Liberty Global : VodafoneZiggo Group B.V. Condensed Consolidated Financial Statements – December 31, 2025

VodafoneZiggo Group B.V.

Annual Report December 31, 2025

VodafoneZiggo Group B.V. Boven Vredenburgpassage 128,

3511 WR Utrecht The Netherlands

‌FORWARD-LOOKING STATEMENTS

Sure statements on this Annual Report represent forward-looking statements. To the extent that statements on this Annual Report usually are not recitations of historic reality, such statements represent forward-looking statements, which, by definition, contain dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied by such statements. Particularly, statements underneath Enterprise of VodafoneZiggo and Administration’s Dialogue and Evaluation of Financial Situation and Outcomes of Operations could comprise forward-looking statements, together with statements relating to our enterprise, product, overseas forex, hedging and finance methods, our property and tools additions, subscriber progress and retention charges, aggressive, regulatory and financial elements, the timing and impacts of proposed transactions, the maturity of our market, the potential influence of large-scale well being crises on our firm, the anticipated impacts of latest laws (or adjustments to present guidelines and laws), anticipated adjustments in our income, prices or progress charges, our liquidity, credit score dangers, overseas forex dangers, rate of interest dangers, goal leverage ranges, debt covenants, our future projected contractual commitments and money flows and different data and statements that aren’t historic reality. The place, in any forward-looking assertion, we categorical an expectation or perception as to future outcomes or occasions, such expectation or perception is expressed in good religion and believed to have an affordable foundation, however there will be no assurance that the expectation or perception will outcome or be achieved or achieved. In evaluating these statements, you need to think about the dangers and uncertainties within the following checklist, and people described herein, as some however not the entire elements that would trigger precise outcomes or occasions to vary materially from anticipated outcomes or occasions:

• financial and enterprise circumstances and trade developments within the Netherlands, together with the influence of the more and more unsure and unstable financial circumstances, an inflationary setting and adjustments in authorities insurance policies, together with these associated to commerce and tariffs;

• the aggressive setting within the Netherlands for each the mounted and cell markets, together with fiber roll-out plans of our rivals and their responses to our services and products for our residential and enterprise clients;

• the doorway of latest telecommunications operators for each mounted and cell markets within the Netherlands;

• fluctuations in forex change charges and rates of interest;

• instability in international monetary markets, together with sovereign debt points, forex instability and associated fiscal reforms;

• shopper disposable earnings and spending ranges, together with the supply and quantity of particular person shopper debt, on account of, amongst different issues, inflationary pressures;

• adjustments in shopper tv viewing, cell and broadband utilization preferences and habits, together with elevated demand for high-speed knowledge transmission providers and synthetic intelligence-enabled providers;

• shopper acceptance of our present service choices, together with our broadband web, video, fixed-line telephony, cell and enterprise service choices, and of latest expertise, programming options and different services and products that we could supply sooner or later;

• the end result of governmental requests for proposals associated to contracts for B2B communication providers;

• our capacity to handle and adapt to speedy technological adjustments, together with our capacity to adequately handle our legacy applied sciences and transformation, and the speed at which our present expertise turns into out of date;

• our capacity to take care of or enhance the variety of subscriptions to our broadband web, video, fixed-line telephony and cell service choices and our common income per family;

• our capacity to supply passable customer support, together with assist for brand spanking new and evolving services and products;

• our capacity to navigate the potential impacts on our enterprise ensuing from any worldwide commerce wars or tariffs imposed on the services or products that we buy from distributors or promote to our clients;

• our capacity to take care of or enhance charges to our subscribers or to cross by way of elevated prices to our subscribers, together with with respect to our vital property and tools additions, on account of, amongst different issues, inflationary pressures;

• the influence of our future monetary efficiency, or market circumstances typically, on the supply, phrases and deployment of capital;

• adjustments in, or failure or incapacity to adjust to, relevant legal guidelines and/or authorities laws and laws within the Netherlands and hostile outcomes from regulatory or authorized proceedings, together with regulation associated to interconnect charges;

• authorities and/or regulatory intervention that requires opening our broadband distribution community to rivals, and/or different regulatory interventions;

• our capacity to take care of and additional develop our direct and oblique distribution channels;

• the impact of perceived well being dangers related to electromagnetic radiation from base stations and related tools;

• the impact on our enterprise of strikes or collective motion by sure of our workers which are represented by commerce unions;

• adjustments in legal guidelines or treaties referring to taxation, or the interpretation thereof, within the Netherlands;

• adjustments in legal guidelines, financial insurance policies and authorities laws which will influence the supply or value of capital and the spinoff devices that hedge sure of our monetary dangers;

• the flexibility of suppliers and distributors to well timed ship high quality merchandise, tools, software program, providers and entry;

• the actions of machine producers, and our capacity to safe satisfactory and well timed provide of handsets that have excessive demand;

• the supply of enticing programming for our video providers and the prices related to such programming, together with, however not restricted to, manufacturing prices, retransmission and copyright charges payable to private and non-private broadcasters;

• our capacity to proceed to make use of mental property used to conduct our operations;

• uncertainties inherent within the improvement and integration of latest enterprise strains and enterprise methods;

• our capacity to adequately forecast and plan future community necessities;

• the supply and price of capital for the acquisition, upkeep and/or improvement of telecommunications networks, services and products;

• the supply, value and regulation of spectrum and our capacity to deploy such spectrum in a well timed and environment friendly method;

• our capacity and the flexibility of our third-party service suppliers to anticipate, shield in opposition to, mitigate and comprise lack of our and our clients’ knowledge on account of cyber assaults or safety breaches involving us or our third-party service suppliers;

• the leakage of delicate buyer or firm knowledge or the failure to adjust to relevant knowledge safety legal guidelines, laws and guidelines;

• a failure in our community and data techniques, whether or not attributable to a pure failure or a safety breach, and unauthorized entry to our networks;

• the end result of any pending or threatened litigation;

• the lack of key workers and the lack to draw or rent certified personnel attributable to labor market dynamics or attributable to authorized or immigration guidelines and laws;

• adjustments within the nature of key strategic relationships with companions and shareholders;

• the chance of default by counterparties to our money investments, spinoff and different monetary devices and undrawn debt services;

• our capital construction and elements associated to our debt preparations; and

• occasions which are exterior of our management, equivalent to political unrest in worldwide markets, worldwide conflicts, terrorist assaults, armed conflicts, malicious human acts, pure disasters, epidemics, pandemics and different related occasions.

The broadband distribution and cell service industries are altering quickly and, subsequently, the forward-looking statements of expectations, plans and intents on this Annual Report are topic to a big diploma of threat. These forward-looking statements and the above-described dangers, uncertainties and different elements communicate solely as of the date of this Annual Report, and we expressly disclaim any obligation or enterprise to disseminate any updates or revisions to any forward-looking assertion contained herein, to mirror any change in our expectations with regard thereto, or another change in occasions, circumstances or circumstances on which any such assertion is predicated. Readers are cautioned to not place undue reliance on any forward-looking assertion.

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Liberty Global Ltd. printed this content material on March 23, 2026, and is solely liable for the knowledge contained herein. Distributed by way of Public Applied sciences (PUBT), unedited and unaltered, on March 23, 2026 at 21:58 UTC.