Airtel Africa Plc has reported a profit after tax of $156m for the quarter ended June 30, 2025, marking a significant increase of 408.1 per cent from the $31m recorded in the same period last year.

The company disclosed this in its unaudited financial results released to the Nigerian Exchange Limited on Thursday.

The telecoms and mobile money services provider said the growth was driven by strong demand across its markets, improved cost efficiency, and easing currency headwinds.

Revenue rose by 22.4 per cent in reported currency to $1.42bn, while operating profit grew by 33 per cent to $446m. Revenue in constant currency grew by 24.9 per cent.

“Our total customer base grew by 9.0 per cent to 169.4 million, with data customers increasing 17.4 per cent to 75.6 million,” the company stated.

The company also recorded strong growth in mobile money services, with the Airtel Money platform growing its customer base by 16.1 per cent to 45.8 million, with annualised transaction value rising by 35 per cent to $162bn. Mobile money revenue grew by 30.3 per cent in constant currency.

Earnings before interest, tax, depreciation, and amortisation rose by 29.8 per cent to $679m, while EBITDA margin improved to 48.0 per cent from 45.3 per cent a year earlier.

Chief Executive Officer of Airtel Africa, Sunil Taldar, said, “We are very pleased with the strong growth in our operating and financial performance in the first quarter. The strength of this performance and the scale of the growth we achieved reflect the sustained demand for our services and the strength of our business model to meet these demands.”

The company also said it rolled out 2,300 new sites during the quarter, expanding its total to 37,579 sites and increasing 4G population coverage to 74.7 per cent. Smartphone penetration across its markets rose to 45.9 per cent.

Capital expenditure for the quarter stood at $121m, down from the previous period due to timing differences. The group maintained its full-year capex guidance between $725m and $750m.

Airtel Africa also continued its debt localisation strategy, reporting that 95 per cent of its operating company debt is now denominated in local currencies, up from 86 per cent last year.