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)