Consolidated statement of comprehensive income

Note

For the year ended

31 March 2025

$m

31 March 2024

$m

Income

Revenue

6

4,955

4,979

Other income

22

21

4,977

5,000

Expenses

Network operating expenses

974

926

Access charges

236

314

Licence fee and spectrum usage charges

263

244

Employee benefits expense

7

302

301

Sales and marketing expenses

650

576

Impairment loss on financial assets

7

5

Other operating expenses

8

257

206

Depreciation and amortisation

9

831

788

3,520

3,360

Operating profit

1,457

1,640

  

  

  

  

Finance costs

– Derivative and foreign exchange losses

Nigerian naira

10

118

1,070

Other currencies

10

61

189

– Other finance costs

10

663

482

Finance income

10

(20)

(38)

Net monetary gain relating to hyperinflationary accounting

(26)

Share of profit of associate and joint venture accounted for using equity method

(0)

(0)

Profit/(loss) before tax

661

(63)

  

Income tax expense

12

333

26

Profit/(loss) for the year

328

(89)

  

Profit/(loss) before tax (as presented above)

661

(63)

Add: Exceptional items

11

103

807

Underlying profit before tax

764

744

  

Profit/(loss) after tax (as presented above)

328

(89)

Add: Exceptional items

11

73

549

Underlying profit after tax

401

460

  

Other comprehensive income (‘OCI’)

Items to be reclassified subsequently to profit or loss:

Gain/(loss) due to foreign currency translation differences

219

(1,181)

Gain on debt instruments at fair value through other comprehensive income

0

0

Share of OCI of associate and joint venture accounted for using equity method

0

(0)

Gain on cash flow hedges

0

Cash flow hedges reclassified to profit or loss

(0)

Tax on above

1

8

220

(1,173)

Items not to be reclassified subsequently to profit or loss:

Re-measurement gain on defined benefit plans

1

0

Tax on above

(0)

(0)

1

(0)

  

Other comprehensive gain/(loss) for the year

221

(1,173)

  

Total comprehensive gain/(loss) for the year

549

(1,262)

  

Profit/(loss) for the year attributable to:

328

(89)

Owners of the company

220

(165)

Non-controlling interests

108

76

  

Other comprehensive gain/(loss) for the year attributable to:

221

(1,173)

Owners of the company

179

(1,141)

Non-controlling interests

42

(32)

  

Total comprehensive gain/(loss) for the year attributable to:

549

(1,262)

Owners of the company

399

(1,306)

Non-controlling interests

150

44

  

  

  

  

Earning/(loss) per share

cents

cents

Basic

13

6.0

(4.4)

Diluted

13

6.0

(4.4)