Vodafone Group CEO Margherita Della Valle highlighted positive performances from its operations in the UK, Germany, Africa and Turkiye in its fiscal H1, alongside praising quick progress being made in its UK network integration.

In its results statement for the six months to end-September, the executive noted “good strategic progress” in the period, with operational improvements across the business.

Discussing its ongoing transformation she noted “Vodafone has built broad-based momentum. In the second quarter we saw service revenue accelerating, with good performances in the UK, Turkiye and Africa, and a return to top-line growth in Germany”.

Although highlighting there was more to do, Della Valle indicated it had made broad improvements, citing the expansion of customer satisfaction initiatives and a “fast start” to integrating network assets with those from 3 UK, following the completion of a merger at the end of May 2025.

“Based on our stronger performance, we are now expecting to deliver at the upper end of our [annual] guidance range for both profit and cash flow,” she added, noting the company was “introducing a new progressive dividend policy”.

For the period, revenue was up 7.3 per cent year-on-year to €19.6 billion.

Operating profit was down by 9.2 per cent to €2.2 billion. Vodafone noted growth in adjusted EBITDaL had been offset by higher depreciation and amortisation following the consolidation of 3 UK, and lower other income.