Airtel Africa H1 revenue rises on strong growth across regions and segments

Overview

• Pan-Africa telecom and mobile money firm's H1 revenue rose 28% yr/yr

• Adjusted EBITDA for H1 rose 33% yr/yr, margin reached record 50.3%

• Company completed IPO of Airtel Money on London Stock Exchange

Outlook

• Company did not provide specific financial guidance or outlook for the current or future periods in its press release

• Company says margin performance will depend on macroeconomic environment and fuel costs

• Company expects mobile money and mobile services to drive shared growth opportunities

Result Drivers

• CUSTOMER GROWTH - Co said revenue growth was driven by increases in total, data and mobile money customers

• SMARTPHONE PENETRATION - Co said higher smartphone penetration and increased data usage per customer boosted data revenue and ARPU

• NETWORK INVESTMENT - Co said increased capex and network expansion supported customer growth and service quality

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 1 "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 GBp362.84, about 32.3% above its October 29 closing price of GBp274.20

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads

• Oct 28 - T-Mobile Q3 revenue beats estimates on postpaid service growth; lifts profit outlook

• Oct 28 - Norway's Telenor Q3 service revenue rises, maintains 2026 forecast

• Oct 27 - Broadband provider HKBN FY revenue rises on enterprise solutions growth

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.)