Airtel Africa Reports #156m Q1 Profit

Airtel Africa Plc recorded a remarkable surge in profit after tax to $156 million for the quarter ended June 30, 2025,a 408.1% jump from the $31 million reported in the same period of 2024. The company disclosed the figures in its unaudited financial statements released on Thursday to the Nigerian Exchange Limited.The telecoms and mobile money giant attributed the impressive performance to robust demand across its operating markets, enhanced cost efficiencies, and easing currency pressures.Revenue climbed by 22.4% year-on-year to $1.42 billion, while operating profit rose by 33% to $446 million. In constant currency terms, revenue growth was even higher at 24.9%.

Airtel’s total customer base rose by 9% to 169.4 million, with data subscribers increasing by 17.4% to 75.6 million. Its mobile money platform, Airtel Money, also saw strong momentum, growing its user base by 16.1% to 45.8 million. The annualised transaction value from Airtel Money jumped 35% to $162 billion, with revenue from the segment growing 30.3% in constant currency.Earnings before interest, tax, depreciation, and amortisation rose by 29.8% to $679 million, while the EBITDA margin improved to 48.0%, up from 45.3% a year earlier.

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Commenting on the results, Airtel Africa CEO Sunil Taldar said, “We are very pleased with the strong growth in our operating and financial performance in the first quarter. The strength of this performance and the scale of the growth we achieved reflect the sustained demand for our services and the strength of our business model to meet these demands.”The company continued its infrastructure expansion, adding 2,300 new sites during the quarter, bringing its total to 37,579. As a result, 4G population coverage increased to 74.7%, while smartphone penetration rose to 45.9% across its markets.Capital expenditure for the quarter stood at $121 million, slightly lower than the previous period due to timing factors.

However, the group maintained its full-year capital expenditure guidance between $725 million and $750 million.In line with its ongoing debt localisation efforts, Airtel Africa reported that 95% of its operating company debt is now denominated in local currencies, up from 86% last year.