IHS Holding Limited (IHS)

IHS Holding Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	376.1	119.5	-1,610	-1,881	-543.98	-8.14
Depreciation & Amortization	252.1	378.8	372.6	445.1	478.54	391.2
Stock-Based Compensation	55.9	29.1	27.9	13.4	13.27	11.78
Other Adjustments	80.7	442.4	2,144	2,550	1,065	463.06
Change in Receivables	-69.9	1.4	-200.6	-295.3	-141.72	-164.38
Changes in Inventories	5.7	-10.8	-15	11.2	-37.75	6.69
Changes in Accounts Payable	58.7	22.6	56.9	59.1	133.23	87.87
Changes in Income Taxes Payable	-45	-44.7	-38.6	-45.4	-51.25	-29.15
Changes in Other Operating Activities	-2.2	-2.1	-7.9	-4	-8.33	-8.74
Operating Cash Flow	964.4	936.2	729.4	853.5	907.3	750.19
Operating Cash Flow Growth	12.95%	28.35%	-14.54%	-5.93%	20.94%	18.09%
Capital Expenditures	-241.9	-252	-265.1	-576	-543.68	-397.42
Sale of Property, Plant & Equipment	2.4	2	26.7	2.9	1.83	4.74
Purchases of Intangible Assets	-	-0.1	-4	-22.8	-15.7	-5.05
Purchases of Investments	-16	-17	-43.7	-183.4	-512.11	-103.65
Proceeds from Sale of Investments	24.2	32.3	211.5	36.3	270.83	-
Payments for Business Acquisitions	-	-	-	-4.5	-735.74	-401.04
Proceeds from Business Divestments	174.6	169.8	119	-	-	-
Other Investing Activities	43.5	42.7	18.8	25.3	17.27	24.47
Investing Cash Flow	-13.2	-22.3	63.2	-722.2	-1,517	-877.95
Long-Term Debt Issued	195.9	195.9	2,208	986.6	1,263	1,076
Long-Term Debt Repaid	-383.1	-386.9	-2,149	-689.9	-506.5	-653.5
Net Long-Term Debt Issued (Repaid)	-187.2	-191	59.1	296.7	756.77	422.56
Issuance of Common Stock	-	-	-	-	-	378
Repurchase of Common Stock	-	-	-	-10	-	-
Net Common Stock Issued (Repurchased)	-	-	-	-10	-	378
Other Financing Activities	-433	-453.1	-490.1	-449	-358.53	-276.29
Financing Cash Flow	-620.2	-644.1	-431	-162.3	398.24	524.27
Effect of Exchange Rate Changes on Cash and Cash Equivalents	6.5	5.5	-77.4	-189.3	-190.67	-65.43
Net Cash Flow	331	269.8	361.6	-31	-211.74	396.51
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%
FCF Margin	42.46%	43.25%	30.40%	14.41%	18.54%	22.33%
Free Cash Flow Per Share	2.15	2.04	1.39	0.83	1.08	1.10
Levered Free Cash Flow	26.6	44.4	-1,470	-1,790	268.53	447.18
Unlevered Free Cash Flow	688.94	810.47	736.57	444.12	239.96	1,297

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

SEC Filings: 10-K · 10-Q