Q3 2025 Airtel Africa PLC Earnings Call Transcript
Key Points
- Airtel Africa PLC (AAFRF) reported a strong constant currency revenue growth of 21.3% in the latest quarter, showing an acceleration from previous quarters.
- The company saw a significant increase in mobile money customer base by 18% to over 44 million, reflecting its focus on financial inclusion.
- In Nigeria, Airtel Africa PLC (AAFRF) achieved a remarkable constant currency growth of almost 35%, indicating strong market performance.
- The mobile services segment experienced a sustainable growth with a constant currency revenue increase of 18.8% over the first nine months.
- Airtel Africa PLC (AAFRF) has successfully reduced its foreign currency debt, with approximately 92% of OpCo debt now in local currency, mitigating currency volatility risks.
- Reported currency revenue growth was only 2.5% in the third quarter due to foreign exchange headwinds.
- The company faces challenges with currency volatility impacting financial results, despite some recent currency appreciations.
- Leverage for the group increased to 2.4 times, primarily due to the extension of tower lease agreements.
- There is uncertainty regarding the impact of the approved price increases in Nigeria, with potential competitive and demand elasticity concerns.
- In Francophone Africa, there was a slight dip in margins due to higher marketing spends, despite revenue growth acceleration.
Good afternoon, ladies and gentlemen, and welcome to the Airtel Africa nine-month 2025 results update. (Operator Instructions) Please note that this call is being recorded.
I would now like to turn the conference over to Sunil Taldar. Please go ahead, sir.
Thank you. Good evening, good morning to everyone, and welcome. Thank you for joining us on today's call. I'm joined on the line by our CFO, Jaideep Paul; and Kamal Dua, our Deputy CFO, who, as you will have seen from our previous announcements, will be taking over from Jaideep as CFO later this year. Alastair Jones, our Head of Investor Relations, also joins us on the call.
We will shortly be answering your questions. But first, I would like to provide you with a brief overview of our performance over the last nine months and in particular, over the last quarter. Over the last few years, there has been continued volatility in the macro environment. But more recently, we've seen some signs of stabilization, which
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