Airtel Africa plc
Annual Report and Accounts 2026
Transforming the customer experience,
unlocking opportunity
A year of standout growth powered by strong fundamentals and disciplined execution
183.5 million
total customers (+10.5%)
54.1 million
Airtel Money customers (+21.3%)
$6,415m
revenue (+29.5% in reported currency)
49.3%
underlying EBITDA margins (46.5% in 2024/25)
Airtel Africa at a glance
Footprint population: 679 million
(Source: UN population prospectus 2024, population data for 2025)
679 million
population footprint
78 million
increase in addressable population (>15 years) by 2031
49.5%
smartphone penetration (+4.7% vs 2024/25)
64%
of adult population unbanked
How we create value
Operating across high-growth markets
We operate across 14 markets with a combined population of 679 million who are underserved in essential voice, data and mobile money services.
Investing for growth
Our disciplined capital allocation aims to maximise the value of the opportunities in our markets. Our investment supports economies and fuels growth.
Managing risks
We face risks and challenges across our markets which we mitigate through our broad portfolio and disciplined risk management framework.
Delivering focused execution
The focused execution of our strategy is the backbone of our ability to deliver sustainable, profitable and market-leading growth.
Chair’s statement
1
Wherever I visit across the Group, I see real entrepreneurial spirit among teams who are committed to enhancing customers’ experience of our services, improving their neighbours’ lives, and growing our business.
2
Sunil Bharti Mittal
Chair
1st or 2nd
largest operator in 13 markets
17.5 million
net additions (+31.2% vs 2024/25)
84.2 million
Data customers (+14.8%)
$196bn
Airtel Money total processed value (+35.2% in constant currency)
Chief executive officer’s review
1
People in Africa want to transform their lives through digitalisation, connection and financial empowerment. We can help them – and grow sustainably while we do so. That means continuing the focused execution of our strategy, and sustained investment in enhancing customer experience, so we can realise the huge opportunity ahead of us.
2
Sunil Taldar
Chief executive officer
48.5%
increase in data traffic vs 2024/25
$6,415m
revenue (+29.5% in reported currency)
18.6 cents
basic earnings per share (6.0 cents in 2024/25)
$884m
capex ($670m in 2024/25)
Our strategy
Great customer experience
We transform lives across sub-Saharan Africa by providing essential telecoms and mobile money services that empower customers and their communities as well as foster digital and financial inclusion. Our business strategy is designed to ensure we continue to address the huge opportunities in our 14 markets and deliver sustainable, profitable growth that creates value for all our stakeholders.
Strategy in action
Customer experience
Harnessing the power of digital and AI tools to transform the customer experience
Airtel Money
Powering the drive from cash to digital
Business review
Mobile services performance
Putting customer experience at the heart of everything we do
Revenue
$5,350m
reported currency +27.6%
constant currency +22.6%
Operating profit
$1,420m
reported currency +41.8%
constant currency +34.1%
Underlying EBITDA
$2,612m
reported currency +36.7%
constant currency +30.8%
ARPU
$2.6
reported currency +16.1%
constant currency +11.6%
1
Young, ambitious, value-conscious Africans are leading the continent’s digital transformation. They’re connecting, transacting and building their futures through mobile technology.
2
Rohit Marwha
Chief marketing and sales officer
Nigeria – mobile services
Revenue
$1,598m
reported currency +52.8%
constant currency +47.4%
East Africa – mobile services
Revenue
$2,192m
reported currency +18.9%
constant currency +13.8%
Francophone Africa – mobile services
Revenue
$1,550m
reported currency +19.2%
constant currency +14.8%
Mobile money performance
Accelerating mobile money adoption – and transforming finance for customers
Revenue
$1,355m
reported currency +36.3%
constant currency +28.4%
Operating profit
$645m
reported currency +32.1%
constant currency +23.2%
Underlying EBITDA
$689m
reported currency +31.3%
constant currency +22.9%
ARPU
$2.3
reported currency +15.3%
constant currency +8.6%
1
Airtel Money now connects more than 54 million active customers to an inclusive digital financial ecosystem that supports everyday payments and access to essential services. By accelerating the shift from cash to digital, we’re advancing financial inclusion, improving economic resilience and enabling broader participation in the formal digital economy.
2
Ian Ferrao
CEO, Airtel Money
Transforming lives in action
MyAirtel app: bridging the gap to financial inclusion
We’re accelerating the shift from cash to digital through MyAirtel app, our one-stop digital self-service and financial management platform that is expanding financial inclusion across sub-Saharan Africa.
Sustainability
Transforming lives
We’re transforming lives across Africa through safe, reliable and resilient telecoms and financial services that enable economic growth and development.
1
We have a strong and consistent focus on ensuring that sustainability remains fully embedded in how the business operates and grows.
2
Annika Poutiainen
Board member and sustainability champion
Airtel Africa plc
Sustainability Report 2026
Unlocking opportunities through responsible growth
