Vodafone reported H1 FY25 service revenue growth of 4.8% to €15.1 billion, while total revenue increased 1.6% to €18.3 billion. Adjusted EBITDAaL grew 3.8% organically to €5.4 billion, supported by service revenue growth and lower energy costs in Europe. However, Germany saw a 3.9% decline in service revenue due to TV law changes and prior year price increases.The company made strategic progress with portfolio reshaping, completing the sale of Vodafone Spain for €4.1 billion and advancing regulatory approvals for UK-Three merger and Italy sale. Cost efficiency initiatives continued with 6,300 role reductions completed. The company strengthened its market position in Germany through network investments and new wholesale agreements.Management reiterated FY25 guidance for Adjusted EBITDAaL of around €11 billion and Adjusted free cash flow of at least €2.4 billion. The Board declared an interim dividend of 2.25 eurocents per share, in line with the new dividend policy. Net debt decreased to €31.8 billion, supported by disposal proceeds from Spain and tower assets.

Vodafone reported H1 FY25 service revenue growth of 4.8% to €15.1 billion, while total revenue increased 1.6% to €18.3 billion. Adjusted EBITDAaL grew 3.8% organically to €5.4 billion, supported by service revenue growth and lower energy costs in Europe. However, Germany saw a 3.9% decline in service revenue due to TV law changes and prior year price increases.The company made strategic progress with portfolio reshaping, completing the sale of Vodafone Spain for €4.1 billion and advancing regulatory approvals for UK-Three merger and Italy sale. Cost efficiency initiatives continued with 6,300 role reductions completed. The company strengthened its market position in Germany through network investments and new wholesale agreements.Management reiterated FY25 guidance for Adjusted EBITDAaL of around €11 billion and Adjusted free cash flow of at least €2.4 billion. The Board declared an interim dividend of 2.25 eurocents per share, in line with the new dividend policy. Net debt decreased to €31.8 billion, supported by disposal proceeds from Spain and tower assets.