IHS Holding Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,766	1,711	2,126	1,961	1,580	1,403
Revenue Growth (YoY)	-0.97%	-19.49%	8.37%	24.15%	12.58%	13.98%
Cost of Revenue	891.49	890.53	1,183	1,157	907.39	838.42
Gross Profit	874.33	820.69	942.23	804.3	672.34	564.73
Selling, General & Admin	280.96	429.82	404.78	501.18	336.51	236.11
Other Operating Expenses	-88.21	-88.27	6.8	-9.12	-52.54	-3.33
Operating Income	681.58	479.15	530.65	312.25	388.37	331.95
Interest Income	362.02	33.75	25.21	15.83	25.52	148.97
Interest Expense	-481.95	-2,123	-2,437	-872.05	-422.03	-633.77
Total Non-Operating Income (Expense)	-119.93	-2,089	-2,411	-856.22	-396.51	-484.8
Pretax Income	561.65	-1,610	-1,881	-543.98	-8.14	-152.85
Provision for Income Taxes	108.19	33.96	107.53	-75.01	17.98	-169.83
Net Income	453.47	-1,644	-1,988	-468.97	-26.12	16.98
Net Income to Common	453.47	-1,644	-1,988	-468.97	-26.12	16.98
Shares Outstanding (Basic)	333	333	333	331	301	294
Shares Outstanding (Diluted)	333	333	333	331	301	317
Shares Change (YoY)	0.28%	-0.03%	0.67%	9.89%	-5.09%	0.27%
EPS (Basic)	1.36	-4.90	-5.93	-1.39	-0.09	-1.09
EPS (Diluted)	1.36	-4.90	-5.93	-1.39	-0.09	-1.09
Free Cash Flow	782.57	464.27	277.49	363.63	352.77	408.52
Free Cash Flow Growth	68.56%	67.31%	-23.69%	3.08%	-13.65%	5.03%
Free Cash Flow Per Share	-	1.39	0.83	1.10	1.17	1.29
Gross Margin	49.51%	47.96%	44.33%	41.01%	42.56%	40.25%
Operating Margin	38.60%	28.00%	24.97%	15.92%	24.58%	23.66%
Profit Margin	25.68%	-96.08%	-93.54%	-23.91%	-1.65%	1.21%
FCF Margin	44.32%	27.13%	13.06%	18.54%	22.33%	29.11%
EBITDA	681.58	479.15	530.65	312.25	388.37	331.95
EBIT	681.58	479.15	530.65	312.25	388.37	331.95
EBIT Margin	38.60%	28.00%	24.97%	15.92%	24.58%	23.66%
Effective Tax Rate	19.26%	-2.11%	-5.72%	13.79%	-220.86%	111.11%

Updated Nov 12, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.

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