At a glance
Transforming lives
and enhancing the customer experience
We’re transforming millions of lives across sub-Saharan Africa by delivering essential telecoms and mobile money services that are bridging the digital and financial divides. Through our focus on enhancing customer experience and our investment in extending our networks, we’ve reached more people than ever this year, helping connect the unconnected, banking the unbanked and enabling communities, businesses and economies to thrive.
Operating across 14 markets…
…where demand for our services is supported by a young, fast-growing population seeking the opportunities that digital and financial inclusion bring.
1st or 2nd
largest operator in all markets
77 million
increase in addressable population (>15 years) by 2030
166.1 million
customers
$4,955m
revenue
Footprint population: 662 million
(Source: UN population prospectus 2024)
Investing in our reach, coverage and capacity…
…to enhance customer experience and reach new communities in urban, semi-urban and rural areas.
Our expanding footprint of retailers, agents and exclusive franchises combined with enhanced digital offerings through MyAirtel app means we can deliver even more services. Airtel Money’s focus on increasing the number of mobile money use cases through international partnerships and product innovation helps drive the take up of our mobile money services. And our continued network investment drives greater 4G and 5G coverage, unlocking digital opportunity across our markets.
1.7 million
Airtel Money agents (+23.4%)
110,000+
exclusive distribution infrastructure
$670m
capex ($737m in 2023/24)
37,117
infrastructure sites (+2,583 sites)
78,700+ km
of connecting fibre (+3,300 km)
74.4%
4G coverage (+3.7%)
Delivering transparent, affordable, essential services…
…including voice, data and mobile money for consumers and enterprises in our three regions: Nigeria, East Africa and Francophone Africa.
166.1 million
total customers (+8.7%)
73.4 million
data customers (+14.1%)
44.6 million
Airtel Money customers (+17.3%)
$136bn
Airtel Money transaction value (+32.0% in constant currency)
Generating value for all stakeholders…
…with strong constant currency revenue growth underpinned by Airtel Money growth of 30% in constant currency.
By leveraging our efficient operating model, we’re able to sustain industry-leading EBITDA margins to unlock the cash flow to consistently invest, meaning we can keep transforming lives into the future and generate strong shareholder returns.
21.1%
revenue growth (constant currency) 20.9% in 2023/24
46.5%
underlying EBITDA margins
48.8% in 2023/24
6.0 cents
basic earnings per share
(4.4) cents in 2023/24
9.2%
growth in dividend per share
vs 2023/24
Revenue contribution by segment
Year ended March 2025 $m | Year ended March 2024 $m | Reported currency change % | Constant currency change % | |
|---|---|---|---|---|
* Breakdown of revenue as stated in above table will not add up to total revenue, since it also includes inter-segment revenue which eliminates on consolidation of $227m (2024: $196m). All segmental revenue information presented throughout the Annual Report is as per note 6.1 of our financial statements and includes the inter-segment revenue noted above. All financial numbers are in reported currency. | ||||
Nigeria – mobile services | 1,045 | 1,503 | (30.4%) | 36.4% |
East Africa – mobile services | 1,843 | 1,622 | 13.6% | 18.8% |
Francophone Africa – mobile services | 1,300 | 1,213 | 7.2% | 7.9% |
| Mobile money services | 994 | 837 | 18.7% | 29.9% |
Total* | 4,955 | 4,979 | (0.5%) | 21.1% |
Revenue contribution by service
Year ended March 2025 $m | Year ended March 2024 $m | Reported currency change % | Constant currency change % | |
|---|---|---|---|---|
^ Other revenue includes messaging, value-added services, tower sharing and Airtel Business. * Breakdown of revenue as stated in above table will not add up to total revenue, since it also includes inter-segment revenue which eliminates on consolidation of $224m (2024: $188m). All segmental revenue information presented throughout the Annual Report is as per note 6.1 to our financial statements and includes the inter-segment revenue noted above. All financial numbers are in reported currency. | ||||
Voice | 1,964 | 2,179 | (9.8%) | 10.6% |
Data | 1,804 | 1,734 | 4.0% | 30.5% |
Airtel Money | 994 | 837 | 18.7% | 29.9% |
| Other^ | 417 | 417 | (0.1%) | 21.7% |
Total* | 4,955 | 4,979 | (0.5%) | 21.1% |