2025-09-16
finance

Vodafone Czech Republic more than doubled its net profit in the fiscal year ending March 2025, reporting CZK 1.79 billion compared with CZK 839 million in the previous year. According to the company’s annual report, revenue increased by 2.2 percent to CZK 21.78 billion, driven by a growing customer base, higher demand for services beyond traditional connectivity, and lower financing costs. Most of Vodafone’s revenue came from telecommunications services, supplemented by sales of phones and accessories. The company highlighted continued investment in both mobile and fixed networks. Its 5G network now covers an estimated 97 percent of the Czech population, an increase of about 12 percentage points compared with last year. Over the past three years, more than half of the fixed network has been modernised, and in early 2025 Vodafone launched 2 Gbps internet connections, which are now available to 1.3 million households. The operator also benefited from a decision by the Czech Telecommunication Office in March to restore frequency allocations in the 900 and 1800 MHz bands. As part of its commitments linked to this spectrum, Vodafone has pledged to eliminate 200 “white spots” in mobile coverage by 2030. The company said that its largest investments targeted faster network speeds, durable IT systems, and improved customer support. The workforce grew slightly to 2,172 employees, an increase of 56 compared with the previous year. Vodafone Czech Republic remains part of the global Vodafone Group, which operates in multiple markets across Europe, Africa, and Asia. While the company did not disclose detailed audited financial statements beyond the annual report, the results underscore Vodafone’s focus on strengthening its market position through infrastructure investment and expanding digital services in a competitive Czech telecoms market.