… Declares interim dividend of 2.84 cents
… Airtel Money IPO on course for listing in H1’26
Airtel Africa Plc has released its results for half year (H1) period ended September 30, 2025. The company report profit after tax (PAT) of $376million in H1’25, from $79million in H1’24, representing year-on-year (YoY) increased by 375.3 percent.
Airtel revenue rose by 25.8 percent in the H1’25 period to $2.982billion from $2.370billion in H1’24.
In the review period, Airtel Africa capex of $318million was in-line with the prior period. Capex guidance for FY’26 has been increased to between $875million and $900million as they company looks to accelerate its ability to capitalise on the significant opportunity across its markets.
Airtel continued with its debt localisation programme aimed at reducing its foreign currency debt exposure with around 95 percent of its operating company (OpCo) debt (excluding lease liabilities) now in local currency, up from 89 percent a year ago.
The company’s leverage has improved from 2.3x to 2.1x, with lease-adjusted leverage also improving to 0.8x from 1.0x a year ago, primarily driven by the improvement in EBITDA.
Read also: How data, fintech drove Airtel Africa’s profit to quadruple in six months
The Board has declared an interim dividend of 2.84 cents per share, an increase of 9.2percent in line with Airtel Africa’s progressive dividend policy.
Airtel Africa is currently executing its $100million share buy-back programme which remains on track to complete on or before March 31, 2026.
Sunil Taldar, chief executive officer, Airtel Africa said “Our strategy has been focussed on providing a superior customer experience and the strength of these results is testament to the initiatives that we have been implementing across the business.
“Digital innovation is a core focus, and we’re pleased to see the growing adoption of MyAirtel app as we seek to deepen customer engagement and simplify the customer journey. Furthermore, our network continues to scale as we build additional capacity to facilitate the rise in both digital and financial inclusion. The increase in smartphone penetration to 46.8percent reflects the substantial demand for data services across our markets but also highlights the scale of the opportunity to further develop the digital economy,” Taldar said.
He said “Airtel Money continues to gain momentum, with our customer base nearing 50 million and annualised total processed value approaching $200bn, up over 35 percent year-on-year. The acceleration in customer growth and continued growth in engagement on the platform reflects our success in driving digital adoption and innovation to enhance the ecosystem. The preparation for the IPO remains on course for a listing in the first half of 2026”.
“The strength of our revenue performance – up 24.5percent in constant currency – and further cost efficiency initiatives has continued to support a further increase in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins to 49percent in Q2’26, and we will continue to focus on further incremental margin improvements, subject to macroeconomic stability. This strong performance gives us the confidence to increase our capex guidance for this financial year to between $875million and $900million, as we accelerate our investments to capture the full potential across our markets and deliver long-term value for all stakeholders,” Taldar said.
Across the Group, mobile services revenue grew by 23.1 percent in constant currency, driven by voice revenue growth of 13.2percent and data revenue growth of 37 percent. Data revenues of $1.161million has now surpassed voice as the biggest component of revenue for the Group. Mobile money revenues continue to benefit from its increased scale and higher levels of engagement to deliver a 30.2 percent growth in constant currency.
EBITDA grew by 33.2 percent in reported currency to $1.447million with EBITDA margins expanding further to 48.5percent from 45.8 percent in the prior period driven by continued operating momentum and sustained benefits from Airtel Africa’s cost efficiency programme.