v3.26.1
Discontinued operations and assets held for sale (Tables)
 12 Months Ended
Mar. 31, 2026
Discontinued operations and assets held for sale  
Schedule of income statement of discontinued operations
     
    2026
1
 
€m 
  
    2025 
€
m 
  
    2024 
€
m 
(Loss)/profit for the financial year - Discontinued operations
       
Vodafone Spain
      (25 )      53       (5 ) 
Vodafone Italy
      (83 )      (75 )      (60 ) 
Total
   
 
(108
) 
  
 
(22
) 
  
 
(65
) 
    
 
 
 
                
 
Loss per share - Discontinued operations
       
Basic
      (0.45)c       (0.08)c       (0.24)c  
Diluted
      (0.45)c       (0.08)c       (0.24)c  
Summary of segment analysis of discontinued operations
          
    2026
€m
     
    2025 
€
m 
  
    2024 
€
m 
Revenue
     
 
– 
 
   
 
603
 
  
 
3,773
 
Cost of sales
          –         (321 )      (2,593 ) 
Gross profit
     
 
– 
 
   
 
282
 
  
 
1,180
 
Selling and distribution expenses
        –         (27 )      (259 ) 
Administrative expenses
        –         (34 )      (435 ) 
Net credit losses on financial assets
          –         (15 )      (120 ) 
Operating profit
     
 
– 
 
   
 
206
 
  
 
366
 
Investment income
        –         3       29  
Financing costs
          –         (8 )      (56 ) 
Profit before taxation
     
 
– 
 
   
 
201
 
  
 
339
 
Income tax credit
          –         –       1  
Profit after tax of discontinued operations
       
 
– 
 
   
 
201
 
  
 
340
 
                               
After tax loss on the
re-measurement
of disposal group
       
 
– 
 
   
 
–
 
  
 
(345
) 
                               
Loss on sale of disposal group
       
 
(25)
 
   
 
(148
) 
  
 
–
 
                               
(Loss)/profit for the financial year from discontinued operations
       
 
(25)
 
   
 
53
 
  
 
(5
) 
                               
Total comprehensive (expense)/income for the financial year from discontinued operations
          
Attributable to owners of the parent
          (25)        53       (5 ) 
Vodafone Italy
The disposal of Vodafone Italy completed in the comparative period on 31 December 2024. The results of discontinued operations in Italy are detailed below.
     
    2026
€m
     
    2025 
€
m 
  
    2024 
€
m 
Revenue
   
 
– 
 
   
 
3,356
 
  
 
4,579
 
Cost of sales
      –         (1,293 )      (3,438 ) 
Gross profit
   
 
– 
 
   
 
2,063
 
  
 
1,141
 
Selling and distribution expenses
      –         (160 )      (244 ) 
Administrative expenses
      –         (356 )      (760 ) 
Net credit losses on financial assets
      –         (36 )      (51 ) 
Operating profit
   
 
– 
 
   
 
1,511
 
  
 
86
 
Financing costs
      –         (66 )      (86 ) 
Profit before taxation
   
 
– 
 
   
 
1,445
 
  
 
–
 
Income tax (expense)/credit
      –         (387 )      23  
Profit after tax of discontinued operations
   
 
– 
 
   
 
1,058
 
  
 
23
 
                           
After tax loss on the
re-measurement
of disposal group
   
 
– 
 
   
 
–
 
  
 
(83
) 
                           
Loss on sale of disposal group
   
 
(83)
 
   
 
(1,133
) 
  
 
–
 
                           
Loss for the financial year from discontinued operations
   
 
(83)
 
   
 
(75
) 
  
 
(60
) 
                           
Total comprehensive expense for the financial year from discontinued operations
        
Attributable to owners of the parent
      (83)        (72 )      (71 ) 
Schedule of net assets and liabilities held for sale
 
     
  31 March 
2026 
€m 
   
   31 March 
2025 
€m 
  
Non-current
assets
      
Investments in associates and joint ventures
   
 
174
 
      –   
    
 
174
 
   
 
–