IHS Holding Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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 (YoY)	3.69%	3.59%	-20.68%	-1.84%	24.15%	12.58%
Cost of Revenue	812	705.4	733.6	1,037	1,157	907.39
Gross Profit	889.6	876.6	793.6	888.7	804.3	672.34
Selling, General & Admin	330.3	234.8	275.4	364.7	501.18	336.51
Other Operating Expenses	-182.1	-179.6	-85.8	-0.4	-9.12	-52.54
Operating Income	741.4	821.4	604	524.4	312.25	388.37
Interest Income	340.1	219.1	27.5	18.5	15.83	25.52
Interest Expense	-427	-349.7	-2,042	-2,357	-872.05	-422.03
Total Non-Operating Income (Expense)	-86.9	-130.6	-2,015	-2,339	-856.22	-396.51
Pretax Income	654.5	690.8	-1,411	-1,814	-543.98	-8.14
Provision for Income Taxes	70.5	86.4	69.3	102.8	-75.01	17.98
Net Income	186.4	143.6	-1,632	-1,977	-459.01	-25.83
Minority Interest in Earnings	-13.2	-16.8	-12.2	-11.6	-9.96	-0.29
Net Income to Common	186.4	143.6	-1,632	-1,977	-459.01	-25.83
Shares Outstanding (Basic)	336	335	333	333	331	301
Shares Outstanding (Diluted)	336	335	333	335	336	322
Shares Change (YoY)	0.77%	0.60%	-0.62%	-0.27%	4.52%	1.31%
EPS (Basic)	0.56	0.43	-4.90	-5.93	-1.39	-0.09
EPS (Diluted)	0.53	0.42	-4.90	-5.93	-1.39	-0.09
Shares Outstanding	335.71	335.52	333.44	333.18	331.92	327.82
Free Cash Flow	722.5	684.2	464.3	277.5	363.63	352.77
Free Cash Flow Growth	5.60%	47.36%	67.31%	-23.69%	3.08%	-13.65%
Free Cash Flow Per Share	2.15	2.04	1.39	0.83	1.08	1.10
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%
Profit Margin	9.60%	8.02%	-107.66%	-103.27%	-23.91%	-1.65%
FCF Margin	42.46%	43.25%	30.40%	14.41%	18.54%	22.33%
EBITDA	993.5	1,200	976.6	969.5	790.78	779.57
EBITDA Margin	58.39%	75.87%	63.95%	50.36%	40.32%	49.35%
EBIT	741.4	821.4	604	524.4	312.25	388.37
EBIT Margin	43.57%	51.92%	39.55%	27.24%	15.92%	24.58%
Effective Tax Rate	10.77%	12.51%	-4.91%	-5.67%	13.79%	-220.86%

Updated May 11, 2026. Data Source: Fiscal.ai. standard template. Financial Sources.

SEC Filings: 10-K · 10-Q