US EditionAirtel Africa overturns annual loss to post $328 million profit as Naira devaluation pressure eases
- Airtel Africa reported a net profit of $328 million for the year ended 31 March 2025, reversing an $89 million loss from the prior year amid easing naira devaluation pressures.
- This turnaround followed tariff adjustments in Nigeria and stronger execution, which boosted revenue growth despite currency devaluation impacting reported figures.
- The company expanded its total customer base by 8.7% to 166.1 million and increased data customers by 14.1%, supported by investments in network infrastructure including 2,583 new sites and 3,300 km of fibre.
- Mobile money subscribers grew 17.3% to 44.6 million, with annualised transaction value hitting $145 billion and data revenue rising 30.5%, while basic earnings per share improved to 6.0 cents from negative 4.4 cents.
- Airtel Africa plans to list Airtel Money via an IPO in the first half of 2026, backed by a stable operating environment and ongoing investments to enhance digital inclusion and network capacity.
12 Articles
12 Articles
Airtel Africa overturns annual loss to post $328 million profit as Naira devaluation pressure eases
Profit before tax for the period under review came to $661 million against a $63 million loss a year ago. The post Airtel Africa overturns annual loss to post $328 million profit as Naira devaluation pressure eases appeared first on Premium Times Nigeria.
Pressure mounts as Naira depreciates to N1,625 lowest points in 2025
The naira oscillated near its 2025 lows amid renewed appetite for the greenback, while the U.S. dollar index posted upside this week Unofficial market data showed the Nigerian currency fluctuated at the N1625/30/$ band on Friday. It closed at N1608/$1 on the official market compared to N1612/$1 a day earlier signaling a major bearish period […] The post Pressure mounts as Naira depreciates to N1,625 lowest points in 2025 appeared first on Nairam…
Airtel Nigeria Doubles Investment To Deepen Network Coverage, Drives Digital Inclusion
Airtel Nigeria, a leading telecommunications company and subsidiary of Airtel Africa, has announced a bold move to double its capital investment in the country, reinforcing its long-term commitment to expanding network infrastructure, advancing digital inclusion, and enhancing customer experience nationwide. This increased investment will power a wide range of initiatives, including infrastructure upgrades, expansion into rural communities, intr…
Airtel Africa Hits 166.1 Million Users, Sees Surge in Data Growth and Transaction Value - TV360 Nigeria
Airtel Africa Plc has reported an 8.7% year-on-year increase in its total customer base, reaching 166.1 million subscribers for the financial year ending March 31, 2025 driven by a strategic push for digital and financial inclusion across its markets. In its audited full-year financial results, the company’s CEO, Sunil Taldar, said the growth was underpinned by a focus on expanding smartphone usage, which rose by 4.3 percentage points to 44.8% p…
Airtel Africa posts $328m profit as tariff adjustments boost operations
Airtel Africa has reported Airtel Africa has reported a profit after tax of $328 million for the year ended March 31, 2025. The profit showed a significant improvement from the $89 million posted in the corresponding period of 2024, owing for foreign exchange in Nigeria.Airtel Africa reported revenues of $4.95 billion, a 21.1 per cent increase in constant currency terms, but a 0.5 per cent decline in reported currency, reflecting the impact of d…
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