Q3 2026 Airtel Africa PLC Earnings Call Transcript
Key Points
- Airtel Africa PLC (AAFRF) reported strong financial performance with a 28.3% increase in reported currency revenue and a 36% growth in EBITDA over the last year.
- The company achieved significant growth in its mobile money business, surpassing 50 million customers and reaching an annualized total process value of over $210 billion.
- Airtel Africa PLC (AAFRF) has expanded its network infrastructure, increasing sites by approximately 2,500 and expanding its fiber network to over 81,500 kilometers.
- The company has seen a 47% increase in data traffic, with data usage per customer reaching 9.3 GB per month, indicating strong demand for data services.
- Airtel Africa PLC (AAFRF) has entered into a partnership with Starlink to enhance connectivity, showcasing its commitment to innovation and customer experience.
- The company faces higher competitive intensity in some East African markets, which could impact future growth.
- Voice revenue in Francophone Africa remains in decline, although at a lower base, indicating challenges in this segment.
- The company is dealing with regulatory challenges in East Africa, including temporary Internet outages affecting growth.
- Airtel Africa PLC (AAFRF) has a high effective tax rate of 39.6%, which is above the corporate tax rate of 32.5% in profit-making OpCos.
- There are concerns about potential impacts on margins due to recent increases in fuel prices in Nigeria.
Good afternoon, ladies and gentlemen, and welcome to the Airtel Africa nine months 2026 results. (Operator Instructions) Please note that this event is being recorded.
I would now like to hand the conference over to Sunil Taldar. Please go ahead, sir.
Thank you very much. A very good morning, good evening to all of you, and thank you for joining on today's call. I'm joined on the line by Kamal Dua, our CFO; and Alastair Jones, our Head of Investor Relations. We will shortly be answering your questions. But first, I would like to provide you with a brief overview of the recent performance at Airtel Africa.
I think these results speak for themselves. We have continued to produce a strong operating and financial performance with reported currency revenue growth of 28.3% and almost 36% growth in EBITDA over the last year. Constant currency revenues and EBITDA, a reflection of the underlying performance saw encouraging growth of 24.6% and 31%, respectively. The
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