Consolidated statement of financial position

Notes

As of

31 March 2025

$m

31 March 2024

$m

Assets

Non-current assets

Property, plant and equipment

14

2,086

1,827

Capital work-in-progress

14

194

232

Right of use assets

29

3,029

1,483

Goodwill

15

3,008

2,569

Other intangible assets

15

810

725

Intangible assets under development

15

8

4

Investment accounted for using equity method

5

5

Financial assets

– Investments

0

0

– Derivative instruments

16

0

0

– Others

10

30

Income tax assets (net)

8

5

Deferred tax assets (net)

12

509

543

Other non-current assets

17

195

146

9,862

7,569

Current assets

Inventories

19

26

Financial assets

– Investments

–

2

– Derivative instruments

16

1

10

– Trade receivables

18

203

184

– Cash and cash equivalents

19

552

620

– Other bank balances

19

81

353

– Balance held under mobile money trust

952

737

– Others

20

67

106

Other current assets

17

286

254

2,161

2,292

Total assets

12,023

9,861

  

Liabilities

Current liabilities

Financial liabilities

– Borrowings

21

1,095

1,426

– Lease liabilities

29

231

357

– Put option liability

542

–

– Derivative instruments

16

10

144

– Trade payables

485

422

– Mobile money wallet balance

928

722

– Others

22

383

440

Provisions

24

111

78

Deferred revenue

135

123

Current tax liabilities (net)

89

119

Other current liabilities

23

233

215

4,242

4,046

Net current liabilities

(2,081)

(1,754)

  

Non-current liabilities

Financial liabilities

– Borrowings

21

1,226

947

– Lease liabilities

29

3,430

1,732

– Put option liability

32

–

552

– Derivative instruments

16

0

33

– Others

22

216

146

Provisions

24

25

22

Deferred tax liabilities (net)

12

106

67

Other non-current liabilities

23

3

16

5,006

3,515

Total liabilities

9,248

7,561

Net assets

2,775

2,300

  

Equity

Share capital

25

1,835

1,875

Reserves and surplus

26

651

285

Equity attributable to owners of the company

2,486

2,160

Non-controlling interests (‘NCI’)

289

140

Total equity

2,775

2,300

The consolidated financial statements of Airtel Africa plc (company registration number: 11462215) were approved by the Board of directors and authorised for issue on 7 May 2025 and were signed on its behalf by:

For and on behalf of the Board of Airtel Africa plc

Sunil Taldar
Chief Executive Officer

7 May 2025