IHS Holding Ltd (IHS) financial statements: income statement, balance sheet and cash flow
IHS Holding Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
Income statement
IHS Holding Ltd income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Administrative expenses
($234.8M)
($429.8M)
($404.8M)
($501.2M)
Other income
$179.6M
$88.2M
$404.0K
$4.7M
Operating income
$821.4M
$479.1M
$530.7M
$312.4M
Finance income
$219.1M
$33.7M
$25.2M
$15.8M
Finance costs
($349.7M)
($2.1B)
($2.4B)
($872.0M)
Income/(loss) before income tax
$690.8M
($1.6B)
($1.9B)
($543.9M)
Income tax expense
($86.4M)
($34.0M)
($107.5M)
$73.5M
Income/(loss) for the year
$126.8M
($1.6B)
($2.0B)
($470.4M)
IHS Holding Ltd income statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Revenue
$844.0M
$415.4M
$1.3B
$872.9M
Cost of sales
($405.1M)
($183.6M)
($663.7M)
($424.7M)
Administrative expenses
($246.2M)
($120.7M)
($199.1M)
($140.8M)
Other income
$1.4M
$200.0K
$4.1M
$2.0M
Operating income
$194.1M
$111.3M
$469.3M
$309.4M
Finance income
$159.0M
$116.6M
$186.3M
($56.1M)
Finance costs
($210.1M)
($110.7M)
($330.3M)
$228.7M
Income before income tax
$143.0M
$117.2M
$325.3M
$136.8M
Income tax expense
($91.0M)
($50.1M)
($114.9M)
($73.8M)
(Loss)/income from continuing operations
$52.0M
$67.1M
—
—
Income/(loss) from discontinued operations
$17.5M
$9.9M
—
—
Owners of the Company
$67.0M
$75.8M
$219.5M
$68.5M
Non-controlling interests
$2.5M
$1.2M
($9.1M)
($5.5M)
(Loss)/income for the period
$69.5M
$77.0M
$210.4M
$63.0M
Continuing operations
$52.0M
$67.2M
—
—
Discontinued operations
$15.0M
$8.6M
—
—
Profit/(loss) attributable to owners
$67.0M
$75.8M
—
—
(Loss)/income per share ($) - basic
$0.15
$0.20
—
—
(Loss)/income per share ($) - diluted
$0.15
$0.20
—
—
(Loss)/income per share ($) - basic
$0.20
$0.23
$0.66
$0.20
(Loss)/income per share ($) - diluted
$0.19
$0.22
$0.64
$0.20
Exchange gain recycled to income statement on disposal of subsidiary
($16.0M)
—
—
—
Exchange differences on translation of foreign operations
($20.5M)
($34.8M)
$122.1M
$139.0M
Other comprehensive (loss)/income for the period, net of taxes
($36.5M)
($34.8M)
$122.1M
$139.0M
Owners of the Company
$14.7M
$34.1M
$317.4M
$188.4M
Non-controlling interests
$18.3M
$8.1M
$15.1M
$13.6M
Total comprehensive (loss)/income for the period
$33.0M
$42.2M
$332.5M
$202.0M
Continuing operations
($20.4M)
$400.0K
—
—
Discontinued operations
$35.1M
$33.7M
—
—
Total comprehensive income for the period attributable to owners
$14.7M
$34.1M
—
—
Balance sheet
IHS Holding Ltd balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Property, plant and equipment
$816.1M
$1.4B
$1.7B
$2.1B
Right of use assets
$369.9M
$699.1M
$886.9M
$964.0M
Goodwill
$262.7M
$403.2M
$619.3M
$760.3M
Other intangible assets
$288.9M
$674.0M
$933.0M
$1.1B
Deferred income tax assets
$65.1M
$73.3M
$63.8M
$78.4M
Derivative financial instrument assets
$48.1M
$29.4M
$1.5M
$6.1M
Trade and other receivables
$135.8M
$121.0M
$147.3M
$130.3M
Non-current assets
$2.0B
$3.4B
$4.4B
$5.1B
Inventories
$42.1M
$30.7M
$40.6M
$74.2M
Income tax receivable
$800.0K
$2.3M
$3.8M
$1.2M
Trade and other receivables
$181.4M
$313.4M
$607.8M
$663.5M
Cash and cash equivalents
$825.7M
$578.0M
$293.8M
$514.1M
Assets held for sale
$1.5B
—
$26.0M
—
Current assets
$2.5B
$924.3M
$972.6M
$1.3B
TOTAL ASSETS
$4.5B
$4.3B
$5.4B
$6.3B
Trade and other payables
$122.3M
$5.2M
$4.6M
$1.5M
Borrowings
$2.8B
$3.2B
$3.1B
$2.9B
Lease liabilities
$311.7M
$470.5M
$510.8M
$517.3M
Provisions for other liabilities and charges
$59.7M
$83.9M
$86.1M
$84.5M
Deferred income tax liabilities
$40.4M
$100.5M
$137.1M
$186.3M
Non-current liabilities
$3.4B
$3.9B
$3.8B
$3.7B
Trade and other payables
$278.0M
$422.5M
$532.6M
$669.1M
Provisions for other liabilities and charges
$6.0M
$182.0K
$277.0K
$483.0K
Income tax payable
$69.9M
$49.9M
$75.6M
$70.0M
Borrowings
$295.7M
$128.7M
$454.2M
$438.1M
Lease liabilities
$60.7M
$82.1M
$91.2M
$87.2M
Liabilities held for sale
$493.0M
—
—
—
Current liabilities
$1.2B
$693.6M
$1.2B
$1.3B
TOTAL LIABILITIES
$4.6B
$4.6B
$5.0B
$5.0B
Stated capital
$5.4B
$5.4B
$5.4B
$5.3B
Accumulated losses
($6.8B)
($6.9B)
($5.3B)
($3.3B)
Other reserves
$1.1B
$1.1B
$8.4M
($861.4M)
Equity attributable to owners of the Company
($251.3M)
($454.6M)
$109.8M
$1.1B
Non-controlling interests
$161.5M
$158.8M
$237.5M
$227.2M
TOTAL EQUITY
($89.8M)
($295.8M)
$347.4M
$1.4B
TOTAL LIABILITIES AND EQUITY
$4.5B
$4.3B
$5.4B
$6.3B
IHS Holding Ltd balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Property, plant and equipment
$786.3M
$806.5M
$1.5B
$1.4B
Right of use assets
$371.3M
$361.7M
$693.8M
$668.9M
Goodwill
$274.5M
$269.5M
$441.3M
$430.7M
Other intangible assets
$284.3M
$281.3M
$707.7M
$714.9M
Deferred income tax assets
$77.6M
$76.9M
$98.4M
$88.9M
Derivative financial instrument assets
$59.6M
$42.0M
$64.2M
$33.6M
Trade and other receivables
$151.9M
$138.2M
$140.7M
$142.1M
Non-current assets
$2.0B
$2.0B
$3.6B
$3.5B
Inventories
$46.5M
$41.1M
$40.8M
$39.0M
Income tax receivable
$2.6M
$800.0K
$3.1M
$3.3M
Trade and other receivables
$196.1M
$202.3M
$272.7M
$310.5M
Cash and cash equivalents
$1.1B
$940.5M
$647.6M
$531.8M
Assets held for sale
$1.0B
$1.5B
$105.0M
$99.9M
Current assets
$2.4B
$2.7B
$1.1B
$984.5M
TOTAL ASSETS
$4.4B
$4.7B
$4.7B
$4.5B
Trade and other payables
$132.2M
$133.0M
$120.3M
$110.7M
Borrowings
$2.8B
$2.8B
$3.1B
$3.1B
Lease liabilities
$313.5M
$303.7M
$525.4M
$502.3M
Provisions for other liabilities and charges
$45.5M
$55.7M
$97.2M
$102.5M
Deferred income tax liabilities
$42.5M
$42.7M
$97.6M
$94.3M
Non-current liabilities
$3.3B
$3.3B
$4.0B
$3.9B
Trade and other payables
$333.7M
$315.6M
$335.3M
$349.0M
Provisions for other liabilities and charges
$300.0K
$6.0M
$200.0K
$200.0K
Derivative financial instrument liabilities
$15.9M
$13.0M
—
$10.1M
Income tax payable
$91.7M
$107.9M
$63.5M
$52.0M
Borrowings
$323.5M
$322.9M
$133.1M
$102.4M
Lease liabilities
$66.4M
$62.3M
$99.3M
$92.5M
Liabilities held for sale
$391.1M
$513.4M
$35.7M
$35.0M
Current liabilities
$1.2B
$1.3B
$667.1M
$641.2M
TOTAL LIABILITIES
$4.5B
$4.7B
$4.6B
$4.6B
Stated capital
$5.4B
$5.4B
$5.4B
$5.4B
Accumulated losses
($6.7B)
($6.7B)
($6.7B)
($6.9B)
Other reserves
$1.1B
$1.1B
$1.2B
$1.2B
Equity attributable to owners of the Company
($181.7M)
($193.3M)
($135.8M)
($270.8M)
Non-controlling interests
($900.0K)
$169.6M
$173.9M
$172.4M
TOTAL EQUITY
($182.6M)
($23.7M)
$38.1M
($98.4M)
TOTAL LIABILITIES AND EQUITY
$4.4B
$4.7B
$4.7B
$4.5B
Cash flow statement
IHS Holding Ltd cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash from operations
$983.0M
$775.9M
$902.9M
—
Income taxes paid
($44.7M)
($38.6M)
($45.4M)
—
Payment for rent
($1.9M)
($7.8M)
($3.7M)
—
Payment for tower and tower equipment decommissioning
($200.0K)
($95.0K)
($343.0K)
—
Net cash from operating activities
$936.2M
$729.3M
$853.5M
—
Purchase of property, plant and equipment
($217.5M)
($235.2M)
($464.9M)
—
Payment in advance for property, plant and equipment
($34.5M)
($29.9M)
($111.1M)
—
Purchase of software and licenses
($100.0K)
($4.0M)
($22.8M)
—
Proceeds from sale of subsidiaries, net of cash disposed
$169.8M
$119.0M
—
—
Proceeds from disposal of property, plant and equipment
$2.0M
$26.7M
$2.9M
—
Insurance claims received
$400.0K
$73.0K
$321.0K
—
Interest received
$42.3M
$18.7M
$25.0M
—
Deposit of short-term deposits
($17.0M)
($43.7M)
($183.4M)
—
Refund of short-term deposits
$32.3M
$211.5M
$36.2M
—
Net cash (used in)/from investing activities
($22.3M)
$63.2M
($722.2M)
—
Proceeds received from issuance of borrowings (net of transaction costs)
$195.9M
$2.2B
$986.6M
—
Repayment of borrowings
($386.9M)
($2.1B)
($689.9M)
—
Fees on borrowings and derivative instruments
($20.9M)
($10.6M)
($19.4M)
—
Interest paid
($309.0M)
($327.0M)
($299.0M)
—
Payment for the principal portion of lease liabilities
($41.5M)
($55.2M)
($72.9M)
—
Interest paid for lease liabilities
($68.3M)
($66.0M)
($58.4M)
—
Interest paid on derivative instruments
($10.1M)
($8.8M)
—
—
Settlement of derivative instruments
($3.3M)
($22.4M)
$839.0K
—
Net cash used in financing activities
($644.1M)
($431.0M)
($162.3M)
—
Net increase/(decrease) in cash and cash equivalents
$269.8M
$361.5M
($31.1M)
—
Cash and cash equivalents at beginning of year
$578.0M
—
$514.1M
—
Exchange differences
$5.5M
($77.4M)
($189.2M)
—
Cash and cash equivalents at end of year
$853.3M
—
$293.8M
$514.1M
IHS Holding Ltd cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Cash from operations
$447.0M
$244.9M
$730.7M
$471.0M
Income taxes paid
($68.4M)
($16.3M)
($38.7M)
($31.0M)
Net cash from operating activities
$378.6M
$228.6M
$689.3M
$438.0M
Purchase of property, plant and equipment
($71.4M)
($42.1M)
($149.2M)
($87.1M)
Payment in advance for property, plant and equipment
($12.4M)
($4.3M)
($26.1M)
($15.7M)
Purchase of software and licenses
($500.0K)
—
($100.0K)
($100.0K)
Proceeds from sale of subsidiaries, net of cash disposed
$182.1M
$4.8M
—
—
Net proceeds relating to disposal of property, plant and equipment
$2.0M
$1.1M
($100.0K)
—
Insurance claims received
$100.0K
—
$400.0K
$300.0K
Interest received
$24.8M
$10.1M
$31.8M
$20.6M
Deposit of short-term deposits
($8.5M)
($800.0K)
($16.3M)
($15.8M)
Refund of short-term deposits
$1.8M
$1.0M
$29.8M
$9.5M
Net cash from/(used in) investing activities
$118.0M
($30.2M)
($129.8M)
($86.5M)
Repayment of borrowings
($41.6M)
($16.7M)
($368.8M)
($348.9M)
Fees on borrowings and derivative instruments
($4.4M)
($2.1M)
($17.8M)
($12.2M)
Interest paid
($130.5M)
($33.0M)
($206.4M)
($171.8M)
Payment for the principal portion of lease liabilities
($31.4M)
($16.6M)
($34.8M)
($23.7M)
Interest paid for lease liabilities
($34.6M)
($15.8M)
($47.0M)
($29.4M)
Settlement of non-deliverable forwards
($8.2M)
—
—
—
Net cash used in financing activities
($250.7M)
($84.2M)
($492.3M)
($399.4M)
Net increase/(decrease) in cash and cash equivalents