IHS Holding Limited

IHS Holding Limited

IHS
IHS Holding LimitedUS flagNew York Stock Exchange
8.35
USD
+0.01
- -
2.80BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.56
3.75
4.28
5.5
5.92
5.78
4.59
4.72
4.66
Basic EPS, GAAP
-0.4
-1.29
-0.98
-0.09
-1.39
-5.93
-4.9
0.43
0.56
Free Cash Flow per Basic Share
0.26
1.17
1.24
1.21
1.05
0.76
1.38
2.04
2.16
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
6.15
5.17
8.23
6.02
0.3
-4.63
-4.12
-3.89
Tangible Book Value per Share
- -
1.41
-0.37
0.41
-1.37
-3.62
-4.18
-1.91
-1.72
Basic Weighted Avg Shares
328
328
328
287
331
333
333
335
334
Sales/Revenue/Turnover
1,168
1,231
1,403
1,580
1,961
1,925
1,527
1,582
1,558
Operating Margin (%)
18.84
-8.93
25.66
28.17
25.79
29.71
33.81
37.02
35
Depreciation Expense
317
385
409
383
469
436
363
376
147
Net Income, GAAP
-133
-423
-322
-26
-459
-1,977
-1,632
144
186
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
12.51
13.26
Profit Margin (%)
-11.37
-34.4
-22.95
-1.64
-23.4
-102.66
-106.86
9.08
11.96
Working Capital
- -
657
306
600
-13
-249
276
1,300
1,348
LT Debt
- -
2,118
2,304
2,727
3,425
3,568
3,690
3,154
3,117
Total Equity
- -
1,430
1,224
1,744
1,360
347
-314
-90
-24
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
14.32
12.79
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
18.43
17.65
Return on Common Equity (%)
- -
-41.98
-17.34
-1.27
-21.07
-188.63
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
232
356
385
LT Borrowings
3,138
2,842
2,813
LT Finance Leases
525
312
304
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
336
336
337
Market Capitalization
2,281
2,488
2,750

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,069
2,503
2,690
Cash, Cash Equivalents & STI
648
826
940
Accounts Receivable, Net
273
108
110
Inventories
41
42
41
Total Current Liabilities
667
1,203
1,341
Payables & Accruals
399
301
375
ST Debt
232
356
385
Deferred Revenue
28
47
49

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-63.19%
-71.44%
Free Cash Flow
- -
17.65%
48.62%
Net Income, GAAP
- -
357.86%
-108.8%
Sales/Revenue/Turnover
- -
3.56%
3.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
418
435
420
438
1,527
2025
392
433
455
254
1,582
2026
415
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-4.67
-0.36
-0.61
0.74
-4.9
2025
0.1
0.11
0.45
-0.23
0.43
2026
0.23
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Sam Darwish
Full Time Employees
2,864
Sector
Communication Services
Industry
Telecommunications Services
Address
1 Cathedral Piazza London United Kingdom SW1E 5BP
IPO Date
Oct 14, 2021
Business
IHS Holding Limited (NYSE: IHS) is an independent owner, operator and developer of shared communications infrastructure focused on emerging markets in Africa and Latin America. The company owns and manages over 37,000 towers across seven countries, including Nigeria, South Africa, Côte d’Ivoire, Cameroon, Zambia, Brazil and Colombia; it provides mission-critical services to mobile network operators (MNOs), internet service providers, broadcasters and private corporations, including colocation on existing towers, lease amendments such as equipment upgrades and ancillary services, new site builds, in-building solutions via distributed antenna systems (DAS), small cells, fiber connectivity and rural telephony. Founded in 2001 and headquartered in London, United Kingdom, IHS operates as a holding company for the IHS Towers group with a portfolio emphasizing high-growth telecommunications infrastructure in Sub-Saharan Africa and Latin America. Recent developments include the October 2025 divestiture of its Rwanda operations to Paradigm Tower Ventures for $274.5 million to streamline its portfolio and focus on core markets; an expanded partnership with TIM S.A. in Brazil for up to 3,000 new sites with a minimum initial deployment of 500 sites; renewal and extension of master lease agreements with MTN Group across multiple African markets through 2032 covering approximately 26,000 tenancies; and a renewed and expanded contract with Airtel Africa in Nigeria committing to 3,950 tenancies over five years, predominantly in 2024 and 2025.

Company News

APIChat
  • IHS Towers Publishes 2025 Sustainability Report

  • IHS Holding Limited Reports First Quarter 2026 Financial Results

  • IHS Towers Completes Sale of Its 51.0% Stake in I-Systems to TIM S.A.

  • Financial Survey: IHS (NYSE:IHS) & Bandwidth (NASDAQ:BAND)

  • Anterix (NASDAQ:ATEX) vs. IHS (NYSE:IHS) Head-To-Head Review

  • Head-To-Head Review: InterCloud Systems (OTCMKTS:ICLD) versus IHS (NYSE:IHS)

  • Critical Contrast: Rostelecom OJSC (OTCMKTS:ROSYY) and IHS (NYSE:IHS)

  • IHS Holding Limited Files its Annual Report on Form 20-F

  • Financial Survey: IHS (NYSE:IHS) versus Anterix (NASDAQ:ATEX)

  • Financial Contrast: IHS (NYSE:IHS) vs. Rostelecom OJSC (OTCMKTS:ROSYY)

  • Aberdeen Group plc Has $16.65 Million Holdings in IHS Holding Limited $IHS

  • Contrasting Rostelecom OJSC (OTCMKTS:ROSYY) & IHS (NYSE:IHS)

  • Head-To-Head Contrast: Bandwidth (NASDAQ:BAND) & IHS (NYSE:IHS)

  • Critical Survey: Bandwidth (NASDAQ:BAND) and IHS (NYSE:IHS)

  • Head-To-Head Review: IHS (NYSE:IHS) vs. Cheer (NASDAQ:CHR)

  • Anterix (NASDAQ:ATEX) vs. IHS (NYSE:IHS) Financial Review

  • Analysts Set IHS Holding Limited (NYSE:IHS) Price Target at $9.61

  • IHS Stock Up 57% as CEO Sells 87,000 Shares. Here's What Investors Should Know

  • IHS Holding (IHS) Tops Q4 Earnings Estimates

  • IHS Holding Limited Reports Fourth Quarter and Full Year 2025 Financial Results