Vodafone Group Plc has reported its half-year results and launched a €500m share buyback.

In H1 FY26 revenues increased by 7.3% to €19.6 billion, while adjusted EBITDAaL increased by 5.9% to €5.7bn.

However operating profit decreased by 9.2% to €2.2bn.

The latest tranche of share buybacks follows the €3bn already completed since May 2024, with a further €1bn planned.

Vodafone’s full-year FY26 guidance is now that it will deliver at the upper end of its ranges: adjusted EBITDAaL of €11.3-11.6bn and adjusted free cash flow of €2.4-2.6bn.