Key Points – Vodafone posted FY26 results at the upper end of guidance, with group service revenue up 5.1% in Q4, adjusted EBITDA up 4.5% organically for the full year, and adjusted free cash flow reaching €2.6 billion.
The company also raised its full-year dividend by 2.5% and expects continued EBITDA and free cash flow growth in FY27. – Germany remains the main weak spot, as management expects another year of pressure from TV losses, mobile pricing resets and a still-negative retail service revenue trend
Even so, Vodafone said it is seeing progress in business services, broadband, customer satisfaction and digital offerings like cloud, security and AI. – The U.K. integration and Africa growth are key drivers of the outlook, with VodafoneThree delivering early network and customer gains and FY27 set to bring meaningful cost and capex synergies. Africa also delivered its strongest service revenue growth in nearly two decades, supporting Vodafone’s midterm goal of double-digit organic free cash flow growth. – AST SpaceMobile Gets FCC Green Light for Direct-to-Device Service After Launch Setback Vodafone Group (NASDAQ:VOD) said it is entering “a new chapter” as a simpler and stronger business after a three-year transformation spanning its portfolio, capital structure and operating model, while management pointed to continued growth in fiscal 2027 and beyond. Group Chief Executive Margherita Della Valle told analysts that Vodafone achieved results at the upper end of expectations for FY26.
She said group service revenue growth remained strong in the fourth quarter at 5.1%, with growth across both Europe and Africa. Adjusted EBITDA grew 4.5% organically for the full year, in line with the upper end of guidance, and adjusted free cash flow reached 2.6 billion euros. – AST SpaceMobile Reports Big Revenue Beat as It Continues to Scale Following the company’s announcement of a progressive dividend policy, Vodafone increased its full-year FY26 dividend by 2.5%. For FY27,…