Vodafone Group Public Limited Company filed a Form 6-K with the SEC on November 10, 2026, containing its H1 FY27 results announcement, which reported organic Adjusted EBITDAaL growth of 6.4% and an upgrade to full-year profit and free cash flow guidance.

Key Highlights

  • Total revenue rose 11.4% to €21.9 billion in H1 FY27, compared with €19.6 billion in H1 FY26, according to the filing.
  • Organic service revenue grew 5.8%, with reported service revenue increasing 12.8% to €18.4 billion (H1 FY26: €16.3 billion).
  • Adjusted EBITDAaL increased 12.6% to €6.5 billion (H1 FY26: €5.7 billion), with an organic margin of 29.5%, up 0.5 percentage points on an organic basis.
  • A net loss of €3.6 billion was reported for the period, compared with a profit of €1.1 billion in H1 FY26, driven by non-cash charges including a Germany impairment and a UK deferred tax asset write-down.
  • Interim dividend per share increased 2.5% year-on-year to 2.306 eurocents (H1 FY26: 2.25 eurocents).
  • FY27 guidance upgraded to Adjusted EBITDAaL of €13.2-13.4 billion and Adjusted free cash flow of €2.8-3.0 billion, implying organic growth of 7% and 21% respectively at the mid-points.
  • Approximately 3,000 role reductions and over €0.2 billion gross savings were delivered in Europe and shared operations in H1.

Vodafone H1 FY27 Financial and Operational Results

Vodafone Group (NASDAQ:VOD) disclosed its H1 FY27 results via a Form 6-K dated November 10, 2026. According to the filing, total revenue increased 11.4% to €21.9 billion, driven by strong service revenue growth and the consolidation of Safaricom, VodafoneThree, and Telekom Romania, partially offset by adverse foreign exchange movements. Organic service revenue growth of 5.8% was reported across all segments, with Africa accelerating to 13.4% organic growth and Vodafone Business delivering its "best-ever growth" of 6.6% in Q2.

The filing reported a loss of €3.6 billion for the period, compared with a profit of €1.1 billion in H1 FY26. The company attributed this to "non-cash accounting charges including an impairment in Germany, primarily driven by adverse changes in interest rates, and a write-down of deferred tax assets in the UK following the buyout of CK Hutchison Group Telecom Holding Limited from VodafoneThree," partially offset by a non-cash accounting gain from the Safaricom transaction. Germany's organic service revenue grew only 0.4%, reflecting higher wholesale and fixed line revenues offset by ongoing TV decline and mobile pressure. Group Chief Executive Margherita Della Valle stated in the filing that "Germany is not yet where it needs to be."

On efficiency, the filing disclosed that over €200 million in gross savings and approximately 3,000 role reductions had already been delivered in H1, as part of a programme targeting over €2 billion in annual gross savings in Europe and shared operations by FY30. An additional 2,300 role reductions in Germany had also been announced. The company noted it now holds NPS leadership or co-leadership positions in 12 markets.

What Was Disclosed

The Form 6-K filed November 10, 2026 contains Vodafone's H1 FY27 results, covering revenue, profitability, a reported net loss driven by non-cash charges, an upgraded FY27 guidance range, an increased interim dividend, and progress on efficiency and strategic priorities.