Airtel Africa PLC
AAF
ISIN GB00BKDRYJ47 / Valor 48524116
Airtel Africa PLC
UMushroom community rating:
About company
Airtel Africa PLC is a leading telecommunications and mobile money service provider, holding the position of the second-largest telecom operator across the continent. The company has established a significant presence in 14 markets, primarily within East Africa, Central, and West Africa. As of the first half of the fiscal year 2024, Airtel Africa boasts a customer base of 147.7 million, which includes 59.8 million data customers and 36.5 million Airtel Money customers. The company has demonstrated robust financial performance, showcasing 23 consecutive quarters of double-digit revenue and EBITDA growth. Airtel Africa offers a range of services including voice, data, mobile money, and digital services, and has successfully deployed 4G services across all its markets. The company's operations are strategically positioned to capitalize on the growing demand for telecommunications and financial services in sub-Saharan Africa, a region characterized by a young and expanding population, increasing urbanization, and a relatively low telecom penetration rate.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (03.04.2026):
Airtel Africa PLC — results for the quarter ended 30 June 2025 (the period the company refers to as Q1’26). The company reported strong revenue and margin expansion driven by data and mobile‑money growth, with reported revenue of $1,415m (24.9% constant‑currency growth), EBITDA of $679m (32.7% cc growth) and profit after tax of $156m. Customer metrics and data usage accelerated, while the business continued network and fintech investment and progressed its debt‑localisation and share buyback programmes.
Key financials
Revenue $1,415m (+22.4% reported; +24.9% constant currency). EBITDA $679m (+29.8% reported; +32.7% cc). Profit after tax $156m (vs $31m a year earlier). Basic EPS 3.4 US cents (vs 0.2 cents).
Profitability & margins
EBITDA margin expanded to 48.0% from 45.3% (up 276 bps reported). Operating profit $446m (+33.0% reported). EPS before exceptional items rose to 3.4 cents (from 2.3 cents).
Customer growth & data demand
Total customers 169.4m (+9.0% YoY); data customers 75.6m (+17.4%). Data usage per customer rose strongly (group average 7.8 GB/month) and data ARPU growth accelerated to 18.5% in constant currency; smartphone penetration 45.9%.
Mobile money momentum
Airtel Money customers 45.8m (+16.1%). Annualised transaction value rose 35% to $162bn. Mobile‑money revenue $290m (+30.3% cc) and ARPU +11.3% cc; mobile‑money contributed ~20.5% of group revenue.
Regional drivers
Nigeria saw large constant‑currency growth (revenue ~$332–333m; data revenue +60.3% cc) partly from tariff adjustments. East Africa and Francophone Africa both delivered strong data and mobile‑money growth; Francophone benefited from CFA appreciation.
Cash flow, capex & guidance
Net cash from operations $568m (+37.4%). Operating free cash flow $558m (+48.4%). Quarter capex $121m (lower timing‑related); full‑year capex guidance maintained at $725–$750m.
Debt, leverage & FX
Net debt $5,494m; leverage (net debt/EBITDA) 2.2x (lease‑adjusted leverage 0.9x). Debt localisation progressed: ~95% of OpCo debt now in local currency (ex‑lease). Quarter included a $22m derivative/FX gain (CFA appreciation); prior period had large FX losses in Nigeria.
Capital returns & corporate updates
Second tranche of $55m share buyback underway; $16.9m returned (7.1m shares) by 30 June 2025. CFO transition completed (Kamal Dua appointed). Partnership announced with SpaceX to add Starlink connectivity in selected markets.
Network investment & customer experience
Rolled out >2,300 new sites to 37,579, added ~2,700 km of fibre to >79,600 km, 4G population coverage 74.7%. Company highlighted product/tech launches (eg Airtel Spam Alert) to drive smartphone adoption and service trust.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
17563 M
Market cap (USD)
1,869,981
Daily traded volume (Shares)
1.15 / 1.127
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Tommaso Nebuloni
Roger Zgraggen
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