IHS Posts Revenue Of $433.3m In Q2

IHS Holding Limited has declared a revenue of $433.3 million in its financial results for the second quarter (Q2) ended June 30, 2025.

The Company said its revenue of $433.3 million decreased 0.5 per cent year-on-year or increased 2.1 per cent excluding the impact of the disposal of its Kuwait operations in December 2024.

Adjusted EBITDA of $248.5 million decreased 0.9 per cent year-on-year, or increased 1.5 per cent excluding the impact of the Kuwait disposal. Adjusted EBITDA Margin of 57.3 per cent was stable year-on-year, highlighting continued financial discipline. Income for the current period was $32.3 million.
Income for the second quarter of 2025 was $32.3 million, compared to a loss of $124.3 million for the second quarter of 2024. This was primarily driven by a $157.5 million decrease in net finance costs.
Cash from operations for the second quarter of 2025 was $254.8 million, compared to $151.6 million for the second quarter of 2024.

Full year 2025 guidance raised driven by strong year-to-date performance, and despite now incorporating the estimated reduction in contribution from the disposal of the Company’s Rwanda operations
The chairman and chief executive officer of IHS Towers, Sam Darwish, stated, ” Our positive momentum continued in the second quarter, with strong performances across our key metrics of revenue, Adjusted EBITDA, and ALFCF, in combination with a continued reduction in Total Capex.

“Given our encouraging year-to-date progress and sustained macroeconomic stability across our markets, we are also pleased to be raising our full year 2025 guidance across all key metrics.”
He said, “Our improved outlook reflects the benefits of our solid commercial progress and our strong focus on financial discipline, which is delivering sustained improvements in our profitability and cash flow generation.”

Darwish added, “We remain excited by the significant growth prospects across our footprint, which are supported by the ongoing rollout of 5G across our markets. Our confidence is underpinned by the positive backdrop within our largest market, Nigeria, bolstered by the ongoing stability of the Naira as well as the carrier tariff rate increases that our Nigerian customers announced earlier this year.”
He disclosed that “during the second quarter, we have also taken further actions to strengthen our balance sheet by repaying certain debt, lowering our interest costs and extending maturities.

“During the quarter we repaid two of our highest interest rate facilities in Nigeria and Brazil, which combined resulted in a net reduction in debt of $154 million.”

He stated, “in the near term, we expect to continue prioritising paying down debt, but as we approach the bottom of our leverage target, we may also consider allocating excess capital to other uses, including share buybacks and introducing a dividend policy.”