				283				10,414			(64)



31 March 2023		Non-current assets 1 € m				Capital additions 2 € m				Right-of-use asset additions € m				Other additions to intangible assets 3 € m				Depreciation and amortisation € m				Impairment charge 4 € m

Germany			43,878				2,701				2,145				2				4,154			–

Italy			10,235				833				916				5				–			–

UK			6,629				892				1,639				–				1,562			–

Spain			6,331				565				742				8				–			–

Other Europe			7,815				927				1,104				151				1,363			–

Türkiye			1,502				235				150				9				546			64

Africa			6,796				1,122				246				264				1,311			–

Vantage Towers			–				551				318				–				326			–

Common Functions			2,013				839				127				–				993			–

Group			85,199				8,665				7,387				439				10,255			64

Notes:

1.	Comprises goodwill, other intangible assets and property, plant and equipment.

2.	Includes additions to: (i) property, plant and equipment (excluding right-of-use assets) and (ii) computer software, development costs and identifiable wavelengths, reported within Intangible assets.

3.	Includes additions to licences and spectrum and customer base acquisitions.

4.	See note 4 ‘Impairment losses’ for more information.