Airtel Africa's net profit has jumped five-fold to $156 million in the first quarter of 2025, driven by strong growth in its mobile money and data businesses.
The company's revenue rose 24.9% to $1.415 billion, fueled by tariff adjustments in Nigeria and a strong performance in Francophone Africa.
The company's total customer base grew by 9% to 169.4 million, with data customers increasing 17.4% to 75.6 million.
The company's total customer base grew by 9% to 169.4 million, with data customers increasing 17.4% to 75.6 million.
Airtel Money customers rose 16.1% to 45.8 million, with annualized transaction value increasing 35% to $162 billion.
Airtel Africa's data revenue grew 38.1% in constant currency, driven by a 47.4% increase in data usage across the network.
Airtel Africa's data revenue grew 38.1% in constant currency, driven by a 47.4% increase in data usage across the network.
The company's EBITDA grew 29.8% to $679 million, with EBITDA margins expanding to 48.0% from 45.3% in the prior period.
Airtel Africa's CEO, Sunil Taldar, expressed satisfaction with the company's strong performance, citing its focus on customer experience and digital inclusion.
Airtel Africa's CEO, Sunil Taldar, expressed satisfaction with the company's strong performance, citing its focus on customer experience and digital inclusion.
The company plans to continue investing in its network infrastructure and growing its mobile money business, with a potential IPO for Airtel Money in the first half of 2026.
Chuks Egbune/Editor
Chuks Egbune/Editor
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