6-K 1 a4846b.htm PRO FORMA FINANCIALS FOR VODAFONETHREE a4846b
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
 
PURSUANT TO RULES 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
Dated October 01, 2025
 
Commission File Number: 001-10086
 
VODAFONE GROUP
PUBLIC LIMITED COMPANY
(Translation of registrant’s name into English)
 
 
VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F ✓ Form 40-F _
 
 
 
This Report on Form 6-K contains a Stock Exchange Announcement dated 01 October 2025 entitled ‘Pro forma financials for VodafoneThree’.
 
1 OCTOBER 2025
 
 
Pro forma financials for VodafoneThree
 
On 31 May 2025, Vodafone Group Plc ('Vodafone' or 'the Group') completed the merger of Vodafone UK and Three UK. The combined business, VodafoneThree, is 51% owned by Vodafone and 49% by CK Hutchison Group Telecoms Holdings Limited ('CKHGT') and its results have been consolidated by the Group from that date.
 
To aid the comparison of VodafoneThree's FY26 results with prior periods, unaudited pro forma financial information for FY25 is provided below. This reflects 10 months of pro forma results from the merged business and two months of Vodafone UK on a standalone basis, reflecting that the merger completed part way through Vodafone's current financial year. There will be no change to the Group's statutory information for comparative periods, which will remain as previously disclosed.
 
 
VodafoneThree pro forma
 
 
 
 
 
 
 
 
UK financial results1
Q12
Q2
H1
Q3
Q4
H2
FY25
 
€m
€m
€m
€m
€m
€m
€m
Total revenue
1,937
2,578
4,515
2,720
2,501
5,221
9,736
Service revenue
1,624
2,047
3,671
 2,088
 2,039
4,127
 7,798
Adjusted EBITDAaL
 
 
849
 
 
1,007
1,856
Adjusted EBITDAaL margin
 
 
18.8%
 
 
19.3%
19.1%
  
 
 
Vodafone Group: Including VodafoneThree pro forma
 
 
 
 
 
 
 
 
Vodafone Groupfinancial results1
Q12
Q2
H1
Q3
Q4
H2
FY25
€m
€m
€m
€m
€m
€m
€m
Total revenue
9,284
10,059
19,343
10,666
10,106
20,772
40,115
Service revenue
7,660
8,229
15,889
8,510
8,270
16,780
32,669
Adjusted EBITDAaL
 
 
5,553
 
 
5,677
11,230
Adjusted EBITDAaL margin
 
 
28.7%
 
 
27.3%
28.0%
1.     Unaudited pro forma results for the merged business have been translated into euro at exchange rates used to prepare the Group's FY25 Annual Report.
2.     Includes two months of Vodafone UK on a standalone basis and one month of pro forma results from the merged VodafoneThree business.
 
 
Adjusted EBITDAaL reconciliation
 
 
 
FY25
 
 €m
 
Vodafone UK standalone
1,558
 
Three UK standalone3
640
 
Reporting period adjustments4
(106) 
 
Adjustments5
(236) 
 
 
VodafoneThree
                                       1,856
 
3.     EBITDA of £541 million as reported in Three UK's 2024 statutory results on a euro equivalent basis.
4.     Reflecting change in financial year (from January-December to April-March) and the fact that Three UK will only be consolidated for 10 months in FY26.
5.     Adjustments primarily relating to commission costs (previously capitalised by Three UK) and lease and related interest costs that are now included in Adjusted EBITDAaL.
 
 
Notes
i.   The unaudited pro forma view of the Group's FY25 financial results has been prepared for illustrative purposes only and shows a hypothetical situation and, therefore, does not represent the actual financial position or results of the Group if the merger of Vodafone UK and Three UK had occurred on 31 May 2024. The unaudited pro forma financial information reflects adjustments to present the financial results of Three UK under Vodafone's accounting policies and certain other pro forma adjustments. The unaudited pro forma view of the FY25 financial results may not give a true picture of our financial results nor is it indicative of the results that may, or may not, be expected to be achieved in the future.
 
The unaudited pro forma view has not been prepared in accordance with Regulation S-X under the United States Securities Exchange Act of 1934, and accordingly should not be relied upon as if it had been carried out in accordance with those requirements.
 
- ends -
  
For more information, please contact:
 
Investor Relations:
 
investors.vodafone.com
 
ir@vodafone.co.uk
 
Media Relations:
 
Vodafone.com/media/contact
 
GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679
 
 
About Vodafone
 
Vodafone is a leading European and African telecoms company.
 
We serve over 355 million mobile and broadband customers, operating networks in 15 countries with investments in a further five and partners in over 40 more. Our undersea cables transport around a sixth of the world's internet traffic, and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 215 million IoT connections, and we provide financial services to around 92 million customers across seven African countries - managing more transactions than any other provider.
 
From the seabed to the stars, Vodafone's purpose is to keep everyone connected.  
 
For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone. 
 
 
SIGNATURES
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
 
 
 
VODAFONE GROUP
 
PUBLIC LIMITED COMPANY
 
(Registrant)
 
 
 
 
Date: October 01, 2025
By: /s/ M D B
 
Name: Maaike de Bie
 
Title: Group General Counsel and Company Secretary