IHS Holding Limited reported fourth quarter and full year 2025 financial results with revenue from continuing operations of $397.8 million (+1.2% YoY) and $1,582.0 million (+3.6% YoY), Adjusted EBITDA of $249.8 million (+1.4% YoY) and $1,012.3 million (+9.0% YoY), and ALFCF of $448.1 million (+47.3% YoY). The company announced proposed sales including entire business to MTN Group Limited at $6.2 billion enterprise value and provided no 2026 guidance due to the transaction.
Key takeaways
Revenue from continuing operations Q4 2025: $397.8 million, +1.2% YoY to $393.2 million
Revenue from continuing operations FY 2025: $1,582.0 million, +3.6% YoY to $1,527.2 million
Adjusted EBITDA Q4 2025: $249.8 million, +1.4% YoY to $246.4 million
Adjusted EBITDA FY 2025: $1,012.3 million, +9.0% YoY to $928.4 million
ALFCF FY 2025: $448.1 million, +47.3% YoY to $304.2 million
Proposed sale of IHS Towers to MTN Group Limited announced February 17, 2026 at $6.2 billion enterprise value
Proposed sale of Latin American tower operations to Macquarie Asset Management at approx. $952 million enterprise value
Consolidated net leverage ratio 3.1x at December 31, 2025