VODAFAMILY ETHIOPIA HOLDING COMPANY LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors note that as at 31 March 2025, the Company recorded a loss of Shs 34,893,000 (2024: loss of Shs 22,734,000). Notwithstanding this position, the Directors consider it appropriate to prepare the financial statements on a going concern basis. The Directors have assessed the financial performance and position of the Company, together with its forecast cash flows and ongoing commitments. This assessment includes consideration of the continued financial support provided by the shareholders, Safaricom PLC and Vodacom International Holdings (Pty) Limited. The shareholders have confirmed that they will continue to provide financial support to the Company for a period of 12 months from the date of approval of these annual financial statements, to enable the Company to meet its obligations as they fall due. The Company has historically relied on shareholder funding to support its operations, and this support has continued during the year. Having considered the financial position of the shareholders and their demonstrated commitment to the Company, together with the projected funding requirements, the Directors are satisfied that adequate resources will be available to support the Company for the foreseeable future. Accordingly, the Directors adopt the going concern basis in preparing these financial statements.”

Group structure

1. VODAFAMILY ETHIOPIA HOLDING COMPANY LIMITED · parent
   1. Global Partnership for Ethiopia B.V. 57.41% · Investment holdings, acquiring telecommunications licence in Ethiopia.

Significant events

• “Additional Shareholder Investment: Safaricom PLC and Vodacom International Holdings (Pty) Limited invested an additional USD 152 million between April 2025 to February 2026, including Shs 30 million (USD 233,720) for operational and liquidity requirements.”
• “Conversion of loan receivable from subsidiary: The USD 15 million loan advanced to Global Partnership for Ethiopia (GPE) in February 2025 was converted into 148,752 additional shares in GPE on 7th May 2025, increasing ownership from 57.41% to 57.63%.”
• “Change of investment proportion in Global Partnership for Ethiopia B.V.: On 23 May 2025, the Company invested an additional USD 60 million, increasing ownership to 59.32%. Further, on 11th December 2025, an additional USD 39 million was invested, closing ownership at 60.23% as at 28 February 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

16

last 12 months

Capital events

8

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -49.3%

  -£22,913,000 → -£34,207,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers