London, May 22, 2026, 23:04 BST
Vodafone was lower on Friday in London, lagging the FTSE 100 as the index gained. The telecom filed its 2026 annual report, Form 20-F, and posted the notice for its July shareholder meeting.
London markets are in a light patch for trading. The London Stock Exchange is closed Monday, May 25, for the spring bank holiday, with activity set to pick up again on Tuesday when markets will have a full day to respond to the filing and Vodafone’s changes.
Vodafone shares were down 0.65 pence, or 0.58%, last seen offered at 111.75 pence and bid at 111.65 pence in London. Volume ran near 60.1 million shares. The company’s market value stood around 25.64 billion pounds.
Vodafone’s ADR (VOD) started the New York session at $14.94, slipping from Tuesday’s $15.11 close. The Nasdaq ADR tracks Vodafone shares listed abroad.
FTSE 100 climbs for the week as UK rate pressure drops The FTSE 100 rose 0.22% on Friday, ending the week up 2.66%. Softer UK data eased pressure on the Bank of England to move quickly on rates.
Vodafone will hold its annual general meeting in London on July 27 at 10:30 a.m. There will be a live webcast. The board says it will take questions from shareholders sent in before July 23.
Vodafone reported full-year revenue up 8.0% at 40.5 billion euros. Service revenue grew 8.8% to 33.5 billion euros. Adjusted EBITDAaL, excluding lease costs, was up 3.8% at 11.4 billion euros. CEO Margherita Della Valle called Vodafone a “simpler company with a stronger growth outlook” and said it is “well set for mid-term growth.” The company filed the new results after posting these numbers. Investegate
Germany is still a trouble area for Vodafone. The country is the group’s biggest market, but annual organic service revenue fell 0.2%, even as fourth-quarter revenue rose at the headline level. The decline followed soft mobile prices and ongoing pressure from the recent TV-law change.
Vodafone’s “turnaround is starting to take shape,” Matt Britzman at Hargreaves Lansdown said, but warned it’s “far from complete.” Britzman named Germany as the group’s “toughest nut to crack.” HL
Vodafone is going all-in on its UK push, but getting it done won’t be simple. The company said this month it’s buying CK Hutchison’s 49% stake in VodafoneThree for 4.3 billion pounds, giving Vodafone full ownership of what is now the UK’s biggest mobile carrier after the JV overtook BT’s EE and O2.
But there’s risk here. Vodafone’s net debt ratio heads to about 2.6 times with the buyout. The deal still needs a sign-off under the UK National Security and Investment Act. Trouble in Germany, delays tying up the UK business or harder competition with BT’s EE and O2 would tighten the margin for error.
Vodafone reports Q1 FY27 trading on July 27, lining up with its AGM. There’s little else on the near-term diary. Investors are looking to see if a leaner Vodafone can put up growth to move past the debt and Germany issues.
