Airtel Africa reported strong results for the year ended March 31, 2026, with revenue growth accelerating across its core mobile, data, and fintech businesses.
Reported revenue increased 29.5% year-on-year to US$6.4 billion, while profit after tax rose to US$813 million from US$328 million a year earlier.
Financial headline numbers: revenue, profit and EBITDA
Reported revenue climbed 29.5% year-on-year to US$6.4 billion, while constant currency revenue growth reached 24%. Profit after tax rose to US$813 million from US$328 million, with the increase helped by higher operating profit and foreign exchange gains.
Underlying EBITDA increased 37.2% in reported currency to US$3.16 billion, with EBITDA margins reaching 49.3%.
Customer and usage momentum across mobile, data and Airtel Money
Airtel Africas customer base grew 10.5% to 183.5 million users, and smartphone penetration climbed to 49.5%. Data customers increased 14.8% to 84.2 million, and average monthly data usage rose from 7GB to 8.9GB per user.
Mobile money remained a key contributor, with Airtel Money customers rising 21.3% to 54.1 million. Annualised transaction value surpassed US$215 billion in the fourth quarter, supported by broader digital adoption and expanding use cases.
Network build and capex: sites, fibre reach and higher FY27 spend
During the year, Airtel Africa rolled out more than 3,250 sites and extended its fibre footprint by around 3,200 km to 81,900 km. Capital expenditure rose 31.9% to US$884 million.
The company planned to increase spending further to around US$1.1 billion in FY27.
Management view and Airtel Money listing timing
CEO Sunil Taldar said the results reflected strong execution and growing demand for digital connectivity and financial services across the companys footprint.
Sunil Taldar added that Airtel Africa remains committed to listing Airtel Money in the second half of 2026, subject to market conditions.