IHS Holding Limited reported strong financial performance for the fourth quarter and full year ended December 31, 2024. For Q4 2024, revenue was $437.8 million, a 14.1% decrease year-on-year, primarily due to Naira devaluation. Adjusted EBITDA reached $246.4 million, with a 56.3% margin, and the company reported an income for the period of $243.1 million, a significant turnaround from a $456.8 million loss in Q4 2023. Full year 2024 revenue was $1,711.2 million, and Adjusted EBITDA was $928.4 million, both ahead of guidance.
The company's full-year 2024 Adjusted Levered Free Cash Flow (ALFCF) was $304.2 million, and total capital expenditure decreased by 56.3% year-on-year to $256 million, reflecting a narrowed focus on capital allocation. Consolidated net leverage stood at 3.7x at year-end 2024. These results demonstrate continued cost control and a focus on profitability, despite ongoing foreign exchange volatility.
IHS Towers provided full-year 2025 guidance, projecting revenue between $1.68 billion and $1.71 billion, Adjusted EBITDA between $960 million and $980 million, and ALFCF between $350 million and $370 million. Total capital expenditure is expected to be between $260 million and $290 million. The company highlighted significant strategic progress, including the completion of the sale of IHS Peru on April 30, 2024, and IHS Kuwait on December 19, 2024, along with refinancing over $1.6 billion of nearer-term debt and renewing major customer contracts into the next decade.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.