Airtel Africa, one of the leading telecommunications companies in Africa, recently released its financial results for the fiscal year ending March 31, 2025. The company reported an annualised mobile money transaction value of $145 billion, reflecting a significant 34% increase in constant currency. This growth was driven by a 17.3% increase in the number of mobile money customers, reaching a total of 44.6 million users.
The total revenue for FY25 stood at $4.96 billion, marking a remarkable 21.1% growth in constant currency. However, due to currency devaluations, particularly in Nigeria, reported revenue declined by 0.5%. Mobile services revenue experienced an 18.8% increase in constant currency, with voice revenue growing by 9.8% and data revenue by 29.5%. Mobile money revenue also saw significant growth, increasing by 29.6% in constant currency.
Despite a 5.1% decline in reported EBITDA to $2.3 billion, Airtel Africa managed to maintain an EBITDA margin of 46.5%. The decline was attributed to increased fuel prices and Nigeria’s lower contribution to the overall revenue. The company’s profit after tax rebounded to $328 million in FY25, a substantial increase from $103 million in the previous year.
In Nigeria, Airtel Africa’s largest market, revenue declined by 44.2% in reported currency due to the significant devaluation of the naira. However, in constant currency terms, revenue grew by 35.8%, with voice and data revenues increasing by 23.0% and 44.4%, respectively. Nigeria’s currency devaluations have been a persistent challenge for Airtel’s financial performance, with the telecom operator suffering losses specifically in Nigeria.
To mitigate currency risks, Airtel Africa has increased its exposure to local currency debt to 93.4%, up from 83% the previous year. This strategic move aims to enhance financial stability amid currency volatility. The company continues to invest in network expansion and digital infrastructure to support its growth across the continent.
Overall, Airtel Africa’s financial results for FY25 showcase strong growth in mobile money transactions, total revenue, and customer base. Despite challenges posed by currency devaluations, the company remains focused on driving innovation and expanding its presence in key markets across Africa.
