Helios Towers PLC

HTWS

Equity

ISIN GB00BJVQC708 / Valor 50489941

LSE London Stock Exchange, SETS (2026-10-09)

GBP 2.16-0.18%

Helios Towers PLC
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About company

Helios Towers PLC operates as a prominent independent telecommunications infrastructure provider, primarily serving the rapidly expanding mobile communications sector in Africa and the Middle East. The company specializes in the ownership, operation, and leasing of telecommunications towers to a range of blue-chip mobile network operators. With a strategic focus on some of the world's fastest-growing mobile markets, Helios Towers has established leading market positions through its geographically diverse portfolio of tower sites. This infrastructure enables the company to secure a stable base of contracted revenues, underpinning its business model with a focus on long-term growth and operational quality. The firm's expertise in catering to the critical infrastructure needs of mobile operators positions it as a key player in facilitating enhanced connectivity in its regions of operation.

Summarized from source with an LLMView SourceSector: Finance

Top-line and margins

Revenue: US$466.3m (+11% vs H1 2025). Adjusted EBITDA: US$257.0m (+14%). Adjusted EBITDA margin improved to 55% (↑1ppt), driven by tenancy‑ratio expansion and operating efficiencies.

Tenancy and operational growth

Tenancies at period end: 34,455 (+13% YoY). Record +2,511 tenancy additions year‑to‑date; tenancy ratio 2.26x (H1 2025: 2.11x). Guidance raised to 3,500–4,000 tenancy additions for FY 2026 (prior 3,000–3,500).

Cash flow and returns

Recurring free cash flow: US$105.8m (+52% YoY). Portfolio free cash flow and improved ROIC (14.4%, +0.8ppt) support capital returns and deleveraging.

Profit, EPS and FX impact

Profit for the period: US$21.7m (H1 2025: US$30.9m). Basic EPS: 1.9 cents (H1 2025: 2.9c). Adjusted basic EPS: 5.2 cents (H1 2025: 0.5c). The lower statutory profit was mainly driven by higher finance costs from non‑cash foreign exchange movements.

Balance sheet, leverage and liquidity

Net leverage: 3.4x (down 0.4x YoY). Closing cash: US$206.6m. Gross/net debt (incl. lease liabilities): gross debt US$1,980.0m; net debt US$1,773.4m. The Group reports >US$500m of cash and available facilities.

Capital allocation & shareholder returns

US$27m of share buybacks completed in H1 2026 (+US$7m to 24 July 2026), cumulative buybacks US$58m since programme start; Board target to complete remaining US$51m of the US$75m authorisation. Inaugural interim dividend declared: 0.604p gross per share (payable 14 Sep 2026). FY‑2026 capital allocation targets include US$51m buyback (remaining), US$25m dividend and discretionary capex of US$215–245m (upgraded).

Guidance upgrade for FY 2026

Adjusted EBITDA guidance lifted to US$520–535m (prior US$515–530m). Recurring free cash flow guidance increased to US$220–235m. Tenancy additions guidance increased to 3,500–4,000. Discretionary capex guidance increased to US$215–245m to support incremental tenancies.

Financing & rating progress

Moody’s upgraded Helios Towers to Ba3 (from B1). Refinancing activity: issued US$500m senior notes (6.750%, maturing 2031) reducing cost of debt ~40bps and extended maturities; US$250m 3‑year term loan raised (undrawn) to manage 2027 convertible bond and general corporate purposes.

Contracted revenue and customer profile

Record contracted revenues of ~US$5.9bn (98% from large multinational MNOs; ~70% from investment‑grade customers) with average remaining initial contract life ~6.5 years — provides visibility into recurring revenue and long‑term demand across Africa & the Middle East.

Summarized from source with an LLMView Source

Key figures

45.6%1Y

207%3Y

33.0%5Y

Performance

30.6%1Y

33.0%3Y

36.8%5Y

Volatility