EarningsQ1 2027 Earnings Report
MX:AAFN Q1 2027 EPS Results
Actual EPS$0.98
Consensus EPS$0.91
Beat/MissBeat by +$0.07
One Year Ago EPS$0.62
MX:AAFN Q1 2027 Revenue Results
Actual Revenue$33.18B
Expected Revenue$30.15B
Beat/MissBeat by +$3.03B
YoY Revenue Growth+30.25%
Earnings Announcement Details
QuarterQ1 2027
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
MX:AAFN Upcoming Earnings
Airtel Africa Plc's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q1 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: high double‑digit constant‑currency revenue and EBITDA growth, expanding margins, accelerating data and mobile money adoption, reduced cost of debt, and active strategic investment (front‑loaded CapEx) to capture growth. Near‑term challenges include higher fuel/diesel costs that are expected to pressure margins as energy costs are realized in tower contracts and the increased near‑term cash intensity from front‑loaded CapEx. Management highlighted mitigation actions, minimal regulatory disruption impact, and maintained guidance and IPO plans, indicating confidence in sustaining momentum.Company Guidance
Strong Group Revenue Growth
Group revenues reached $1.85 billion, up over 21% in constant currency and 31% in reported currency, demonstrating broad-based demand across markets despite losing prior-year Nigerian tariff benefits.
Robust EBITDA and Margin Expansion
EBITDA was $928 million, up 24.4% in constant currency and 36.6% in reported currency. EBITDA margin improved by over 200 basis points year‑on‑year to 51.1% in the quarter.
Mobile Services Growth and Customer Momentum
Mobile Services revenue grew 19.1% in constant currency. The customer base expanded by 11.6%, an acceleration from the prior quarter, indicating sustained subscriber demand and low penetration runway.
Strong Data Adoption and ARPU Improvements
Smartphones on the network increased by over 24% and smartphone penetration rose by over 5 percentage points to 51%. Data ARPU increased 10.3% (constant currency) and data revenue rose 27.2%.
Mobile Money Scale and Transaction Growth
Annualized mobile money TTV exceeded $245 billion, up over 51% in reported currency. Mobile money revenues grew 25.8% in constant currency despite intra-group agreement changes.
Strong Regional Performances
Nigeria revenue increased 29.8% in constant currency (over 50% reported), East Africa grew 17.8%, and Francophone Africa grew 18%, reflecting broad geographic contribution to growth.
Improved Financial Position and Lower Cost of Debt
Net leverage remained modest at 0.5x. Effective interest rate declined by 282 basis points to 10.1%, reducing financing costs and strengthening the balance sheet.
CapEx Investment to Support Growth
CapEx was $389 million in Q1 (vs $121 million prior year), reflecting targeted front‑loaded investments to expand coverage and capacity; full-year CapEx guidance reiterated at $1.1 billion.
Operating Cash Flow Resilience
Despite significantly higher CapEx, operating free cash flow in the quarter was maintained at a similar level to the prior period, reflecting operating momentum and financial discipline.
Progress on Airtel Money IPO
Preparations for the Airtel Money IPO are progressing well with intention to list in 2026 subject to market conditions; London identified as the preferred listing venue.
MX:AAFN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed