Vodafone Group PLC, listed on NASDAQ:VOD, is a major telecommunications company providing a wide range of services including mobile, fixed-line, and broadband. The company operates in various regions, with significant business in Europe and Africa. Vodafone competes with other telecom giants like AT&T and Verizon, striving to maintain its market position through strategic growth and innovation.
On November 11, 2025, Vodafone reported earnings per share of $0.79, surpassing the estimated $0.49. The company also reported a revenue of approximately $22.64 billion, significantly exceeding the estimated $10.25 billion. This strong performance was largely driven by the positive results from its German operations, which have returned to growth, and robust performance in Africa.
Following the earnings announcement, Vodafone's share price surged to 94 pence, its highest since August 2022. This marked an impressive 67% increase from its lowest point in 2024. The company expressed optimism about its future guidance, expecting to reach the upper end of its full-year earnings and cash flow projections, as highlighted by its progressive dividend policy.
For the half-year ending September 30, Vodafone reported underlying earnings excluding lease expenses of €5.73 billion, a 5.9% increase from the previous year, surpassing the average analyst forecast of €5.65 billion. Revenue increased by 7.3% to €19.61 billion, aligning with forecasts. Service revenue in the second quarter rose by 8.1% to €8.47 billion, exceeding expectations, with notable growth in Germany and a 1.2% increase in the UK.
Vodafone's financial health is further supported by a decrease in net debt to €25.94 billion from €31.78 billion the previous year, below analyst predictions of €27.19 billion. The company maintains a price-to-sales ratio of 0.72 and an enterprise value to sales ratio of 1.90. The current ratio of 1.26 indicates a reasonable level of liquidity to cover short-term liabilities.
