May 15, 2026/InvestmentOne Report Airtel Africa reported a materially stronger financial result for FY2026, with Group revenues advancing 29.50% YoY in reported currency to USD6.42bn, underpinned by constant currency growth of 24.00% a metric we regard as the more instructive measure of underlying operational performance, as it eliminated the distortionary […]
Results & Dividends
MTN Nigeria Q1-26 Update: Investment Case Remains Intact; TP Raised to NGN1,047.85
May 14, 2026/Cordros Report We revise our 2026E estimates for MTNN following its Q1-26 earnings release. Specifically, we raise our 2026E revenue growth forecast to 24.0% y/y (Prev: +22.6% y/y), reflecting stronger subscriber momentum across both voice and data, with net adds now projected at 7.83m and 4.77m, respectively (Prev.: +5.71m […]
FY’26 Airtel Africa Maintains Strong Growth Trajectory Amid Improving Profitability
May 11, 2026/CSL Report Financial Highlights: Revenue: +29.5% y/y to US$6.4bn Direct Network Operating Costs: +21.5% y/y to US$1.2bn OPEX: +22.3% y/y to US$2.1bn EBITDA +38.2% y/y to US$3.2bn Operating Profit: +45.2% y/y to US$2.1bn Profit before Tax: +114.7% y/y to US$1.4bn Stock Rating: Buy Target Price: N4,096.2/s Airtel Africa […]
