WATCH THE VIDEO HERE IHS Holding Ltd. (IHS) has reported a pre-tax profit of $236.35 million in its fourth quarter of 2024, a significant turnaround from the pre-tax loss of $438.41 million recorded in the same period last year. The telecommunications infrastructure company generated $437.82 million in revenue for Q4 2024, compared to $509.78 million in Q4 2023, reflecting a decline in top-line performance. However, despite the quarterly profitability, full-year 2024 results show a pre-tax loss of $1.61 billion, translating to a loss per share of $4.90. Annual revenue came in at $1.71 billion, down from $2.13 billion in 2023. San Darwish, Chairman and CEO of IHS Towers, commented on the results: “We are reporting a strong performance in the fourth quarter, with our key metrics revenue, Adjusted EBITDA, and ALFCF all ahead of our guidance, while Total Capex was below expectations, and we saw a drop in our consolidated net leverage ratio. We believe our positive momentum reflects both the continued strong secular trends we are seeing across our business, a more stable macroeconomic environment, as well as the significant commercial and financial progress we have made during 2024 as part of our ongoing strategic review.” Financial highlights: Full-year 2024 revenue declined by 19.48% but increased 48.1% on an organic basis, primarily due to the 57% devaluation of the Nigerian Naira, which had a non-core impact on results. Organic growth was driven by: Full-year loss totaled $1.644 billion, of which $1.610 billion was attributable to unrealized FX losses. Nigeria remained a key revenue and EBITDA driver for IHS Holding: IHS Towers is one of the world’s largest independent owners, operators, and developers of shared communications infrastructure by tower count. The company operates in eight emerging markets, with a portfolio of over 39,000 towers across:
IHS Holding reports Q4 pre-tax profit of $236 million, full-year loss at $1.61 billion
