Liberty Global : VodafoneZiggo Group B.V. Condensed Consolidated Financial Statements – March 31, 2026
LBTYA
Published on 05/13/2026 at 04:33 pm EDT - Modified on 05/13/2026 at 04:35 pm EDT
Quarterly Report March 31, 2026
VodafoneZiggo Group B.V. Boven Vredenburgpassage 128,
3511 WR Utrecht The Netherlands
VODAFONEZIGGO GROUP B.V. TABLE OF CONTENTS
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (unaudited).................... 2
Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (unaudited).............................................................................................................................................................
4
Condensed Consolidated Statements of Owner's Equity for the Three Months Ended March 31, 2026 and 2025 (unaudited).............................................................................................................................................................
5
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (unaudited).............................................................................................................................................................
6
Notes to Condensed Consolidated Financial Statements (unaudited) ...................................................................... 9
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 31
VODAFONEZIGGO GROUP B.V.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
Current assets:
Cash and cash equivalents .......................................................................................................
€ 98.1
€ 178.8
Trade receivables, net (note 3).................................................................................................
147.7
152.6
Related-party receivables (note 10) .........................................................................................
35.4
21.3
Prepaid expenses......................................................................................................................
79.7
64.1
Derivative instruments (note 4) ...............................................................................................
110.2
95.0
Contract assets (note 3)............................................................................................................
115.2
116.6
Other current assets, net (note 3) .............................................................................................
127.2
126.9
Total current assets...............................................................................................................
713.5
755.3
Property and equipment, net (notes 6 and 8)...............................................................................
4,619.5
4,632.3
Goodwill (note 6) ........................................................................................................................
7,375.5
7,375.5
Intangible assets subject to amortization, net (note 6) ................................................................
2,588.7
2,669.7
Long-term derivative instruments (note 4)..................................................................................
241.5
186.5
Other assets, net (notes 3 and 8)..................................................................................................
463.1
443.7
Total assets ...........................................................................................................................
€ 16,001.8
€ 16,063.0
VODAFONEZIGGO GROUP B.V.
CONDENSED CONSOLIDATED BALANCE SHEETS - (Continued)
(unaudited)
LIABILITIES AND OWNER'S EQUITY
Current liabilities:
Accounts payable (note 10) .....................................................................................................
€ 408.1
€ 453.4
Deferred revenue and advance payments from subscribers and others (note 3) .....................
204.6
201.0
Value-added taxes (VAT) payable ..........................................................................................
127.9
128.3
Accrued interest (note 7) .........................................................................................................
160.0
144.7
Current portion of third-party debt and finance lease obligations (notes 7 and 8) ..................
1,013.2
1,012.3
Derivative instruments (note 4) ...............................................................................................
24.5
52.6
Accrued and other current liabilities (notes 8, 10 and 11).......................................................
347.2
367.0
Total current liabilities .........................................................................................................
2,285.5
2,359.3
Long-term debt and finance lease obligations (notes 7 and 8):
Third-party ...............................................................................................................................
9,666.5
9,596.2
Related-party (note 10) ............................................................................................................
1,815.8
1,815.8
Deferred income taxes ................................................................................................................
621.9
626.7
Other long-term liabilities (notes 3, 4, 8, 10 and 11) ..................................................................
417.3
456.1
Total liabilities .....................................................................................................................
14,807.0
14,854.1
Commitments and contingencies (notes 4, 7, 8, 10 and 12)
Total owner's equity....................................................................................................................
1,194.8
1,208.9
Total liabilities and owner's equity......................................................................................
€ 16,001.8
€ 16,063.0
VODAFONEZIGGO GROUP B.V.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
Three months ended
Revenue (notes 3, 10 and 13) ........................................................................................................
€ 980.9
€ 999.1
Operating costs and expenses (exclusive of depreciation and amortization, shown separately below):
Programming and other direct costs of services (note 10) ........................................................
208.7
208.3
Other operating (note 8) ............................................................................................................
109.2
125.6
Selling, general and administrative (SG&A) (notes 8 and 10) .................................................
202.2
177.5
Charges for JV Services (note 10) .............................................................................................
49.3
48.0
Depreciation and amortization ..................................................................................................
307.1
402.0
Impairment, restructuring and other operating items, net (note 11) ..........................................
0.4
20.9
876.9
982.3
Operating income...................................................................................................................
104.0
16.8
Non-operating income (expense):
Interest expense:
Third-party .............................................................................................................................
(135.2)
(153.1)
Related-party (note 10) ..........................................................................................................
(25.2)
(25.2)
Realized and unrealized gains (losses) on derivative instruments, net (note 4) ........................
128.4
(147.6)
Foreign currency transaction gains (losses), net........................................................................
(69.4)
227.8
Losses on debt extinguishment, net (note 7) .............................................................................
-
(4.4)
Other income, net ......................................................................................................................
0.2
0.9
(101.2)
(101.6)
Earnings (loss) before income taxes ......................................................................................
2.8
(84.8)
Income tax benefit (expense) (note 9)...........................................................................................
(17.0)
17.6
Net loss ...............................................................................................................................
€ (14.2)
€ (67.2)
Disclaimer
Liberty Global Ltd. published this content on May 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 20:29 UTC.