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Sep 30
IHS Q3 2025 Earnings Report
IHS reported a net income of $147.4M and improved profitability in Q3 2025.
Key Takeaways
IHS Holding Limited delivered a strong Q3 2025 with a return to profitability, driven by increased revenue, improved operational efficiency, and a surge in finance income. Adjusted EBITDA margin remained strong despite macroeconomic pressures.
Revenue rose to $455.1 million in Q3 2025, up from $420.3 million in Q3 2024.
Net income reached $147.4 million, recovering from a loss of $205.7 million in Q3 2024.
Adjusted EBITDA was $261.5 million, with a margin of 57.5%.
Finance income surged to $130.2 million, primarily from foreign exchange gains and derivative valuations.
IHS
IHS
IHS Revenue by Segment
IHS Revenue by Geographic Location
Revenue by Segment
Nigeria Revenue
CapyFin.comSSA Revenue
CapyFin.comLatam Revenue
CapyFin.comRevenue by Geographic Location
Nigeria Revenue
CapyFin.comSSA Revenue
CapyFin.comLatam Revenue
CapyFin.com Forward Guidance
IHS aims to continue cost optimization, debt reduction, and strategic realignment in light of macroeconomic challenges and asset sales.
Positive Outlook
- Signed new site agreement with TIM S.A. to build up to 3,000 sites in Brazil.
- Completed sale of Rwandan operations, boosting liquidity.
- Strong cash position of $651.5 million as of Q3 end.
- Reduced exposure to diesel cost volatility in South Africa and Nigeria.
- Continued progress in carbon reduction roadmap initiatives.
Challenges Ahead
- Continued pressure from foreign exchange fluctuations, especially Nigerian Naira.
- Impact of customer insolvency (Oi S.A.) requiring asset impairments.
- Macroeconomic uncertainty in core markets.
- High debt levels with $3.27 billion in borrowings.
- Increased income tax expense impacting net profit margin.