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Highlights

  • Jefferies and Berenberg analysts have issued BUY ratings for Helios Towers Plc.

  • Jefferies set a price target of AUD 3.82, implying a 58.70% upside from the current level.

  • Berenberg forecasts a price target of AUD 3.59, representing a 49.32% upside.

Helios Towers Plc (LSE:HTWS.L), a leading independent telecommunications infrastructure company listed on the London Stock Exchange, has attracted positive sentiment from key analysts, likely on the back of  its H1 2025 performance. Notably, Jefferies and Berenberg have both issued BUY ratings for the company, underlining confidence in its long-term fundamentals and earnings potential.

Jefferies analyst Graham Hunt reaffirmed a BUY rating with a price target of AUD 3.82, projecting an upside of 58.70% from the current share price. Similarly, Alex Short from Berenberg assigned a BUY rating with a price target of AUD 3.59, suggesting a 49.32% gain from present levels.

These bullish endorsements arrive on the heels of Helios Towers' half-year results, where the company reported 7% year-on-year revenue growth to USD 418.3 million, fueled by tenancy additions. Adjusted EBITDA rose 9% to USD 225.5 million, improving the EBITDA margin to 54%, up one percentage point from the prior year.

Profitability and Free Cash Flow Surging

Helios Towers has made significant strides in profitability. Operating profit in the first half of 2025 edged up to USD 133.1 million, while profit after tax jumped to USD 30.9 million from a prior year loss of USD 24.5 million. This turnaround was largely driven by lower finance costs and gains linked to hyperinflation accounting.

The Group also generated a 40% increase in Recurring Free Cash Flow (RFCF), reaching USD 69.5 million, as well as a free cash flow increase of USD 39.7 million.

Analyst Ratings Support Reaffirmed Guidance

Both Jefferies and Berenberg’s ratings come in the context of Helios Towers maintaining a solid growth trajectory. The company has reaffirmed its full-year 2025 guidance, targeting:

  • 2,000 to 2,500 new tenancy additions

  • Adjusted EBITDA of USD 460m to USD 470m

  • Free cash flow between USD 40m and USD 60m

  • Capital expenditure of USD 150m to USD 180m

The company's long-term growth forecast is equally encouraging, with analysts estimating a 68.69% growth rate.