Revenue disaggregation and segmental analysis (Tables)

12 Months Ended

Mar. 31, 2026

Revenue disaggregation and segmental analysis

Schedule of revenue disaggregation



31 March 2026		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			10,874				890				11,764				346				23				12,133				4,243

UK			7,597				1,486				9,083				43				66				9,192				1,881

Other Europe			4,888				707				5,595				91				28				5,714				1,574

Türkiye			2,826				526				3,352				8				71				3,431				983

Africa			6,653				1,157				7,810				522				33				8,365				2,834

Common Functions 2			763				41				804				1,020				1				1,825				(164	)

Eliminations			(121	)			–				(121	)			(78	)			–				(199	)			–

Group			33,480				4,807				38,287				1,952				222				40,461				11,351



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

Notes:

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

2.	Comprises corporate functions and shared operations.

The table below presents Revenue and Adjusted EBITDAaL for the comparative year ended 31 March 2024.



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 under IFRS 16 ‘Leases’ (see note 20 ‘Leases’).

2.	Comprises corporate functions an d shared operations.

Schedule of reconciliation of adjusted EBITDA to operating profit



		2026 €m				2025 € m				2024 € m
Adjusted EBITDAaL			11,351				10,932				11,019

Restructuring costs 1			(370	)			(164	)			(703	)

Interest on lease liabilities			615				488				440

Gain/(loss) on disposal of property, plant and equipment and intangible assets			199				(25	)			(34	)

Depreciation and amortisation on owned assets			(8,481	)			(7,569	)			(7,397	)

Share of results of equity accounted associates and joint ventures			(382	)			(123	)			(96	)

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

Other (expense)/income			(88	)			565				372

Operating profit/(loss)			2,844				(411	)			3,665

Investment income			1,395				864				581

Financing costs			(2,375	)			(1,931	)			(2,626	)

Profit/(loss) before taxation			1,864				(1,478	)			1,620

Note:

1.	Restructuring costs includes € 299 million relating to depreciation on leased assets. See page 230 for more information.

Schedule of segmental assets and cash flow



31 March 2026		Non-current assets 1 € m				Capital additions 2 € m				Right-of-use asset additions € m				Other additions intangible assets 3 € m				Depreciation and amortisation € m				Impairment charge 4 € m

Germany			36,746				2,496				953				175				4,556			–

UK			13,953				1,549				1,113				38				3,274			–

Other Europe			7,451				892				702				47				1,531			–

Türkiye			2,781				540				219				514				795			–

Africa			7,344				1,185				496				309				1,209			–

Common Functions 5			2,195				838				362				1				1,089			–

Group			70,470				7,500				3,845				1,084				12,454			–



31 March 2025		Non-current assets 1 € m				Capital additions 2 € m				Right-of-use asset additions € m				Other additions 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 5			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 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 5			1,972				782				203				–				970			–

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

5.	Comprises corporate functions and shared operations.