Airtel Africa’s profit after tax grew by 408.1 percent to $156 million in the three months ended June 2025 from $31 million in the corresponding period of 2024.
According to the company’s first-quarter financial results released on Thursday, the sharp increase in profit was due to the absence of prior-period losses from derivatives and currency depreciation and the addition of a $22 million FX gain from the stronger Central African franc (CFA) during the quarter.
It disclosed that group revenue in reported currency increased by 22.4 percent to $1,415 million, with constant currency growth of 24.9 percent. Group mobile services revenue grew by 23.8 percent in constant currency, supported by data revenue growth of 38.1 percent and voice revenue growth of 13.9 percent.
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“The acceleration in constant currency revenue growth from the previous quarter reflects not only the impact of the tariff adjustments in Nigeria, but also a strong performance in Francophone Africa, reflecting the continued execution of our strategy focused on the customer experience,” it said.
Its Nigerian arm’s revenue grew by 48.6% in constant currency, largely driven by continued strength in the demand for data services, further supported by the full quarter impact of tariff adjustments. In reported currency, revenues grew by 29.8 percent to $332 million.
“The difference in constant and reported currency revenue growth was due to devaluation in the Nigerian Naira from a weighted average rate of 1,384 NGN/USD in Q1’25 to 1,585 NGN/USD in Q1’26. The constant currency revenue growth was driven by ARPU growth of 40.5%, while our customer base grew by 6.3 percent,’ the report disclosed.
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Sunil Taldar, chief executive officer, said the strong growth in our operating and financial performance in the first quarter reflects the sustained demand for our services and the strength of our business model to meet these demands.
‘Operationally, the acceleration in customer base growth to 9 percent and 17.4 percent growth in our data customers to 75.6 million reflects the strong on-ground execution with a relentless focus on digitisation and the simplification of the customer experience. Our strategy continues to prioritise the customer experience, as demonstrated by the launch of Airtel Spam Alert—an AI-powered solution aimed at enhancing trust and delivering a safer network environment,” it said.
