Airtel Africa Posts Strong Nine-Month Growth as Data and Mobile Money Surge

An announcement from Airtel Africa Plc ( (GB:AAF) ) is now available.

Airtel Africa reported strong results for the nine months to 31 December 2025, underscoring robust growth across both its telecoms and mobile money operations. The customer base rose 10% to 179.4 million, with data users up 14.6% to 81.8 million and smartphone penetration reaching 48.1%, helping lift data ARPU by 16.6% as average monthly usage climbed to 8.6GB. Airtel Money crossed 52 million customers and surpassed an annualised total processed value of $210bn in the third quarter, driven by a broader ecosystem and greater digital adoption, while mobile money ARPU increased in constant currency. Group revenue grew 24.6% in constant currency (28.3% reported) to $4.67bn, led by a 36.5% rise in data revenue and 29.4% growth in mobile money, pushing EBITDA up 35.9% to $2.28bn and expanding margins to 48.9%. Profit after tax more than doubled to $586m as higher operating profit and foreign exchange gains replaced prior-year losses, with basic EPS jumping to 13.1 cents. The company accelerated capital expenditure by 32.2% to $603m, adding around 2,500 new sites and extending its fibre network beyond 81,500km to lift population coverage to 81.7%, while leverage improved from 2.4x to 1.9x on stronger EBITDA. Management highlighted continued cost-efficiency gains, rising EBITDA margins and the momentum in Airtel Money ahead of a planned listing in the first half of 2026, reinforcing confidence in the long-term growth and value-creation potential of its African footprint.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £395.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Spark’s Take on GB:AAF Stock

According to Spark, TipRanks’ AI Analyst, GB:AAF is a Neutral.

Airtel Africa’s strong earnings call performance and positive technical indicators are offset by financial risks related to high leverage and declining revenue. The stock’s valuation appears high, limiting its attractiveness. While the company shows potential for growth, addressing leverage and revenue challenges is crucial for improving its financial health.

To see Spark’s full report on GB:AAF stock, click here.

More about Airtel Africa Plc

Airtel Africa is a leading telecommunications and mobile money provider operating in 14 countries across sub-Saharan Africa, offering an integrated suite of mobile voice, data and financial services to consumers and businesses. The group’s strategy centres on expanding high-quality connectivity, deepening smartphone and home broadband penetration, and using its Airtel Money platform to drive financial inclusion and transform access to digital services across the continent.

Average Trading Volume: 6,371,227

Technical Sentiment Signal: Buy

Current Market Cap: £12.82B

See more data about AAF stock on TipRanks’ Stock Analysis page.