Airtel Africa Plc released its unaudited half year 2026 financial results, showcasing impressive growth driven by strong revenue expansion and significant margin accretion.
The company’s revenue jumped 29.1% year-on-year to $2.98 billion, with profit after tax surging 352.8% year-on-year to $219.32 million.
Highlights of the Q2 2026 shows that revenue expanded 29.1% year-on-year, driven by growth across all major segments.
Sunil Taldar, chief executive officer, on the trading update: “Our strategy has been focussed on providing a superior customer experience and the strength of these results is testament to the initiatives that we have been implementing across the business. Digital innovation is a core focus, and we’re pleased to see the growing adoption of MyAirtel app as we seek to deepen customer engagement and simplify the customer journey.
Furthermore, “our network continues to scale as we build additional capacity to facilitate the rise in both digital and financial inclusion. The increase in smartphone penetration to 46.8% reflects the substantial demand for data services across our markets but also highlights the scale of the opportunity to further develop the digital economy”.
Airtel Money continues to gain momentum, with our customer base nearing 50 million and annualised total processedvalue approaching $200bn, up over 35% year-on-year. The acceleration in customer growth and continued growth in engagement on the platform reflects our success in driving digital adoption and innovation to enhance the ecosystem. The preparation for the IPO remains on course for a listing in the first half of 2026.
“The strength of our revenue performance up 24.5% in constant currency and furthercost efficiency initiatives has continued to support a further increase in EBITDA margins to 49% in Q2’26, and we‘ll continue to focus on further incremental margin improvements, subject to macroeconomic stability.
“This strong performance gives us the confidence toincrease our capex guidance for this financial year to between $875m and$900m, as we accelerate our investments to capture the full potential across our markets and deliver long-term value for all stakeholders.”
Profit after tax surged 352.8% year-on-year to $219.32 million, with earnings per share (EPS) growing 6.53x year-on-year to $0.05.
The company declared an interim dividend of $0.03 per share, representing a dividend yield of 1.9%.
Airtel Africa is a leading provider of telecommunications and mobile money services, with operations in 14 countries in sub-Saharan Africa.
Airtel Africa provides an integrated offer to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The company’s strategy is focused on providing a great customer experience across the entire footprint, enabling our corporate purpose of transforming lives across Africa.
