Airtel Africa has announced its financial results for the quarter ended June 30, 2025. Mobile services revenue across the Group grew by 23.8 per cent in constant currency, driven by a 13.9 per cent increase in voice revenue and a 38.1 per cent rise in data revenue. Mobile money revenues also witnessed strong momentum, recording a 30.3 per cent year-on-year (YoY) growth in constant currency.
The profit after tax (PAT) stood at $156 million during the quarter ended June 30, 2025, as compared to $31 million in the prior period, marking a 408.1 per cent YoY increase. The prior period was significantly impacted by derivative and foreign exchange losses, primarily in Nigeria, while the current quarter benefitted from a $22 million gain largely arising from the appreciation of the central African franc (CFA).
The earnings before interest, tax, depreciation and amortisation (EBITDA) stood at $679 million during the quarter ended June 30, 2025, up from $523 million in the corresponding period last year, reflecting a 29.8 per cent YoY growth. In constant currency terms, EBITDA increased by 32.7 per cent. Meanwhile, the EBITDA margin expanded to 48.0 per cent from 45.3 per cent in the prior period, reflecting an increase of 276 basis points (bps). This improvement was driven by continued operating momentum, more stable fuel prices, and sustained benefits from the Group’s cost efficiency programme. In constant currency terms, the margin expanded by 282 bps.
Further the revenue for the quarter stood at $1,415 million, up from $1,156 million in the prior period, reflecting a growth of 22.4 per cent in reported currency and 24.9 per cent in constant currency. This increase was supported by easing currency headwinds over the past three quarters. The acceleration in constant currency revenue growth compared to the previous quarter was driven by tariff adjustments in Nigeria and robust performance in Francophone Africa, underpinned by the Group’s continued focus on enhancing customer experience.
The mobile money customer base grew by 16.1 per cent YoY to reach 45.8 million as of June 30, 2025, up from 39.5 million in the prior period. The total customer base increased by 9.0 per cent YoY to reach 169.4 million up from 155.4 million in the prior period, supported by the Group’s continued focus on bridging the digital divide across its markets. The average revenue per user (ARPU) increased by 12.2 per cent YoY to $2.8 during the quarter ended June 30, 2025, up from $2.5 in the prior period. In constant currency terms, ARPU grew by 14.5 per cent.
Commenting on the results, the chief executive officer (CEO), Airtel Africa, said, “We are very pleased with the strong growth in our operating and financial performance in the first quarter. The strength of this performance, and the scale of the growth we achieved, 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 per cent, and 17.4 per cent 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. This underscores our commitment to leveraging technology to lower barriers to smartphone adoption. With smartphone penetration at only 45.9 per cent, we see significant headroom to drive further adoption and play a key role in bridging the digital divide. Mobile money remains a cornerstone of our current and future growth proposition. With our customer base approaching 46 million and expanding by over 16 per cent, we see significant potential to further advance financial inclusion through the continued growth of our financial services offering. The continued expansion of our mobile money portfolio and the advancement of enterprise and digital payments contributed to a 35 per cent growth in annualised transaction value to $162 billion. We will continue to focus on technology and the range of product offerings to deliver a differentiated experience for our customers. The provision of these essential services and the strategic focus on providing a great customer experience underpinned the acceleration in constant currency revenue growth to 24.9 per cent, translating into reported currency revenue growth of over 22 per cent as currencies stabilise. This strong revenue performance and continued cost efficiencies contributed to further EBITDA margin expansion which resulted in strong EBITDA growth of approximately 30 percent, and we remain focussed on further margin improvements subject to macroeconomic stability. With a strong balance sheet and sustained network investment, I remain confident about our ability to capture the available growth potential across our markets and remain committed to efficiently and effectively delivering services that help to improve the lives, communities and economies we serve.”
