Airtel Africa's FY revenue rises 29.5%, slightly misses estimates

Airtel Africa

08/05/2026 07:09

Overview

Africa telecom and mobile money provider's FY revenue rose 29.5%, but slightly missed analyst expectations

Adjusted EBITDA for FY grew 37.2%, slightly missing consensus

Company completed $100 mln share buyback during the year

Outlook

Airtel Africa sees FY27 capex at about $1.1 bln

Company expects near-term EBITDA margin pressure from higher energy costs

Airtel Africa intends Airtel Money IPO in H2 2026, subject to market conditions

Result Drivers

CUSTOMER GROWTH - Co said results were driven by a 10.5% increase in total customers and a 14.8% rise in data customers, supported by network investment and digitisation

DATA AND MOBILE MONEY - Strong growth in data revenue (up 35.2% in constant currency) and mobile money revenue (up 28.4% in constant currency) helped drive overall performance

TARIFF ADJUSTMENTS AND CURRENCY TAILWINDS - Tariff changes in Nigeria and currency appreciation across most markets contributed to revenue growth

Company press release: ID:nRSH5063Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Miss*
$6.42 bln
$6.43 bln (10 Analysts)
FY Adjusted EBITDA
Slight Miss*
$3.16 bln
$3.17 bln (10 Analysts)
FY Operating profit
Miss
$2.12 bln
$2.15 bln (10 Analysts)
FY Adjusted EBITDA Margin
49.30%
FY Dividend
$0.04


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Airtel Africa PLC is GBp341.00, about 6.3% below its May 7 closing price of GBp364.00

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)