Airtel Africa FY26 Earnings Surge

Airtel Africa reported a robust financial and operational performance for the fiscal year ended March 31, 2026. The company's profit after tax surged by 147.4% to $813 million, and revenue increased by 29.5% to $6.41 billion, primarily driven by strong growth in data and mobile money services across its sub-Saharan African markets. Airtel Africa saw its customer base grow by 10.5% to 183.5 million, with data customers rising 14.8% and mobile money customers increasing 21.3%. Smartphone penetration improved to 49.5%, and data usage per customer climbed to 8.9 GB per month. Sunil Taldar, CEO of Airtel Africa, highlighted the attractive industry fundamentals and structural growth drivers. The company also expanded its network infrastructure, rolling out over 3,250 new sites and extending its fibre network. Airtel Africa plans to increase capital expenditure to approximately $1.1 billion in FY27 and remains committed to pursuing an IPO for Airtel Money in the second half of 2026, subject to market conditions. The board recommended a final dividend of 4.26 cents per share, bringing the total dividend for FY26 to 7.1 cents per share.