IHS Holding LtdIHSEarnings & Financial Report
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-largest independent multinational tower company in the world.
Revenue
$253.8M
Gross Profit
$182.9M
Operating Profit
N/A
Net Profit
N/A
Gross Margin
72.1%
Operating Margin
N/A
Net Margin
N/A
YoY Growth
-18.0%
Financial Flow
IHS Holding Ltd Q4 2024 Financial Summary
IHS Holding Ltd reported revenue of $253.8M (down 18.0% YoY) for Q4 2024, with a net profit of N/A (N/A margin). Cost of goods sold was $70.9M.
Key Financial Metrics
| Total Revenue | $253.8M |
|---|---|
| Net Profit | N/A |
| Gross Margin | 72.1% |
| Operating Margin | N/A |
| Report Period | Q4 2024 |
IHS Holding Ltd Annual Revenue by Year
IHS Holding Ltd annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.6B |
| 2024 | $1.5B |
| 2023 | $1.9B |
IHS Holding Ltd Quarterly Revenue & Net Profit History
IHS Holding Ltd results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $254.0M | +0.1% | N/A | N/A |
| Q3 2025 | $455.1M | +8.3% | $147.4M | 32.4% |
| Q2 2025 | $433.3M | -0.5% | $32.3M | 7.5% |
| Q1 2025 | $439.6M | +5.2% | $30.7M | 7.0% |
| Q4 2024 | $253.8M | -18.0% | N/A | N/A |
| Q3 2024 | $420.3M | -10.0% | $-205.7M | -48.9% |
| Q2 2024 | $435.4M | -20.3% | $-124.3M | -28.5% |
| Q1 2024 | $417.7M | -30.7% | $-1.6B | -372.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $417.7M | $435.4M | $420.3M | $253.8M | $439.6M | $433.3M | $455.1M | $254.0M |
| YoY Growth | -30.7% | -20.3% | -10.0% | -18.0% | 5.2% | -0.5% | 8.3% | 0.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.61B | $4.54B | $4.57B | $4.25B | $4.42B | $4.49B | $4.68B | $4.49B |
| Liabilities | $4.77B | $4.83B | $4.84B | $4.56B | $4.60B | $4.59B | $4.65B | $4.58B |
| Equity | $-163.2M | $-308.3M | $-284.7M | $-314.4M | $-184.4M | $-98.4M | $38.1M | $-89.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $75.8M | $134.7M | $174.5M | $344.4M | $200.3M | $237.7M | $251.3M | $246.9M |