IHS Holding Limited, a leading independent owner and operator of shared communications infrastructure, has reported robust financial results for the second quarter ended June 30, 2025.

The company’s revenue reached $433.3 million, with a constant currency growth of 9.9% driven by increased revenue from colocation, lease amendments, and new sites.

“We are pleased to be raising our full-year 2025 guidance across all key metrics, reflecting our strong year-to-date progress and sustained macroeconomic stability across our markets,” said Sam Darwish, IHS Towers Chairman and Chief Executive Officer.

Key highlights from the report include:

– Adjusted EBITDA of $248.5 million, with a margin of 57.3%
– Adjusted Levered Free Cash Flow (ALFCF) of $54.0 million
– Consolidated net leverage ratio of 4x, down 0.5x year-on-year
– Repayment of high-interest debt facilities in Nigeria and Brazil, resulting in a net debt reduction of $154 million

The company has also announced an agreement to dispose of its Rwanda operations to Paradigm Tower Ventures at an enterprise value of $274.5 million. Darwish noted that the company remains excited about its growth prospects, supported by the ongoing rollout of 5G across its markets.

*”Our confidence is underpinned by the positive backdrop within our largest market, Nigeria, bolstered by the ongoing stability of the Naira as well as the carrier tariff rate increases that our Nigerian customers announced earlier this year,”* Darwish added.