Airtel Networks Zambia Income Statement

Financials in millions ZMW. Fiscal year is January - December.

Millions ZMW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	8,954	7,117	5,640	4,450	3,580
Other Revenue	-	5.16	75.33	-	-
Revenue	8,954	7,122	5,715	4,450	3,580
Revenue Growth (YoY)	25.72%	24.62%	28.42%	24.30%	37.80%
Cost of Revenue	-	1,913	1,520	1,213	1,170
Gross Profit	8,954	5,209	4,196	3,238	2,410
Selling, General & Admin	-	846.38	602.7	474.85	355.68
Other Operating Expenses	5,369	842.62	537.9	376.39	294.53
Operating Expenses	5,369	2,573	1,921	1,445	1,157
Operating Income	3,585	2,636	2,275	1,793	1,254
Interest Expense	-894	-547.06	-425.95	-277.5	-222.49
Interest & Investment Income	-	1.26	0.27	0.43	0.09
Currency Exchange Gain (Loss)	-	-138.33	-76.41	-55.18	71.84
Other Non Operating Income (Expenses)	-	-3.57	-3.04	-	-
EBT Excluding Unusual Items	2,691	1,949	1,770	1,460	1,103
Gain (Loss) on Sale of Assets	-	0.64	0.51	0.1	0.08
Pretax Income	2,691	1,949	1,770	1,460	1,103
Income Tax Expense	928	697.53	631.23	538.87	409.79
Net Income	1,763	1,252	1,139	921.48	693.29
Net Income to Common	1,763	1,252	1,139	921.48	693.29
Net Income Growth	40.85%	9.87%	23.63%	32.91%	-
Shares Outstanding (Basic)	104	104	104	104	104
Shares Outstanding (Diluted)	104	104	104	104	104
Shares Change (YoY)	0.01%	-	-	-	-
EPS (Basic)	16.95	12.04	10.95	8.86	6.67
EPS (Diluted)	16.95	12.04	10.95	8.86	6.67
EPS Growth	40.83%	9.87%	23.63%	32.91%	-
Free Cash Flow	2,596	2,273	1,325	890.81	719.53
Free Cash Flow Per Share	24.96	21.86	12.74	8.56	6.92
Dividend Per Share	-	11.990	11.200	8.500	2.400
Dividend Growth	-	7.05%	31.77%	254.17%	-
Gross Margin	100.00%	73.14%	73.41%	72.75%	67.32%
Operating Margin	40.04%	37.02%	39.81%	40.28%	35.01%
Profit Margin	19.69%	17.57%	19.93%	20.71%	19.36%
Free Cash Flow Margin	28.99%	31.92%	23.19%	20.02%	20.10%
EBITDA	4,295	3,347	2,893	2,235	1,629
EBITDA Margin	47.97%	46.99%	50.61%	50.22%	45.51%
D&A For EBITDA	710.26	710.26	617.64	442.42	375.7
EBIT	3,585	2,636	2,275	1,793	1,254
EBIT Margin	40.04%	37.02%	39.81%	40.28%	35.01%
Effective Tax Rate	34.48%	35.78%	35.65%	36.90%	37.15%
Revenue as Reported	-	7,123	5,716	4,451	3,582

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.