Results & Dividends

Airtel Africa FY 2025: Profit Rebound Driven by Lower FX Losses

May 8, 2025/CSL Research Financial Highlights: Revenue: -0.5% y/y to US$4.96BN Direct Network Operating Costs: +5.2% y/y to US$974M OPEX: +4.2% y/y to US$1.72BN EBITDA -5.8% y/y to US$2.29BN Operating Profit: -11.2% y/y to US$1.46BN Profit before Tax: US$661BN from a Loss before Tax US$63m Stock Rating: BUY Target Price: […]

Airtel Africa Plc 2025FY: Lower Finance Costs Drive Earnings Recovery

May 8, 2025/Cordros Report Airtel Africa Plc (AIRTELAFRI) published their 2025FY audited results today (08 May), reporting an EPS of USD0.06 (vs loss per share of USD0.04 in 2024FY). The turnaround in earnings largely reflects a 51.7% y/y decline in total finance cost to USD821.97 million (2024FY: USD1.70 billion). Meanwhile, […]

First HoldCo Plc Q1-25 Update: Solid Funded Income to Sustain Earnings

May 8, 2025/Cordros Report FIRSTHOLDCO released its Q1-25 results reporting a 3.3% y/y growth in gross earnings, fueled by growth in core income (+40.2% y/y) which offset the decline in non-core income (-60.0% y/y). Consequently, profitability came in lower due to the lower non-funded income with PBT and PAT dipping […]