**Summary**
Airtel Africa PLC reported strong financial results for the year ended March 31, 2026, highlighting significant growth across its operations. The company achieved a 24.0% increase in constant currency revenues, reaching $6,415 million, driven by a 10.5% rise in its customer base to 183.5 million. Data customers grew by 14.8% to 84.2 million, with smartphone penetration increasing to 49.5%. Airtel Money, the companys mobile money service, saw a 21.3% growth in customers to 54.1 million, with a 49% increase in annualized total processed value (TPV) to over $215 billion.
Financial performance was robust, with underlying EBITDA margins reaching 49.3% and peaking at 50.3% in Q426. Profit after tax increased significantly to $813 million, and basic EPS rose to 18.6 cents. The companys capital allocation strategy included increased Capex to $884 million, focusing on network expansion and digital infrastructure. Leverage improved, and the Board recommended a final dividend of 4.26 cents per share, totaling 7.1 cents for the year.
CEO Sunil Taldar emphasized the role of digital technologies and AI in driving growth and efficiency, with a 22% increase in smartphone customers and a 50% rise in data traffic. Airtel Moneys progress was noted, though the IPO timing was affected by geopolitical developments. The company remains committed to the listing when market conditions allow. Despite potential near-term margin pressure from energy cost increases, Airtel Africa is focused on sustainable growth and cost efficiency.
Strategically, Airtel Africa continues to invest in network infrastructure, digital platforms, and financial inclusion, with initiatives like the MyAirtel app and partnerships with SpaceX for satellite connectivity. The company aims to strengthen its position in key markets, enhance customer experience, and scale its home broadband and enterprise services. Overall, Airtel Africas performance reflects its strong market position and strategic focus on digital transformation and financial inclusion across Africa.
| Metric | Mar-26 | Mar-25 | Change |
|---|---|---|---|
| Revenue ($m) | 6,415 | 4,955 | 29.5% |
| Operating Profit ($m) | 2,115 | 1,457 | 45.1% |
| Profit After Tax ($m) | 813 | 328 | 147.4% |
| Basic EPS (cents) | 18.6 | 6.0 | 212.2% |
| Net Cash from Operating Activities ($m) | 3,195 | 2,266 | 41.0% |
| Underlying EBITDA ($m) | 3,162 | 2,304 | 37.2% |
| Net Debt ($m) | 5,590 | 5,363 | 4.2% |
| Leverage (Net Debt to Underlying EBITDA) | 1.8x | 2.3x | Improved |
| Lease-Adjusted Leverage | 0.5x | 1.0x | Improved |