Airtel Africa Plc (LON:AAF)

Airtel Africa Financials Overview

Financials in millions USD. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	6,876	6,442	4,977	5,000	5,268	4,724
Revenue Growth	31.37%	29.43%	-0.46%	-5.09%	11.52%	20.54%
Gross Profit Gross Profit Growth	5,060	4,705	3,504	3,516	3,590	3,256
Operating Income Operating Income Growth	2,296	2,115	1,457	1,640	1,757	1,535
Net Income Net Income Growth	713	679	220	-165	663	631
Earnings Per Share EPS Growth	0.20	0.19	0.06	-0.04	0.18	0.17
EPS Growth	116.48%	210.00%	-	-	5.36%	86.67%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Nigeria Mobile Services Nigeria Mobile Services Growth	1,764	1,598	1,045	1,503	2,128	1,878
East Africa Mobile Services East Africa Mobile Services Growth	2,301	2,192	1,843	1,622	1,508	1,395
Francophone Africa Mobile Services Francophone Africa Mobile Services Growth	1,606	1,550	1,300	1,213	1,090	1,033
Mobile Money Mobile Money Growth	1,469	1,355	994	837	692	553
Eliminations Eliminations Growth	-	-317	-254	-218	-177	-145
Unallocated Unallocated Growth	-	37	27	22	14	-
Total Total Growth	6,860	6,415	4,955	4,979	5,255	4,714

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	876	863	633	975	717	1,016
Total Debt Total Debt Growth	6,557	6,412	5,982	4,462	4,225	3,932
Net Cash (Debt) Net Cash Growth	-5,681	-5,549	-5,349	-3,487	-3,508	-2,916
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-1.55	-1.52	-1.44	-0.93	-0.93	-0.78

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	3,413	3,195	2,266	2,259	2,229	2,011
Capital Expenditures CapEx Growth	-921	-753	-736	-868	-779	-717
Free Cash Flow Free Cash Flow Growth	2,492	2,442	1,530	1,391	1,450	1,294
Free Cash Flow Growth	45.05%	59.61%	9.99%	-4.07%	12.06%	26.74%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	73.59%	73.04%	70.40%	70.32%	68.15%	68.92%
Operating Margin	33.39%	32.83%	29.27%	32.80%	33.35%	32.49%
Pretax Margin	16.14%	22.03%	13.28%	-1.26%	19.63%	25.91%
Profit Margin	9.54%	12.62%	6.59%	-1.78%	14.24%	15.98%
FCF Margin	36.24%	37.91%	30.74%	27.82%	27.52%	27.39%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	0.053	0.071	0.065	0.059	0.054	0.050
Dividend Per Share Growth	9.06%	9.23%	9.24%	9.17%	9.00%	25.00%
Dividend Yield	1.58%	1.48%	2.89%	4.23%	3.95%	2.45%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	22.60	24.54	35.66	-	7.43	10.92
Forward PE	16.43	19.86	16.72	10.70	7.37	9.33
P/FCF Ratio	6.45	6.82	5.13	3.60	3.40	5.32
PS Ratio	2.34	2.58	1.58	1.00	0.94	1.46

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 23, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jul 29, 2026

Data Sources Report a data error