Quarterly ResultMay 12, 2026, 08:02 AM
IHS Towers Q1 Revenue $415.4M; Income $77.0M; ALFCF +15.8%
AI Summary
IHS Holding Limited reported a solid start to 2026 with Q1 revenue from continuing operations increasing 6.0% to $415.4 million and income for the period surging 150.8% to $77.0 million, largely driven by favorable foreign exchange movements. Adjusted EBITDA grew 6.4% to $268.7 million, and Adjusted Levered Free Cash Flow (ALFCF) rose 15.8% to $173.5 million. The company also highlighted strategic developments, including the proposed $6.2 billion sale to MTN Group Limited and the completed divestment of its 51% stake in I-Systems to TIM S.A. in May 2026.
Key Highlights
- Proposed sale of IHS Towers to MTN Group Limited for $6.2 billion.
- Completed sale of 51% I-Systems stake to TIM S.A. in May 2026.
- Q1 Revenue from continuing operations $415.4 million, up 6.0% year-on-year.
- Q1 Income for the period $77.0 million, up 150.8% year-on-year.
- Adjusted EBITDA $268.7 million, up 6.4% year-on-year.
- Adjusted Levered Free Cash Flow (ALFCF) $173.5 million, up 15.8% year-on-year.
- Nigeria segment revenue $285.0 million (+5.0% YoY); SSA segment revenue $130.4 million (+8.1% YoY).
- Consolidated net leverage ratio 2.9x, down 0.5x year-on-year.