Airtel Africa PLC (LSE: AAF)

Airtel Africa PLC (LSE: AAF) is an FTSE 100-listed provider of telecommunication and mobile money services. The Company has a significant presence in Africa. AAF operates in 14 African countries, primarily in Central Africa, East Africa, and West Africa. AAF was founded in 2018 and is headquartered in London, the United Kingdom.

H1 FY25 Financial Results (Released on 24 October 2024)

1. Customer Growth: The Company reported a 6.1% increase in its total customer base, reaching 156.6 million, driven by a significant 10.4% rise in data customers and a notable 30.9% increase in data usage per customer.

2. Revenue Performance: In constant currency, revenue grew by 19.9% for the half-year, with mobile services and Mobile Money revenues increasing by 18.4% and 28.8%, respectively, reflecting strong demand and effective market strategies.

3. Improved EBITDA Margins: Following a successful cost efficiency program, EBITDA margins showed improvement in Q2 FY25, increasing sequentially to 46.4%, indicating effective management of operational costs amidst challenging market conditions.

4. Strategic Investments and Future Growth: The Company is focused on enhancing customer experience and expanding its infrastructure, evidenced by ongoing investments in network capacity and a progressive dividend policy, which reinforces its commitment to long-term growth and shareholder value.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Airtel Africa PLC (LSE: AAF) was trading at the current market price of GBX 108.10 (as of 28 October 2024, 10:20 AM GMT+1) 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 28 October 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.