Financial Results

Vodafone UK’s total revenue increased by 0.2% to €6.8 billion as service revenue growth was offset by a decline in equipment revenue.

Openreach’s FTTP build rate accelerated to one million premises passed in Q4, up from 950,000 in the last quarter, spurred by a record 78k homes passed per week

Maintel’s revenues grew to £101.3m during 2023, an 11.3% increase, with recurring revenue of £75.0m, at 74% of total revenue.

Softcat achieved double-digit growth in first-half gross profit, rising 11% to £196.5m, despite a 8.8% fall in revenue, to £467.2m.

Gamma saw its group revenues and gross profit grow by 8% to £521.7m and £267.2m respectively for the year ended 31st December.

NFON improved its adjusted EBITDA by more €9m year-on-year in financial year 2023 to to €8.4m million.

Vodafone UK added 39,000 fixed line customers in Q3 2024, taking its total its total broadband base to 1.3m.

Openreach has recorded continued pro forma revenue and EBITDA growth for the year to date.