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MARKETS / NYSE / IHS
NYSE · RADIOTELEPHONE COMMUNICATIONS · LARGE CAP

IHS Holding Ltd. IHS

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.6B
▲ 3.6% YoY
$143.6M
$718.7M
▲ 45.4% YoY
In brief

What this company does

Its core business is providing shared communications infrastructure services to MNOs and other customers, who in turn provide wireless voice, data and fiber services to their end users and subscribers. As of December 31, 2025, it operated 37,590 Towers across five countries in Africa and two countries in Latin America. As of December 31, 2025, its owned and operated tower portfolio supported 54,874 Tenants, with a Colocation Rate of 1.46x. It provides customers with opportunities to lease space on existing Towers alongside current Tenants, known as Colocation, to install additional equipment on a Tower or request certain ancillary services, known as Lease Amendments, or to commission the construction of new Towers to a customer's specifications, known as New Sites. In Nigeria, it provides "Fiber-to-the-Tower" connectivity to its customers. In Brazil, it provides "Fiber-to-the-Home" fiber connectivity to its customers through I-Systems, a neutral network infrastructure solution for broadband service.

Written from the business description in IHS Holding Ltd's annual report to the U.S. Securities and Exchange Commission, filed 16 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.6B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.6 · Net income 0.1
0.8B1.6B-0.8B-1.6B2019202020212022202320242025
Compound annual growth
−6.9%
+2.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 51.9% · Net 8.0%
20%40%-50%-100%2019202020212022202320242025
ROE
FY2023 · ROE -318.1%
-100%-200%-300%2019202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 718.7
250.0M500.0M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks 10.0
4M8M2023

Total assetsUSD 4.5B
EquityUSD -251.3M
CashUSD 825.7M
Gross debtUSD 3.1B
Net debtUSD 2.3B
Current ratio2.08×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B1.61.51.92.01.61.41.2
Operating income $B0.80.60.50.30.40.3−0.2
EBITDA $B·1.01.00.80.80.70.2
Income tax $B0.10.10.1−0.10.00.20.0
Net income $B0.1−1.6−2.0−0.5−0.0−0.3−0.4
Free cash flow $B0.70.50.40.50.50.50.6
EPS, diluted $0.42−4.90−5.93−1.39−0.09−1.09−1.44
Dividend / sh $·······
Payout %·······
ROE %··−318.1−34.6−1.9−26.6·
Shares out B0.340.330.330.330.33··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRadiotelephone Communications
Listed onNYSE
Incorporated inoutside the United States — SEC code O4
Fiscal year endsDecember 31
Data on record since2019

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