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olivLaw · European equity research

Vodafone Group Public Limited Company VOD.L

United Kingdom · London Stock Exchange · ISIN GB00BH4HKS39 · Vertical: Listed companies from United Kingdom

1.17GBP−2.43% · 1 dayClose 06 Nov 2026

Vodafone Group Plc is a telecommunications operator active in several countries across Europe and Africa, aiming to reach net zero in its own operations by 2028 in Europe and by 2035 in Africa. The annual report for fiscal 2026 shows that all grid electricity purchased and used globally is matched with renewable sources, and that greenhouse gas emissions have fallen by 31% since 2020.

At the close of 06 Nov 2026, Vodafone Group Public Limited Company (VOD.L) stock was 1.17 GBP (−2.43% on the day), with beta 0.26, 52-week range 0.88–1.32 GBP.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
unavailable
shares as of 31 Mar 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.02 · TTM to 31 Mar 2026
E/P (TTM)
unavailable
TTM to 31 Mar 2026
Dividend yield
unavailable
Beta (2y)
0.26
Volatility (1y) 30%
52-week range
0.881.32

Price history

Loading chart…

Technical reading

RSI (14)
42.5
weak (30–45)
Bollinger (20, 2)
1.16 – 1.22
in the lower half of the band · %B 0.16 · band width 5.2%
SMA 50 / 200
1.23 / 1.15
mixed trend
MACD (12, 26, 9)
-0.01 / -0.01
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month−8.8%−0.2%−8.6 pp—
3 months−3.3%−5.4%+2.1 pp—
6 months−1.8%+4.4%−6.2 pp—
Year to date+17.8%+6.5%+11.4 pp—
1 year+33.7%+10.0%+23.7 pp+3.7%
3 years+49.0%+48.6%+0.5 pp+24.5%
5 years+4.6%+41.4%−36.8 pp—
Max drawdown (1y)
−18.8%
11 May 2026 → 09 Jul 2026
Max drawdown (5y)
−54.9%
09 Feb 2022 → 09 Feb 2024
Compound annual growth (5y)
+0.9%
EURO STOXX 50 +7.2%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year2023202420252026
Revenue37.7 bn36.7 bn37.4 bn40.5 bn
Revenue YoYunavailable−2.5%+2.0%+8.0%
Net income11.8 bn1.1 bn-4.2 bn-397.0 m
Net income YoYunavailable−90.4%−465.7%unavailable
Diluted EPS42,620,000.000.04-0.16-0.02
Diluted EPS YoYunavailable−100.0%−479.5%unavailable
net %31.4%3.1%-11.1%-1.0%
Free cash flow13.1 bn12.3 bn11.0 bn9.4 bn

Balance sheet & financial health

Fiscal year 2026 · 31 Mar 2026

Cash
9.0 bn EUR
Financial debt
45.5 bn EUR
Net debt
36.5 bn EUR
Equity
54.4 bn EUR
Total assets
129.9 bn EUR
Debt / equity
0.84x
Current ratio
unavailable
ROE
-0.7%
ROA
-0.3%
FCF margin
23.3%

Financial statements (source on every figure)

Revenue and net income (EUR)

Margins

Income statement · EUR

Revenue
2024
36.7 bn
2025
37.4 bn
2026
40.5 bn

esef· 25 Jun 2026verified

Cost of revenue
2024
24.5 bn
2025
24.9 bn
2026
27.7 bn

esef· 25 Jun 2026verified

Gross profit
2024
12.3 bn
2025
12.5 bn
2026
12.7 bn

esef· 25 Jun 2026verified

Operating income
2024
3.7 bn
2025
-411.0 m
2026
2.8 bn

esef· 25 Jun 2026verified

Interest expense
2024
2.6 bn
2025
1.9 bn
2026
2.4 bn

esef· 25 Jun 2026verified

Pre-tax income
2024
1.6 bn
2025
-1.5 bn
2026
1.9 bn

esef· 25 Jun 2026verified

Income tax
2024
50.0 m
2025
2.2 bn
2026
1.8 bn

esef· 25 Jun 2026verified

Net income
2024
1.1 bn
2025
-4.2 bn
2026
-397.0 m

esef· 25 Jun 2026verified

Diluted EPS
2024
0.04
2025
-0.16
2026
-0.02

esef· 25 Jun 2026verified

Balance sheet · EUR

Cash
2024
6.2 bn
2025
11.0 bn
2026
9.0 bn

esef· 25 Jun 2026verified

Receivables
2024
8.6 bn
2025
9.4 bn
2026
10.6 bn

esef· 25 Jun 2026verified

Inventories
2024
568.0 m
2025
617.0 m
2026
596.0 m

esef· 25 Jun 2026verified

Property, plant & equipment, net
2024
28.5 bn
2025
30.7 bn
2026
34.2 bn

esef· 25 Jun 2026verified

Goodwill
2024
25.0 bn
2025
20.5 bn
2026
21.9 bn

esef· 25 Jun 2026verified

Intangibles (excl. goodwill)
2024
13.9 bn
2025
12.9 bn
2026
14.4 bn

esef· 25 Jun 2026verified

Total assets
2024
144.4 bn
2025
128.5 bn
2026
129.9 bn

esef· 25 Jun 2026verified

Accounts payable
2024
13.4 bn
2025
14.1 bn
2026
15.6 bn

esef· 25 Jun 2026verified

Long-term debt
2024
49.3 bn
2025
46.1 bn
2026
45.5 bn

esef· 25 Jun 2026verified

Equity
2024
61.0 bn
2025
53.9 bn
2026
54.4 bn

esef· 25 Jun 2026verified

Shares outstanding at year end
2024
27.1 bn
2025
26.2 bn
2026
24.1 bn

esef· 25 Jun 2026derived

Cash flow · EUR

Operating cash flow
2024
16.6 bn
2025
15.4 bn
2026
14.3 bn

esef· 25 Jun 2026verified

Capex
2024
4.2 bn
2025
4.3 bn
2026
4.9 bn

esef· 25 Jun 2026verified

Free cash flow
2024
12.3 bn ≈
2025
11.0 bn ≈
2026
9.4 bn ≈

esef· 25 Jun 2026derived

Investing cash flow
2024
-6.1 bn
2025
4.8 bn
2026
-4.2 bn

esef· 25 Jun 2026verified

Financing cash flow
2024
-15.9 bn
2025
-15.3 bn
2026
-11.8 bn

esef· 25 Jun 2026verified

Share repurchases
2024
0
2025
1.9 bn
2026
2.0 bn

esef· 25 Jun 2026verified

Computed indicators

Growth

Revenue growth (YoY)
8.0%
computed by olivLawFY 2026
Revenue CAGR 3Y
2.4%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
-14.7%
computed by olivLawFY 2026

Profitability

Gross margin
31.5%
computed by olivLawFY 2026
EBITDA margin
unavailable
input data missing
EBIT margin
7.0%
computed by olivLawFY 2026
Net margin
-1.0%
computed by olivLawFY 2026
FCF margin
23.3%
computed by olivLawFY 2026

Returns

ROE
-0.8%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
ROA
-0.3%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
ROIC
2.7%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
36.5 bn EUR
computed by olivLawbalance sheet at 31 Mar 2026
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.9x
computed by olivLawbalance sheet at 31 Mar 2026
Interest coverage
1.2x
computed by olivLawFY 2026

Liquidity

Current ratio
unavailable
input data missing
Quick ratio
unavailable
input data missing
Cash ratio
unavailable
input data missing

Cash

Operating cash flow
14.3 bn EUR
computed by olivLawFY 2026
Capital expenditure
4.9 bn EUR
computed by olivLawFY 2026
Free cash flow
9.4 bn EUR
computed by olivLawFY 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
90 days
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
Days inventory outstanding
8 days
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
Days payables outstanding
195 days
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
Cash conversion cycle
-97 days
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 4 of at least 6
  • score weight coverage: 31.2% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

1.17 GBP

06 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
-0.8%
computed by olivLawFY 2026 · balance sheet at 31 Mar 2026
Net margin
-1.0%
computed by olivLawFY 2026
Revenue growth (YoY)
8.0%
computed by olivLawFY 2026
Dividend yield
unavailable
input data missing

Coverage and freshness

26/37 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 31 Mar 2026
Latest balance sheet date: 31 Mar 2026
Share count (cover of the latest filing), as of: 31 Mar 2026
Source: esefpublished 25 Jun 2026
verified 109derived 4

Score by group

31% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 31.2% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Quality2.7%17 (vs peers)33%
Net margin · Quality-1.0%26 (vs peers)20%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth2.4%20 (on a fixed band)27%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet1.2x0 (on a fixed band)20%
Current ratio · Balance sheetunavailableunavailable—
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial0/100 · 1/3 factors with a value
  • Growth· partial20/100 · 1/2 factors with a value
  • Quality20/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

VODAFONE GROUP PUBLIC LIMITED COMPANY (VOD.L). Latest full fiscal year: 2026; data up to 2026-03-31.

Figures computed from the financial statements: revenue 40.5 bn EUR in 2026; YoY growth 8.0%; net margin -1.0%; ROE -0.8%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 31.2% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

What contradicts it

  • ROIC: 2.7%
  • Net margin: -1.0%
  • Revenue CAGR 3Y: 2.4%
  • Interest coverage: 1.2x

Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Listed companies from United Kingdom · same country · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 15.1x
EV/EBITDA
—
vertical median —
P/S
—
vertical median 1.5x
P/B
—
vertical median 2.1x
ROE
-0.8%
vertical median 14.4%
below median (−105.3%)
Net margin
-1.0%
vertical median 10.8%
below median (−109.1%)
EBIT margin
7.0%
vertical median 22.9%
below median (−69.4%)
Revenue YoY
8.0%
vertical median 7.9%
at median
Net debt/EBITDA
—
vertical median —
Dividend yield
—
vertical median 2.9%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
BATS.LBritish American Tobacco P.L.C.101.0 bn13.116.5%30.3%−1.0%+3% / +82%
ABF.LAssociated British Foods PLC14.4 bn14.19.2%5.3%−3.1%−7% / −16%
0EV1.LCarnival PLC5.6 bn4.246.7%13.4%+6.4%unavailable / unavailable
BAB.LBabcock International Group PLC5.0 bn24.434.7%4.1%+7.2%−11% / +155%
AUTO.LAutotrader Group PLC4.8 bn16.360.2%47.1%+3.9%−13% / −23%
BBY.LBalfour Beatty PLC4.3 bn16.423.2%2.8%+15.2%+21% / +162%
ABDN.LAberdeen Group PLC4.0 bn10.68.0%28.9%−2.1%+8% / +37%
BKG.LThe Berkeley Group Holdings PLC3.5 bn11.18.8%13.4%−4.2%−2% / −24%
BME.LB&M European Value Retail PLC2.8 bn17.221.2%2.8%+3.7%+66% / −51%
AJB.LAj Bell PLC2.4 bn22.649.9%33.1%+18.0%+7% / +126%
ASHM.LAshmore Group PLC1.4 bn13.713.1%71.6%−0.1%+27% / +16%
BCG.LBaltic Classifieds Group PLC1.2 bn23.215.8%57.6%+6.9%−99% / −99%
APN.LApplied Nutrition PLC757.3 m35.941.2%19.7%+24.2%+70% / unavailable
BAG.LA.G. Barr P.L.C.660.8 m14.214.4%10.8%+4.0%−9% / +24%
ASC.LAsos PLC496.9 m—-81.3%-12.0%−14.7%+72% / +9%
ALFA.LAlfa Financial Software Holdings PLC480.3 m16.061.5%23.8%+15.3%−29% / +8%
AML.LAston Martin Lagonda Global Holdings PLC341.3 m—-93.4%-39.2%−20.6%−46% / −85%
APTD.LAptitude Software Group PLC112.5 m28.77.2%6.2%−7.3%−30% / −23%
AMGO.LAmigo Holdings PLC10.3 m———−81.9%+340% / +878%
ASBE.LAssociated British Engineering PLC605.3 k—-19.1%—unavailableunavailable / unavailable
AMIF.LAmicorp Fs (uk) PLC221.6 k0.127.5%9.1%+8.1%unavailable / unavailable
AAF.LAirtel Africa PLC——24.1%10.6%+29.5%−11% / +154%
AAL.LAnglo American PLC——-19.3%-20.2%+4.5%+30% / +76%
ACG.LAcg Metals Limited——-80.3%-32.0%+134.8%+61% / +64%
AEP.LAnglo-Eastern Plantations PLC——16.1%19.5%+25.0%+4% / +111%

1- and 3-year price returns: for VOD.L from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Vodafone Group Plc is a telecommunications operator active in several countries across Europe and Africa, aiming to reach net zero in its own operations by 2028 in Europe and by 2035 in Africa. The annual report for fiscal 2026 shows that all grid electricity purchased and used globally is matched with renewable sources, and that greenhouse gas emissions have fallen by 31% since 2020 1.

SWOT

Strengths

  • The group has clear climate commitments, with interim targets and measurable progress reported for fiscal 2026 1.
  • Renewable energy purchasing fully covers grid electricity use globally, which strengthens environmental credibility 1.
  • Vodafone Germany's experience in reaching operational net zero offers a model that could be replicated in other markets 1.

Weaknesses

  • Scope 1 emissions in Africa remain hard to reduce because of reliance on diesel generators and weak energy infrastructure 1.
  • Most group emissions fall within Scope 3, which the company influences only indirectly through suppliers and customers 1.
  • Some markets lack access to renewable energy certificates, which limits corporate buyers' ability to signal demand 1.

Opportunities

  • Wider use of artificial intelligence in energy management could reduce network consumption if the systems are deployed at scale 1.
  • Grid-connected battery storage projects could provide grid balancing services if the pilot tests are confirmed 1.
  • An energy-as-a-service model could speed up the installation of renewable energy in Africa without large upfront investment 1.

Threats

  • Lack of stable energy infrastructure in Africa could delay reaching the 2035 net zero target 1.
  • Growing environmental reporting requirements could raise compliance costs if data is not consistent enough 1.
  • Reliance on external suppliers to cut Scope 3 emissions could slow progress if they do not meet their plans 1.

Risks

  • Delay in meeting climate targets in Africahigh

    If reducing emissions from diesel generators and weak grids is delayed, net zero targets in Africa could be reached later than planned 1.

  • Dependence on renewable certificatesmedium

    In markets without renewable energy certificates, covering consumption with green sources could become harder, which could affect the credibility of commitments 1.

  • Emissions in the value chainmedium

    Because most emissions fall within Scope 3, progress depends on suppliers and customers, and any delays on their side could affect results 1.

  • Compliance and reporting costslow

    Preparing for new sustainability reporting requirements could involve additional systems and data costs over several years 1.

  • Restatement of emissions after mergerslow

    Reconciling emissions after the merger of Three UK and Vodafone UK led to a re-baselining of reference data, which could complicate comparison with earlier periods 1.

Investment thesis

What would need to be true (bull case)

  • If progress in renewable energy and energy efficiency continues, the group could reach ambitious climate targets and strengthen the confidence of corporate customers.
  • Experience gained in Germany could be applied in other European markets, reducing transition costs if the model proves effective.
  • Artificial intelligence applied to energy could generate savings on a large scale if monitoring tools are extended across all countries.

What would break the thesis

  • If energy infrastructure in Africa remains weak, emissions reductions could stay slow and costly, which could affect long-term objectives.
  • Reliance on suppliers for most emissions could limit the group's control over climate outcomes, especially if partners do not follow their plans.
  • The lack of renewable energy certificates in some countries could reduce the value of green purchasing commitments if alternatives do not develop quickly.

What to watch

  • Progress toward net zero in African operations by 20352027
  • Trend in Scope 3 emissions and supplier commitmentsnext annual report
  • Results of grid-connected battery storage pilot projects2027
  • Share of electric vehicles in the European fleetnext annual report

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

The group operates as a provider of mobile and fixed communications services, and its activity depends on networks it maintains, modernises and expands. According to the fiscal 2026 annual report, the group uses grid electricity fully covered by renewable certificates and purchase agreements 1. The company seeks to reduce network energy use through more efficient technology and through artificial intelligence applied to energy management 1.

Group emissions are dominated by the Scope 3 category, which covers purchased goods and services, customer use of products and activities financed through investments, reflecting its service-provider business model 1. The purchasing policy now includes climate criteria, and supplier contracts contain carbon reduction clauses 1.

The report notes that in Africa the energy system is still developing, so diesel generators remain important for critical sites; the group is working to replace them with renewable energy, including through an energy-as-a-service model 1.

Segments

European operations

In Europe, the group targets net zero for its own operations by 2028, focusing on energy optimisation and fleet electrification. About a quarter of vehicles purchased or ordered in the European fleet are now electric, according to the fiscal 2026 report 1.

African operations

In Africa, the priority is phasing out fossil fuels from the group's own operations and the power grids it uses, with a net zero target for 2035. The report shows that weak grid infrastructure and reliance on diesel generators limit progress on Scope 1 reductions 1.

German market

Vodafone Germany announced it reached net zero emissions from its own operations in June 2025, after cutting Scope 1 and 2 emissions by 93% since 2020 and neutralising the remainder through carbon dioxide removal projects 1.

Market context

The telecommunications market in Europe and Africa is shaped by the maturity of energy systems, the availability of renewable energy certificates and environmental reporting requirements. The report notes that in Mozambique, Lesotho, Tanzania, Romania and Albania, renewable energy certificates are not available to corporate buyers 1.

The group considers that markets with more mature energy systems offer easier access to renewable energy, while African markets require partnerships and financing models without large upfront investment 1. Total energy use rose to 5,967 GWh in fiscal 2026 1.

Trends

  • Energy efficiency through artificial intelligencetailwind

    The group uses artificial intelligence to optimise energy use and detect anomalies, which could lower energy costs if the models are scaled widely 1.

  • Environmental reporting requirementsmixed

    Preparing for compliance with corporate sustainability reporting rules could bring additional data and system costs, but also a clearer framework for investors and customers 1.

  • Renewable energy and storagetailwind

    Pilot projects with grid-connected batteries in the Czech Republic and the United Kingdom are testing how they can support grid balancing, which could open new revenue sources if the technology proves viable 1.

  • Reliance on diesel generatorsheadwind

    The lack of stable grids in Africa keeps diesel generators necessary, which could slow progress toward emissions targets if alternatives do not develop 1.

Competitive position

The annual report does not explicitly name competitors in the supplied sources, so the competitive analysis remains limited to the operational context the company describes. A comparison with other operators would require additional data from their own reports.

The group's differentiation rests on its environmental commitments, fleet electrification and renewable energy projects, elements corporate customers may weigh when choosing a provider 1.

  • No competitors named in the source

    The supplied annual report does not name competitors, so no rival firms are presented.

  • Other European telecommunications operators

    European telecom operators compete in the same markets, but the reviewed source gives no information about them.

  • African telecommunications operators

    Other providers may be active in African markets, but the report does not describe them, so the comparison remains unconfirmed.

  • Renewable energy providers

    Energy suppliers offering certificates or purchase agreements are partners, and also actors in the decarbonisation of the sector.

News & filings

In the press

Annual reports (ESEF)

Sources

  1. [1] Annual report, fiscal year ended 2026-03-31 (ESEF) · SEC / Vodafone Group Public Limited Company · 31 Mar 2026

Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.