Quarterly ResultMay 12, 2026, 08:02 AM
IHS Holding Q1 Income $77.0M; Revenue $415.4M; MTN Merger Progress
AI Summary
IHS Holding Ltd reported a significant increase in income for the first quarter of 2026, reaching $77.0 million, up from $30.7 million in the prior year. Revenue also saw a modest rise to $415.4 million. The company is progressing with its definitive merger agreement to be acquired by MTN Group Limited for $8.50 per share and has completed the disposal of its Latam fiber operations, with the Latam tower disposal expected to follow, enhancing liquidity.
Key Highlights
- Q1 2026 revenue increased to $415.4 million from $392.1 million in Q1 2025, a 5.9% increase.
- Income for the period rose to $77.0 million in Q1 2026 from $30.7 million in Q1 2025, a 150.8% increase.
- Basic income per share grew to $0.23 in Q1 2026 from $0.10 in Q1 2025.
- Operating income decreased to $111.3 million in Q1 2026 from $165.8 million in Q1 2025.
- Net cash from operating activities increased to $228.6 million in Q1 2026 from $200.3 million in Q1 2025.
- Total equity improved to $(23.7) million as of March 31, 2026, from $(89.8) million at December 31, 2025.
- Company signed a definitive merger agreement to be acquired by MTN Group Limited for $8.50 per share.
- Disposal of Latam tower and fiber operations is underway, with fiber disposal completed in May 2026.