IHS Holding Limited (IHS)

NYSE: IHS · Real-Time Price · USD

8.26

+0.06 (0.73%)

At close: Aug 3, 2026, 4:00 PM EDT

8.26

0.00 (0.00%)

After-hours: Aug 3, 2026, 4:10 PM EDT

IHS Holding Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Revenue	1,702	1,582	1,527	1,925	1,961	1,580
Revenue Growth	3.69%	3.59%	-20.68%	-1.84%	24.15%	12.58%
Gross Profit	889.6	876.6	793.6	888.7	804.3	672.34
Operating Income	741.4	821.4	604	524.4	312.25	388.37
Net Income	186.4	143.6	-1,632	-1,977	-459.01	-25.83
Earnings Per Share	0.53	0.42	-4.90	-5.93	-1.39	-0.09
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Nigeria	1,082	1,069	998.5	1,382	1,352	1,147
Sub Saharan Africa Business (SSA)	522.9	513.2	483.8	503	412.82	343.95
Middle East and North Africa Business (MENA)	-	-	44.9	40.7	36.07	29.35
Total	1,605	1,582	1,527	1,925	1,961	1,580

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Investments	940.5	825.7	578	293.82	514.08	916.49
Total Debt	3,502	3,510	3,901	4,113	3,950	2,985
Net Cash (Debt)	-2,562	-2,684	-3,323	-3,819	-3,436	-2,069
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-7.63	-8.01	-9.98	-11.39	-10.22	-6.43

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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 Cash Flow	964.4	936.2	729.4	853.5	907.3	750.19
Capital Expenditures	-241.9	-252	-265.1	-576	-543.68	-397.42
Free Cash Flow	722.5	684.2	464.3	277.5	363.63	352.77
Free Cash Flow Growth	20.86%	47.36%	67.31%	-23.69%	3.08%	-13.65%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Gross Margin	52.28%	55.41%	51.96%	46.16%	41.01%	42.56%
Operating Margin	43.57%	51.92%	39.55%	27.24%	15.92%	24.58%
Pretax Margin	38.46%	43.67%	-92.37%	-94.22%	-27.74%	-0.52%
Profit Margin	5.65%	8.02%	-107.66%	-103.27%	-23.91%	-1.65%
FCF Margin	42.46%	43.25%	30.40%	14.41%	18.54%	22.33%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 3, 2026	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
PE Ratio	4.37	17.76	-	-	-	-
Forward PE	7.07	13.69	17.41	11.52	22.30	65.66
P/FCF Ratio	3.84	3.66	2.10	5.52	5.61	13.10
PS Ratio	1.73	1.58	0.64	0.80	1.04	2.93