IHS Holding Income Statement

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

Millions USD. 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
Revenue	1,582	1,527	1,925	1,961	1,580
Revenue Growth (YoY)	3.59%	-20.68%	-1.84%	24.15%	12.58%
Cost of Revenue	705.4	733.6	1,037	1,157	907.39
Gross Profit	876.6	793.6	888.7	804.3	672.34
Selling, General & Admin	234.8	275.4	364.7	501.18	336.51
Other Operating Expenses	-179.6	-85.8	-0.4	-9.12	-52.54
Operating Income	821.4	604	524.4	312.25	388.37
Interest Income	219.1	27.5	18.5	15.83	25.52
Interest Expense	-349.7	-2,042	-2,357	-872.05	-422.03
Total Non-Operating Income (Expense)	-130.6	-2,015	-2,339	-856.22	-396.51
Pretax Income	690.8	-1,411	-1,814	-543.98	-8.14
Provision for Income Taxes	86.4	69.3	102.8	-75.01	17.98
Net Income	143.6	-1,632	-1,977	-459.01	-25.83
Minority Interest in Earnings	-16.8	-12.2	-11.6	-9.96	-0.29
Net Income to Common	143.6	-1,632	-1,977	-459.01	-25.83
Shares Outstanding (Basic)	335	333	333	331	301
Shares Outstanding (Diluted)	335	333	335	336	322
Shares Change (YoY)	0.60%	-0.62%	-0.27%	4.52%	1.31%
EPS (Basic)	0.43	-4.90	-5.93	-1.39	-0.09
EPS (Diluted)	0.42	-4.90	-5.93	-1.39	-0.09
Free Cash Flow	684.2	464.3	277.5	363.63	352.77
Free Cash Flow Growth	47.36%	67.31%	-23.69%	3.08%	-13.65%
Free Cash Flow Per Share	2.04	1.39	0.83	1.08	1.10
Gross Margin	55.41%	51.96%	46.16%	41.01%	42.56%
Operating Margin	51.92%	39.55%	27.24%	15.92%	24.58%
Profit Margin	8.02%	-107.66%	-103.27%	-23.91%	-1.65%
FCF Margin	43.25%	30.40%	14.41%	18.54%	22.33%
EBITDA	1,200	976.6	969.5	790.78	779.57
EBITDA Margin	75.87%	63.95%	50.36%	40.32%	49.35%
EBIT	821.4	604	524.4	312.25	388.37
EBIT Margin	51.92%	39.55%	27.24%	15.92%	24.58%
Effective Tax Rate	12.51%	-4.91%	-5.67%	13.79%	-220.86%

Updated Dec 31, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.

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